It is highly possible that the government would announce some measures for the real estate and auto sector in the coming weeks. Both these sectors generate a lot of employment and would definitely need some kind of relief measures. A million contractual manufacturing jobs are at risk due to the consumption slowdown, Society of Indian Automobile Manufacturers (SIAM) President Rajan Read More

Aditya Birla Sun Life AMC (ABSLAMC) is a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments. FE could not immediately ascertain which entity would be providing the exit. Unable to find investors at a mutually acceptable valuation to liquidate the Aditya Birla Real Estate Fund-I, managed by Aditya Birla Sun Life AMC, has now informed investors Read More

The most anticipated part of every real estate transaction is being done with it. Every seller looks forward to the moment of closing: the period where all involved parties put a bow on the sale and the keys get handed over to the happy new owners. The closing is by nature the most complicated part of the proceedings. The task Read More

In the recent past, housing demand in the country has been on an all-time high, helping with the swift comeback of residential real estate. Residential real estate, for a very long time, has been the subject of discussion with regard to its value and business output in India. Usually favoured by several big developers across the country as a ‘robust Read More

The real estate sector may soon get a boost as the Centre readies a package to help renew growth, as per a Business Standard report. The package, aimed primarily at home buyers and real estate developers, is expected this week, the paper quoted government officials as saying. “There have been discussions on a task force for real estate similar to the Read More

BEIJING, Aug. 26 (Xinhua) — China’s new interest rate reform aiming to steer business funding costs lower will not stoke the real estate market, analysts said. The country’s central bank announced Sunday that starting from Oct. 8, new mortgages will be priced based on latest month’s loan prime rate (LPR) of the corresponding term, while certain basis points will be Read More

Manali Bhatia Real estate sector have been going through a consolidation phase. Past years have been very difficult for this sector and such situation was not observed in last three-four decades. The sector remained under performer because of slowdown in demand and piling up of inventories. Resultant, companies are forced to sell assets owing to hovering debt burden (in lieu of Read More

Gagan Banga, Vice Chairman and Managing Director of Indiabulls Housing Finance, spoke to CNBC-TV18 about the financial results of Indiabulls Housing Finance. “Our emphasis over the next few months is going to remain to reduce the commercial real estate (CRE) book and to the extent possible given market conditions allow, compensate that by largely micro, small and medium enterprises (MSME) focussed Read More

Artificial intelligence is here and shows no signs of slowing down. According to PwC, business leaders said they believe AI is going to be fundamental in the future. Most people referred to AI as a “business advantage.” The same survey reports that 63% of people agree AI will help solve complex problems that plague modern societies, and 59% agree that Read More

Realty firm Embassy Group and its investor partner Blackstone Group LLP are looking to buy the remaining promoters’ stake in Indiabulls Real Estate Ltd (IBREL), reported LiveMint. The Embassy Group had earlier bought 14 percent stake in IBREL from promoter Sameer Gehlaut for around Rs 950 crore in June, said the report. Now the firm, along with Blackstone, is keen on Read More