The founders of Seattle-based Modus cold-emailed Pete Flint, the founder of Trulia and a current managing partner at the venture capital firm NFX, for months, to no avail. In a last-ditch effort, Alex Day, Jai Sim and Abbas Guvenilir sent one more message to the investor whose real estate listings tool sold to Zillow in 2014 for $3.5 billion. They were at a coffee shop Read More

The investments were led by Blackstone, Hines, Ascendas, and Brookefield With investments led by Blackstone, Hines, Ascendas, and Brookefield, cash-starved Indian real estate sector has attracted close to $3.8 billion in private equity (PE) from January-September 2019. This is a 19 per cent rise year-on-year (YoY). “During the first nine months, a total inflows equalled over $3.2 billion in the Read More

City Councilmember Ritchie Torres’ bid to represent the South Bronx in Congress is raking in real estate cash, campaign finance records show. Torres leads a crowded pack of Democrats seeking to replace retiring Rep. José Serrano, pulling in a top $878,000 since declaring his candidacy in July. At least $110,000 of that came from people with ties to the real Read More

Despite a slew of measures to arrest the slump by the government and the Reserve Bank of India (RBI) to boost liquidity and revive demand, current sentiments of the real estate stakeholders in India has plummeted to a level earlier seen during the 2014 pre-elections and demonetisation in 2016, a survey has said. According to the latest survey by industry Read More

The stock market of India was sideways on negative foreign institutional investors (FIIs). The BSE Sensex went down 30 points to 30,096 levels while the 50-stock Nifty 1 point down at 11,303 levels. The Bank Nifty index was 22 points up at 28,064 levels. Speaking on the current market scenario Sumeet Bagadia, Vice President at Choice Broking said, “Market is Read More

Builders who failed to comply with an Uttar Pradesh Real Estate Regulatory Authority (UP RERA) order to handover possession of units may now have to cough up a cumulative Rs 200 crore as penalty. Presently, more than 15 developers, the Ghaziabad Development Authority and Greater Noida Industrial Development Authority have been issued notices for the non-compliance. UP RERA identified 397 such projects in Ghaziabad, Read More

Shares of Indiabulls Real Estate were locked in 5 percent upper circuit at Rs 43.40 intraday after its board on October 11 approved a Rs 500-crore share buyback proposal. On the BSE, there were pending buy orders of 285,309 shares, with no sellers available at 1338 hours. The real estate company informed exchanges that its board of directors had approved a proposal Read More

GST Council, headed by Finance Minister Nirmala Sitharaman, held its 37th meeting in Goa on 20th September 2019. With India’s Gross Domestic Product (GDP) touching a six-year low of 5 per cent, and various sectors facing a severe downturn, the government was under huge pressure to take new measures to boost consumption and demand by reducing the GST. Despite the real Read More

WeWork’s unsuccessful IPO attempt has generated a lot of media attention over the last two months. In Forbes, we ran a comparison of the disclosed related party transactions versus recent high profile IPOs. Our head of research was interviewed extensively at IPO Edge regarding the governance, valuation and business model considerations surrounding the offering. The same outlet also wrote about the disappearing references to cash Read More

The turmoil in the equity markets and the decline in interest rates may have pushed investors towards real estate. An online survey shows that 57% of people prefer to invest in real estate. The survey was conducted by Anarock Property Consultant in the first quarter of 2019 and received 2,797 responses from across income levels, age groups and geographies. Respondents from Bengaluru were the most bullish Read More