Real estate development along national highways can generate a return of more than 15 percent for builders and potential investors, according to property consultant JLL India. The government is focusing on providing world-class infrastructure and related services for the highway network, it said. The consultant said there is a need for the development of commercial … Read more
Ritesh Jain Global Macro Investor & One of Top 3 Global LinkedIn Influencers on Economy and Finance, Mumbai He is a trend watcher, Global Macro investor and Blogger at worldoutofwhack.com. He has over 20 years of experience in financial markets, bonds, equities, gold, and derivatives. He muses about global macro investment opportunities, economics, business, and … Read more
Millions lost their jobs, walked thousands of miles to get home, starved, got sick, died. The lockdown following the Covid-19 pandemic was the worst catastrophe for India since the ‘Spanish flu’ influenza epidemic a century ago. Just how bad is documented by the Reserve Bank of India (RBI) in its Financial Stability Report (FSR; bit.ly/3oP9DBT) … Read more
MUMBAI: In a landmark ruling, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has refused to differentiate between an investor in a housing project and a homebuyer and has directed a developer to honour contractual obligations. The ruling is expected to set a precedent for all such matters arising from the refusal of developers to acknowledge … Read more
Hands FullIs this regulator struggling with a staff shortage? Looks like it. The watchdog has asked employees at various regional offices to report to its headquarters before December 31. It was planning to recruit close to 150 officers but the hiring has been delayed because of Covid-19. Interestingly, with government jobs in great demand like … Read more
Just the other day at a Supreme Court hearing, this high-flying, cigar-loving senior counsel was busy quoting reams of documents to prove his client was illegally removed from the corner office. Synopsis ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours. Dec 21, 2020, 09:08 AM IST GIFT ARTICLE … Read more
By Baiju Kalesh Brookfield Asset Management Inc. is pushing to list a real estate investment trust in Mumbai before the end of this year, which could raise as much as 38 billion rupees ($513 million), according to people familiar with the matter. The Canadian asset manager has received good response from investors including sovereign wealth … Read more
The U.S. government agreed to sell a compound for consulate staff in one of Hong Kong’s most exclusive residential areas to a local developer for nearly a third of a billion dollars. Property agent CBRE Group Inc. said on Thursday the buyer would pay $332 million (reported as 2.57 billion Hong Kong dollars), for the … Read more
The U.S. unveiled a set of visa and export restrictions targeting Chinese state-owned companies and their executives involved in advancing Beijing’s territorial claims in the contested South China Sea, a new challenge to China involving the strategic waters. Wednesday’s actions by the State and Commerce departments apply to a range of state-owned enterprises, including units … Read more
As Beirut reels from the blast that killed more than 180 people and damaged thousands of homes in prime areas of the city, some buyers and real-estate brokers are seeking to exploit the devastation with cut-rate offers to buy property from distressed owners—deals that could ultimately reshape Beirut’s historic neighborhoods. Source link