April 2024

Institutional investments in real estate touch .0 billion in Q1 2024; share of domestic investments improve

Institutional investments in real estate touch $1.0 billion in Q1 2024; share of domestic investments improve

Institutional investments in the real estate sector touched $1.0 billion in the first quarter of 2024. While this was a 40% drop compared to the same period last year, real estate investments showed improvement on a sequential basis registering 21% QoQ rise, a report by Colliers has said. Office continued to drive capital inflows with a commanding 57% share in Q1 2024; Hyderabad and Pune...

Bengaluru-based Sobha Ltd gets ₹46 crore income tax demand notices; company to file appeal

Bengaluru-based Sobha Ltd gets ₹46 crore income tax demand notices; company to file appeal

Listed real estate firm Sobha Ltd has received demand notices of nearly ₹46 crore from the Income Tax Department. The Bengaluru-based company said that it is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), against the orders within the prescribed timelines. Listed real estate firm Sobha Ltd has received demand notices of nearly ₹46 crore from the Income...

Green mortgages set to take off as US makes homes fit for future

Green mortgages set to take off as US makes homes fit for future

By Carey L. Biron With billions of dollars in US federal subsidies soon expected to start flowing in a push to make housing more sustainable, some experts expect interest in green mortgages to boom.(Pixabay) WASHINGTON, April 2 (Thomson Reuters Foundation) - Jules Fishelman had ambitious plans to green up his century-old home in Burlington, Vermont, but the cost and logistics felt...

Washington office building sold at 75% discount: ‘US real estate on fire sale’

Washington office building sold at 75% discount: ‘US real estate on fire sale’

A Washington DC office building was sold at a massive 75 per cent discount, a real estate entrepreneur said. Sharing details of the building, he said that the 175k sq ft tower at 1101 Vermont Avenue was sold for $16 million. The building was last sold for $60 million in 2006, he shared adding that the building's assessed value in 2018 was $72 million in 2018. The entrepreneur also claimed that...

Railways may lease out land to real estate developers in Delhi, Mumbai and Bengaluru | Latest News India

Railways may lease out land to real estate developers in Delhi, Mumbai and Bengaluru | Latest News India

India’s largest landowner, the Indian Railways, has identified 341.93 hectares of prime land across the country which will be given out to private developers on a 90-year-lease, and from which the railways hopes to generate ₹5000 crore. In 2023-’24 the railways recorded a marginal surplus of ₹2,210 crore. In Mumbai, 19.22 hectares of railway land has been transferred for the Dharavi...

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