Was RBI maintaining the status quo on rates entirely unprecedented in light of the rising inflation? Could there be some countercyclical measures on the anvil? With regards to RBI’s decision, we were a little surprised. We do note that inflation has moved up due to food…
While GST is pushing consolidation in other sectors, it is happening faster in the real estate sector because of the implementation of another landmark reform, RERA. Organised players benefit naturally because GST and RERA make it difficult for smaller players to do regulatory arbitrage. While RERA is fully implemented in Maharashtra, it…
The Zurich Airport International AG, on November 29, was selected as the concessionaire for developing the greenfield Jewar airport in the NCR region. Jewar Airport or the Noida International Greenfield Airport, will come up in 5,000 hectare area when fully constructed and is estimated to cost…
The Rs 25,000 crore alternate investment fund announced by the government for the real estate sector to help complete the stalled housing projects is a step in the right direction but is not enough to solve the crisis, said Samir Jasuja, co-founder of PropEquity. “I do…
Sam Zell, the real estate mogul, has acquired oil assets across the United States at ‘fire-sale’ prices, as U.S. drillers sell assets to raise cash which is scarce in the oil patch these days, the billionaire told Bloomberg TV in an interview on Thursday. Zell, founder and chairman…
Nirmala Sitharaman and Sebi chairman Ajay Tyagi ring a bell to conclude the silver jubilee celebrations of the NSE in Mumbai on Tuesday(PTI photo) AddThis Sharing Buttons The government is likely to offer incentives to the real estate sector and is engaged in discussions with the…
Dilution of provisions by RERA has left many ongoingprojects out of the ambit of the authority. REPRESENTATIVE image Real estate in the country was known for its notoriety prior to the real estate regulator coming into force. The situation in the real estate market remains as grim…
Private equity investment in the real estate sector rose 19 per cent to Rs 39,182 crore during the first nine months of this calendar year as foreign investors continued to acquire commercial complexes, property consultant Cushman & Wakefield said. Private equity (PE) investment in the corresponding…
In a bid to cut down red-tape, the Madhya Pradesh government on October 15 brought down the number of the documents to be submitted by developers for their projects to 5 from 27 under the Real Estate Policy 2019. The policy along with several other proposals…
Motilal Oswal Real Estate or MORE, the real estate private equity arm of Motilal Oswal Group, has exited a project of listed firm Kolte Patil Developers at Rs 105 crore, the company said in a statement. MORE had invested Rs 58 crore equity money in the…