The government’s decision to operationalise FDI in multi-brand retail would help the realty sector as the move would create demand for retail space and boost mall development in the country, real estate developers and property consultants said.
Banking institutions have cut down on their lending to the real estate sector, according to a report put out on Wednesday by real estate consulting firm Knight Frank India.
The government plans to bring unorganised property agents and brokers under the ambit of the proposed real estate regulator, imposing stringent penalties including imprisonment on those who dupe buyers or operate without a valid registration.
Jones Lang LaSalle has a new report, Redefining Retail Investment, to coincide with the International Council of Shopping Centers (ICSC) 2012 Retail Real Estate World Summit, taking place in Shanghai this week.
MCHI-CREDAI’s 6th India Realty Expo will be held at The Cumberland, Great Cumberland Place, London, next to Marble Arch Station, Behind Oxford Street; 15 & 16 September, 10 am to 7 pm. The event has been planned so as to provide the NRI community in the U.K. with some of the most ‘happening’ real estate investment option across India’s Urbs Prima Indies – Mumbai City, suburbs and its peripheral areas including sister cities like Thane, Navi Mumbai, Dombivli Kalyan, Mira Virar among others – as also realty options from the neighbouring city of Pune and select properties from the land of Sun, Sand and Surf – Goa.
Tata Realty and Infrastructure Ltd (TRIL) is planning to raise two India-focused realty funds, including a $500 million international fund and Rs 300 crore ($55 million) domestic fund, according to reports in a section of media.
The Revenue department on Thursday, Sep 6, said it will soon come out with accounting standards for the real estate sector to bring about uniformity in reporting of financial results.
Can meat & eggs offered to God resolve realty crisis? Well, the real estate community in Coimbatore thinks so. More than 1000 members of the real estate sector, including key promoters, sought diving intervention on Wednesday, Sep 5, to bail them out of the crisis they were in, caused by decreasing demand and prices.
Realty sector in India has witnessed more than $2-billion private equity investments in the last 12 months, with investors treading cautiously, according to real estate consultancy Cushman & Wakefield.
Interest from international real estate investors in Indian real estate has been limited in 2012. India has witnessed 6% q-o-q growth in direct commercial real estate in Q1 2012, as compared to China which has seen negative growth of -45%, however China performed better in Q2 2012 on the back of one mega deal. In Brazil, investment volumes seem to be reaching a more ‘normalised’, sustainable pace following the supercharged 2010-2011 period.