Peninsula Land Secures Rs 150 Crore Funding to Establish Rs 765 Crore Real Estate Platform Realty firm Peninsula Land Ltd on Wednesday said it has raised Rs 150 crore through the issue of debentures and will also set up Rs 765 crore platform to develop projects. In a regulatory filing, the company informed that it has raised the amount through the issue of optionally convertible debentures (convertible into equity shares). The investment is being made by Arsenio Strategies, which is an affiliate

Indiabulls Real Estate Completes Acquisition of Sky Forest Projects for Rs 647 Crores Indiabulls Real Estate on Tuesday said it has acquired 100 per cent stake in Sky Forest Projects Pvt Ltd from Blackstone at an enterprise value of Rs 647 crore. In a regulatory filing, the company said its subsidiary Indiabulls Constructions has ''completed the acquisition of 100 per cent stake, on a fully diluted basis, of Sky Forest Projects, which owns a residential project 'Sky Forest', situated in Lowel Pa

Delhi-NCR, Bangalore witness a decline; Pune, Hyderabad saw a substantial hike in luxury real estate sale: CBRE The luxury real estate market in India has experienced contrasting trends in major cities during the first quarter of 2024, according to the latest findings by CBRE South Asia Pvt. Ltd. While Delhi-NCR, Kolkata and Bangalore witnessed a significant decline in luxury segment housing, other major cities such as Mumbai, Pune, Hyderabad and Chennai recorded a surge in the same segment. Dur

Indiabulls Real Estate's Losses Escalate to Rs 1,038 Crore in FY24 Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23. Total income also fell to Rs 468.75 crore during 2023-24 from Rs 648.47 crore in the preceding year, according to a regulatory filing on Friday. IBREL's ness loss in March quarter FY24 narrowed to Rs 302 crore from Rs 375.99 crore in the year-ago period. T

Lohia Global Ventures into Real Estate Sector; Plans Rs 1,000 Crore Investment for Housing Projects Lohia Global, which is mainly into handicrafts exports and automobile businesses, on Thursday said it has entered into the real estate business and will invest Rs 1,000 crore over the next five years to develop projects across Delhi-NCR and Uttar Pradesh. Delhi-based Lohia Global is a privately held company with an annual revenue of around Rs 1,200 crore from four businesses - handicraft exports,

Century Real Estate Secures Rs 450 Crore from Edelweiss for Project Expansion Century Real Estate on Monday said it has raised Rs 450 crore from Edelweiss to develop realty projects in Bengaluru. In a statement, the company said it has ''successfully closed a funding round with Edelweiss, securing Rs 450 crore in investment capital.'' Century Real Estate said its sales bookings stood at Rs 1,000 crore in the 2023-24 fiscal, registering 4x growth in a span of 4 years. ''The infusion of Rs 450 cro

Large Indian real estate developers continue to snap up land: Anarock The residential segment continues to drive the Indian real estate market, which also reflects in the land deals it is generating. Amid all-time high residential demand, several large and listed developers and other entities continued to snap up land. Other than residential, commercial, retail, industrial, logistics and warehousing are also driving prime land deals in key locations across India, according to real estate consult

Real Estate Developers and Immigration Consultants from Across the Globe to Gather in Mumbai for International Real Estate Expo and IREX Residency & Citizenship Conclave Mumbai, Maharashtra, India Business Wire India The seventeenth edition of International Real Estate Expo & IREX Residency & Citizenship Conclave 2024 will be held from 19th to 20th April, 2024 at The St. Regis, Mumbai. The show is a unique platform that offers various options and prospects of international real estate investmen

Pvt equity investment in real estate dips 16 pc last fiscal to USD 3.67 bn: Anarock Private equity funding in the real estate sector fell 16 per cent last fiscal to USD 3.67 billion on lower interest from foreign investors, according to Anarock. In its report, Capital FLUX, real estate consultant Anarock pointed out that the private equity (PE) deals in Indian real estate have declined to USD 3,674 million in 2023-24 from USD 4,358 million in the previous year. The PE inflow in real estate stood

China stocks fall pressured by real estate; HK shares rise China stocks fell on Wednesday, dragged by real estate shares, while Hong Kong shares rose, led by tech stocks. Ratings agency Fitch revised its outlook on China to negative, citing increasing risks to the country's public finance outlook. So far the market reaction to the Fitch downgrade news seems to be quite muted, versus the Moody's downgrade back in last December. Nonetheless, it may still hurt near-term market sentiment on China wh

