GOA: The Income Tax Department carried out a search operation on Thursday covering six premises of two groups involved in the sale-purchase of hotel resorts at Goa. One of the groups covered currently owns a large property at Goa on which a 5-star resort project is being built. The group is engaged ... Read More »

New Delhi: Bengaluru-based Embassy group has no immediate plans to increase its stake in Indiabulls Real Estate Ltd from the current nearly 14 per cent, the company’s CMD Jitu Virwani said. “There is no plan right now,” Virwani told PTI when asked about the company’s plan to raise stake in Indiabulls Real ... Read More »

Realtors are now depending on ‘properly utilization of space’ to come up with units that will appeal to the buyers. Real estate is coming back on track, thanks to the multiple policy decisions taken by the government recently. The sector seems to have left the tougher times behind and is ... Read More »

The Modi government for the last few years has been doing its best to give a boost to the sagging realty market. Real estate is in limbo. Not only now, but for a long time. Probably from the time the economic downturn began in 2008. Anyway when the global financial ... Read More »

SAN FRANCISCO (GLOBE NEWSWIRE) — Zephyr Real Estate’s civic-minded agents once again step up to give back to their community. Last Saturday. Andrew Roth, Greg Ulin and Holly Welch helped organize the annual Greenbrae Picnic in the Park. The lead sponsors of the event were the Greenbrae Property Owners Association and ... Read More »

Default by real estate-focused non-banking financier Altico Capital indicates the rising cash crunch with the developers, which is credit negative for banks given their exposure to the realty sector, warns a report. Poor liquidity had last week forced Altico Capital to default on an under-Rs 20-crore scheduled interest payment on an ECB loan from ... Read More »

The fund will be professionally managed by experts who will examine the projects that can get funding. The government will set up the Rs 20,000 crore fund to provide last mile funding to the stuck housing projects on the lines of the National Investment and Infrastructure Fund (NIIF). The fund ... Read More »

BL Research Bureau At a time when the real estate sector is in doldrums with the S&P BSE Realty index declining 4 per cent in the last year and 2 per cent in the last six months, Embassy Office Parks REIT (real estate investment trust) has given nearly 24 per cent return ... Read More »

Motilal Oswal Real Estate, the real estate private equity arm of Motilal Oswal Group, has made over Rs 525 crore of exits across seven investments through its India Realty Excellence Fund II and India Realty Excellence Fund III. These exits have been made in projects of developers such as Casagrand Builders in Chennai, ... Read More »

Homeownership is considered a core part of achieving the American Dream. However, that achievement is slipping out of reach of many Americans these days. U.S. homeownership has been at record lows throughout this decade. More Americans are renting as a response while managing with stagnant wage growth. The path to ... Read More »

Home Minister Amit Shah on August 5 proposed the scrapping of Article 370 that accords special status to Jammu and Kashmir. The Centre informed Parliament that the state of Jammu and Kashmir (J&K) would be bifurcated into two Union Territories (UTs) – Jammu and Kashmir would become a Union Territory ... Read More »

Arizona State Retirement System intends to invest $2.7bn (€2.4bn) in real estate over next the four years to enable it to reach its 20% allocation target. In a board meeting document, the $38bn US pension fund’s consultant RCLCO Real Estate Advisors said part of the plan would involve the selling ... Read More »