The value of the total real estate transactions in Dubai surged to more than Dh34 billion ( ) during the first five months of 2019, up 33 per cent from Dh24 billion last year, according to Dubai Land Department (DLD). The value of residential and commercial apartments’ deals topped Dh17 billion, while land purchasing transactions amounted to Dh14 billion and villas deals Read More

New Delhi: Shares of the Indiabulls Real Estate (IBREL) surged as much as 17% in two days on buzz of US-based Blackstone acquiring a part of the promoters stake in the company. Indiabulls Real Estate in a statement to stock exchanges said its promoters intend to dispose of up to 14% of the fully paid-up share capital of the company (out of the Read More

Real estate developers are now taking recourse to RERA and lodging complaints against homebuyers for non-payment of dues. As many as 50 such cases have so far been filed with UPRERA, sources told Moneycontrol. Some builders have also filed complaints with UPRERA against development authorities for not issuing completion certificate on time, they said. As many as 43 cases have been Read More

In the age of the $238 million penthouse sale, as well as one of the slowest luxury markets in years, it takes much more than an online listing and a few glossy ads to move eight- and nine-figure properties. I spoke to two ultra-high-end New York City real estate brokers to find out how they cater to the world’s wealthiest buyers. Zachary Vichinsky Read More

The Nifty Realty declined 2% led by heavy selling pressure in Indiabulls Real Estate, Sobha, Oberoi Realty, Sunteck Realty, and Prestige Estate. Shares of Indiabulls Real Estate and Sobha, which declined 6% and 5%, respectively, were leading the index’s fall. Shares of Oberoi Realty and Sunteck Realty also contributed to the fall, slipping 4% each. Shares of Prestige Estate, Brigade Enterprises, and DLF also dropped 1% each. Shares Read More

CoWrks, workspace providers has announced the appointment of, Rajat Gupta as Chief Growth Officer. Rajat joins the organization with twenty-two years of extensive experience in the real estate industry. Prior to his role at CoWrks, he was Managing Director for Advisory and Transaction Services at CBRE, where he was leading the Office Occupier Services vertical for India. With more than Read More

Noida Police arrested seven people on Saturday for a multi-lakh robbery at the office of Mahagun real estate group (Representational Image) Noida Police arrested seven people on Saturday for a multi-lakh robbery at the office of Mahagun real estate group. The incident took place last week on Saturday night, when the accused entered the premises, took the guards hostage and Read More

Flats in the affordable segment offer better rental yields as compared to mid-level or luxury segment. Representative image New Delhi: Real estate, which was one of the most preferred asset class of Indians so far as long term investment is concerned, has delivered a negative return in most of the Indian cities in past few years due to multiple reasons Read More

The Indian commercial real estate market is expected to provide 294 million sq ft of REITable space which would be valued at $35 billion, says a report. IT/IT-SEZ office space to dominate REITable assets across the country. With large and quality IT spaces occupied by prominent global players, Bengaluru will be the most favoured city for REITable assets. Presence of single-ownership Read More

Indiabulls Real Estate will sell its London property to promoters for GBP 200 million (approximately Rs 1,800 crore) as part of its strategy to focus on its India business and cut debt. The company’s net debt stood at Rs 4,590 crore at the end of the fourth quarter of 2018-19 fiscal and the same would be reduced to Rs 3,000 crore Read More