Private Equity money shifts to commercial real estate, ignores residential segment

The last three years have seen a massive shift in private equity investment in the Indian real estate sector from residential properties to commercial properties, according to data compiled by Anarock Property Consultants. The share of residential sector within private equity investments in real estate fell to just 3% in 2018 from 47% in 2015, […]

Delhi Unauthorized Colonies: Centre sets up committee to study regularization feasibility

The central government has set up a committee under the Lt Governor of Delhi to study the feasibility of ‘regularizing’ the unauthorized colonies of Delhi. There are many areas in Delhi, particularly on the eastern and southern sides, where people have constructed shanties, and in some cases concrete houses, on government property. It is estimated […]

L&T wins orders from Mumbai Metro, PM Awas Yojana worth Rs 1,266 cr

Larsen & Toubro said it was awarded a Rs 928-cr contract by a government agency to construct 13,314 flats under the Prime Minister Awas Yojana Scheme. The flats, which will take the shape of 284 towers with four floors each, will be constructed in various locations of Krishna District of Andhra Pradesh, it added. “The scope […] says demonetization to hit Real Estate sales: re-enters rentals

Anticipating a slow down in home sales in the coming months in the wake of the crackdown on ‘black money’, will restart its rental classifieds business soon. The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had shut its rental listing last year to focus on the […]

Axis Bank adds augmented reality to mobile app

Axis Bank said it added an augmented reality-based feature on its Mobile App that will enable home seekers to search and locate properties which are pre-approved by the bank for financing. Jagdeep Mallareddy, Head Retail Lending, Axis Bank, said, “The new augmented reality feature will help users to easily identify any property that is available […]

Govt to build 36,254 houses for the poor in Karnataka for Rs 1,468 cr

Ministry of Housing & Urban Poverty Alleviation approved construction of 37,013 cr houses for urban poor in the States of Karnataka and Haryana with an investment of Rs 1,491 cr. An Inter ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita Mukherjee has approved construction of 36,254 houses for economically weaker sections in Karnataka with […]