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The repo rate hike by the Reserve Bank of India (RBI) by 25 bps seems to have spoiled the festive spirit of the real estate sector.
Hiranandani Group on Friday, September 16, announced it was setting up a 200-bed multi-specialty hospital in Thane city, expected to be operational in the next two years.
The Royal Institution of Chartered Surveyors (RICS), which set up its India operations nearly three years ago, has now formed a new world region ‘RICS South Asia’ as it looks to strengthen its presence in the Asian subcontinent.
The Sahara group on Thursday, September 15, said the Law Ministry had last year taken a view that the Securities and Exchange Board of India (SEBI) did not have jurisdiction over unlisted firms.
Jones Lang LaSalle has announced plans to enter the real estate market in Sri Lanka.
Kick-starting a Consumer Redresser Mechanism, The Maharashtra Chamber of Housing Industry (MCHI), the representative body of real estate industry, has decided to enforce a “Code of Conduct.” among its developer members.
Mayfair Group of hotels, the largest premium hotel chain in eastern India, has acquired the Palm Beach property of the Oberoi Group located at Gopalpur in Orissa at a cost of Rs.10 crore.
Sahara India Real Estate Corporation had garnered investments from over 2 crore investors through three separate securities, according to an affidavit the company filed on Wednesday, September 14.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.
Private equity investment in India’s real estate sector declined by around 20.2% to $831 million (about Rs.3,740 crore) in the first five months this fiscal due to sluggish demand.