Industrial and logistics investments highest in 5 years at USD1.1 bn Residential investments highest in 4 years at USD0.9 bn Investments into alternate assets up 26% YoY Real estate institutional investment volumes closed at USD4billion in 2021. Although it is a 17% dip yoy, capital flows came on a broad-based recovery across most asset classes, geographies and doubled in the number of deals compared to 2020. Further, the dip is noticed as some large transactions had concluded in 2020. 2021 has been one of the best years for the industrial & logistics and residential sectors, accounting ..read more

Road Transport and Highways Minister Gadkari said that he is not very happy with the approach of steel and cement companies and stressed that there was a need to encourage new materials like carbon steel and steel fibre. Union Minister Nitin Gadkari on Tuesday said one of his missions is to reduce the usage of steel and cement in road construction as these companies indulge in cartelisation. Road Transport and Highways Minister Gadkari said that he is not very happy with the approach of steel and cement companies and stressed that there was a need to encourage new materials like carbon steel a ..read more

The goal is to provide more than 5,000 beneficiaries with the first or second dose of the Covishield vaccine at various construction sites in Gurgaon, Noida and Ghaziabad until March 15, 2022. CREDAI-NCR, a real estate agent group, announced on Tuesday that it will provide free vaccinations to more than 5,000 construction workers and their families by March 15 as part of an effort to control the COVID-19 pandemic. He said he was aiming. CREDAI-NCR, in collaboration with the HT Parekh Foundation and HDFC Capital, has launched a free vaccination drive promoted by Narayana Superspeciality Hospita ..read more

“The company will invest approximately Rs 110 crore to redevelop the housing project as part of its plan to expand footprint and build residential properties in key prime markets of Mumbai,” Ajmera Realty said in a statement. Ajmera Realty & Infra India Ltd on Monday said it will invest Rs 110 crore to redevelop a housing society in Mumbai. The company has executed a development agreement to undertake redevelopment of Fairyland Co-operative Housing Society, located at Juhu in Mumbai. “The company will invest approximately Rs 110 crore to redevelop the housing project as part of its plan t ..read more

Q3FY22 Pre-sales of Rs. 4500 cr+ – Rs. 2,608 Cr. In India and GBP 191 million (~INR 1910 crores)  in UK  6 new joint development agreements (JDA) in Q3FY22 added with GDV potential of ~Rs. 10,000  crores.  India net debt down to INR 9,925 Cr Lodha Group reported a roaring quarterly performance with pre-sales of Rs. 4500 crores+ (Rs. 2,608 Cr. In India and GBP 191 million in UK), the addition of 6 new projects with GDV potential of ~Rs. 10,000 crores, as well as the reduction in debt below Rs. 10,000  crores (Rs. 9,925 crores). This was the best quarterly sales perfo ..read more

According to police, the matter came to light after it received a complaint from one of the victims alleging that a housing society cheated him of lakhs. The Economic Offences Wing of Delhi Police has arrested two men for allegedly cheating people of Rs 4.6 crore in the name of land pooling policy of DDA, officials said on Tuesday. Jatin Gulrajani (39), a property dealer, and his associate Raj Kumar (42), who is into computer repair business, were arrested after an investigation in the fraud, they said. According to police, the matter came to light after it received a complaint from one of t ..read more

Justice Subramonium Prasad, who was hearing Ansals’ plea for suspension of their seven-year jail terms in the evidence tampering case, suggested releasing them on interim given their advanced age and the COVID-19 situation, while asking the trial court to decide their appeals against the conviction. The Delhi Police Thursday told the High Court that it has serious objections to real estate barons Sushil and Gopal Ansal being released in the Uphaar cinema evidence tampering case due to the coronavirus situation. Justice Subramonium Prasad, who was hearing Ansals’ plea for suspension of their se ..read more

The decision to set up these hubs was based on the recommendations of a working group on loss prevention and minimisation in the general insurance industry The regulator Irdai on Thursday decided to set up two hubs on motor insurance and property insurance and also an advisory committee with the overall objective to promote loss prevention measures in the general insurance industry. “It has been decided to form a hub on property insurance at ‘National Insurance Academy (NIA)’ and one on motor insurance at ‘Institute of Insurance and Risk Management (IIRM),” the Insurance Regulat ..read more

With Prashant on board, Insomniacs is looking to bolster the bottom line for the entire real-estate community through technology. Real estate, data analytics, and technology network, Insomniacs has on-boarded Prashant Tyagi as Vice President for their National Capital Region (NCR) chapter. This appointment is in line with their PAN-India expansion strategy. At its helm, Prashant will be responsible for expanding Insomniacs’ footprint in North India. He will also build robust synergies with the local real estate community. The move aims at bringing greater velocity and enhanced performance to t ..read more

With this performance, NCR comes second only to MMR in terms of sales during the whole of 2021. MMR witnessed housing sales of approx. 76,400 units in entire 2021 while NCR saw sales of approx. 40,050 units. As per ANAROCK Research, entire NCR saw housing sales increase by 73% – from 23,210 units in 2020 to 40,050 units in 2021. Back in the pre-COVID-19 period of 2019, total sales in the region were approx. 46,920 units, thereby reaching 85% of the pre-Covid period. With this performance, NCR comes second only to MMR in terms of sales during the whole of 2021. MMR witnessed housing sales of ap ..read more