Page 31 - Real Estate

Prestige Estates, Century in talks to develop Rs 600-crore property

Bengaluru asset has a development value of Rs 12,000-14,000 crore

Real-estate investors face gloom as world CFOs prepare to downsize offices

Hundreds of corporate executives tracked in earnings calls around the world in the past five months addressed the urgency to cut real-estate costs

Pent up demand for residential properties to drive sales for few more qtrs

Both developers and fund managers believe that residential has rebounded better than commercial properties

Embassy Office Parks REIT to float QIP, may raise up to $600 million

Floor price of Rs 348.38 per unit approved

RoDTEP rates not decided, MEIS for exports may continue till end-March 2021

Any registered user under GST who wishes to generate IRN needs to register on e-invoice system using his GSTIN

India slips to 54th rank in home price appreciation: Real estate group

In the performance compared to previous quarter (Q2 2020), the ranking remains unchanged to 54th spot among the 56 countries and territories tracked in Q3 2020 index

Barclays rethinks real estate push in India, other places to cut costs

Barclays isn't the only lender that is trying to take its real estate costs down at a time of squeezed profitability

Blackstone, Brookfield bet on Indian office REITs for attractive yield

Brookfield Asset Managem­ent in October agreed to pay $2 billion for 12.5 million square feet of rent-yielding offices and co-working spaces in Asia's No 3 economy

Reliance now a key player in realty space with Rs 40,000-cr assets

Corporate parks, commercial complexes in Haryana, Maharashtra find takers

Mindspace REIT to raise up to Rs 200 cr through debentures issue

Mindspace Business Parks is India's second REIT (Real Estate Investment Trust), and got listed this year after a successful launch of public issue of about Rs 4,500 crore.

$1.5-billion deal of Blackstone-Prestige Estates gets CCI approval

Valued at $1.5 billion, this is one of the largest real estate deals in the country comprising the sale of 21 million square feet of assets

Godrej Properties hits record high after it buys land parcel in Bengaluru

The Mumbai-based real estate developer said it has bought 18-acre land parcel to develop a residential project in Whitefield, Bengaluru

After NCR, DLF to delve into Mumbai, Chennai residential-property markets

The developer started concentrating on Delhi-NCR after selling some of its land parcels in cities such as Mumbai in 2012 to reduce debt.

Investment in house on discounts ideal for high net worth individual now

Demand has been lacklustre and prices have not moved up much in the past few years

Will exercise first refusal on Hines stake in Gurugram property: DLF

Blackstone, Brookfield, Allianz make ₹2,000-crore bid for the property

Phoenix Mills signs term sheet with GIC for mixed-use retail platform

The assets include Phoeix Mills' Mumbai (Kurla), Pune malls and Mumbai (Kurla) offices having a total leasable area of 3.36 million sq ft

Commercial real estate in NCR may report growth in Oct-Dec on better demand

The commercial real estate sector of the National Capital Region is likely report growth in the current quarter (October-December) on the back of improved demand, said a report by 360 Realtors

Only Bengaluru office market among top cities that may see rents go up

In the APAC region, industrial investment share of commercial transaction volumes increased by 50 per cent in 2020

Embassy bets big on ready-to-move luxury homes after selling 75% inventory

Looks to sell balance 25% in 1-2 years, says will get the structure of future projects ready before marketing so that customer get touch-and-feel

Bengaluru office mkt to see rent spike; Mumbai, Delhi stable: Knight Frank

Bengaluru has low vacancies that will enable absorption of upcoming supply. Its rentals are lower than global markets and its large talent pool should help quicker market revival