February 2024

Commercial real estate market woes mount as assets get ‘stranded’ by CO2 rules

Commercial real estate market woes mount as assets get ‘stranded’ by CO2 rules

As if the commercial real estate market weren’t in enough trouble already, there’s a new risk lurking in property portfolios. Real estate companies are facing a major blow to asset valuations, as evolving European requirements drive investors and bankers to cut their exposure to buildings with a big carbon footprint. (Picture for representational purposes only)(Pixabay) Real estate...

Omaxe to develop 2 bus terminal projects in Lucknow and Ayodhya Dham

Omaxe to develop 2 bus terminal projects in Lucknow and Ayodhya Dham

Listed real estate firm Omaxe Ltd has emerged as the successful bidder for two bus terminal projects by the Uttar Pradesh State Road Transport Corporation and will be developing the projects in Amausi in Lucknow and Ayodhya Dham at an estimated construction cost of ₹385 crore. Omaxe Ltd has emerged as the successful bidder for two bus terminal projects by the Uttar Pradesh State Road...

Realtors, financial institutions optimistic about growth in real estate sector

Realtors, financial institutions optimistic about growth in real estate sector

The Current Sentiment Index Score remained firmly in the optimistic zone, rising to 69 from last quarter's score of 59, according to the 39th edition of the Knight Frank-NAREDCO Real Estate Sentiment Index for Q4 2023 (October-December 2023). A score of above 50 indicates 'optimism' in sentiments, a score of 50 means the sentiment is 'same' or 'neutral'. The score below 50 indicates 'pessimism'. The...

Jaypee Infratech Limited takeover plan likely to get UP cabinet’s nod soon

Jaypee Infratech Limited takeover plan likely to get UP cabinet’s nod soon

Nearly five months after the Yamuna Expressway Industrial Development Authority (Yeida) approved the Mumbai-based Suraksha Group’s resolution plan to take over the stuck realty projects of Jaypee Infratech Limited (JIL), the matter is to be tabled in the cabinet meeting of the Uttar Pradesh government next week for requisite approval, said officials in the know of the matter. Thousands of...

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