Manhattan apartment buildings Manhattan real estate sales and prices took a fall in the fourth quarter, and they’re likely to slide even further this year after the new tax rules take effect. Total sales volume fell 12 percent compared with the fourth quarter of last year — the lowest quarterly level in six years, according to a report from Douglas Read More

A boom in affordable housing can help make a dent in the malaise of joblessness. Photo: Aniruddha Chowdhury/Mint India’s real estate sector witnessed some significant developments over the past year-and-a-half. These have changed the face of the industry and augur well for it in the long run. The sector has become more transparent and organized owing to recent policy changes Read More

Standard Chartered’s private equity unit has investments worth about $3.5 billion, of which $1.2 billion is from the bank’s own book. Photo: Reuters New Delhi/Hong Kong: Standard Chartered is close to selling its real estate principal finance unit to private equity firm Actis, people with knowledge of the matter said, following the bank’s decision last year to exit the loss-making business. Read More

Karsten Kallevig, Per Loken and Romain Veber Photographer: Kyrre Lien/Bloomberg There may be worrying developments in some property markets, but the world’s biggest sovereign wealth fund says it has no intention of pulling back from real estate. A gap is opening between what stock-pickers think real estate is worth and what assets could be worth in the physical market, a Read More

Image for illustrative purposes only Image: Shutterstock Tata Housing and MoneyControl are set to join hands to launch Moneytize India, a real estate platform to inform and educate potential property buyers to help them make informed real estate choices. ‘Moneytize India’ will guide potential real estate buyers on the right time to invest, make smart property investment choices and more, Read More

There may be worrying developments in some property markets, but the world’s biggest sovereign wealth fund says it has no intention of pulling back from real estate. A gap is opening between what stock-pickers think real estate is worth and what assets could be worth in the physical market, a potential sign that a correction could be looming. For example, Read More

The BSE Realty Index that raced past benchmark indices since January 2017 lost steam in the last fortnight. Results for the September quarter were a mixed bag, even as sales performance across listed entities belied expectations of a revival in home sales. No doubt, the invalidation of high-value banknotes and the Real Estate (Regulation and Development) Act, 2016, or RERA, Read More

Tata Housing and MoneyControl are set to join hands to launch Moneytize India, a real estate platform to inform and educate potential property buyers to help them make informed real estate choices. ‘Moneytize India’ will guide potential real estate buyers on the right time to invest, make smart property investment choices and more, a media statement said on Friday. Top Read More

Hines India was set up in 2006 and has two commercial office projects in Gurgaon—One Horizon Centre and Skyview Corporate Park. Bengaluru: Eleven years after setting up the India operations of Hines, an international real estate investment and management firm with $100 billion of assets under management (AUM), Yash Gupta has resigned from the firm and plans to turn entrepreneur. Gupta Read More

The $500 million real estate fund with Shapoorji Pallonji is Allianz Group’s first investment into real estate in India. Photo: Hemant Mishra/Mint Mumbai: Global insurance firm Allianz Group on Thursday announced that it has partnered with Shapoorji Pallonji Group to set up a $500 million real estate fund—SPREF II—which will invest in commercial office properties in India. The transaction, which marks Read More