Page 14 - Real Estate
Macrotech Developers sells properties worth Rs 1,100 cr in London
Realty firm Macrotech Developers on Monday said properties worth Rs 1,100 crore were sold last month in one of its projects in London and it expects to sell all inventories before 2023-24 fiscal year. In a regulatory filing, Macrotech Developers, which markets its properties under Lodha brand in India, gave an update on the performance of its UK investments. Mumbai-based Macrotech Developers, earlier named as Lodha Developers, had made a foray into the London market in 2013 with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in prime Central London from the Canadian government for over GBP 300 million (Rs 3,100 crore). The group acquired another site in prime Central London, New Court at 48 Carey Street for 90 million pounds in 2014. Macrotech informed on Monday that prospective buyers were able to visit the site at its project, 1 Grosvenor Square for the first time since it was readied, with easing of travel restrictions to the UK for visitors from the US an
 "Macrotech Developers sells properties worth Rs 1,100 cr in London")
HC asks Supertech to pay Rs 40L to homebuyer by Oct end, Rs 17L by Nov
The court said this amount of Rs 40 lakh shall be utilised by the homebuyer for repayment of the loan
 "HC asks Supertech to pay Rs 40L to homebuyer by Oct end, Rs 17L by Nov")
China Evergrande to raise $5 billion from property unit sale: Report
Evergrande is facing what could be one of China's largest-ever restructurings
 "China Evergrande to raise $5 billion from property unit sale: Report")
WeWork India bolsters leadership team as country reopens
Curated shared workspace provider WeWork India on Monday announced key strategic appointments to the leadership team in the country
 "WeWork India bolsters leadership team as country reopens")
Flat-purchasers can't be left at mercy of builders: SC notice to Centre
The Supreme Court on Monday issued a notice on a plea seeking direction to the Centre to frame a "model builder agreement" and agent-buyer agreement in the real estate sector
 "Flat-purchasers can't be left at mercy of builders: SC notice to Centre")
SC denies Supertech plea seeking modification of order to raze twin towers
The Supreme Court Monday dismissed an application moved by Supertech Ltd seeking modification of direction to raze the realty firm's twin 40-storey towers in Noida
Home sales more than double in Q3CY21 on robust hiring, pay hike in IT/ITES
Mumbai Metropolitan Region or MMR accounted for 33 per cent of the total sales, followed by NCR with a 16 per cent share, Anarock said
 "Home sales more than double in Q3CY21 on robust hiring, pay hike in IT/ITES")
Delhi govt extends 20% reduction in circle rates till December 31
The Delhi government decided to extend the 20-per cent rebate in circle rates for three months till December 31
 "Delhi govt extends 20% reduction in circle rates till December 31")
Delhi greenest city for real estate in India; ranks 63rd globally: Report
London, Shanghai, New York, Paris and Washington DC are the world's top five green cities for real estate
 "Delhi greenest city for real estate in India; ranks 63rd globally: Report")
BS Number Wise: Home truths about Indian real estate in the pandemic
Top tenants of commercial real estate-mostly IT companies-actually added to their office stock and demand for residential space is reviving.
 "BS Number Wise: Home truths about Indian real estate in the pandemic")
Top 7 cities see 113% rise in housing sales, new launches jump: Report
Average property prices saw a 3 per cent yearly increase across the top 7 cities
 "Top 7 cities see 113% rise in housing sales, new launches jump: Report")
Housing sales up 2-fold in Jul-Sep in 7 cities on better demand: Anarock
The seven cities tracked by Anarock are Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
Godrej Properties to redevelop 7.5 acre land parcel in Mumbai's Wadala
The land parcel is situated in a marquee residential location and is in very close proximity to Matunga Five Gardens
Country and company: How China and Evergrande ascended together
The property giant's success mirrored the country's transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future
 "Country and company: How China and Evergrande ascended together")
Evergrande pain spreads to wealthy investors as more payments missed
Rich trust buyers join 70K retail investors who suffered losses and want their money back
 "Evergrande pain spreads to wealthy investors as more payments missed")
 "The changing face of the real estate sector by Shravan Gupta.")
Hines to expand realty biz in India,aim for partnership with local builders
Bullish on demand for premium housing and office spaces, US-based Hines plans to expand its India business and is targeting to form at least three local partnerships for projects across major cities.
 "Hines to expand realty biz in India,aim for partnership with local builders")
After Evergrande, China lenders hold back on credit for property developers
Carrying $305 billion in liabilities, China's second biggest property developer inched closer to a potential default on Friday by missing the deadline on an interest payment.
 "After Evergrande, China lenders hold back on credit for property developers")
Evergrande's billionaire boss Hui Ka Yan exudes calm amid crisis
Evergrande missed a dollar bond interest payment deadline this week, moving closing to a potential default.
 "Evergrande's billionaire boss Hui Ka Yan exudes calm amid crisis")
Fears grow for China Evergrande after interest deadline passes
China Evergrande inched closer on Friday to the potential default that investors fear as an interest deadline expired without any announcement from the property giant
