Category Archives: Real Estate News

Tata Realty & Infrastructure (TRIL) is planning to list its Real Estate Investment Trust (REIT) with around 20-million-sq-ft of commercial assets in the next couple of years. The real estate development arm of Tata Group is looking to expand the size of its commercial portfolio to over 20 million sq ft from current ready and […]

The state revenue department has issued a circular to all registrars that they “may not insist” on a no-objection certificate from Maharashtra Real Estate Regulatory Authority (MahaRERA) to register property documents. Experts said the circular issued on Friday is so poorly drafted that it will not resolve a problem created by the revenue department in November last […]

A 2 to 3% reduction in stamp duty on property registrations in the state in likely to boost transactions, according to state revenue minister Balasaheb Thorat. Though it may affect the state exchequer, the minister told TOI that the proposal is being discussed by government. “Developers want reduced stamp duty rates. As of now, it […]

Mumbai’s Slum Rehabilitation Authority (SRA) has decided to grant permissions within seven days of application by developers to commence a project’s rehabilitation component in a bid to expedite redevelopment of dense slum pockets in the city. However, this comes with a condition that the developer has to fulfil all statutory compliances including initial documentation and […]

Co-working firm WeWork India on Thursday announced discounts up to 50 per cent for 3 months and free access to its members to over 800 centres globally, as part of its strategy to attract new clients amid the COVID-19 pandemic. The company globally has 828 centres in over 149 cities and 38 countries. WeWork India, which is owned by […]

Overseas debt investors appear to be buying Indian distressed assets again after a prolonged pause. About Rs 7,000 crore of Dewan Housing Finance (DHFL NSE 2.88 %) bonds changed hands in the secondary market in the past few weeks, albeit at discounts of 70-80 per cent. Deutsche Bank (DB) was the sole buyer of the […]

Amazon has leased about 2.8 million square feet of space in Bengaluru, Chennai and Mumbai to expand its offices in India as online customers shop more frequently and with larger baskets. The Chennai office will come up in the Brigade World Trade Centre. In Mumbai, it has signed a long-term lease agreement for space at […]

Shapoorji Pallonji Real Estate (SPRE) has raised $100 million (around Rs 750 crore) from non-banking finance company Asia Pragati, people with knowledge of the matter said. This is one of the biggest debt financing deals in real estate this year. According to sources, SPRE has gone for structured debt financing at a rate of around […]

Sobha has reported a dip of 93 per cent in its consolidated net profit in the first quarter of the financial year 2020-21. Its profit after tax (PAT) stood at Rs 6.6 crore in Q1 FY21 as against Rs 90.6 crore in the corresponding quarter previous fiscal, the company said in a BSE filing. The company’s […]

HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday. According to the HDFC Bank website, post the rate cut, the overnight MCLR stands at 7 per cent, the one month tenor stands at 7.05 per cent while the three-month MCLR is 7.10 […]