Category Archives: Real Estate

Icahn is shorting the commercial real estate market, which he says is going to ‘blow up’

Billionaire investor Carl Icahn told CNBC on Friday he expects the U.S. commercial real estate market will crumble, much like the broader housing market collapse of 2008. “You’re going to have this blow up, too, and nobody’s even looking at it,” Icahn said on “Halftime Report.” Icahn said he is shorting the commercial mortgage bond market and it’s his “biggest position by Read More

As coronavirus spreads in NYC, its impact on real estate remains uncertain

As of this writing, nearly 200 people in New York state have tested positive for COVID-19, the novel coronavirus that has rapidly spread across the globe; 36 of those cases are within New York City, with even more people choosing to self-quarantine. The spread of the novel coronavirus has already impacted New Yorkers in ways both small and large: More people are Read More

How Mumbai crumbled and took luxury real estate with it

In 2018, a South Korean friend was deputed to head the India business of a company. He searched for over three months for a flat in Mumbai. Eventually, he opted for a spacious apartment in a luxurious complex in Worli at a monthly rent of Rs 4,00,000. Residents of Mumbai will know that as the centre of business activity has Read More

US, UAE and Singapore firms top investors in Indian real estate sector

While Indian real estate attracted more than $5 billion in private equity inflows in 2019, firms from US, UAE and Singapore remain bullish on the sector even as Japanese and South Korean investors are evaluating options in 2020. As per data made available by Anarock Capital, US-based Blackstone remains bullish on Indian real estate and pumped in over $1.8 billion Read More

Real estate body launched app to facilitate homebuyers

The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an app to facilitate home buyers in buying property through credible developers. The app will help buyers to identify their preferred projects and contact developers directly. The app was launched by Minister of Transport, Housing and Environment, Forest, Law of Chattisgarh, Mohammad Akbar along with Chattisgarh RERA Chief Vivek Dhand. Read More

I-T detects Rs 470 crore TDS default by airline, real estate, hotel cos in Delhi

  New Delhi: The Income Tax Department has detected about Rs 470 crore TDS (tax deducted at source) default by some big Delhi-based corporate houses after surveys were conducted against them recently, officials said. The department’s TDS wing in Delhi has launched a special monitoring of private companies and government organisations in order to ensure that due taxes are deducted under this direct taxes Read More

Real estate slowdown: Mumbai to boost revenue by taxing garbage collection

Deteriorating finances in Mumbai — whose budget is bigger than several of the states — bodes ill for India’s economic revival because local expenditure has a bigger impact than that by Prime Minister Narendra Modi’s administration. Mumbai’s municipal body expects income on its rS 786.7 billion of investments to drop 11% due to lower bank interest rates in the next Read More

We would have liked a blanket clearance for real estate like in 2008: Niranjan Hiranandani

The latest RBI credit policy has thrown a lifeline to real estate companies. I don’t think they thought RBI could have this kind of consideration for commercial companies? No, it is commercial real estate and it includes residential. When they say commercial real estate, it means residential, retail, commercial all the three. That is how commercial real estate lending is defined in the banking Read More

Four factors that may rekindle buyers’ interest in real estate

  The real estate sector, which accounts for the majority of the savings of Indian households, has been notorious for malpractices such as project delays, siphoning of investors’ money, changing the layout of the projects without the consent of homebuyers, increasing the prices arbitrarily and so on. However, given the fall in demand and corrosion of homebuyers’ trust, developers are now Read More

Real Estate: How title insurance can help home buyers

To protect the interest of home buyers and other parties involved in a property transaction, against issues related to the title of a property, The Real Estate (Regulation and Development) Act (RERA) has mandated developers to buy title insurance. It is a tool to mitigate the risks related to the transfer of title of a property—the instrument that provides evidence Read More