Priyanka Ghosh

Articles By Priyanka Ghosh

170 Articles

US retailers Gap, Forever 21, Aeropostale cut shop size in India; see reason why

A shuffle is taking place in the retail sector, with brands looking to right-size their outlets. Three American clothing and accessories brands — Gap, Forever21 and Aeropostale — have significantly cut down the size of th

Industry News

Uniqlo explores Delhi, Mumbai malls to open flagship India store

Uniqlo, the $16-billion global retail major with 958 stores worldwide, is now in the process of obtaining the requisite permissions to operate as a single brand retailer in the country.

Uniqlo, India, Delhi News

DLF debt reduction plan: QIP in offing, analysts estimate potential for borrowings to fall by Rs 13000 cr

Real estate major DLF on Wednesday said it is looking to raise resources through a QIP (qualified institutional placement), and at the same time issue warrants or compulsorily convertible preference shares (CCPS) to promoters

DLF, DLF debt, DLF debt reduction, DLF debt reduction plan, estimate potential, QIP in offing, potential for borrowing, analysts estimate potential for borrowing, Real estate News

Property market in India in crisis mode: Realtors now protest against tax on unsold inventory

Developers may have to pay a tax equivalent to 30% of the rental value, assuming that apartment or apartments in question can be rented out.

Property market, Property market in India, Property market crisis, Property market crisis in India, protest against tax, unsold inventory, evy a tax on unsold apartments, real estate, real estate crisis, real estate sector News

Tata Housing home loans cut to a low of under 4 pct; what you really must know

Godrej Properties too has been luring potential buyers with a loans that builds in a three-year moratorium and a low 10% booking amount. Some builders are willing to waive the goods and services tax, others are willing to not

Tata Housing, Tata Housing home loans,  Indiabulls Housing Finance, EMI, Godrej Properties, home buyers  News

Commercial deal sizes across Indian cities heading south

The focus of companies is towards building more efficient work spaces so that more open offices are preferred instead of cabins, pointed out Navin Makhija, managing director at Wadhwa Developers, in Mumbai.

Mumbai property, Commercial rentals, pharma, media firms, banks blamed, Wadhwa Developer News

Despite ecommerce skyrocketing, for global PE funds, malls remain the favourites

Capitalisation (cap) rates for these assets are in the range of 9-10%, the report said. In comparison, cap rates are currently averaging 8.5% to 8.75% in commercial offices.

ecommerce, PE funds, malls, same store sales, international private equity, PwC India, CPPIB,  Cap rates News

Pune realty project: Ascendas may buy Blackstone stake

After buying one phase of Pune-based commercial real estate project Blue Ridge last year, Ascendas India Trust may be looking to buy out US-based private equity (PE) giant Blackstone and become the sole landlord, sources fami

real estate, pune realty project, real estate projects, projects in pune, upcoming projects, ongoing projects, infra projects pune News

Mumbai property sales crisis: Homebuyers snub 3.5 lakh flats in city; here is why

More than half the registered apartments in the Mumbai Metropolitan Region (MMR) of 6.7 lakh or approximately 3.5 lakh homes have not found buyers so far, according to data on the MahaRERA website.

Mumbai Metropolitan Region, MahaRERA website, Mumbai News

Demonetisation impact on property: Housing sales still muted one year after note ban

A year after demonetisation, housing sales are yet to recover.

Housing sales, Demonetisation, property News

Property market blues: Realty focused PE funds, Blackstone, Phoenix Mills, others, rush towards retail sector

With realty sector in the doldrums owing to an overall slowdown, a clutch of real estate-focused private equity (PE) funds are diversifying their portfolio by investing in the retail sector.

Markets News

After inking $1.3 bn deal with Canada Fund, IndoSpace raising third fund for $550 mn

IndoSpace has raised $584 m across two industrial real estate funds; IndoSpace Logistics Parks was raised in 2009 with a corpus of $240 m and the second fund, IndoSpace Logistics Parks II, was raised in 2014 with a corpus of

IndoSpace, 1.3 billion deal, Canada Pension Fund Investment Board, 550 million dollar News

Mumbai, Bengaluru to Delhi NCR, property sales bring no cheer, future dark, says report

Home sales have not recovered meaningfully since the low point of demonetisation last December, data sourced from real estate consulting firm PropEquity indicated.

