Sector: Real Estate
India would require 6.4 crore additional homes by 2036 because of population growth: Report
It would require 6.4 crore more homes by 2036 to match the housing demand of India’s increasing population, according to CREDAI-Liases Foras. “The additional housing requirement by 2036 due to the population growth is 64 million in India,” read the joint report released by realtors’ apex body CREDAI, in collaboration with data analytic firm Liases … Read more
Proxy advisory urges Raymonds independent directors to probe assault allegations
Gautam Singhania, the CMD had publicly announced his separation from his wife Nawaz Modi on November 13. In the aftermath, Nawaz Modi, also a board member, had alleged that she and her daughter were physically assaulted by Singhania in September 2023. On November 28, 2023, Institutional Investor Advisory Services (IIAS), an Indian proxy advisory firm, … Read more
Reverse insolvency for realty yet to take shape
A government move to protect homebuyers in bankrupt real estate projects is yet to take concrete shape given the way developers structure their projects, two people aware of the matter said. The so-called reverse bankruptcy framework was first proposed by the ministry of company affairs in a discussion paper in January. It would apply the … Read more
Bombay Dyeing selling worli land for Rs 5,200 cr
The Company has agreed to sell 22 acres in Worli to Sumitomo Realty & Development Company Limited, a large commercial real estate investor and developer in the Japanese market. Sale is in two phases Phase 1 –Â Bombay Dyeing (BDMC) will receive about Rs. 4,675 crore from the buyer by October 2023. Phase 2 – … Read more
Reliance Retail targets fund raise through InvIT
Reliance (RIL) is doing everything that one could possible imagine. Whether it’s fund raises or businesses, it’s everywhere. Now it’s subsidiary Reliance Retail Ventures (RRVL) has filed a document with SEBI to raise funds through the InvIT route. (This is the fourth InvIT from Reliance following it’s infrastructure trusts in gas pipelines, Jio telecom towers … Read more