Realty Income to buy commercial property landlord VEREIT for about $11 billion – ET RealEstate

BENGALURU: Realty Income Corp said on Thursday it would buy commercial property landlord VEREIT Inc for about $11 billion and spin off office properties of both companies into a publicly traded REIT. VEREIT shareholders will receive 0.705 shares of Realty Income stock and will own 30% of the combined company, while Realty shareholders will own […]

Singapore’s hot housing market faces risk of cooling curbs – ET RealEstate

File photo SINGAPORE: Ishwinder Kaur and her husband spent more than two years looking to buy their first home in Singapore, hoping property prices would dip during the hunt. The couple finally bought their apartment in December after prices rose in all but one quarter last year, even as the city state posted its worst […]

UK house prices jump by most since 2004 as tax break extended – ET RealEstate

File photo LONDON: British house prices jumped by 2.1% in April, their biggest monthly rise in more than 17 years, after finance minister Rishi Sunak unexpectedly extended a tax break on property sales, figures from mortgage lender Nationwide showed on Friday. House prices are 7.1% above their level a year earlier and close to December’s […]

RWAs in Gurugram seek nod to turn club houses into Covid facilities – ET RealEstate

Representative image GURUGRAM: The RWAs of 24 condominiums and residential colonies in the city on Thursday wrote a joint letter to the deputy commissioner seeking guidelines to convert their club houses and community centres into Covid-relief facilities. This comes a day after the RWAs held an online meeting with the deputy commissioner to discuss the […]

RLDA to develop multi-functional complexes at three railway stations – ET RealEstate

File photo The Rail Land Development Authority (RLDA) has invited bids for leasing of three sites to develop Multi-Functional Complexes (MFC) at Bellary, Sikar and Bharatpur Railway Stations for 45 years. The sites are situated in the vicinity of the respective station complexes or fall in the circulating area of the Railway stations. A combination […]

Embassy Office Parks REIT’s net profit dips 19% in Q4 FY21 – ET RealEstate

NEW DELHI: Embassy Office Parks REIT reported a dip of 19% in its net consolidated profit during January-March 2021. Its profit after tax (PAT) stood at Rs 46.70 crore in Q4 FY21 as against Rs 57.80 crore it recorded in the similar quarter last year, the company said in a BSE filing. The company’s net […]

Bengaluru continues to emerge as preferable hub for commercial real estate: JLL – ET RealEstate

The country’s IT capital and start-up hub continues to evolve and attract upmarket investments across sectors according to JLL. Primarily led by the BFSI, Tech & Pharma companies, the first quarter (Jan-March) of 2021 witnessed a steady revival in office leasing activity. Further, on the retail front, Bengaluru’s brand penetration per capita is has increased […]

US government expands refinancing options for low-income homeowners – ET RealEstate

The Federal Housing Finance Agency on Wednesday announced a new refinance option for certain low-income borrowers, helping them take advantage of low interest rates and save money each month. “Last year saw a spike in refinances, but more than 2 million low-income families did not take advantage of the record low mortgage rates by refinancing,” […]

Mumbai: Sewage plant makes way for a residential complex – ET RealEstate

MUMBAI: A sewage treatment plant (STP) in Kandivli (E) is making way for a residential complex. The plant spread over 37,000 sq ft is part of the Samata Nagar Mhada layout for low-income group, middle-income group and high-income group families. The complex, which has around 3,000 families, went in for redevelopment in 2007, and the […]

Over 31,000 properties registered in Navi Mumbai last fiscal – ET RealEstate

NAVI MUMBAI: City-based builders have noted that over 31,000 properties (residential and commercial) were registered in various registration offices in Navi Mumbai in the last fiscal year that ended March 2021, despite the major lockdown period of last year. However, the developers have urged the government not to extend the ongoing curfew to May or […]