Benefit from a market in correction mode According to a report from PropTiger, sales grew by more than 35 per cent (aggregate of top nine markets) year-on-year in the January-March quarter Launches were down 60 per cent in this quarter compared to the corresponding quarter of FY17. Launches increased only in Bengaluru and Kolkata Higher sales and lower launches are Read More

The real estate sector is one of the main pillars for Dubai’s highly diversified economy, which is not dependent on oil. (AFP) DUBAI: Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels. The Dubai Financial Market Index ended the day’s trading down 1.83 percent Read More

Baidu Automakers are poised to become “landlords of mobile real estate” by offering subscription products to drivers. $1 per month in subscription revenue could net GM $1 billion, Morgan Stanley says. Follow General Motors’ stock price in real-tme here. Amazon delivering packages to customers’ cars is only the beginning in what could be a massive evolution of automakers as we know Read More

The 14 spokes of RERA’s protective umbrella The Indian real estate industry, particularly the residential sector, was in the past correctly characterized as being unregulated and unorganized with unreasonable project delays and poor quality of construction being definitive aspects. The arrival of the Real Estate Regulatory Act (RERA) in March 2016 brought in a paradigm shift in the sector and Read More

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Hannah SchafferCatacombs in New York City might not look like those in Paris – but they have an interesting story. A New York City church is selling the last remaining crypt in its catacombs for $7 million. These catacombs – beneath the 200-year-old Basilica of St. Patrick’s Old Cathedral – were previously off-limits, but the church recently began public tours Read More

(Bloomberg) — A Blackstone Group LP fund that takes minority stakes in alternative-asset managers is buying part of real estate firm Rockpoint Group. The Blackstone pool, which in July agreed to take a stake in buyout firm Leonard Green & Partners, has acquired a passive, minority stake in Boston-based Rockpoint, the firms said in a statement Tuesday. The interest is about 20 Read More

Prestige Group chairman and MD Irfan Razack. Prestige is in talks for a central Mumbai project development and has signed a 25 acre land deal in Noida for mid-income housing other than signing up for new projects in Pune and Hyderabad. Photo: Aniruddha Chowdhury/Mint Bengaluru: Armed with fresh capital commitments, Prestige Group is gearing up to build a new mid-income housing Read More

In 2016-17, Oberoi Realty generated a revenue of Rs320 crore from its leased commercial assets, accounting for about 27% of its overall revenue. Mumbai: Oberoi Realty Ltd expects to generate rental revenue of around Rs1,000 crore in the next three years from its existing and upcoming commercial portfolio, a top executive said. The company, India’s second largest builder by market Read More

No major deals above the value of $300 million happened last month, causing the decline from January, which registered deals worth $3.5 billion. Photo: Mint Mumbai: Private equity (PE) and venture capital (VC) investments in February registered a sharp 60% month-on-month decline to $1.4 billion across 63 deals, due to the absence of any mega deals, says a report. No major Read More