Mall supply to gain momentum, approx. 11 msf expected: Cushman & Wakefield

Accommodation Times News Service Coming in the wake of demonetisation, a recently released report by Cushman & Wakefield has estimated approximately 11 msf of mall supply to become operational across the eight cities of Ahmedabad, Bengaluru, Chennai, Hyderabad, Mumbai, Kolkata, NCR, and Pune. The report claimed that Hyderabad, which is among the

We foresee a friendly budget this time: Himanshu Kanakia, MD, Kanakia Spaces

Accommodation Times News Service The Real Estate industry has witnessed several positive movements in 2016. Real Estate sector contributes close to 12 – 15% of the GDP and is connected to many ancillary industries. The budget is a precursor for the year and a platform to announce policies. However, apart from the budget, the

SEBI notifies disclosure requirement for REITs

Securities and Exchange Board of India (SEBI) notified financial disclosures required in Real Estate Investment Trusts (REITs) offer documents and public listing norms. In a circular issued today, SEBI said that the offer document would comprise of financial details of past three years of all the assets involved and will also

Industry speak: Real Estate Outlook for 2017

Mr. Surendra Hiranandani, Chairman & Managing Director, House of Hiranandani Accommodation Times News Service Deregulation will be the key to future success of the sector The year 2016 brought in ground breaking changes and transformation in the real estate industry that had not been witnessed for the past two decades. The various policy

Amendments to India REIT

SEBI informed of amendments to Real Estate Investments Trust, mirroring the directives put forward in the proposed draft released during July, 2016. The key amendments to the proposed draft are as follows: 1) Holding structure has been approved; 2) Above 20% REIT value in development property is not allowed. 3) From now on, even