Page 47 - Real Estate

Moody's cuts Mumbai Trump Tower builder's rating over debt obligation

Macrotech Developers, earlier known as Lodha Developers, has been cut by one step to Caa1.

Housing inventory of 15 months in Bengaluru, 44 months in Delhi-NCR: Report

Unsold inventory overhang indicates the number of months it will take for the current unsold housing stock to get cleared in the current market scenario

Rs 1,500 crore needed to complete stalled projects in Mumbai region: Study

As many as 55,000 buyers have been affected by stalled projects in Mumbai Metropolitan Region and are awaiting completion of these projects

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 .

Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

A chief executive of PE fund who did not want to be quoted said it would take six to eight months to close the fund and start disbursing

Realty check: Current rates and unit sizes in Rs 2-2.5 crore price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Moody's lowers Macrotech Developers' rating again, this time to Caa1

The earlier B3 rating was itself a downgrade, by Moody's this August, and indicating hightened credit risk

Premium realty players flock to affordable housing as prices rationalise

Brigade Group, which has built luxury homes and villas, announced its entry into affordable housing last year

The Indian middle class needs to learn that house prices can fall too

If you want to fix the housing sector, fix the market for houses - don't try to bail out projects, developers, banks or homeowners

DLF April-September sales bookings in H1FY20 up 16% at Rs 1,425 crore

DLF, the country's largest real estate firm in market capitalisation, had achieved sales bookings of Rs 1,225 crore in the same period a year ago

PE investors see profit in India's troubles in shadow banking, real estate

Four foreign pension plans have committed between $100 million and $400 million each to private-equity funds investing in India since Sept. 2018.

Despite stalled projects, India ranks second in number of affordable homes

According to the survey, China tops the list with 74% of polled Chinese saying they can buy homes

The realty: Rs 25,000-crore fund can only help 6% of stalled constructions

New program announced by Finance Minister Nirmala Sitharaman on Wednesday is an improvement on a $1.4 billion real-estate corpus announced in September.

SBI funding to real estate projects an opportunity to 'Buy' post correction

Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in this AIF while SBI & LIC would provide Rs 15,000 crore, taking the total size to Rs 25,000 crore

A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector

While the government will act as a sponsor with its Rs 10,000-crore initial contribution to the category-II AIF, SBI and LIC will provide an additional Rs 15,000 crore for the fund

Fresh funds likely to help housing projects move out of 'stuck' status

The completed and sold projects will start the repayment cycle, reducing bad loans.

Boost for realty: Govt, SBI, LIC create Rs 25k-cr fund for stalled projects

Move comes a day after Finance Minister Nirmala Sitharaman announced the government was readying more reform measures to boost economy

Govt working with RBI, reworking laws to help distressed home buyers: FM

She said many sovereign funds are interested in the real estate sector of the country and want to work with the government.

Housing sales dip over 9% in Q2 as slowdown weighs on buyers' sentiment

This is the fourth such report that has shown fall in housing sales during the third quarter of the 2019 calendar year

Consumer complaints should go to RERA before NCLT, say builders

About 450 real estate companies/projects across the country are facing insolvency proceedings under IBC because of default in the delivery of projects to homebuyers as well as repayment of bank loans