Page 4 - Real Estate Developers

Liquidity crunch: Small realtors being forced to bank on bigger cousins

Industry experts believe more consolidation in the real estate space is on the cards and this will continue in 2020

Rs 25,000-cr fund to ease realty sector's liquidity situation: JLL India

Real estate developers are currently facing a huge cash crunch, but the situation is likely to improve with the government announcing a Rs 25,000-crore fund to complete stalled housing projects, JLL India CEO and Country Head Ramesh Nair said on Wednesday. The government should ensure that this fund is disbursed to the identified stalled housing projects quickly and in a transparent manner, he added. "There is absolutely no liquidity in the real estate market. Developers are not getting funds from the non-banking financial companies (NBFCs)," Nair said, while speaking on the sidelines of a hackathon event to select three proptech (property tech) startups. He said the NBFCs, which have been the major source of funding for real estate developers from last many years are facing liquidity crunch post IL&FS default. However, Nair said the situation is likely to improve with setting up of this alternate investment fund (AIF) with a corpus of Rs 25,000 crore. "This Rs 25,000 crore fund .

Launches in realty plunge 45% in top nine metros in Q2: PropTiger report

Overall, all top metros, except for Gurugram, witnessed a fall in number of unit launches

Unsold inventory for top real estate developers scales new high in FY19

Rises to 30 months worth of revenue, up from 24 months a year ago

NBFI funding squeeze to affect property developers the most: Fitch Ratings

Substantial bank recapitalisation to increase lending capacity could benefit NBFIs as well as real estate developers

Number of real estate developers in top 9 cities halved after note ban

Demonetisation, RERA and GST have helped consolidation in the sector

Desperate marketing

Real estate developers in Mumbai are a desperate lot, with customers shying away from new investments citing high prices. This is leading developers to try every trick in the book to woo consumers. But here's one developer which took the proverbial cake: It sent out a text message to prospective customers saying company executives would pick up and drop them from their homes for a site visit at a distant suburb, with a lunch thrown in between. As they say, desperate times call for desperate measures.