The slowdown can be viewed as a market correction, with the real estate sector recoiling from the cash crunch engendered by demonetization and reforms to protect the interests of home-buyers.
"There is no such proposal under consideration of the government to take over the delayed residential projects and complete the same for home buyers," Union Minister Rao Inderjit Singh said during Question Hour.
Sales volume and new launches fell by 23% and 46% each in the second half of 2016, a report by real estate consultancy Knight Frank has revealed. The fourth quarter of 2016, saw a R
Call it a post-colonial legacy or the universal human psychology of finding foreign-sounding names more attractive, but there is no denying that Indian customer‘s psyche equates such names to better value propositions.
Real estate-focused fund Nisus Finance Services Co (NiFCO) plans to raise USD 50 million (around Rs 335 crore) through an offshore fund in the next 4-5 months.
City-based NBFC Altico Capital has invested Rs 130 crore in two residential projects in Mumbai and NCR
"JLL's Segregated Funds Group has announced the first close of its second fund; Residential Opportunities Fund - II at Rs 120 crore (USD 18 mn approx), capital commitment," SFG said in a statement.
Towards the end of the year, it makes a lot of sense to look at various developments in segments in the sector. It offers some indication of how the next year going to be.
Mahindra Lifespaces mulls foray into MP, Rajasthan
DLF remains at war with many of its buyers across the National Capital region (NCR) and now Bengaluru. A coordinated protest saw buyers of three residential projects come together demanding possession of their homes as well as a more fair and equitable treatment from the realty major.
Sarang Wadhawan, vice-chairman and managing director of HDIL says the overall sentiment among investors has improved. He adds that volumes of residential projects is seeing improvement.
Suresh Kris, chief financial officer, Brigade Enterprises, says the average realization of the proposed project could be in the range of Rs 7000- 7500 per square feet.
Santhosh Kumar of Jones Lang LaSalle (JLL) India elaborates on the possibility of Surajkund being the alternate real estate destination on the Delhi- National Capital Region (NCR) map.
Brigade Enterprises has signed a JV deal with Government of Singapore, reports CNBC-TV18.
In an interview with CNBC-TV18, Sarang Wadhawan, VC & MD, HDIL said that they have not managed to do a great deal with the Transfer of Development Right (TDR) sales largely due to the lack of clarity about development control regulations (DCR). The company is expecting TDR sales to pick up from the next quarter.
Indiabulls Real Estate Mumbai residential projects has got environment nod, reports CNBC-TV18.
Coromandel Engineering Company (CECL), part of the USD 3. 8 billion Murugappa Group, is spreading its wing to Keraka and Karnataka with its new residential projects, a top company official said today.
Real estate development arm of Godrej Group, Godrej Properties (GPL) today said it has entered into a joint venture with Godrej & Boyce to develop residential projects in Hyderabad and Thane.
Shama Sunder, CFO of Brigade Enterprise, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, gave his view on the points highlighted in the report and the road ahead for their company.