commercial real estate
Real Estate Attracts $3.8 Bn Private Equity
– by Shobhit Agarwal Giving a flicker of hope to cash-starved Indian real estate, private equity funds have pumped in nearly USD 3.8 bn between January to September period in 2019, reveals recent research by ANAROCK. Recording nearly 19% yearly gain, total inflows equaled over USD 3.2 bn in the corresponding period a year ago. As much as USD 3.6 bn was equity funding – comprising nearly 95% overall share – while the remaining 5% was via structured debt. Also, foreign private equity funds continued to dominate the real estate investment scene. Top investors included Blackstone, Hines, Ascendas, Brookefield, etc. Segment-wise break up Commercial real estate continued to attract maximum PE investments, totaling close to USD 3 bn funds in the first three quarters of 2019. In ...
Real Estate sector continues to face scanty demand | Weekly Round Up | RealtyMyths
Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week. Bengaluru-based Embassy group which was planning to acquire Indiabulls realty arm has now canceled the same. The company has no immediate plans to increase its stake in Indiabulls Real Estate Ltd. from the current nearly 14 percent, the company’s CMD Jitu Virwani said. The company would remain invested in Indiabulls Real Estate, he added. As realty firms are going bankrupt one after another, banks might have then to bear the burnt. The struggle to raise funds is on the rise in the sector. Except for commercial real estate in the office space, the rest of the sector – including housing and other commercial projects such as malls and hotels, are witnessing a decline in demand, with inventories pili...
The ‘Real’ Deal in Festive Season 2019
– by Anuj Puri, Chairman The festive season has traditionally been an active period for real estate sales as many buyers consider Navratri and Diwali an auspicious time to buy a property. Like in previous years, developers this year have sweetened property deals – some up-front discounts, or more commonly 0% GST (which is in any case not charged on ready-to-move properties), waived stamp duty and registration charges, free reserved car parking, modular kitchens, etc. However, developers are not the only entities striving to make Festive Season 2019 more… festive. To boost consumption, the government has also announced a slew of measures over the past one month which, while not necessarily benefits to homebuyers, are certainly overall industry sentiment boosters. While these measures ...
Signature Global to invest Rs 385 cr on a new housing project in Gurugram
Realty firm Signature Global will invest Rs 385 crore over the next three years to develop a housing project in Gurugram, Haryana. The national capital-based company has bought 17.35-acre land at Sohna for nearly Rs 100 crore and will construct 864 independent floors in two phases. It will sell these units in a price range of Rs 39-74 lakh. Signature Global mainly focuses on affordable housing and is currently constructing 10 such projects, comprising around 9,500 units, under the Haryana government’s affordable housing policy. One project comprising 1,000 units have been delivered to home buyers. Pradeep Aggarwal, Co-Founder & Chairman, Signature Global, and Chairman – ASSOCHAM National Council on Real Estate, Housing, and Urban Development, said “We have started a n...
CII-JLL study reveals increasing share of institutional investments in Indian real estate
Institutional investments increased in the last ten years and have improved investor confidence, risk appetite, and transparency. Enhanced use of technology across asset classes has changed the outlook of investors towards Indian real estate. As a result, investments have more than tripled to INR 1,400 bn during 2014-18 as compared to INR 465 bn during 2009-13, says the latest CII-JLL report ‘Innovation Led Opportunities – Changing India’s Real Estate Landscape’, released today at the 11th Edition of CII Realty & Infrastructure Conclave. Traditional real estate segments such as residential and commercial have been using modern technology across construction, planning, and development for over a decade now. Policy reforms in the sector, the concept of shared economy giving rise to...
Key Real Estate Mistakes That Could Make You Lose Money
by Honey Katiyal One of the most globally recognized sectors, the real estate market is a mix of various sub-sectors like residential, commercial, retail and Hospitality. Investing in these sub-sectors comes with lots of rosy benefits but at the same time, it’s not that easy too. So, as an investor whether you are investing in the housing market or the commercial or retail, it is important to perform proper research and study before entering into any deal or investment. It may be in terms of passive income, property price appreciation, Tax benefits or something else. Because a small mistake could make you lose your valuable and hard-earned money in just one go. Moreover, it’s better to take small and precious steps along with important knowledge that can do wonders in the real estate inves...
