Private Equity deals in Indian real estate and infrastructure reached $2.32 billion in H1 2008, a slight increase but with smaller deal sizes. Sluggish market conditions and funding challenges led developers to seek PE funding, with Red Fort Capital and others closing deals.
Indian real estate developers are increasingly recruiting B-school grads, offering competitive salaries and senior roles to enhance their professional image and meet growth demands.
Indian real estate market slump impacts London's AIM-listed property funds, with negative returns and decreased market capitalization for developers like Unitech and Hirco.
RBI's interest rate hike may further slump real estate demand, leading to 5-15% price correction and delayed projects.
Unitech scraps $600M REIT listing in Singapore, shifts focus to private equity funding for real estate projects.
Indiabulls Properties Investment Trust debuts on Singapore Exchange with uninspiring opening, closing 10% below issue price
Leading real estate developers, including DLF and Omaxe, are collaborating with the Punjab government to deliver affordable housing solutions costing under one lakh rupees each.
Indiabulls Real Estate extends REIT float in Singapore due to poor retail investor response, despite institutional oversubscription.
Realty stocks are experiencing a significant decline due to market uncertainty, a slowdown in the real estate sector and rising input costs. Major players like DLF and Unitech have seen substantial drops in their share prices.
Despite a nationwide economic slowdown, real estate prices remain resilient while shares of real estate companies have plunged, prompting cautious sentiment among investors and brokers.
Global architects are entering the booming Indian real estate market. Renowned firms like Foster + Partners and HOK are collaborating with Indian developers on large-scale projects, signaling a new era of design and development.
Emaar MGF in talks with Goldman Sachs, Deutsche Bank for $800M investment in 3 SPVs
Realty stocks surge in afternoon trade, with BSE Realty index up 3.7%. DLF leads with a 7% gain, followed by other prominent players like Unitech and India Bulls Real Estate.
Unitech Ltd is set to launch 1,200 sq ft homes in Greater Noida, while also developing the NKID project near Kolkata in collaboration with Salim Group and Universal Success.
Despite a real estate slowdown, land deals in India thrived in Q1 2008, reaching Rs 23,000 crore, with another Rs 10,000 crore in the pipeline.
Amidst declining home sales, Indian real estate developers are shifting focus to the luxury housing segment, targeting NRIs and high net-worth individuals.
Indian real estate tycoons, including DLF's KP Singh and Unitech's R. Chandra, have experienced significant wealth reduction due to the recent stock market decline.
Unitech, Indiabulls, and DLF postpone REIT listings on SGX due to market conditions, opting for private placements and domestic funding.
RBI's decision to hold interest rates steady has disappointed the real estate sector, which is grappling with a housing slowdown. Industry experts express concern over high mortgage costs and anticipate varied impacts across markets.