India’s liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest rate cuts will revive it.
After measures announced by Finance Minister Nirmala Sitharaman to deal with the economic slowdown, government will announce relief package for real estate sector, under which a stress fund may be set up to help complete unfinished projects.
Liquidity problems and completion of stalled projects formed the core agenda of the meeting on Sunday between Finance Minister Nirmala Sitharaman with real estate players which discussed ways to create demand in the country's realty market.
The Supreme Court on Friday upheld the status of homebuyers as financial creditors as per the amendment in the Insolvency and Bankruptcy Code (IBC).
India’s debt-laden shadow bank Dewan Housing Finance Corporation Ltd (DHFL) on Tuesday said its creditors would not have to take any haircuts on principal payments under its resolution plan, sending shares up as much as 10%.
WeWork Cos. is setting up $6 billion in financing to pursue its global ambitions, but there's an unusual catch: It must first succeed in its initial public offering next month.
Supreme Court's recent landmark verdict on the Amrapali case has brought the limelight back to the the Indian realty sector and lakhs of home buyers as numbers of incomplete and stalled housing projects continue to be on the rise creating "ghost cities" by the day.
The Economic offence Wing of Delhi Police on Wednesday registered a case of cheating against directors of the Amrapali Group, said officials.
Realty major DLF's net debt declined 35 per cent to Rs 3,416 crore during the first quarter of this fiscal on better sales and fund infusion from promoters.
Indian real estate has attracted $34 billion private equity investment since 2014, largely in commercial real estate because of slowdown in housing demand, according to property consultant Knight Frank and RICS.
Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday. It will host an analyst day for Wall Street banks on July 31 as part of preparations for its IPO, Reuters reported last week.
Cracking its whip on errant builders for breaching the trust reposed by home buyers, the Supreme Court on Tuesday cancelled the registration of Amrapali Group under the real estate law RERA, and ousted it from its prime properties in the NCR by nixing the land leases.
The Enforcement Directorate has filed a criminal case of money laundering against embattled real estate major Amrapali Group and its promoters, who allegedly failed to give possession of flats to over 42,000 home buyers in Noida and Greater Noida, officials said on Tuesday.
The Supreme Court on Tuesday cancelled the registration of the embattled Amrapali group under the Real Estate Regulatory Authority (RERA) and the lease of its properties granted by Noida and Greater Noida authorities.
Can Fin Homes Ltd, the housing finance arm of Canara Bank, Monday registered an 11 per cent rise in its net profit to Rs 80.98 crore in the first quarter ended June 30.