MP government to organise realty summit
Track2Realty-Agencies: The Madhya Pradesh government is organising a real estate summit early next year to give a fillip to the urban infrastructure, Chief Minister Shivraj Singh Chouhan has said.
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FDI in real estate will propel India to ranks of China, says billionaire NRI Bob Dhillon
Track2Realty-Agencies: Billionaire Indo-Canadian landlord Bob Dhillon, who is on the Canadian Prime Minister’s entourage currently visiting India, said India can be a developer’s dream because of so many factors. The Japan-born, India-educated businessman also said he “will be the first person to invest in India,” if the country “now goes for the kind of reforms it has just announced for FDI in retail.”
Realty regulator must end windows of corruption, says CREDAI
Track2Realty: Calling for an end to a series of windows of corruption, developer apex body CREDAI has suggested the proposed Realty Regulator should also work for minimizing the human interface in the process of granting clearances and registrations.
Real estate disappointed at holding of rates
Track2Realty-Agencies: Realty firms and property consultants have expressed disappointment over RBI’s decision to keep key policy rate unchanged and said it was the right time to bring down the borrowing cost for home buyers as well as developers.
Jones Lang LaSalle to launch new real estate fund
Track2Realty-Agencies: 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.
PE players increasing focus on residential realty deals
Track2Realty-Agencies: Demand & supply mismatch is proving to be the burden for developers now, at least in the funding market. Most of the PE deals in the year so far has fallen into residential projects. PE players are investing in projects for shorter duration and with better cash flows.
Cabinet to discuss bill to regulate realty today
Track2Realty-Agencies: The Union Cabinet on today, Oct 25, is likely to discuss the bill to regulate the real estate sector and also protect the interests of home buyers.
Sharad Pawar family accused of real estate scam
Track2Realty: Former police officer turned activist Y P Singh has alleged that Union Agriculture Minister and Nationalist Congress Party Chief Sharad Pawar was centre of real estate scam. At the same time he criticised Arvind Kejriwal for concealing information about a massive scam in Maharashtra because he was selective about which politicians he targets. He also attacked Kejriwal for his expose against BJP Nitin Gadkari while sparing Pawar.
Azure launches Rs 250 cr realty fund for 7 cities
Track2Realty-Agencies: Azure Capital, the promoters of India Realty Fund I, launched its India Realty Fund-II (IRF2), a rental yield fund that focuses on commercial properties across the top seven cities of India. The size of the fund is Rs 250 crores with an additional Green shoe option of Rs 250 crores aggregating to Rs 500 crores.
Delhi retail rentals rise, South Extension up by 20% and Karol Bagh by 7%: Report
Track2Realty: In NCR’s retail market, the high street of South Extention (I&II) registered a growth of approximately 21% increase in rental values over the previous quarter, followed by Karol Bagh which registered a growth of 7% in the same period. Khan Market, remained India’s most expensive retail destination with a rental value of INR 1,250/ sf/mth which was higher by 2% over the last quarter. These are the findings of the latest report released by Cushman & Wakefield.