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.
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.
Track2Realty: The first three quarters of 2012 witnessed a fall in the quantum of private equity investments in the real estate sector. The private equity investments is recorded at INR 35 billion which is approximately 15% lower than same period last year. The total number of private equity transactions till date in 2012 is 23, marginally lower when compared to same period last year. These are the findings of the latest Investment market report from real estate consultancy Cushman & Wakefield, India.
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.
Track2Realty: Jennifer Layke is the Director of Johnson Controls’ Institute for Building Efficiency, a global initiative to provide information and analysis of technologies, policies, and practices in high performance buildings and smart energy systems from a practitioner’s perspective. She leads the Institute’s research agenda and collaborations with a network of global experts on topical areas including commercial building efficiency, smart buildings & the smart grid, green building design, and renewable energy technologies.
Track2Realty-Agencies: The preferred asset for Indian investors is real estate sector, followed by gold and silver, a survey today said. “The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in real estate market followed by gold and silver,” the survey of PHDCCI said.
Track2Realty-Agencies: The Vishakhapatnam Urban Development Authority (VUDA) has issued notices to four firms here on Friday, Oct 5, for violating the rules. VUDA issued notices to Bommarillu Farms & Villas India Limited for development and marketing a layout of 15 acres without necessary permission in the name of Kotha Bangaru Lokam in Kumarm village in S Kota mandal of Vizianagaram and imposed a penalty of Rs 6.21 lakh.
Track2Realty-Agencies: The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone Group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy Group having joint control over an entity engaged in the business of development and management of commercial and office space and related activities.
Track2Realty-Agencies: With an aim to showcase properties across Nashik under one umbrella and provide buyers the opportunity to purchase real estate in Nashik the Confederation of Real Estate Developers’ Association of India (CREDAI) has organised a mega realty expo called ‘Shelter’ in the city from December 20-23.
Track2Realty-Agencies: Reliance Portfolio Management Services, a part of the Anil Dhirubhai Ambani Group-owned Reliance Capital, plans to launch its maiden realty-focused fund by end-2012, with commitments of Rs 1,000 crore.