Sector: Real Estate
The Fed is watching housing ‘carefully’ and hopes builders catch up to the red-hot market, Chair Powell says
The Fed is “carefully” watching the housing market as huge demand sends prices soaring, Chair Jerome Powell said. The central bank doesn’t see “the kind of financial stability concerns” that fueled the 2008 crash, he added. Powell said he hopes homebuilders react “and come up with more supply,” which would also boost job growth. See … Read more
What the future of coworking might look like for the self-employed as they seek out ways to network, collaborate, and set up shop
Entrepreneurs and freelancers have long relied on coworking spaces to run their businesses. Real estate and coworking experts predict other options will replace coworking for the self-employed post-pandemic. These changes include more virtual coworking sessions, more permanent home offices, and unique spaces like Airbnbs, hotels, and boats. Traditional coworking often involves sitting shoulder to shoulder … Read more
DLF sells 90 independent floors for Rs 300 cr, plans more such projects
In Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New Gurugram and Panchkula among others. “Recently we launched 88 residences in form of premium independent floors (at a price point … Read more
I-T relief to realty sector to help developers liquidate unsold inventory: Finance ministry
The government’s move to allow primary or first sale of housing units costing up to Rs 2 crore at a price 20 per cent below the stamp duty circle rate would enable real estate developers to liquidate their unsold inventory and also benefit homebuyers, the finance ministry said on Friday. The Aatmanirbhar Bharat 3.0 package … Read more
A Wall Street expert says the dramatic shift in stocks last week reeks of investor complacency — and warns that many favorite trades remain vulnerable to losses
The popular momentum trade that involves buying market winners and selling losers suffered its largest one-day outflow in over three decades last week Monday. This dramatic shift marked a departure from stocks geared towards working from home, and reflected investors’ excitement about an effective vaccine. But Peter Tchir, the head of macro strategy at Academy … Read more
$10 Million In Penthouses Up For Auction In Miami-Dade & Los Angeles
Paramount Realty USA (PRUSA), New York’s leading real estate auction house, announced rare auctions for two penthouses in exclusive, amenity-rich new-development buildings on opposite coasts: one in Miami-Dade County, FL and the other in Los Angeles, CA. Miami-Dade County The first is a furnished 4-bedroom, 4,446 sq. ft. duplex penthouse with private, rooftop pool at … Read more
ET Analysis: Is Asian Paints innovating or piling on non-core businesses?
Asian Paints acquired a modular kitchen business in 2013, then a bathroom fittings business in the next year. With Covid striking, the company forayed into hand and surface sanitisers in May and has now announced the launch of floor and toilet cleaners. Is India’s largest decorative paints company innovating through its foray into growth-oriented consumer … Read more