Around 150 migrant workers, who had left for home in the wake of the coronavirus lockdown, returned to construction work in Noida Saturday, a realtors’ body said. The workers had gone to their homes in Deoria district in eastern Uttar Pradesh and their return would help developers complete the projects soon, the state unit of…

Site visits have held immense value in a property purchase decision. The feeling of personally visiting the location and examining it has had no other alternative until COVID entered our lives. Fence-sitters who were planning on investing in the property were left with no other option but the virtual tours. Developers who are very rational…

The latest online survey is based on responses from 2,899 members from 13 different industries across the weeks of June 29 to July 26. The confidence level of Indian professionals is on a steady rise with 1 in 3 expecting their personal savings to increase in the next six months, amid easing of COVID-19 lockdown curbs, a survey said on…

Between 2010 and 2015 there was a wave of second homes in and around Mumbai. Places like Lonavala, Alibaug, Shapur, Boisar etc. suddenly emerged as hot destinations. Many leading developers, including Tata Housing, Mahindra Life spaces, Lodha Developers, Hiranandani group etc., ventured into these new hotspots with a range of housing products. At the same point of time,…

The stabilization has created a surreal disconnect between tech startups and the broader economy. Getaround, a car-sharing startup, started the year by laying off 150 employees and scaling back some operations after it spent too much on a rapid expansion. Two months later, with the spread of the coronavirus, business got even worse. The company…

The Prestige group may also sell 50 percent stake in about 3-4 million of office projects under construction, they added. Leading realty firm Prestige group is in advance discussion with global investment firm Blackstone to sell its various commercial assets for an estimated Rs 12,000-13,500 crore as part of its strategy to clear debt and achieve future growth, sources…

The goal is to provide real estate investors, owners and operators predictive models on market and portfolio resiliency over the next six to 24 months based on the dynamics shown to affect the performance of commercial assets both positively and negatively.   The Building Owners and Managers Association (BOMA) International, Yardi and Brightline Strategies announced today…

After months of protests and Covid-19 restrictions, Hong Kong’s biggest property tycoons are feeling the pinch. At Peter Woo’s Wharf Real Estate Investment Co., retail rental income plunged by almost a third in the first half of the year, leading to a loss and a HK$7.4 billion ($955 million) hit to its portfolio. Revenue from Hong Kong property sales…