Ireland’s Green REIT sells for 1.34 billion euros
DUBLIN: UK-based real estate firm Henderson Park is to buy Irish commercial property investment trust Green REIT in a deal that values the firm at 1.34 billion euros, a 25%… Read more »
Monthly Archives: August 2019
Moody’s downgrades Indiabulls Housing Finance ratings
MUMBAI: Global rating agency Moody’s on Wednesday downgraded Indiabulls Housing Finance (IBH) long- term corporate family rating to Ba2 from Ba1, while changing its outlook to negative from stable. The… Read more »
Rs 1.56-trillion flats launched in 2011 and before still incomplete: JLL
NEW DELHI: Nearly 2.2 lakh housing units, worth Rs 1.56 lakh crore, launched in 2011 and before across seven major cities are yet to be completed by real estate developers,… Read more »
WeWork to expand in India, leases 1.22 lakh sq ft of office space in Pune
NEW DELHI: US-based co-working operator WeWork is expanding its India business and foraying into Pune market where it has taken on lease over 1.22 lakh sq ft office space to… Read more »
Housing finance companies to be treated as NBFCs: RBI
MUMBAI: The Reserve Bank of India (RBI) on Tuesday said housing finance companies (HFCs) will be treated as one of the categories of NBFCs for regulatory purposes and it will… Read more »
India issues guidelines for Rs 1 lakh crore partial guarantee scheme for NBFCs
NEW DELHI: The government of India has issued guidelines on operationalising Rs 1-lakh crore partial guarantee scheme under which public-sector banks can purchase high-rated pooled assets of financially sound non-banking… Read more »
Japan’s Softbank plans to invest in Punjab’s real estate sector
CHANDIGARH: Japan’s Softbank Group on Tuesday evinced interest to invest in Punjab’s real estate sector, with focus on student housing through OYO startup. Indian hotel start-up OYO is backed by… Read more »
DDA to offer running scheme for commercial properties online
NEW DELHI: The Delhi Development Authority (DDA) on Tuesday approved a proposal for launching an online running scheme for 225 commercial built-up properties on a first-come-first-serve basis, officials said. The… Read more »
Birla Corporation to increase cement capacity to 25 mtpa by 2025
KOLKATA: Birla Corporation Limited, the flagship company of the M P Birla Group, plans to scale up its cement capacity to 25 million tonne per annum (mtpa) by 2025 with… Read more »
Bombay High Court irked over stay orders on razing of illegal structures in Alibaug
MUMBAI: The Bombay high court on Tuesday said it failed to understand why local civil courts granted injunction orders on demolition of illegal private structures along the Alibaug beachfront in… Read more »