Author: RM Bureau

Ingersoll-Rand (India) geared up to roll out mission critical products for its customers across industries in 2020~2021

Ingersoll Rand, a global leader in mission-critical flow creation and industrial technologies has announced the launch of a new rotary screw compressor and small recipe in India. The announcement comes as a part of the company’s larger plans of launching an extensive product portfolio in the year 2020~21 in India over the coming months. These products will bring the best of trusted Ingersoll Rand ...

Elan Group offers two-year fixed rentals on ready to move in studio apartments

In good news for expatriate workers and working professionals amid this gloom unleashed by COVID-19, Gurugram based Elan Group has announced the first time ever, a unique proposition on ready to move in luxury serviced residencies named Altura, located at their project Elan Mercado NH-8, sector 80 Gurugram. Elan has announced fixed rentals for two years on 1BHK and 2BHK luxury residencies. There a...

The Global Real Estate Transparency Index Ranking Reinstates Focus on Indian Realty Sector

In the recent launch of the 11th edition of Global Real Estate Transparency Index (GRETI) by JLL and LaSalle, India has ranked 34th on the index and has registered one of the largest improvement globally and regionally. The widely considered transparency index which evaluates on more than 200 variables, has up-ranked India on variables such as transparency, legal and regulatory framework, performa...

SRA relaxes premiums and approvals timeline to fast track slum housing in Mumbai

The Maharashtra State Housing Ministry today announced a series of relaxations in its slum redevelopment policy to ensure faster availability of housing for slum dwellers in Mumbai Metropolitan Region (MMR). Addressing a web press meet on Thursday, State Housing Minister Mr Jitendra Awhad announced that various premiums related to slum redevelopment projects have been relaxed by way of reductions ...

Signature Global launches ‘Golf Greens 79’ in Sector 79, Gurugram

Signature Global, India’s no. 1 Affordable Housing Company, announced the launch of its 20th Housing Project ‘Golf Greens 79’ in Sector 79, Gurugram. The project is launched under the Haryana Affordable Housing Policy and its cost is Rs 225 crore. Away from the hustle-bustle and set in the foothills of Aravallis, it will have 1 and 3 BHK options with a total number of 852 housing...

At 14% ROI, India REITs Outperformed BSE Realty Index

-by Shobhit Agarwal, MD & CEO – ANAROCK Capital 1st April 2019 was a historic date for India as the country’s maiden REIT was listed on the bourses. The euphoria on Dalal Street was evident with investors placing 181 million bids and the issue being oversubscribed by 2.6 times. On the day of listing, the scrip closed at INR 314.10 per unit, up 4.7% from its issue price of INR 300 – vouch...

ABA Corp. expressed their gratitude to frontline police workers

Police personnel has truly gone way beyond in delivering their services during the Corona pandemic, irrespective of day and night. In order to applaud their efforts, and appreciate their valuable contribution ABA Corp has donated a set of two sanitizing machines, 5 Litres of sanitizer, 250 masks, and 10 shields to several police stations in Gautam Budh Nagar. The police authorities and representat...

COVID-19 impact on Retail Real Estate

The increasing spread of the Covid-19 pandemic in India, starting from mid-March 2020 and the resultant preventive measures taken by the Central and various state governments have severely affected retail mall operations. As per ICRA Research, the mall operators have been significantly impacted due to the closure of operations for around three months. Over the last few weeks, though malls in some ...

More supply likely as demand* growing in co-living 

Realty WEBSERIES which is being organised by ICCPL, country’s leading PR firm in association with Realty & More, a renowned realty magazine, saw deliberations on ‘Co- Living Market post Covid 19’ in its 8th edition of the webinar.  Overall the co-living market in India is pegged at USD 4-5 billion and by 2025 it is expected to grow to USD 10-12 billion by 2025. Panelists discussed ...

Commercial realty will leap back to normal by Q4

The outbreak of COVID-19 pandemic has put real estate deals on hold across the world but the sector is hopeful and poised for recovery as early as the fourth quarter of 2020. Real estate experts are anticipating that huge pent up demand created due to the ongoing lockdown will propel prices and push commercial real estate towards an upward trajectory. As per the recent industry reports, the commer...

Housing Sales Drop 81% y-o-y in Q2 2020, New Launches by 98%

Housing sales and new launches have plunged to a new low across India’s top 7 cities in Q2 2020. Latest ANAROCK research reveals that residential sales in the quarter plummeted by 81% on a yearly basis in these cities – from 68,600 units in Q2 2019 to just 12,720 units in Q2 2020. Concurrently, new launches fell by 98% in the period with merely 1,390 units getting launched this quarter. New launch...

Aerial Disinfection Drone by Maharashtra Cabinet Minister Aaditya Thackeray

Embassy Services Pvt. Ltd. (ESPL) in collaboration with the Brihanmumbai Municipal Corporation (BMC) launched the first of its kind Drone Disinfection Drive in Worli, Mumbai on the 22nd of June. The significant event was launched by Maharashtra Cabinet Minister Aaditya Thackeray and the honourable Mayor Kishori Pednekar amongst other dignitaries. This method was used for the disinfection of mosqui...

