Category Archives: Real Estate

Axis AMC raises ₹400 crore maiden real estate fund

Bengaluru: Axis Asset Management Company (AMC), a unit of Axis Bank, has concluded raising its maiden real estate fund — Axis RERA Opportunities Fund-I — with commitments of over₹400 crore, the company said on Tuesday. Investors include domestic institutions, high networth individuals and the sponsor, Axis AMC. The fund is targeting investments through the structured debt route in top eight cities, Read More

RBI repo rate cut to revive consumer spending, boost real estate market: Experts

After a cut in GST rates for real estate, the repo rate cut of 25 basis points is a big boost to the sector, experts said. “The real estate sector has been looking forward to such stimuli to boost sales velocity,” Shishir Baijal, Chairman & Managing Director, Knight Frank India told Moneycontrol. The Reserve Bank of India has also formed Read More

How much tax do you need to pay for your gold and real estate investments?

The two physical asset classes of real estate and gold have for long been considered safe havens by Indian investors, and are usually a very large chunk of portfolios. But over the past few years, returns from them have been poor to negative. While financial products are gaining ground with investors, real estate and gold continue to hold strong. In Read More

Share market update: Realty shares fall; Indiabulls Real Estate slumps 3%

NEW DELHI: Realty shares were trading with losses in Monday’s morning session. Shares of Indiabulls Real Estate (down 3.06 per cent) , Prestige Estates Projects (down 2.81 per cent) , Godrej Properties (down 2.17 per cent) and Oberoi Realty (down 1.97 per cent) were trading in the red. Brigade Enterprises (down 1.51 per cent) , DLFNSE -0.64 %(down 1.30 per cent) Read More

PEs ditch residential projects for commercial real estate

PE inflows in residential projects down 82% at $266 mn in 2018, commercial sector draws $2.8 bn Commercial real estate investments from institutional investors are at a four-year high in India as investments in residential projects have dropped to a four-year low, according to a new report from Anarock Consultants. The commercial office segment saw the highest inflows, accounting for Read More

Piramal Capital will look at new real estate deals from April: MD Khushru Jijina

Bengaluru: The real estate sector, which has been struggling with weak demand and stagnant prices for years, has received another blow with the liquidity crisis at non-banking financial companies (NBFCs), one of their last funding sources. Many NBFCs have lost significant market value on growing concerns around asset-liability mismatches and tightening liquidity in the short-term money market, after a series of Read More

That Sinking Feeling: Real Estate In The Age Of Climate Change

Most people think of the arctic as remote – a wasteland inhabited by polar bears (true) and penguins (untrue) – with little relevance to their daily lives. Most people are wrong. While the arctic may be distant for us geographically, what happens there has an enormous effect on us, no matter where we live. The last remaining house on what Read More

Commercial real-estate is on the up and up, with new hotspots emerging

A growing workforce, slowing residential market, and decentralisation of commercial space in the prime metros, are among the factors that have contributed to steady growth in the office space segment over the past decade. Despite realty overall being sluggish in the last two years, the office segment has continued to grow. Developers and analysts see the growth continuing, with newer Read More

Century real estate in talks to raise Rs 250 crore for home project

Bengaluru: Century Real Estate Holdings is in talks with Piramal Ivanhoe Residential Equity Fund to raise funds for an upcoming residential project in a deal valued at ₹250 crore. The Bengaluru-headquartered developer plans to build a high-end residential project on a 10-acre land parcel it owns in the central business district in the city. “The deal is likely to be a structured Read More

GST rates on real estate slashed to boost key sector

Arun Jaitley(REUTERS FILE PHOTO) The Goods and Services Tax Council decided on Sunday to cut the tax on under-construction houses to 1% for properties valued up to ₹45 lakh and to 5% for those in the premium segment in order to boost the troubled real estate sector and provide relief to aspiring homebuyers. The rates will be brought down from Read More