NEW DELHI: Union government on Monday notified Real Estate (Regulation and Development) (General) Rules, 2016 which stipulate real estate developers furnish additional information regarding the ongoing projects besides depositing 70 per cent of unused funds in a separate bank account to ensure their completion. Under the new rules, the developers ... Read More »
It could be the hottest outgrowth of the pot-conomy — highly lucrative for both investors and cannabis companies. The industrial real estate that houses pot production is in high demand, and it is about to become the first opportunity for investors large and small to get in on marijuana. How? ... Read More »
Real Assets said it would continue the construction of its ’22 Bishopsgate’ project in London’s financial district, despite the uncertainty following Britain’s vote to leave the European Union. The real estate asset manager, a unit of AXA SA, said the project has a target completion date of 2019. Since the ... Read More »
New Delhi/Mumbai: E-commerce companies Amazon India and Flipkart Internet Pvt. Ltd’s search for an extra 600,000 sq.ft of warehousing space in Mumbai and the Max Group’s plan to build what it calls India’s No. 1 corporate office point to increasing action in India’s commercial real estate market. Amazon India is ... Read More »
An investment club for the ultra-rich has revealed its members’ are sticking with real estate and private equity amid a dwindling appetite for hedge funds. A survey by TIGER 21, whose 400 members count a collective $40 billion in assets under management (AUM) between them, shows a 28 percent average ... Read More »
The Swiss bank is starting a new business that will help investors capitalize on reduced property prices after a two-year recession, the firm’s Brazil chief executive officer, Sylvia Coutinho, said in an interview in Sao Paulo. Specialized consultancy Real Estate Capital will work exclusively with the team, and REC CEO ... Read More »
Dussehra, an auspicious day for homebuyers to book apartments, gave hopes to builders who have seen a slowdown for the last few years. The sales, although not very significant, have encouraged the realty estate market. Builders’ announcement of sops and incentives such as discounts, freebies such as vehicles, gold coins ... Read More »
It is premature to imagine that the real estate regulator which comes into existence, as and when the Real Estate (Regulation and Development) Act is notified, will act as a panacea for all the ills of the realty sector in India. There is no reason why doubts shouldn’t rise on the ... Read More »
Hong Kong tycoon Cheng Yu-tung, the patriarch behind the Chow Tai Fook jewelry chain and a global real estate empire that includes New York’s Carlyle Hotel, died Thursday. He was 91 years old. Mr. Cheng “died peacefully” with family by his side, according to a statement from New World Development ... Read More »
Gurgaon-based DLF has been ranked India’s most reputed real estate brand followed by Godrej Properties and Lodha Group in second and third places respectively, according to a report. The study conducted by BlueBytes in association with TRA Research (both part of the Comniscient Group), features Hiranandani Developers at the fourth ... Read More »
Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2.0-$2.5bn real estate project in Kuwait, which has been downsized by around half from its original estimated cost. The mixed-use project, which had previously been valued at $5bn, was scaled down after ... Read More »
Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2 billion to $2.5 billion real estate project in Kuwait. Banks will provide financing for half of the project, with KIPCO funding the remainder directly, said Tawfiq al-Jarrah, executive director of Hessah ... Read More »
