With an aim to address grievances of buyers and to bring transparency in India’s real estate sector, the government is planning to implement RERA Act starting from May 1 this year. The upper house of Indian Parliament, Rajya Sabha had passed the Real Estate Regulation and Development Act (RERA Act) in March 2016, which is… Read More »
In what could provide a push to information technology and financial services sector in Ahmedabad, a city-based real estate company-Goyal and Company- has signed a lease deed with S&P Global Market Intelligence, a global financial intelligence provider, for office space. “As part of the deal, the local realtor will develop 3.50 lakh sq.ft of office… Read More »
Shares of Indiabulls Real Estate Ltd (IBREL) on Monday jumped 40% on Monday after the property developer revealed plans to carve out its leasing and commercial businesses into a separate entity.The IBREL board that met on Monday morning decided to create a new vertical to house the two businesses. The residential business will continue to… Read More »
Hyderabad witnessed strong office leasing during 2016, registering a 109 per cent year-on-year growth during the year, according to real estate consultancy CBRE South Asia. During the January to March 2017 quarter, the city witnessed the uptake of more than 1.3 mllion sq ft. Affordability This growth in office leasing activity, coupled with robust infrastructure… Read More »
The Asian market is driving global economic growth and India is emerging as the world’s preferred outsourcing hub. According to the CBRE 2017 Asia Pacific Occupier Survey report released last week, multinational as well as Asia Pacific-based companies have aggressive expansion plans for India and China over the next three years. Interestingly, in the Asia… Read More »
Apr 17 Realty firm Godrej Properties has tied up with the taj group to develop a luxury hotel project in Mumbai. Godrej Properties said it has “partnered with Taj Hotels Palaces Resorts Safaris to develop a world-class Taj brand hotel at its flagship project, The Trees, at Vikhroli”. The Taj hotel will manage this property… Read More »
The Real Estate(Regulation and Development) Act will be a blessing in disguise for home buyers, including those who have still not got possession of their properties. According to the Act, every ongoing and under-construction project is supposed to come under the regulator’s ambit. To operationally cover an ongoing project, the developer has to first get… Read More »
Private equity giant Blackstone India’s REIT (Real Estate Investment Trust) listing is likely to happen in mid-2017, ahead of which the company may undertake a corporate restructuring, demarcating its office spaces from the retail assets, geography-wise. Blackstone is planning to list two separate REITs for its office assets: one with Pune-based Panchshil Realty, and the… Read More »
Saddled with total debt of around Rs 46,000 crore, Air India has written to 16 of its lenders to cut interest rate on its loans by up to 2 percentage points, in line with the reduction in rates in the market. The airline is also in talks with state-owned infrastructure company NBCC and Ministry of… Read More »
When Goldman Sachs opened its wholly owned Bangalore operation in 2004, it was a typical back office. Just under 300 full-time staff supported a front line of revenue-generating bankers worldwide. They worked in limited areas such as information technology, finance and accounting. The group put no cap on Bangalore’s ambitions, says Bunty Bohra, who heads… Read More »
