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How to invest in real estate to build long-term wealth

Real estate can be a very lucrative investment, but it requires a huge time commitment, patience, and most importantly, cash. While there are options for novice investors to get into real estate, the big returns are found in the big investments – for example, buying and…

Cars, trucks worst hit as auto sales race downhill in May

Tumbling auto sales in May reinforce the gloom surrounding auto firms. Data released by the Society for Indian Automobile Manufacturers Ltd on Tuesday showed a drop in domestic wholesales numbers across segments. This reinforces a weak demand sentiment in the market, even as it implies high…

Embassy buys 14% in Indiabulls Real Estate in bulk deal

MUMBAI: Embassy Property Developmentson Friday bought an around 14% stake in Indiabulls Real EstateNSE -2.93 % from its promoter through a bulk deal on the stock exchanges. The deal is part of a three-stage transaction under which a Blackstone Group-Embassy alliance will be acquiring Indiabulls group chairman Sameer Gehlaut’s…

Is there value in packaged tours or should you DIY?

If you’re planning your next big vacation, one key decision would be: whether to plan your own itinerary or choose a package offered by a tour operator. Many travellers, especially millennials, prefer to plan on their own. Sushant Satish, 27, a Delhi-based marketing professional, who designed…

Blackstone to buy GLP’s US warehouse assets in largest real estate PE deal

Blackstone Group LP is buying U.S. industrial warehouse assets from Singapore-based logistics provider GLP for $18.7 billion, in what the companies said was the largest private real estate transaction. Blackstone, the world’s largest manager of alternative assets, said on Sunday the overall transaction totaled 179 million…

Real estate sector in Karnataka will boom by 2020: CREDAI

India’s real estate sector, which includes the housing, retail, hospitality, and commercial sub-sectors, is one of the largest contributors to jobs in the country. According to a recent press release by Confederation of Real Estate Developers Association of India (CREDAI), the real estate sector in India…