02ND OCTOBER 2019 NEWS

REALTY NEWS

Prestige Group inks JV with DB Realty to develop hospitality-led project in Delhi

Publication: ET REALTY Date : 02 OCTOBER 2019

BENGALURU | MUMBAI: Realty developers Prestige Group and DB Realty have entered into a joint venture to develop a hospitality-led mixed use project spread over 7.7 acre land parcel in Delhi’s Aerocity. Prestige Group is planning to build India’s largest hotel and convention centre on the said land parcel.

WeWork India focused on expansion with accelerated path to profitability: Embassy Group

Publication: ET REALTY Date : 02 OCTOBER 2019

NEW DELHI: Realty firm Embassy Group, which owns WeWork India, on Tuesday said there will be no impact on the Indian operation of co-working business due to deferment of initial public offering of US-based WeWork.

PMC Bank crisis: HDIL says loans taken after giving 'adequate security' cover

Publication: ET REALTY Date : 02 OCTOBER 2019

NEW DELHI: Crisis-hit HDIL on Tuesday said that loans taken from banks including Punjab and Maharashtra Cooperative Bank were in normal course of business after providing adequate security cover and that it is ready to discuss with the bank to protect the interest of depositors.

Three pitfalls of going for festive subvention deals

Publication: MINT Date : 02 OCTOBER 2019

Real estate subvention schemes look attractive, but know their disadvantages too. While you may consider one of the offers if you find it suitable, you should be wary of subvention schemes even if they look attractive

03RD OCTOBER 2019 NEWS

REALTY NEWS

Number of distressed real estate developers doubles after collapse of IL&FS

Publication: BUSINESS LINE Date : 03 OCTOBER 2019

The number of Indian real estate companies tipped into insolvency has doubled in less than a year since the collapse of a key non-banking financial company (NBFC), an event often compared to the

Three things to watch out for in RBI's Friday policy meet

Publication: MINT Date : 03 OCTOBER 2019

A Bloomberg poll of 25 economists showed that a 25-basis-points cut to 5.15% in the repo rate is widely expected Besides transmission of rates, MPC’s commentary on growth will also be important in the current day scenario

‘Commercial Realty Absorption Jumps 40% in Jan-Sept’

Publication: ECONOMIC TIMES Date : 03 OCTOBER 2019

Mumbai: The first nine months of 2019 have seen commercial real estate pan-India net absorption jump 40% to over 33 million sq ft, surpassing the performance of the entire years of 2017 and 2018. The last two calendar years saw net absorption of 28.7 million sq ft and 33.2 million sq ft, respectively.