RE Fund Europe has been noted as a leader within digital securities for months now. Unsurprisingly, it is a European nation, Liechtenstein, in which a new tokenized real estate based fund has been launched. The development of said fund was possible through the collaboration of two companies – Token Factory and Bank Frick. Bringing to the Table In this [...]
January 22, 2020
Loknath Das
Real Estate
Attorney General KK Venugopal told the Bench that the government was agreeable to revisit its 2017 proposal to take over the management control of Unitech and complete the projects so as to bring relief to around 30,000 hassled homebuyers. Accepting the government’s proposal to take over the management control of embattled realtor Unitech, the Supreme [...]
January 21, 2020
Loknath Das
Real Estate
In a time when social media informs and influences us on everything — from fashion to food, politics and furniture, choosing a home via Instagram no longer seems far-fetched. And real-estate developers have sensed this. Many are tying up with beauty bloggers and lifestyle influencers to promote new projects, site visits and sample flats, all [...]
January 12, 2020
Loknath Das
Real Estate
As turmoil continues to mount in Hong Kong and beyond, Chinese investors have fixed their gaze on the American real estate market to secure their assets. Although overall, New York City remains one of the most attractive locations, investors are not necessarily looking at condominiums and co-ops in distinct real estate markets like Manhattan. Instead, [...]
January 4, 2020
Loknath Das
Real Estate
NEW DELHI: Realty shares were trading in the positive zone in Friday’s morning session. Shares of Indiabulls Real Estate Ltd. (up 2.45 per cent) , Phoenix MillsNSE 1.49 % Ltd. (up 2.26 per cent) , Oberoi RealtyNSE 2.95 % Ltd. (up 1.84 per cent) , Prestige Estates Projects Ltd. (up 1.78 per cent) , Godrej Properties Ltd. (up 1.26 per cent) [...]
December 14, 2019
Loknath Das
Real Estate
With a wealth of Rs 31,960 crore, Mumbai’s Mangal Prabhat Lodha and the family of Macrotech Developers retain the top spot as the country’s richest real estate developer. New Delhi’s Rajiv Singh of DLF secures the second spot with a wealth of Rs 25,080 crore, according to the GROHE Hurun India Real Estate Rich List [...]
December 10, 2019
Loknath Das
Real Estate
MUMBAI: Real Estate developer NirlonNSE -1.16 % today signed a long-term leave and license agreement with J.P. Morgan, the global banking and financial services provider, for premium office space at Nirlon Knowledge Park (NKP) in Mumbai. “Moving to Nirlon Knowledge Park helps us consolidate most of our offices in Mumbai into one location,” said Kalpana Morparia, Chairman, South and Southeast [...]
December 6, 2019
Loknath Das
Real Estate
More than a year ago, future of the real estate market in India was believed to be promising following the implementation of Real Estate (Regulation and Development) Act, 2016 (RERA). The best part of this Act is that it envisages safety to the buyers and its implementation immediately led to fall in property prices in [...]
December 4, 2019
Loknath Das
Real Estate
. Jatin Khemani Whether it is real estate as physical assets or as stocks, there has been a lull for many years now. Will the two always move in tandem? Can real estate stocks do well even without real estate assets picking up? Before that, let’s understand why the real estate business and stocks are [...]
November 19, 2019
Loknath Das
Real Estate
Shares of Indiabulls Real Estate Ltd (IBREL) on Monday climbed 5 per cent after the company reported nearly fourfold jump in consolidated net profit for the second quarter of the current financial year. The company’s scrip gained 4.04 per cent to close at Rs 76 on the BSE. During the day, it zoomed 4.99 per [...]
November 12, 2019
Loknath Das
Real Estate
The Centre has come up with a ₹25,000 crore bailout package for the troubled real estate sector. The Centre will contribute ₹10,000 crore, while the rest is likely to come from banks and the Life Insurance Corporation of India. Will this fund help India? Mint takes a look. 1) What’s the idea behind the bailout package? The idea is [...]
November 11, 2019
Loknath Das
Real Estate
US-based real estate technology company Compass on Tuesday announced plans for a new technology hub in Hyderabad with a strength of 200 engineering, product and design professionals. To be located in Hyderabad’s Hitec City, the new Compass tech hub will focus heavily on mobile applications. Compass said Jaideep Ganguly will lead the Hitec City operation [...]
November 6, 2019
Loknath Das
Real Estate