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Beyond Headlines Fastfox.com, Makaan.com, Houisng.com, Proptiger.com, Dhruv Agarwal, Online Home Buying, Online Rental, Offline Rental, Deals in Indian Real Estate, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Investment in Property
Elara Technologies acquires FastFox.com

FastFox was valued at just under INR 100 crores at the time of this transaction. With this acquisition, Elara has entered the online-to-offline home rentals space, which has a market opportunity of over INR 20,000 crores. The addition of FastFox.com to its portfolio allows Elara to offer a comprehensive end-to-end service to landlords and tenants, thereby ensuring a significant improvement in consumer experience.

Finance IND AS 115, New Accounting Standards, PCM, Percentage Completion Method, Project Completion Method, Real estate accounting, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property
IND AS 115 promises best practices in revenue recognition

The real estate has been calculating the revenue on Percentage Completion Method and not Project Completion Method. With the Percentage Completion Method, the developers treated payment received from the home buyers for purchase of flats under construction as turnover of the company and net income generated from such projects was treated as profit.

Finance GST on under construction properties, GST on Ready to Move Properties, GST on home purchase, GST on property purchase, GST for real estate, India real estate news, Indian realty news, Real estate news India, Indian property market news
GST rates cut; affordable housing redefined

Cash-strapped builders have been hoping for all and any Government interventions which can help boost their sales volumes. This GST cut will provide such a boost, at least in the short-term as more fence-sitters who had been postponing their purchase decisions now have an additional incentive to take the plunge.

Commercial Commercial Realty, Commercial property, Indian real estate news, Indian realty news, Real estate news India, Investment in commercial property, ROI of commercial property, Track2Realty
Residential builders moving to commercial property

The greener pastures are mostly defined with numbers and not execution capabilities or business model. For example, the absorption of office space has been upwards of 40 million square feet per annum for the last 3 years. The overall sentiments in this segment look bullish with PE investors also putting in money. As a matter of fact, even in retail real estate the PE investors are bullish and exploring even the Tier II cities having malls with good footfalls, brand mix and strong sales. This is what is enticing the residential developers looking for both the buyers as well as the capital investments.

Finance Lodha Palava City, Lodha Mumbai, Piramal Finance, Piramal Realty, Investment in Lodha Palava City, Ivanhoe Cambridge, Track2Realty
Piramal & Ivanhoe to invest INR 500 crore in Lodha Palava City

PEL had previously announced a strategic co-investment fund with Ivanhoé Cambridge, to provide long term equity capital to blue chip residential developers across the five major metro cities in India (Mumbai, Bengaluru, NCR, Pune and Chennai). Ivanhoé Cambridge had allocated an initial US$ 250 Mn towards this fund. 

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