Housing Shortage Will Hit India, Knight Frank Predicts

India is predicted to face severe housing shortage. According to the global real estate consultant firm Knight Frank, housing shortage will be one of the main problems India will have to handle in the near future. By the year 2031 the population, residing in the top Indian cities, will be over 600 million. The government […]

Unitech Scraps Singapore Reit

India’s second-biggest property firm, Unitech, has scrapped plans to list a US$600 million ($824 million) real estate investment trust here.Its big rival, DLF, which is India’s biggest developer, did likewise in March, announcing it would delay its listing plans.

REIT Road Cracks For Realtors

MUMBAI: It’s second-time unlucky for Indian realtors hoping to garner some desperately needed cash by floating their real estate investment trusts in Singapore. On 5th june, Indiabulls Real Estate said its plans to float a Reit to mop up $286 million is being extended. Analysts said this was due to very poor response from retail […]

Developers shrug off REIT plans, looking out of the country

MUMBAI – Property developers are expected to turn overseas to list Real Estate Investment Trusts (REITs) as proposed local rules favour funds and small investors rather than real estate companies, officials said. Developers are hoping to recover costs by selling properties to REITs in which they hold a controlling stake. However, draft rules, which restrict […]