Qatar fund may invest $200 mn in Indian realty
Dec 30, 2013
Source : The Financial Express

 

MUMBAI: Qatar Investment Authority (QIA), the sovereign wealth fund of the gas-rich Gulf emirate, is in talks to invest $200 million in residential property in India, a source with direct knowledge of the matter said.

QIA is holding “conversations” with Kotak Realty Fund, run by Kotak Mahindra Bank Ltd, which would manage the investments on behalf of the fund, said the source, who asked not to be named because the deal has not been finalised.

Kotak would also make a small investment and plans to focus on residential property developments in major cities across Asia’s third-largest economy for QIA, the source said. Kotak declined to comment. QIA did not respond to emails or telephone calls.

Sovereign wealth funds and other long-term investors are eyeing opportunities in Indian real estate, betting that property prices are bottoming out after slumping this year on the back of the slowest economic growth in a decade. The investments are a shot in the arm for India’s property developers, many of whom are burdened with expensive debt.

Latest Realty News

Real estate in 2014: Haggle hard with the developers
Dec 30, 2013
MUMBAI: With the economy slowing down, job losses mounting and salary increments pared to the bare minimum, the real estate sector found itself in all sorts of difficulties in 2013. High property prices and interest rates on home loans also took a toll on affordability.
High returns make realty investors ignore risks, says experts
Dec 29, 2013
MUMBAI: The ongoing slowdown and steep rupee fall are among the factors making the country a riskier realty destination for global investors, even as it continues to be a high return market, say experts.
Oversupply affects real estate
Dec 28, 2013
MUMBAI:High price points and sticky borrowing costs have weakened buyer sentiment in the commercial and housing markets but realtors hope that since pent-up demand has increased over the three year slowdown in demand the first quarter of 2014 could see an upturn.
Factors that impacted Mumbai’s real estate in 2013
Dec 28, 2013
MUMBAI: Though Mumbai is the financial capital of India, the real estate market of the city has not been very encouraging in 2013 as the over-all performance graph was stagnant. The reasons for stagnancy could be justified due to various factors that impacted the market. A few of them have been discussed here:
2013 roundup: Despite key reforms, realty industry remained stressed
Dec 27, 2013
MUMBAI: Economic slowdown, inflationary pressures, volatility in foreign exchange and stock markets, together with liquidity crunch and costly debt, took a toll on India's real estate sector in 2013, with investor sentiment taking a severe beating despite a number of reform initiatives undertaken by the government.
Credai supports PMC’s new ways of approval to clear building plans
Dec 27, 2013
PUNE: The Confederation of Real Estate Developers’ Associations of India (Credai) Metro has welcomed the procedural changes in project approvals brought about by the Pune Municipal Corporation (PMC).
SEBI proposal on real estate investment trust set to get RBI nod
Dec 27, 2013
MUMBAI: The much-awaited Real Estate Investment Trust (REIT) regime has inched closer to becoming a reality, with the banking regulator keen on approving changes to attract foreign investments.
Realty prices may come down by up to 20% if corruption is reined in: HDFC chief Deepak Parekh
Dec 27, 2013
MUMBAI: Rooting out corruption could help lower home prices by as much as 20%, said Deepak Parekh, chairman of Housing Development Finance Corp, India's biggest mortgage lender, putting the blame for graft in the system on errant bureaucrats and faulty policies.
NRIs look to Gurgaon flats for bumper returns
Dec 26, 2013
PUNE: If you get to choose between buying a beach house in Florida and an apartment in Gurgaon, what would you prefer? While the great American dream may seem like obvious choice to many, the dollar-rich expatriates think other way around.
Mumbai real estate market – an overview for 2014
Dec 24, 2013
MUMBAI: The year 2013 was an eventful year for the Indian Real Estate sector with the introduction of the Real Estate Regulatory Bill and the Land Acquisition Bill in the parliament. With such developments happening, there is high optimism about the coming year – 2014. There is hope that 2014 will see a positive shift from the earlier years and will bring in the much required stability and transparency in the property market. Mumbai’s real estate market too, expects to see stability and healthy

Latest Realty News Of State

Realty Talk's