Hannah SchafferCatacombs in New York City might not look like those in Paris – but they have an interesting story. A New York City church is selling the last remaining crypt in its catacombs for $7 million. These catacombs – beneath the 200-year-old Basilica of St. Patrick’s Old Cathedral – were previously off-limits, but the church recently began public tours Read More

(Bloomberg) — A Blackstone Group LP fund that takes minority stakes in alternative-asset managers is buying part of real estate firm Rockpoint Group. The Blackstone pool, which in July agreed to take a stake in buyout firm Leonard Green & Partners, has acquired a passive, minority stake in Boston-based Rockpoint, the firms said in a statement Tuesday. The interest is about 20 Read More

Last year, India’s real estate sector saw two major reforms come into force — the Real Estate Regulatory Authority (RERA) and the Goods and Services Tax (GST). While a landmark tax such as the GST is expected to have far-reaching implications for sectors across the economy, its impact on real estate as a whole is likely to be a mixed Read More

French hotelier Accor has signed the long-awaited sale of a majority stake in its real estate business to a consortium of investors including the sovereign wealth fund of Saudi Arabia. Europe’s largest hotelier by room numbers said on Tuesday after market close that it will sell 55 per cent of AccorInvest to sovereign funds, Saudi Arabia’s Public Investment Fund and Read More

Nair, CEO and Country Head, JLL India (Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same). RBI Hands out a Stalemate to the Real Estate Sector – Ramesh Nair, CEO and Country Head, JLL India MUMBAI, February 7, 2018/PRNewswire/ — Keeping the policy rates unchanged while maintaining REPO Read More

Shutterstock Consumers are habituated to receive information, answers to their questions and access to a range of services immediately, from ordering food to hailing a car ride and even receiving pre-approval on a loan for a home. Need a recommendation on something as routine as where to eat or something as personal as which real estate agent to work with? Read More

Property buyers and sellers in metros, especially in upmarket localities, won’t need to pay additional tax if the difference between the agreement and stamp duty values of the property is less than 5 per cent. The finance minister has proposed this relief in Budget 2018.At present, if the sale price of a property is lower than the circle rate, the difference is added Read More

Anshuman Magazine CBRE Over the past two years, India’s real estate sector has witnessed a slew of policies and reforms being announced and implemented. The primary aim of these was to promote growth and increase transparency to improve the overall economic growth of the country. In the 2017 Union Budget, the sector cheered the announcement of according infrastructure status to affordable Read More

Deepesh Salgia Tectonic changes in the real estate sector have increased the risk level for real estate business and simultaneously reduced its avenues for risk capital.   Increasing prices have now turned volatile, thus increasing business risk   Post RERA, landlords prefer upfront cash over Joint Development, requiring developers to take larger risk   Mandatory registration for home buyers after 10% Read More

  As a real estate professional, you are constantly being challenged. You need to make decisions that ultimately affect your buyers and sellers and, of course, your business. These choices can lead you down one of two paths: success or failure. Mistakes are inevitable, as with any venture, but your response to those mistakes can mean the difference between a Read More