Blackstone to take Apartment Income REIT private in $10 bln deal

Blackstone to take Apartment Income REIT private in $10 bln deal

Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt. Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. … Read more

Real estate upcycle: Possibly morphing into consumer discretionary

Real estate upcycle: Possibly morphing into consumer discretionary

FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was … Read more

Luxury serviced apartments come calling

Luxury serviced apartments come calling

The trend of serviced apartments that started more than a decade-and-a-half ago in Chennai has been growing at 10-15% each year. Business executives who come from around the world on short-term assignments, tourists visiting hospitals for long-term procedures along with family, NRIs coming during year-end for the music festival season, and students from foreign universities … Read more

Comparing investment potential in Indian vs US real estate markets

Comparing investment potential in Indian vs US real estate markets

Over the last several decades, real estate has been considered a very safe and stable option to park hard-earned savings. As a standard, across the world, real estate is always going to escalate in value, and over time, as the global economy continues to evolve, investors are increasingly exploring opportunities beyond their borders. Two prominent … Read more

Will home buying affordability rise to a three-year high in 2024? Here's what experts say

Will home buying affordability rise to a three-year high in 2024? Here's what experts say

In the ever-changing landscape of real estate, the potential for acquiring a home may reach a better level, compared with the last three years, by 2024. Looking at market dynamics, price, affordability, and economic indicators, analysts say the prospect of homeownership appears increasingly within reach for many in the coming year. Let us further explore … Read more

Smart ways to invest in real estate with limited capital

Smart ways to invest in real estate with limited capital

In the ever-evolving realm of India’s real estate, the third quarter of 2023 has brought about unexpected changes, capturing the attention of both investors and industry stakeholders. Amidst this dynamic landscape, the significance of real estate investment with limited capital has come to the forefront. As property prices surge in both commercial and residential sectors, … Read more

Middle-class individuals can leverage PM Awas Yojana to buy their dream home, says Gaurav Mavi of BOP Group

Middle-class individuals can leverage PM Awas Yojana to buy their dream home, says Gaurav Mavi of BOP Group

Before buying a home, understanding the debt ratio is crucial. It helps prospective buyers gauge their financial capacity to manage both home loan equated monthly instalments (EMIs) and living expenses. Gaurav Mavi, Co-founder of BOP Group, talks to Navneet Dubey of BT Money Today about the growing real estate market in the Delhi-NCR region and how homebuyers … Read more

Busting the myths of ‘By invitation only’ properties

Busting the myths of ‘By invitation only’ properties

The concept of ‘By invitation only’ (BIO) housing projects is one of those ‘grey’ areas of real estate which carry with them very strong emotional markers. It tends to make Indians’ antennae perk up, and not necessarily from a demand perspective. We’re not considering gated communities here — the acquisition of a property in a … Read more

I own two properties. One occupied by my parents, the other under construction. Can I claim income tax benefits on home loans taken for both?

I own two properties. One occupied by my parents, the other under construction. Can I claim income tax benefits on home loans taken for both?

I own an apartment in Chennai for which I have a home loan and where my parents are staying. I claim tax benefits in respect of this home loan. In August 2021, I booked an under-construction apartment in Mumbai that will be ready by June 2024. I have also taken a home loan for this … Read more

Sebi board likely to discuss regulation of realty platforms, ‘delisting’ changes

Sebi board likely to discuss regulation of realty platforms, ‘delisting’ changes

Mumbai: The board of the Securities and Exchange Board of India is likely to discuss proposals to regulate investment platforms offering fractional ownership of real estate assets and to change delisting rules when it meets on November 25, said two people with direct knowledge of the matter. The capital markets regulator wants to allow companies … Read more