The state of real estate across the world is in flux. The pandemic caused by Covid-19 depressed demand while it has us all locked inside. But behind those shuttered doors and through technology, proptech is seeking to overturn the established market in both foreseeable and less expected ways.  Housing and Houses in Mexico At first…

The country’s real estate market is set for a slow recovery but the long-term prospects remain extremely positive, says Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE. In an exclusive interaction with BusinessLine, Magazine said, “The sector will see some consolidation, structural changes, and the office segment will continue to…

ZenSpace recently partnered with the Hyatt Regency Santa Clara as part of its pilot program showcasing its state-of-the-art SmartPod technology.  ZenSpace announced today a variety of on-demand, flexible workspace solutions specifically tailored to meet the changing needs of today’s workforce. Enterprises and commercial real estate operators can utilize Zenspace’s technology to create an instant business lounge environment for…

There is also a facility of renewal of registration through the portal.  Amid the coronavirus-induced lockdown, Delhi Development Minister Gopal Rai on Friday launched an online portal where construction workers can register themselves with the government. At present, there are around 40,000 construction workers registered with the Construction Workers’ Welfare Board headed by Rai.  In a statement, the minister…

The IRP wil file a status report with regard to implementation of the approved resolution plan soon. Sumant Batra, counsel for Interim Resolution Professional (IRP) for Jaypee Infratech on Friday informed the National Company Law Appellate Tribunal (NCLAT) that the Interim Monitoring Committee in terms of order dated April 22, 2020 has been constituted. The IRP wil…

The scrip closed 15.77 per cent higher at Rs 116.70 on the BSE. Shares of India Cements jumped 16 per cent on Friday after data showed ace investor Radhakishan Damani hiked stake in the cement maker during the March quarter. The scrip closed 15.77 per cent higher at Rs 116.70 on the BSE. At the end of March quarter,…

The residential rental market in Mysuru has wilted under the pressure of Covid-19 pandemic. Real estate agents say the house rent in city limits has plunged by 10-20% in the past one month. Adisheshan Gowda, the Mysuru chapter chairman of National Real Estate Development Council, agreed that rents have reduced due to the Covid-19 crisis and lockdown.…

About 45,000 of these unauthorised properties were either 20×30 or 30×40 sites. The Karnataka cabinet on Thursday approved an ordinance aimed at regularising an estimated 75,000 unauthorized properties on the Bangalore Development Authority (BDA) land, by levying a penalty. According to an estimate, these unauthorized properties are located on about 6000 acres of BDA land, Law and Parliamentary…

The company said last quarter it had $4.4 billion in cash and cash commitments as of end of 2019. The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but the money-losing shared office operator did not mention profitability in an…