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

Real estate developers are coming up with world-class designs and are attracting buyers from across the globe. The advent of new technologies has improved our lives in every respect. These technologies are also playing a key role in changing the scenario of real estate, including the ‘luxury segment’. Currently, the luxury real estate sector in India is undergoing a colossal Read More

Singapore/Mumbai: India and SouthEast Asia focused private equity firm Everstone sees real estate lending as a big opportunity in the current scenario and is evaluating setting up a credit fund to lend to the real estate sector in India, a senior executive told Mint. Founded in 2006 by Atul Kapur and Sameer Sain, Everstone today has a team of over 260 experienced professionals across various geographies, Read More

The government finally took note of the economic slowdown that has not only hit earnings, but also dragged the market to multi-month lows since June. Nifty itself corrected more than 1,400 points from record high touched in early June. However, that downside was controlled and the market has turned rangebound for around a month now, thanks to the government starting Read More

Mumbai: Little known Altico Capital became a talking point on Thursday, after the company said it missed interest payment of around Rs 20 crore on a loan from Dubai-based Mashreq Bank. This latest default by a non-banking finance company, when the sector is going through a liquidity crisis, has led to fears of the contagion spreading wider. Formed in January 2004, Altico Read More

The real estate sector in India has evolved at a rapid pace over the past few years. The government has projected that India shall become a USD $5 trillion economy by 2024-25. For the real estate and construction sectors, there have been numerous challenges, from stressed demand-supply ratio, to the financial health of companies, especially as the sector’s compliance to Read More

New Delhi: The real estate sector relief expected this week may include solutions for stalled housing projects for the stressed home buyers where projects could not be completed due to funding issues, official sources said, There have been demand for as stress fund to deal with stalled projects and bail out lakhs of stuck homebuyers from both home buyers and Read More