Peninsula Land forms JV with Brookfield AMC for real estate fund
Peninsula Land and Canada based Brookfield Asset Management have formed a 50:50 JV to launch a real estate fund for investments in India.
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Alok Ind Mumbai land sale stuck in valuation matching
Textiles’ major Alok Industries is looking for a Rs.900-1,000 crore deal; discussions with global realty funds, however, is stuck as slowdown upsets valuation matching.
Chennai office space demand may dip
The demand for office space in Chennai is expected to dip, with an expected slowdown in North American and European countries affecting the information technology sector.
DLF sells 28-acre plot to M3M India for Rs 440 crore to cut debt
DLF has sold a 28-acre plot in Gurgaon to M3M India for Rs.440 crore, in the first among many such big-ticket sales it has lined up this fiscal to bring down mounting debt.
NE Realty expo concludes
The North East Realty Expo that had begun on August 25 and was organised by AREIDA in collaboration with Hindi daily Dainik Purvoday at the Maniram Dewan Trade Centre here, came to an end on Sunday.
DLF to set up Infopark in Orissa
DLF, India’s biggest real estate developer, will develop its Rs 1000-crore Infopark project spread over 54 acres in Bhubaneswar in phases.
Cognizant to invest $500 mn in real estate in next four years
IT major Cognizant today announced its intention to pump in more than $500 million in the next four years in real estate development as part of its expansion program.
Union Budget 2011-12 – “Give Indian real estate the break it deserves”
Through a hailstorm of bouquets, brickbats, controversies and triumphs, the Indian real estate sector has always been one of the mainstays of the country’s economy. At some level, every Indian is connected with it; in some way or the other, it affects every citizen of this country.
Retail leasing expected to be firm in 2024, reaching 6-6.5 mn. sq. ft.
The residential sector is currently undergoing a bullish phase, characterised by a convergence of factors that foster an extremely favourable ecosystem. As we progress into 2024, we anticipate that both sales and new property launches will sustain the sector’s buoyancy. Despite the potential challenges posed by escalating land costs and limited funding options for early-stage projects, the robust underlying market fundamentals are expected to propel residential activity well above the average trend witnessed in the previous five years.
Will Covid-hit 2021 lead real estate into Tier II cities?
The cost of doing business per square feet has always been challenging in the top 10 cities of India. The ever increasing migration for jobs in these cities have made the housing affordability even bigger challenge. Critics are not cynical when they question as to what extent and till when these cities will continue to be filled up like a soda bottle. Aren’t our metro cities on the verge of a population blast? Come 2021 and Track2Realty analysis believes the infamous Coronavirus in a strange way has shown the way forward.