Bengaluru: Buyers file complaint against Fortuna Urbanscape, Embassy – ET RealEstate

NEW DELHI: Home buyers have filed a complaint against Fortuna Urbanscape (FUPL), its directors, Embassy group company, its directors and landowners under sections 403, 406, 409, 429, 420, 421, 120-B and 90 IPC among other offences in Bengaluru. The complainants, through their counsels advocate Ashwarya Sinha and Priyanka Sinha are demanding investigation by the Economic […]

Brookfield may acquire 50% stake in RMZ Corp for about Rs 5,600 crore – ET RealEstate

BENGALURU: Brookfield Asset Management, the Canadian alternative investment firm, is said to be planning to invest $500-800 million (Rs 4,000-5,600 crore) in RMZ Corp to buy up to 50% stake in the Bengaluru-based developer’s business parks, people familiar with the matter said. RMZ is expected to create a special purpose vehicle (SPV) to house about […]

More consumers keen on home ownership over renting despite Covid-19 challenges: Survey – ET RealEstate

Real estate is emerging as a preferred investment asset class in the backdrop of economic uncertainty and rising stock market volatility with over 50% of consumers considering buying a new home in the next six months, showed a JLL India survey. The survey was conducted online covering over 2,500 prospective homebuyers from Mumbai Metropolitan Region, […]

Demand in residential sector to decline 25% due to Covid-19: Ind-Ra – ET RealEstate

NEW DELHI: The overall residential demand would decline over 25% year-on-year in the financial year 2020-21, after registering a fall of 5% year-on-year in FY20, due to the ongoing COVID-19 pandemic, according to India Ratings and Research (Ind-Ra). A stable demand, combined with prudent launches by players, had restored some supply-demand balance over FY18-FY19. However, […]