China stocks down pressured by real estate; HK shares up China stocks fell on Wednesday, dragged by real estate shares, while rating agency Fitch revised its outlook on China to negative. Hong Kong shares were up, led by tech stocks. Ratings agency Fitch revised its outlook on China to negative on Tuesday, citing increasing risks to the country's public finance outlook. China stocks were closed for midday break before the release of the rating downgrade. Several property developers reported weak

Real estate regulator denies extension of registration validity for Godrej Developers' housing project in Gurugram The Haryana real estate regulatory authority (HRERA) has denied the extension of registration validity for a housing project of Godrej Developers & Properties in Gurugram, citing non-compliances of norms. According to HRERA, Gurugram, Godrej Developers & Properties LLP failed to rectify deficiencies in the application, which showed mismatch of several details provided in the project

Asset manager Blue Owl expands into real estate financing with $170 mln deal Alternative asset manager Blue Owl Capital said on Tuesday it will buy Prima Capital Advisors for $170 million to expand into real estate financing, a market that traditional banks have been retreating from since last year. Investment firms, which are not subjected to harsh regulations as banks, have been rushing to grab a bigger slice of the commercial real estate (CRE) market as traditional lenders are backing out on

Real estate sector witnesses significant job growth in the past decade due to policy reforms: Anarock-NAREDCO Employment in the Indian real estate surged to 7.1 crore in the last calendar year from 4 crore in 2013, driven by healthy growth in the housing segment supported by several policy reforms by the Modi government, according to a joint report by Anarock and NAREDCO. Real estate consultant Anarock and realtors' body NAREDCO on Monday released a report 'Real Estate Unboxed: The Modi Effect',

Institutional investments in real estate down 40 pc to USD 995 million in Jan-Mar: Report Institutional investments in real estate fell 40 per cent annually in January-March to USD 995.1 million because of a lower inflow of funds in office, residential, and warehousing assets, according to Colliers India. The institutional investments stood at USD 1,658.3 million in the year-ago period. Out of the total institutional investments, real estate consultant Colliers India highlighted that foreign fun

TN: ED raids AIADMK leader Vijayabaskar, Chennai-based real estate group The Enforcement Directorate on Thursday carried out searches against AIADMK leader and former Tamil Nadu minister C Vijayabaskar apart from a Chennai-based real estate group as part of separate money laundering investigations, official sources said. About 25 premises are being covered by the central agency as part of the two cases, the sources said. Vijayabaskar, a former health minister, is an AIADMK strongman from Pudukot

Home buying costs could fall in big US real estate group settlement The National Association of Realtors agreed Friday to resolve antitrust litigation accusing brokerages of inflating sales commissions, a settlement likely to bring major changes and lower costs when Americans buy and sell homes. The $418 million settlement calls for the NAR to eliminate decades-old rules on commissions, and make it easier for buyers to negotiate fees with their own agents or use no agents at all. These changes c

China's regulator says it wants 'virtuous cycle' between finance and real estate China wants a virtuous cycle between the finance and real estate sectors and will accelerate the implementation of a real estate financing coordination mechanism, the National Financial Regulatory Administration said in a statement on Wednesday. The regulator will improve the efficiency in matching real estate projects with a white list of approved projects, said the statement. Also Read: China's rapidly expanding n

Stocks are mixed as China scrambles to avoid major real estate developer bankruptcy China stocks were mixed Wednesday as the country scrambled to avoid major real estate developer bankruptcy. Hong Kong stocks added 0.2% to 17,129.37, extending their gains for a fourth consecutive day. Hang Seng Tech Index advanced 0.7%, with JD.com gaining 0.6% after the company announced a share buyback of as much as 3 billion dollars over the next three years. The Shanghai Composite Index dropped 0.5% to 3,040

China will refine real estate policies, meet financing demand for property firms in 2024 China will refine real estate policies and meet justified financing demand for real estate enterprises under various forms of ownership on an equal basis in 2024, according to an official work report seen by Reuters on Tuesday. China will move faster to foster new development model for real estate and scale up the building and supply of government subsidized housing in 2024, according to the report. The prop