Brigade Group has announced the launch of its latest initiative – Brigade Real Estate Accelerator Program (REAP). A brainchild of Nirupa Shankar, Director, Brigade Hospitality, it is an organised approach to help build sustainable and scalable businesses in sectors relevant to real estate. According to a release from the Brigade ... Read More »
The implementation of the Seventh Pay Commission recommendations this year is going to bring cheer to various segments and one of the biggest beneficiaries is expected to be real estate. About Rs.1 lakh crore of money is being released as part of the hike in salaries and an additional amount ... Read More »
The latest version is a redrawn plan after the critical citizen feedback received on the earlier draft plan last year. Though in conservative measure, and treading cautiously after the criticism of the last version, the plan has laid out several measures to increase the development potential of Mumbai. The Revised ... Read More »
We hear so frequently about the players behind Manhattan’s billion-dollar real estate projects and how foreign investors are pouring a global vault’s worth of currency into New York City property, often shielded by LLCs. It’s illuminating to get a closer look at the city’s larger real estate landscape–one that has changed ... Read More »
Investors Real Estate Trust (NYSE: IRET) (NYSE: IRETPR) (NYSE: IRET PRB) has scheduled a conference call for Friday, September 9, 2016 at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2017 financial and operating results. IRET’s quarterly report on Form 10-Q for the fiscal first quarter ended July ... Read More »
A change is coming at the end of the month in the way stock indexes are classified. Real estate, now part of the broader financials category, will go out on its own. But before you yawn and say that the change seems akin to moving the deck chairs around on ... Read More »
What is selling in New York right now? Toni Haber: From a price perspective, it’s $3 million and under, a much more brisk market. The product that’s selling more is the building that has really nice finishes. Are those mainly new buildings, or are they older and refurbished? TH: Mostly, ... Read More »
The Mumbai Metropolitan Region (MMR), a key property market, will see fewer project launches and land deals in the year ahead due to confusion over new development rules, a ban on new construction and poor preparedness for the new real estate law, builders and consultants said. The expected decline in ... Read More »
By the time it broke ground in March, Residences by Armani/Casa, a new condominium underway in Miami’s Sunny Isles Beach, already had more than 65 percent of its 308 units under contract. The planned 56-story tower, where prices range from about $2 million to more than $15 million, will include ... Read More »
Millionaires and billionaires tend to have multiple homes—three or four is average. But those figures are child’s play for a bona fide house collector, who collects property like others amass fine wine. Photo: Lisa Corson for The Wall Street Journal [Source: Wall Street Journal] Read More »
NEW DELHI: Embattled real estate firm Unitech Ltd was today directed by the Supreme Court to deposit Rs 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurgaon project but not got possession on time. “We feel pained,” a bench of Justices Dipak ... Read More »
This month, the Benami Transactions (Prohibition) Amendment Act, 2016 was notified. It intends to route unaccounted money into the financial system, and seize benami properties while prosecuting those involved with such properties. Its objective are: amending the definition of benami transactions, establishing adjudicating authorities and setting up an appellate tribunal ... Read More »
