Kotak Realty Raises Rs 1,600 Crore For Residential Projects

Mumbai: Kotak Mahindra Group’s private equity arm has raised Rs 1,600 crore to invest in residential projects across six cities over the next 3-4 years. “We have closed a fresh commitment of Rs 1,600 crore from institutional investors for equity investments in residential projects in the six major metros,” Kotak…

Supertech to Invest Rs 5,706 Crore in Haryana

Representational image New Delhi: Realty firm Supertech on Tuesday announced an investment of Rs 5,706 crore over 7 years to develop affordable housing and township projects in Haryana and generate 5,000 employment opportunities. Supertech has signed a memorandum of understanding (MoU) with the Haryana government in this regard at an…

PE Investment Rises Sharply In Real Estate Sector

Private equity (PE) investments from foreign funds in Indian realty sector rose by 33 per cent to Rs. 14,974 crore during last year, according to property consultant Cushman & Wakefield. In a recent report entitled ‘Opportunities for foreign investors in Indian Real Estate’, Cushman & Wakefield has reported that Mumbai…

Real Estate Regulator Now A Step Closer To Reality

New Delhi: The Rajya Sabha passed a bill on Thursday to regulate the real estate sector, protect home buyers and ensure the timely execution of projects with an aim to boost investor confidence and stamp out illegal practices. The new rules, applicable to residential and commercial developments, will make it…

Builders Welcome Regulatory Bill, Say Provision of Jail Harsh

New Delhi: Realty developers and consultants on Thursday hailed passage of the Regulatory Bill in the Rajya Sabha, saying the law would bring credibility to property business and protect consumer interest but felt that some of the provisions like imprisonment were harsh. The developers expressed dissatisfaction over inclusion of the…

Realty Stocks Jump After Rajya Sabha Clears Real Estate Bill

The bill provides protection to home buyers if the developer fails to hand-over property on time Shares of property developers outperformed the broader stock markets on Friday, with the sub-index of realty stocks on the Bombay Stock Exchange gaining 3 per cent against 0.5 per cent rise in the broader…