Real estate-focused private equity (PE) funds, which have seen falling returns in last three years, are now finding it hard to raise liquidity for the new funds in the sector. Sachin Dave
reports. Not so many happy returns
Get furniture free in your flat or get a car parking free if you buy an apartment — or simply grab a 10 to 15% discount on a property. Such are the bargains being offered by real estate developers as they see their sales drop.
Real estate prices may fall 20-30% in several pockets of Delhi-NCR and Mumbai in six months, but experts are divided on whether and when prices will decline across the board.
Mahindra Lifespaces, the real estate arm of the Mahindra group, is said to be in talks with Alibaug-based developer Samira Habitats for a joint venture or buying of a land parcel. Sachin Dave
reports. Building blocks
Parth Desai, 29, a chartered accountant with a heavy engineering firm in Mumbai, pays Rs.
25,000 per month as rent for an apartment in Andheri west. Sachin Dave
reports. Rent vs buy: How the two stack up
American property mogul Donald Trump targets India above other emerging economies, his son and business partner said, as the flamboyant tycoon looks to crack a notoriously tough real estate industry with his brand of luxury homes and hotels.
Companies are renting less office space this quarter, showing a slowdown in economic expansion. HT reports.
Green homes are defying the slump in real estate market. Banks, buoyed by this ‘slow but steady’ demand, are mulling higher loan rate cuts for an ‘ecological cause’. HT reports.
Market regulator Security and Exchange Board of India (SEBI), which approved Alternative Investment Fund (AIF) Regulations, appears to be stopping the fund-raising plans of many small real estate private equity funds on the tracks. Industry experts say some may even shut shop. Sachin Dave
and Sachin Kumar
reports. Small is not beautiful?
Private equity players have turned wary of the Indian realty sector's below-expectation returns, and are now choosing to play safe by picking large stakes in SEZs while staying away from residential property.
Nitin Sharma, 32, a mid-level executive with an automobile company, is not a happy man these days. Sharma, who was planning to buy a bigger house in Mumbai's Goregaon area, got a shock when the real estate developer informed him that he will no more get a 9% discount on the selected apartment as promised earlier. Sachin Dave
reports. What’s in it for you
In India, no matter how much you want to, you cannot do any analysis like this because the data does not exist. Despite the centrality of real estate prices in the economy, as well as in the lives of people, these are an almost completely opaque part of the Indian economy. Dhirendra Kumar writes.
We all know that Mumbai’s roads are crowded and polluted. But the air you breathe at home may not be as clean and safe as you think either.
Property prices seem to be going up steadily in India's metropolises - but only in new projects. In the resale market, prices have been stagnant since 2010, say experts. Sachin Dave
reports. Who will blink first?