Private equity investments in real estate fell 40% year-on-year to $4.06 billion in 2020 because of the COVID-19 pandemic, according to Knight Frank India. Private equity (PE) investments in 2019 had almost reached $6.8 billion. “India attracted private equity investments to the tune of $38,149... Read more...
Stating that the smart cities concept does not have a single dimension of focusing on just big or small cities, Durga Shanker Mishra, Secretary, Ministry of Housing and Urban Affairs, has said that the target is to develop more than 4,372 cities as smart cities. “Our target is to develop our 4,... Read more...
On 20th January, President Joe Biden was sworn in as the 46th president of the United States, and Vice President Kamala Harris became the first woman to serve in the office. In his inaugural address, Biden pledged his commitment to bringing all Americans together and to democracy. Biden’s h... Read more...
Despite a sudden halt brought on by the COVID-19 pandemic, institutional investment in the Indian real estate staged a recovery during Q4 2020 with $3.5 billion investments, a new report has said, adding Bengaluru continued to attract maximum investments. As a result, 2020 closed with $5 billion ... Read more...
The Competition Commission of India (CCI) approved the ₹1,500-crore Flipkart Aditya Birla Fashion and Retail Ltd (ABFRL) deal, which will help the Walmart Inc.-owned e-tailer consolidate its position in the apparel business. Commission approved acquisition of a 7.8% minority stake in Aditya... Read more...
U.S. homebuilder confidence in the market for single family homes unexpectedly fell in January, pulled down by surging COVID-19 infections and more expensive lumber, though the housing market remains underpinned by record low mortgage rates. The NAHB/Wells Fargo Housing Market index slipped to a ... Read more...
The cash flows in the office leasing segment have been among the least affected by the COVID-19 pandemic. For YTD FY2021, there has been limited revenue loss for developers of Grade A office space while the occupancy in the existing leased portfolio has not witnessed any material weakening till date... Read more...
Bijay Agarwal, Managing Director, Salarpuria Sattva Group The pandemic has changed our long-held opinions on real estate and how we used to perceive it. One of the primary outcomes of this pandemic, has been an increasing desire for risk mitigation by real estate developers. This has had an imp... Read more...
The Advertising Standards Council of India (ASCI) has directed the Indian paint giant, Berger Paints India Ltd, to remove their recent advertisement which claimed the company’s product to be effective against 99 per cent of ‘COVID virus’. The regulatory body has given January 14, 2021, as t... Read more...
Shrugging off the Covid pandemic-induced slowdown, the country’s construction sector is poised for good times in FY2022 due to strong pipeline of projects and various government measures aiding growth. Rating agency ICRA has projected a ‘stable’ outlook for the construction sector stating t... Read more...