Real Estate Blogs

City's office space mkt witnessed moderate demand in Sept

The office space market in Bangalore witnessed a moderate leasing activity during September as against August this year. IT / ITeS sector continued to account for majority of the leasing activity, followed by the BFSI sector.

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Jones Lang LaSalle to launch new real estate fund soon

Property consultancy firm Jones Lang La-Salle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth . 300 crore will be launched soon in the domestic market.

Capital market regulator Securities & Exchange Board of India ( Sebi) has approved the proposed fund, which will be a close-ended one with a six-year tenure.

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Real estate body Credai urges Eco Ministry to speed up clearances

The Confederation of Real Estate Developers Association of India has urged the Government to do away with “antiquated laws” in the interest of urban development and housing.

The developers’ apex body Credai strongly advocated a pragmatic and practical approach by all government departments, particularly the Environmental Ministry, to address the chronic housing shortage.

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Why is realty sector seeing sudden churn at the top?

The crunch-hit real estate sector is experiencing top-level churn, after long.

The managing directors of at least two real estate companies -- Indiabulls Real Estate and Peninsula Land -- quit recently. So did the real estate heads of two property funds, Indiareit and Everstone Capital. They are either moving to other realty companies, starting their own ventures or shifting streams to join consultancies.

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PE players tweak investment strategy for real estate

Jones Lang Lasalle's latest release, Finding Real Value in a Course Correction, highlights how private equity players have made a sustained change to their investment strategy and developers have modified their development mechanics to ensure value creation for their investors and partners during uncertain times. The report also looks at the changing roles that banks and the government could play leading to better asset creation.

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Real estate sector needs to get industry status, says Amrapali Group CMD Anil Kumar Sharma

The real estate sector has always been in the news. However, recently the sector made headlines for all the wrong reasons.

In the last few months the real estate sector has been linked to one controversy after another and has thus shaken the confidence of investors as well as home buyers.

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Indiabulls Real Estate to launch several projects outside Mumbai

Indiabulls Real Estate Ltd is set to launch as many as seven projects outside Mumbai in the remaining part of 2012-13, a move that could help the company hedge against the over-exposure to its core market.

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Plywood industry hit by real estate slump

The plywood industry has been hit by the slump in the real estate industry, which is a significant source of demand for plywood. The industry is also having a hard time holding its own against cheap imports from China.

The Indian plywood industry has estimated annual revenues of Rs 25,000-30,000 crore, and is dominated by unorganised players.

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Risk of going overboard on real estate

Property investment has seen a big spurt in recent years in India. After the initial euphoria cooled off a bit with the crisis in 2008, interest in properties as an investment picked up again in 2010-11 and continues. Property has given fabulous returns in the last decade or so and in many geography prices have gone up by anything from 3-4 times to 10 times.

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Sun-Apollo to invest up to $50 mln in Sobha Developers-sources

Private equity firm Sun-Apollo will invest up to $50 million in projects developed by Indian real estate company Sobha Developers, sources with direct knowledge of the matter told Reuters.

The investment will be on a project basis, and Sun-Apollo will invest 20-25 percent of its commitment in the first project, one of the sources said.

Executives at Sobha and Sun-Apollo could not immediately be reached for comment.

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