Tag: land

RBI’s hike in key interest rate to hit real estate: industry

New Delhi: Hiking of the key policy rate by the Reserve Bank of India (RBI) will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move. The RBI raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation… Read More ›

2014 Set To Witness Big Ticket Funding In The Real Estate Sector

Bangalore : With 2013 coming to an end, the lack of funding is one major obstacle that real estate developers wish to get rid of in the new year, especially since many key policy decisions taken this year will make it easier for developers to ensure funding for their projects. Real Estate developers can expect major investments… Read More ›

RBI panel wants retail inflation as new policy benchmark

The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it. The report of the Patel committee, set up by RBI in September last year, has recommended… Read More ›

AAP must use FDI power, can’t depend on 40s’ economics: Narayana Murthy

The opposition to the Aam Admi Party’s economic policies is getting louder from its industrialist supporters. After Captain V Gopinath, now Infosys Executive Chairman Narayana Murthy has raised concerns over the party’s decision to disallow FDI in the retail space. Murthy said that in winning the Delhi elections AAP did a good job. “They spent… Read More ›

Joe Verghese: Affordable Real Estate is the Key

Like with all investing, one needs to first define one’s time horizon. I’d define short term as say three years and long term as more seven years. Now, let’s say you have a long-term time horizon and are willing to take a call on where the business hub of Mumbai is going to be. Buying… Read More ›

Global retailer Wal-Mart sets up new company in India

NEW DELHI: Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country’s lucrative multi-brand retail market with a new partner. The American retail major and Bharti Enterprises decided to part ways in October last year, bringing an end to their six-year long partnership. The retailer has registered… Read More ›

Indian real estate worth Rs 7,700cr up for sale by lenders: Report

MUMBAI: India’s dismal economic figures have expectedly hit the realty sector hard – an estimated Rs7,700 crore worth of commercial and residential properties across the country are up for sale by lenders, according to an industry study. Data compiled by NPAsource.Com, a portal that focuses on the resolution of stressed assets, show that there are around 2,200… Read More ›

AAP government writes to DIPP, withdraws permission for FDI funded retail stores

NEW DELHI: The Delhi government has officially shut its doors to foreign-owned supermarket groups from setting up shop in the country’s capital, creating fresh uncertainty for a sector that had only last month received its first investment proposal after a high-stakes policy change 15 months ago. The Aam Aadmi Party-headed government has written to the… Read More ›

PE exits in real estate rose by 33% in 2013

Private equity (PE) firms focused on the real estate sector made 24 exits during 2013 compared to a total of 18 exits announced during 2012. Ten of these exits with disclosed values harvested $421 million for the investors. As far as investment is concerned, private equity-real estate firms made 45 investments during 2013. Of these, 37 transactions had… Read More ›

FDI in multi-brand retail: Hope in abeyance

FDI in retail – As it happened India’s decision to allow foreign direct investment (FDI) in multi-brand retail towards the end of 2012 and its FDI policy modified in April 2013 put the country back on the retailing map of the world. However, this is not the first time that India has invited global retailers… Read More ›