India’s retail sector expected to become $1.3 trillion of size by 2020: Asma Javed
Real Estate is a sentiment-driven sector, where market sentiments play a major role in defining its growth path. But when it comes to retail space, real estate’s one of the subsets, it is the market trends and projects that guide the sentiments. And, it is this difference that Ms. Asma Javed, in her candid conversation with Team RealtyMyths, explains to us. Ms. Javed recently moved to Gulshan Homz as Head-Leasing Retail Commercial, where she will take care of the retail leasing division. It was a pleasure talking to her. Here are the excerpts of the conversation. RM: Gulshan Homes is known for its construction quality and is one of the biggest names in the NCR real estate market. What are your expectations from the company, now that you are a part of this name? AJ: Well, Gulshan Hom...
Logistics Leasing Records 31% Growth In One Year: CBRE
India’s logistics leasing recorded a growth of 31% on a yearly basis, crossing 13 million sq. ft, reveals CBRE, India’s leading real estate consulting firm, in its report ‘India Industrial and Logistics Market View, H1 2019’. As per the report, Mumbai, Chennai, and Bangalore accounted for more than 60% of leasing activity. Describing this momentum, Anshuman Magazine, Chairman & CEO – India, South East Asia, Middle East & Africa said, “While the overall pipeline for the sector is expected to be around 60 million sq. ft. till 2020, at least 22 million sq. ft. of this supply is anticipated to be released by leading players. We also expect logistics leasing activity to strengthen owing to consolidation/ expansion by occupiers. In addition, as per our APAC Investor Intention...
Indian Office Market: Net Absorption Likely to Record a New High
Steady economic growth, favourable policy environment, growing preference of global occupiers for Indian offices and listing of first Real Estate Investment Trust (REIT) in the country have put the India office market on a growth path, according to the half-yearly update (H1 2019 – January to June 2019) by JLL India released today. As a result, the net absorption is expected to record a new high of 42 mn sq ft by the end of 2019, the company said in its release. It said, the office market continued its strong streak and exhibited a 21% growth Y-o-Y during H1 2019. Net absorption across the top seven cities touched nearly 22 mn sq ft, indicating optimism amongst occupiers with continuity of governance and a stable government. A ramp-up by co-working players (15% of overall leasing) and occu...
Bhutani Infra invests Rs 1,200 cr to build commercial project in Noida
Realty firm Bhutani Infra is investing Rs 1,200 crore to develop a commercial project in Noida (UP) to tap into the rising demand for office space from corporates and co-working players, a top company official said. The company has so far completed about a dozen commercial projects in East Delhi as well as Ghaziabad and Noida. “We are currently developing a commercial project ”Alphathum” in sector 90, Noida, comprising about 45 lakh sq ft of built-up area,” Bhutani Infra CEO Ashish Bhutani said. Of the total area, around 35 lakh sq ft is for office space and seven lakh sq ft for a shopping mall. The rest will have 500 studio apartments. Asked about investment, Bhutani said the total project cost is about Rs 1,200 crore which is being met through internal accruals. T...
Asia Pacific Commercial Real Estate Owners Focus on Resiliency as Environmental Risks Increase
Asia Pacific commercial property owners and managers are deploying greater resources towards ensuring buildings are more resilient to the long-term environmental challenges. The deepening industry focus on enhancing resiliency in commercial real estate assets is resulting from the coordinated efforts of building owners, tenants, contractors, and local authorities, according to CBRE’s Global Resilience & Property Management 2019 report. The resilience of property portfolios to environmental stresses is a growing concern for real estate investors with a long-term horizon. According to respondents, key environmental considerations driving increased focus on building resilience in commercial real estate assets include: Resilience as a capital generator: Allowing buildings to sustain capita...
Investors Clinic sold inventory worth 6,000 Crores in 2018-19
Investors Clinic, one of the leading real estate consultancy firms, reported that the company has made 11621 transactions worth 6000 crores in the financial year 2018-19. This has led to the revenue growth of 119% in the current fiscal standing at 225 crores. In the fiscal year 2017-18, Investors Clinic sold 4500 inventories that generated at revenue of Rs 102.97 Crores. It is the only real estate company which has sold 1 lakh properties in the last 10 years. During the fiscal year 2018-2019, the company has continued to show profitability and has registered an EBIDTA of 27 crores. The accumulated reserves of the company as on March 31 have reached 130 Crores. Established in 2006, Investors Clinic is strengthening its reach and presence very rapidly. The firm has a proven track record of ...