CredR to Provide a Helping Hand to Landlords Looking for Alternative Income Source

With the loss of rental income due to COVID-19, most landlords who have rented their properties, are now struggling to maintain steady incomes and revenue. As per an advisory issued by most state governments in March, landlords of commercial and residential real estates were asked to voluntarily defer or forfeit rent for a period of 60 to 90 days. While this may have come as a wave of relief for t...

SATO introduces innovative handwashing solution

SATO, LIXIL Group Corporation’ssocial business that aims to solve water, sanitation, and hygiene problems by providing affordable and easy-to-install sanitation systems to local communities around the world, has today introduced its new handwashing solution called the‘SATO Tap’. According to UNICEF, 40% of the world’s population still do not have access to basic handwashing facilities at home. To ...

4.66 Lakh Homes Scheduled for 2020 Delivery May Miss Deadline

If not for COVID-19, the top 7 cities were to see the delivery of nearly 4.66 lakh units by 2020-end. Launched after 2013, many of the projects were in the final leg of completion. With almost zero construction activity in the last few months due to the lockdown, the completion deadlines for almost all these projects have got extended. Most state RERAs have already given a 6-month extension to dev...

Shriram Housing Finance Limited raises Rs.300 cr from Banks

Shriram Housing Finance Limited (SHFL) amidst the current challenging circumstances prevailing in the financial sector, has raised long term debts of around Rs.300 crore from the banking sector. The company raised Rs.250 cr long term Loan from a PSU Bank at 8.50%, the loan being repayable in 5 years. The company has also raised Rs.40 cr NCD under TLTRO 2 at an annualised coupon of 8.55%. With this...

Manufacturing in the Post Pandemic Era

– by Amit Khanna In his seminal 2005 book, “The World is Flat”, Thomas Friedman convincingly argued that the barriers to globalisation had disappeared and that the world was collectively entering a phase of extraordinary economic efficiency. Goods would be produced where they could be made most cheaply and then shipped all over the world, often just in time for consumption. The concurrent li...

AkzoNobel India announces full year results for 2019-20

Today, the Board of Directors of Akzo Nobel India Limited approved the financial results for the quarter and the year ended March 31, 2020.  Performance highlights  Year ended 31 March 2020  Revenue from operations at ₹2,661.8 crores declined 9% over the previous year  Profit from operations at ₹300.1 crores grew by 8% over the previous year  Profit after Tax was ₹237.4 crores grew by 13% over the...

Do not depend on Chinese manufactured goods, promote Swadeshi: CREDAI

Standing in solidarity with the nation and as a mark of tribute and respect to the Galway valley martyrs, CREDAI, the apex body of the real estate sector, representing 20,000 developers Pan India, has urged upon its members not to depend on goods manufactured in China and encourage usage of  Swadeshi products. Elaborating further on the initiative Satish Magar, President, CREDAI National said, “We...

Akshaya Pvt Ltd brings homes furnished with IKEA products

Leading real estate developer, Akshaya Pvt Ltd, regarded highly for its quality, innovation, transparency & ethical business practices, brings a unique opportunity for its Chennai homebuyers to have their homes furnished with IKEA products. Akshaya Pvt Ltd is the first real estate developer from Tamil Nadu to offer homebuyers a better lifestyle experience with their future homes coming equippe...

ICICI Home Finance launches SARAL affordable housing loan

ICICI Home Finance(ICICI HFC) has launched SARAL – an Affordable Housing Loan aimed to fund homes in urban and rural areas. Developed for women, lower, middle-income customers and economically weaker sections having maximum household income up to INR 6 lakhs annually. The SARAL affordable housing loanis available at an interest rate starting from 7.98% onwards, for a maximum tenure of 20 years. Cu...

Real estate remains a preferred asset class for investors

The real estate consumer remains positive with regard to the economic scenario and income stability for the coming six months; according to ‘Concerned yet positive – The Indian Real Estate Consumer (April – May 2020)’ a report jointly released by National Real Estate Development Council (NAREDCO) and  Housing.com.  Real estate (35%) is still perceived as the preferred mode of investment, followed ...

Will the Govt. Partner with Developers to Revive Housing in 2020?

 – Anuj Puri, Chairman So far, 2020 was a nightmare for most industries, including Indian real estate where COVID-19 collided with all segments, causing varying degrees of damage. Commercial office space growth – on a bull-run over the last six years – has also hit the pause button as many large companies explore the work-from-home option. Residential sales are severely impaired due to the p...

A New Reality – Real Estate Sector post COVID 19

– by Mr. Rajesh Goel COVID-19 has impacted all of us in many ways, changing our lifestyle, values, and beliefs significantly. Given that our collective memory is short, as evidenced by past events, COVID is still going to have a much longer-lasting impact on us. And some of this will become a permanent part of our consciousness, the ‘new normal’. The way we live, and more so, the way we woul...