Propstack Insights: 30% decline in loan sanctioned to developers in Q4 2018
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Tag Archives: Property Transaction
These Asian Cities Offer The Best Property Bargains Of 2017
Asian investors are looking to diversify their property exposure outside of the region. Not only is India the world’s fastest-growing major economy, it may also offer Asia’s best real-estate investments next year. A survey has ranked Bangalore and Mumbai as the region’s top picks, vaulting both cities to lead a table of 22 Asian markets.… Read More »
Slash stamp duty to clean up real estate sector: Assocham
To further intensify the crackdown on black money, Assocham has suggested the Centre to impress upon states to “drastically” lower stamp duty on residential and commercial property deals to dissuade people from undervaluing purchases. The industry body said that the biggest beneficiary of the move would be buyers of residential or commercial properties. “One of the… Read More »
MPS Group announces Kerala projects
MPS Group on Saturday announced multiple projects in the residential and commercial segments of property development in Kerala. The biggest project is a convention centre at Thiruvananthapuram, with a built up area of 2.5 lakh square feet. “This will be developed on 14.5 acres of land we are holding at Vazhamuttom, on Thiruvananthapuram-Kovalam stretch,” said M… Read More »
RERA will bring in transparency, reduce litigation, boost FDI in real estate
The recently cleared real estate regulatory act (RERA) will bring in transparency in real estate transactions, reducing the number of litigations in the sector, according to a survey-based report by FICCI and Grant Thornton. Respondents of the survey ‘Real Estate Regulation Act, 2016 (RERA) – Are we ready?’ also felt that the new act will… Read More »
Elan group buys 7 acres in Gurgaon from Suncity for Rs 120 crore
Realty firm Elan group has bought 7 acres of land in Gurgaon from Essel group’s Suncity Projects for about Rs 120 crore to develop a commercial project. The company will invest another about Rs 400 crore on construction of this mixed-use commercial project comprising a total developable area of 1.3 million sq ft. “We have purchased 7… Read More »
E-commerce share in Bengaluru office market plunges 95%
Space rented by e-commerce players in Bengaluru fell a steep 95% to 1,40,000 sq ft in the first half of 2016 over the same period last year. Just four transactions were reported with online travel portal MakeMyTrip and online bus tickets platform redBus being the two companies that leased out office space, according to a… Read More »
Commercial space rentals on gradual rise in Kolkata, aided by 20% spurt in transactions
Commercial space rentals are on a gradual rise in Kolkata, thanks to a 20% spurt in transactions in the last two quarters. The average deal size remained low at 7,500 sq ft in the upcoming business locations and industry experts predict a 5-10% surge in rentals in the next six months at prime locations such as… Read More »
Centre gives approval to fund World Trade Centre project in Hyderabad
The plans of the TS government to set up World Trade Centre in Hyderabad along the lines of Mumbai and Bengaluru got a boost on Monday with the Centre giving in-principle approval to fund the project. With this, Hyderabad will join the global network of World Trade Centres, a hub for international businesses. It will be… Read More »
Private equity firms invest $ 3.1 billion in Jan-Mar: PwC
Private equity investments in January-March amounted to $ 3.1 billion through 160 transactions, registering a moderate 2 per cent decline in terms of deal value over last year, says a PwC report. In comparison with the year-ago period, there was a considerable decline of 24 per cent in terms of deals numbers. January-March 2015 quarter had seen… Read More »