Home sales, PropEquity, real estate consulting firm , GST, RERA, Motilal Oswal Real Estate Fund, Knight Frank India, ICRA News

Developers on a high as mall vacancies start falling pan-India and fund infusion rises

Going by realty consultant Cushman and Wakefield’s take, the current mall vacancy rate stands at 13%, an improvement over last year's 20%.

mall vacancies in india, developers on mall vacancies, fund infusion, high vacancy rates malls, Prestige Estates, malls in india, mall trend in india, DLF, JLL India, Nirmal Lifestyle, City Centre, Centre One, Zara, H&M, Forever 21 News

As housing sector suffers, real estate firms change conditions of land agreements

Real estate companies are changing conditions of land agreements as the housing sector plunges into a prolonged sluggishness.

Real estate, housing, land agreements, firms News

From DLF, Prestige Estates to Shobha, realty majors set to report poor Q2 numbers; see reason why

Cost overruns and festive discount offers are expected to erode the profitability of real estate firms in the upcoming quarterly earnings, according to market analysts.

DLF, Prestige Estates to Shobha, real estate firms, Realty majors, DLF and Prestige News

Bengaluru property: Shobha posts big jump in sales; Dream Acres powers realtor

Bengaluru-based real estate firm Sobha has reported sales of 0.8 million sq ft during the July-September quarter, keeping up its improved performance of the preceding quarter.

Bengaluru property, Shobha Developers, Dream Acres powers realtor News

Festive season sales: Here is how builders are looking to lure buyers

After lying low for six months, developers have once again started offering subvention schemes and easy payment options to bring back consumers in the ongoing festive season.

Festive season sales, Godrej Properties, Sheth Developers, rental income projects, EMI-free payment schemes, Goregaon,RERA,  Zero GST, Knight Frank India News

Banks, Private Equity firms cut real estate exposure; NBFCs stay bullish

Bank funding to the sector has reduced from $4.4 bn to $1.3 bn between 2013 and 2016, down more than 70%, a report said.

Banks, PE firms, real estate exposure, NBFCs stay bullish, domestic housing sector, private equity, cut real estate exposure News

Institutional investors invested $7.1 bn in real estate, up 34 pct from 2013 level

Institutional investors comprising a clutch of leading private equity (PE) funds, sovereign wealth funds (SWF), pension funds and NBFCs have invested $7.1 billion in the real estate sector during 2016, up from $5.3 billion in

real estate, Institutional investors, real estate investment, property investment, industry news

Maharashtra property market: Big setback for 50,000 homebuyers, errant builders making situation worse

Buyers of more than 50,000 apartments in Maharashtra will now have to wait even longer for their homes with errant builders having managed to get away with delayed timelines.

maharashtra, rera in maharashtra, Real Estate Regulatory Authority News

Delhi, Mumbai, Bengaluru, other cities property sales: Will you be buying during Diwali? Here are options before homebuyers

Launches of new properties, which have been trending down for about a year now could well drop further at a time when the economy is slowing and consumer confidence is low.

property sale, property sale news, property sale delhi, delhi property sale, property sale mumbai, mumbai property sale, bengaluru property sale, property sale bengaluru, diwali property sale, festive property sale News

Phoenix Mills eyes Bengaluru expansion, to acquire 2 mn sq feet space

Mumbai-based mall development company Phoenix Mills is looking to expand its presence in Bengaluru.

Phoenix Mills eyes Bengaluru expansion, to acquire 2 mn sq feet space

How this deal cut DLF’s Rs 26,000 cr debt to record low of Rs 13000 cr

A deal more than one year in the making with GIC has finally paved the way for DLF to drop its debt level to a decade-low.

DLF, DCCDL, FDI transaction,  GIC deal, Phoenix Mills, Bengaluru, Embassy Developers, K Raheja Corporation News

Maharashtra property market: RERA forces builders to rush and change deadlines

A number of real estate projects have seen a leap in their delivery timelines in the wake of the implementation of Maharashtra RERA.

RERA, Maharashtra property market, builders, deadlines,  Mumbai Metropolitan Region, real estate News

Mumbai property: As banks leave, pharma firms rush to occupy vacated space

Pharmaceutical companies are slowly edging out banks to occupy landmark buildings in the country's major financial hubs as banking operations are undergoing a change, wherein front office operations do not require much of exp

Mumbai property, Mumbai property news, mumbai landmark buildings, Pharmaceutical companies to occupy mumbai landmark buildings, pharma companies to occupy mumbai landmark buildings News

Real estate: Flat sales to financiers reworked under RERA

Several real estate companies that had sold apartments in bulk to financiers, a strategy in vogue until last year, are now reworking their agreements to avoid registering such transactions, people in the know told FE.

Real estate, RERA News