Page 2 - Realty Funds

Adani's realty unit in talks to buy debt-laden Ozone group, says report

Adani's 10-year-old developer arm will be taking over the debt of Ozone which has been struggling to repay creditors.

Salarpuria growth mantra: Earn in realty, invest in new-age biz

Reportedly taking over consumer electronics biz of Cloudtail India, largest seller on Amazon

Real estate fund managers rush to raise fresh money as banks baulk

Early this week, ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, launched a fund with a corpus of Rs 1,000 crore

Second Covid wave singes retail, hotel, financials and realty stocks

Many stocks in these sectors slip into 'bear market' territory

Maharashtra govt cuts stamp duty, other levies for realty transactions

Realtors cheered the announcement and said it would boost the demand for residential apartments and sales

Domestic realty funds launch stressed funds to tap stalled projects

With very low sales and financing from banks and NBFCs drying up, fund managers expect good returns from their investments, experts said

Realty fund managers cautious about investments after coronavirus lockdown

With demand being muted for at least the next six months, developers would face severe cashflow challenges which could slow down the pace of construction further, say Motilal Oswal

Unitech to seek aid from 25k cr realty fund to complete houses: Hiranandani

Besides Hiranandani, NBCC's former CMD A K Mittal, HDFC's Renu Sud Karnad and Embassy group chairman Jitu Virwani are part of the board.

Key policy steps taken by NDA govt this year to revive a sagging economy

Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

Govt-backed AIF for distressed realty gets Rs 10,530 cr in first closing

SBI contribution pegged at Rs 1,000 cr; HDFC on board

Govt asks homebuyers to approach lenders for revival of their loans

Homebuyers of projects from Jaypee Infra and Amrapali group, among others, will not be able to avail of this fund

Three hurdles for the realty fund

While the real estate fund is desirable, the question is: Will this let reckless finance companies and obdurate real estate developers off the hook?

Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail

Homebuyers body cheers govt's realty push, demands fund transparency

The move is likely to help 4.59 lakh housing units across the country. Only RERA-registered projects with positive networth will be provided funds.

As NBFCs retreat, private equity funds move in to fund realty projects

Motilal Oswal, HDFC Capital, Xander and other PE funds focused on this segment find opportunity in NBFC retreat

As NBFCs turn off tap, realty funds see deal proposal spurt but remain wary

Mumbai, 24 OctoberAfter non-banking finance companies (NBFCs) tightened liquidity flow to property developers over the past month, private equity (PE) funds are seeing a spurt in proposals from developers for funding. "Developers need capital to sustain the current cycle. From that perspective, they are coming," said Vikas Chimakurthy, chief executive officer (CEO) at Kotak Realty Fund. Defaults at Infrastructure Leasing & Financial Services (IL&FS) has made it difficult for NBFCs to raise money, forcing them to avoid new lending and stop the disbursal of already sanctioned loans. Sharad Mittal, CEO at Motilal Oswal Real Estate Fund, said after NBFCs had gone slow on lending to developers, deal flow had gone up significantly for funds like theirs. According to Reserve Bank data, NBFCs have exposure of 7.5 per cent to real estate. This amounted to Rs 1.65 trillion as on end-March. However, property funds are treading cautiously, given the scenario in the segment. "Where ...

Pai-backed Neev realty fund to shut down as tier-II developers struggle

The fund was to make small-sized investments in tier II property developers in Bengaluru and Mumbai, among others

Realty funds get traction with a regulator in the offing

Raise $420 million so far this year against $520 mn last year