Page 9 - Real Estate

Shyon Keoppel's SKventure Is Making Waves And Disrupting Important Brands

.

WeWork India turns profitable on top line of Rs 800 crore in Jan-Nov

The flexible office space start-up had entered India in July 2017 through a franchise model with Bengaluru-based property developer Embassy Group

Tata Realty and Infrastructure looks to launch REIT after 2-3 years

Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets. In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Sanjay Dutt said the company has 7 million square feet of rental commercial portfolio, almost all are office assets, and it is making huge investments on expansion. On Saturday, Tata Realty announced an investment of Rs 5,000 crore over the next 7-8 years to develop a 7 million square feet IT park project in Navi Mumbai in partnership with UK-based investment firm Actis. Asked whether the company would at some stage look at floating REIT public issue, Dutt said: "We will. We already have 7 million square feet. So, technically we can do it (REIT) today." "But we are thinking that over the next 2-3 years once we scale up our

China's property distress sours steel sector in warning sign for economy

Steel's acute sensitivity to the ebbs and flows in construction and manufacturing makes it a closely-tracked bellwether for China's economy, which has started to slow down from the second quarter.

Evergrande declared in default by S&P for failed coupon payments

S&P Global cut Evergrande to "selective default" over its failure to make coupon payments

China's Shimao plans to repay publicly issued debt due in Q4: Report

Shimao saw sharp falls in its shares and debt earlier this month, triggered by worries over an asset sale and cancelled apartment deals.

Godrej group PE arm GFM raises $500 mn to build premium office buildings

Godrej group's real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets.

China finance minister urges deeper property tax reforms: Report

China's property market has been a key driver of the country's economic growth, but it has been hit this year by tighter regulations and a liquidity crisis

Adani's realty unit in talks to buy debt-laden Ozone group, says report

Adani's 10-year-old developer arm will be taking over the debt of Ozone which has been struggling to repay creditors.

Best of BS Opinion: Real estate sector, employment in India, and more

Here are the best of Business Standard's opinion pieces on Tuesday

The shovel returns

Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now

Street Signs: Realty stocks back on radar, Data Pattern shares, and more

Shares of Mirza International, the company that owns Red Tape brand of shoes, soared over 60 per cent in the past one month

Real estate demand at pre-Covid levels, outlook remains positive: Analysts

Analysts say the trend is expected to continue during the upcoming year

No impact of Omicron variant so far on property market: CREDAI

Realtors body CREDAI on Friday said that there has been no impact of the new Omicron variant on the property market so far and growth in sales volumes is likely to continue. "There has been no significant impact of the new Omicron variant on India's realty market and the growth momentum post festive sales is expected to continue," CREDAI said in a statement. As many as 25 cases of Omicron variant of COVID-19 have been reported so far in India. For the time being, CREDAI said it is not expecting any disruption in project construction pace. The deliveries of projects will also remain unaffected unless there is a significant rise in the infections in the months to come. Credai President Harsh Vardhan Patodia said: "Developers have learnt from the previous two waves of the pandemic and are fully prepared to manage any disruption pertaining to supply chain and labour supply to a large extent." He urged the government to exempt real estate and construction from any future lockdowns or .

India's real estate sector expected to see healthy demand in 2022: Report

Demand for office to rise as top IT companies increase hire; flexible spaces to have a good year in 2022, says Knight Frank's '2022 Outlook Report'

Low interest rate regime on home loans to continue: Realtors on RBI policy

Realtors welcomed the Reserve Bank's decision to keep key policy rates unchanged

China Evergrande hits new low on default worries; Kaisa misses pay date

Bondholders owning over 50% of the notes in question sent the company draft terms of forbearance late on Monday

China Evergrande's debt deadline lapses; Kaisa Group adds to woes

With more than 1,300 real estate projects, Evergrande was once China's top property developer

Realtors buy 1,361-acres land since July 2020 across 7 cities: Anarock

Many developers and entities closed around 45 separate land deals, including outright purchases and joint developments

Shriram Properties fixes IPO price band at Rs 113-118 per share

The three-day initial public offering (IPO) will conclude on December 10, the bidding for anchor investors will open on December 7