Realty lender Altico Capital has said lack of funding triggered by IL&FS defaults, along with the realty market softening, led to its default on repaying external loans. “A significant strain in short-term financing markets precipitated by the September 2018 default by IL&FS created a […]
Shares of Indiabulls Real Estate were trading near three-year low of Rs 58, down 7 per cent on the BSE on Wednesday. This is the lowest level since November 22, 2016. In the last two months, the […]
The government will soon come up with its next set of relief measures, this time for the real estate sector, Minister of State for Finance, Anurag Thakur said. The real estate sector is faced with […]
Signs on a local Sears store indicating they are going out of business. Sears was once America’s largest retailer. GETTY Now over a decade old, the current U.S. economic expansion is officially the longest expansion in […]
Consumption of residential real estate would see a distinct change, with players coming in buying bulk inventory and putting it in a co-living model. That way, the yields are also on the higher side. This shift is […]
Lending to real estate developers by non-banking finance companies and housing finance firms (HFCs) fell by almost half to about Rs 27,000 crore because of liquidity crisis triggered by IL&FS default in September last, according […]
Will crackdown on rampant misuse of scheme, but dry up developers’ liquidity The National Housing Bank’s circular to stop developers from servicing buyers’ loans could prolong one of the worst slowdowns that the real estate […]
Amazon is branching into real estate through a partnership with Realogy, the nation’s biggest residential real estate broker, the company announced Tuesday. Through the new TurnKey program, would-be homebuyers in 15 markets will be able […]
Canada’s Brookfield Asset Management is acquiring a prime Mumbai real estate asset spread across 9.67 acres, which includes a 100-room premium hotel, for Rs 750 crore from Sanjay Narang-owned Mars Enterprises and Hospitality Ltd, said […]