Page 5 - Raghavendra Kamath

Mahindra Lifespace Developers shifts gear; charts aggressive growth plans

The company, which lagged peers Godrej Properties and Prestige Estates Projects, seeks to invest Rs 500 cr every year in buying land parcels for new projects

ASK announces new real estate-focused fund, targets corpus of Rs 1,000 cr

The fund is also planning to raise an additional Rs 1,500 crore via a green shoe option

Covid-19 pandemic forces real estate developers to rethink house design

Touch-free elevators, co-working spaces the in thing

Promoters of Macrotech Developers repay debt of Rs 1,596 cr owed to company

The promoters have raised these funds by means of a long-term instrument having tenure greater than three years with no repayment obligation prior to that

Covid-19 impact: E-commerce drives demand for warehousing in H1

Embassy Industrial Parks (EIP), Stellar Supply Chain Solutions, and TVS Industrial & Logistics Parks, among others, have seen a growth of anything between 30 per cent and 100 per cent in H1CY21.

Godrej holding company hikes stake in Godrej Properties, Agrovet

With the stake buy in Godrej Properties, Godrej Industries' stake in the company will rise to 47.29 per cent.

For realty developers, confidence builds on pent-up housing demand

Low interest rates, tax sops may encourage buyers

Q4 of FY21 sees recovery in housing prices as pandemic tapers: CARE Ratings

All India Housing Price Index rose 2.7% YoY in Q4FY21. Going forward, movement in HPI would be influenced by demand-side factors as well as inventory levels

Home sales rise 93% in Q2CY21 due to low base, says Anarock report

However, home sales dropped by 58 per cent sequentially

Plan to grow annuity portfolio to over Rs 2,800 crore: Prestige Estates CEO

Venkat K Narayana, CEO of Prestige Estates Projects, tells Raghavendra Kamath that residential sales will do well due to multiple factors, and that demand for office properties will remain robust

REITs reduce borrowing costs by about 200 basis points or more in FY21

Top property developers such as Godrej Properties and the rental arm of DLF reduced their borrowing costs in FY21 by 110 bps and 145 bps, respectively

Most big mall developers may waive rent for recent Covid-19 lockdown

DLF, the country's largest listed developer, has also taken a similar stand.

REITs to lure investors with tax-free dividends and capital returns

Mindspace gives 90% of returns; Brookfield, Embassy to follow suit

Second Covid-19 wave leads to sharp dip in PE volumes and value in May

Overall deal values halve to $3,194 million in May from a month earlier

Flipkart in talks to raise $3 bn from marquee investors at $35-bn valuation

The funding -- from SoftBank, Abu Dhabi's ADQ, CPPIB -- is expected to set the stage for Flipkart's IPO in the US by next year and increase its valuation to about $50 bn, say sources

Damani, Big B, Raheja: Ultra-rich go realty shopping in Maharashtra

The state government cut stamp duty to three per cent from five per cent up to December 31 last year and to two per cent up to March 31 this year

Realty consultants' data on occupancy differs from companies' nos : Ind-Ra

While the data from the listed REITs and companies rated by India Ratings clearly is raising concerns, that provided by real estate consultancies projects a sanguine picture

Godrej Properties, Oberoi Realty may not place final bids for CSTM revamp

The project has long-term lease rights of up to 99 years for residential or mixed use and 60 years for non-residential formats.

Iconic CST project may fetch winning bidder Rs 10K cr in home sales

Developers can earn around Rs 800 crore a year in rent if they go for a combination of retail and office projects, experts said

Phoenix Mills, Singapore's GIC set up JV to invest in retail properties

GIC will acquire minority stake in PML's portfolio of retail‐led mixed‐use properties