Sector: Real Estate
Elon Musk Is Wrong. the Housing Market Won’t Crash.
Elon Musk tweeted that US home values are set to plummet. Selma Hepp, the chief economist at CoreLogic, said that’s not going to happen. The nation’s dearth of housing supply will keep home prices high and prevent a crash. Elon Musk, the world’s richest person and TIME’s 2021 person of the year, has voiced polarizing … Read more
Raymond sells FMCG business to GCPL. Demerges Lifestyle.
Restructuring/ consolidation continues at Raymonds. It has taken further key decisions – 1. The associate Company, Raymond Consumer Care Limited (RCCL), sells FMCG business to Godrej Consumer Products (GCPL). The divested business include condom brands KamaSutra and Premium and deodorant brands Park Avenue and DS. Raymond’s condom plant in Aurangabad, Maharashtra, will continue to do the … Read more
Govt proposes taxation changes related to REITs, InVITs
Seeking to widen the tax base, the government on Wednesday proposed to tax income distributed by business trusts like REITs and InVITs in the form of debt repayments at the hands of unitholders. “It is proposed to tax distributed income by business trusts in the hands of a unit holder (other than dividend, interest or … Read more
WeWork to cut 300 jobs globally as inflation weighs on workspace spending
WeWork Inc said on Thursday it plans to cut about 300 roles across countries to cut costs as high inflation weighs on office workspace spending. The New York-based company, which offers workstations, private offices and customized floors, had enjoyed a pandemic-driven shift to flexible work outside traditional offices. But with companies cutting their spending, WeWork … Read more
Realtor.com® Launches Enhanced Listing Intelligence for Agents
New features give real estate professionals predictive insights to help sell their clients’ homes in today’s challenging market SANTA CLARA, Calif., Jan. 10, 2023 /PRNewswire/ — In a cooling housing market, real estate professionals may find they have to work harder to win a listing and make a sale. New enhanced listing intelligence features from … Read more
At least 38 JNU, IIT-Delhi professors duped of crores by colleague in real estate fraud
Several professors of JNU and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a DDA plot under a housing development scheme which was never there. After waiting for over seven years, when these academics did not get anything except hollow promises, their patience ran … Read more
BK Modi Group plans to invest $1 bn in 5 years in realty, wellness
BK Modi Group plans to invest about USD 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth potential in these two sectors. In an interview with PTI, group founder B K Modi asserted that there is a tremendous scope of bringing new technologies in the … Read more
Why Buying Real Estate in 2023 Could Be a Smart Investment
A handful of successful real estate investors agree that mortgage interest rates aren’t too high. Of course, they’re higher than what we saw last year, but that was a unique situation. Rather than letting market conditions dictate how you invest, focus on what you can control. A handful of successful real estate investors agree: Stop … Read more