Page 6 - Raghavendra Kamath

Home sales in Tier II and III cities fall in April amid Covid-19 pandemic

The sales in April this year stood at 5,980 units, almost 2.5 times higher than April 2020

Phoenix Mills, CPP Investments form JV for Kolkata mall; invest Rs 800 cr

CPP Investments would invest Rs 560 crore (C$93 million) in Mindstone Mall Developers (Mindstone) in tranches, for an equity stake of 49%

Amitabh Bachchan buys duplex flat in Mumbai's Andheri area for Rs 31 cr

Per sq ft value of the property to be Rs 59,788; stamp duty on deal is Rs 62 lakh

Share of top listed cos in home sales up from 6% to 22% in 4 years: study

Together they sold 21.23 mn sq ft area during first three quarters of FY21 (April-December 2020) despite the first wave of Covid-19, up 2% two over the year-ago period

Covid-19 pandemic: Sales of large apartments rise as WFH continues

Of the total sales of 58,300 units in top seven cities in Q12021, sales of homes priced over Rs 1.5 cr comprised 9% share

Listed property developers expect better days after first quarter

In FY21, home sales picked up after Q1 because states such as Maharashtra announced stamp duty cuts and banks offered special interest rates

CPP Investments wants a bigger pie in Indian equities, credit markets

As part of its 2025 strategy, the AE department continued to grow its exposure in EMs

Motilal Oswal Real Estate announces 1st close of its fifth real estate fund

The Fund, which was launched with a target corpus of Rs 800 crore has received commitments aggregating Rs 650 crore.

Delivery of 420k residential units may be delayed: Anarock report

Seventy-two per cent of the homes to be delivered by year-end have already been sold

PE investments in realty up 19%, ticket sizes up 1.6x to $178 mn: Anarock

Share of structured debt went up from 14% in FY20 to 21% in FY21

Oberoi Realty to actively pursue redevelopment business: Chairman

Oberoi said the company is open to redevelopment of large residential societies and doing joint development, he said .

Warburg Pincus ends JV with Lemon Tree Hotels for student housing

"Apparently, Warburg was not happy with the way the JV had progressed in the last two-three years," said sources

Sebi's relaxed norms likely to give private equity firms faster exits

Sebi also plans to replace the "promoter" concept to "person in control"

Warburg Pincus-Goldman joint venture to ramp up student housing business

The Goldman Sachs-backed company now has 18,000 beds across its tie ups with Manipal University, OP Jindal Global University and Shoolini University

Blackstone closes in on warehousing developer Indospace for top spot

Logistics is one of Blackstone's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics

Blackstone buys Embassy Industrial Parks from Warburg JV for Rs 5,250 cr

Embassy Industrial Parks is comprised of 10.6 million square feet of modern logistics and warehousing assets

Covid-19 crisis: HCL Tech to HUL, corporate India extends a helping hand

Supports with isolation centres, medical & financial help, friendly leave policies

Mall rentals fall up to 50% as second Covid-19 wave hits business

Developers non-committal about rent waivers, offer longer revenue-share periods

UP, Haryana, Maharashtra lead on the number of RERA cases resolved

Nearly 40 per cent of all complaints were resolved in Uttar Pradesh alone

Godrej Properties expects muted sales numbers in first quarter of FY22

Company plans to scale up business after second quarter