Mumbai: Demand for e-commerce and pharmaceutical services have helped India’s industrial and logistics real estate industry remain the most resilient asset class in the first quarter of 2020, according to a report by JLL on Monday. In the medium term, sectors such as FMCG, e-commerce, pharmaceuticals, and cold storage will see an increased growth and demand for additional warehousing spaces, Read More

New Delhi: The residential real estate sector is poised for a strong comeback as affordability is at the best, says Mohit Malhotra, Managing Director & Chief Executive Officer, Godrej Properties. Speaking to ET Now, he said, “once the economy comes back we will see a very sharp recovery in the residential real estate sector. because affordability is at all-time high. Repo Read More

Extension of tax holiday under 80IBA till March 31, 2021, is good news for projects under the affordable housing category. The government acknowledges the importance of the real estate sector and its contribution to the GDP of the country. To kick-start the economy, it has initiated various steps to safeguard homebuyers’ interests and revive the sector. So far, most of Read More

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 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

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

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

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

  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

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