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1 month ago | 
financialexpress.com | Raghavendra Kamath |Anupreksha Jain
With their credit profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year. Lease rent discounting (LRD) rates for top commercial property developers fell also because of higher liquidity in the market, generated by the RBI’s curbs on “evergreening of loans” and the strengthened real estate law driving away fly-by-night developers, according to experts.
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Jan 19, 2025 | 
financialexpress.com | Raghavendra Kamath |Anupreksha Jain
While affordable housing becomes the buzzword in every Union Budget, the space has seen big national developers moving out, leaving the ground to only government companies such as NBCC and state-level players in tier II and III cities. Signature Global, a Gurugram-based developer, which started on the plank of affordable housing, has not launched a single such project in the last two years.
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Jan 14, 2025 | 
financialexpress.com | Raghavendra Kamath
Brokerages expect Reliance Industries (RIL) to report flattish year-on-year (YoY) growth in earnings and Ebida for the October-December quarter, with only single-digit sequential growth. Morgan Stanley anticipates a 4% quarter-on-quarter (QoQ) rise in earnings and Ebitda, but a relatively flat performance on a YoY basis. The brokerage attributes this to the impact of telecom tariff hikes and tightening global fuel markets.
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Jan 8, 2025 | 
financialexpress.com | Raghavendra Kamath
The shares of Aditya Birla Real Estate (formerly known as Century Textiles and Industries) fell 4.57% on Wednesday after the Supreme Court overturned a 2022 ruling by the Bombay High Court, which had favoured the company in a land dispute with the Municipal Corporation of Greater Mumbai (MCGM). The dispute pertains to 6.31 acres of land in Worli. The land was leased by the Improvement Trust Transfer Board (now MCGM) for the welfare of workers.
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Jan 8, 2025 | 
financialexpress.com | Raghavendra Kamath
Welspun One, the logistics and industrial property arm of Welspun group recently said it plans to raise Rs 4,000 crore to fund its expansion. The platform plans to double its portfolio size from 16 million square feet to around 32 million square feet by 2028. In an interview, Anshul Singhal, managing director, Welspun One, tells Raghavendra Kamath about their strategy and warehousing segment.
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Dec 10, 2024 | 
financialexpress.com | Raghavendra Kamath
The Shapoorji Pallonji Group, a construction and real estate conglomerate, has sold a 1,819.90 square-metre19,589.22 sq ft) land parcel in the upscale Juhu locality of Mumbai to Agarwal Holdings for Rs 455 crore. The transaction was executed through Shapoorji Pallonji Gwalior, a subsidiary of the Shapoorji Pallonji Group, and was finalised and registered in November.
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Dec 10, 2024 | 
financialexpress.com | Raghavendra Kamath
HDFC Bank has leased 416,000 sq ft of office space in the Gigaplex complex, located in the Mindspace property of K Raheja Corp in Airoli, Navi Mumbai, for a period of 10 years. The banking major will pay an annual rent of Rs 24 crore, equivalent to a monthly rent of Rs 2 crore (Rs 49 per sq ft), according to documents accessed via Propstack. The agreement comprises two leases—one for 197,877 sq ft and the other for 218,217 sq ft—and includes provisions for 322 car parking spaces.
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Dec 6, 2024 | 
financialexpress.com | Raghavendra Kamath
Tata Power is looking to incur 2.5 times more capex over the next five years than the Rs 50,000 crore it spend between 2021 and 2025. “We will incur a capex of Rs 1.25 lakh crore between 2026 and 2030,” said Praveer Sinha, MD and CEO at the company’s cell and module plant in Tirunelveli in Tamil Nadu. The company will incur a capex of Rs 25,000 crore every year, he said. The company spent Rs 12,000 crore in FY24 and Rs 21,000 crore in FY25.
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Dec 4, 2024 | 
financialexpress.com | Raghavendra Kamath
US-based fund house Blackstone and its partners — Sattva group and Panchshil Realty – are looking to raise $1 billion (over Rs 8,400 crore) through an initial public offering (IPO) of their mega real estate investment trust (REIT) next year, said sources. “They plan to file DRHP (draft red herring prospects) early next year and come out with an IPO in mid-2025,” sources said.
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Dec 3, 2024 | 
financialexpress.com | Raghavendra Kamath
Textile-to-real estate group Raymond is seeing buoyant sales in the current quarter and expects it to pick up in the coming months. Gautam Singhania, chairman and managing director of Raymond group tells Raghavendra Kamath that real estate sales will continue to be good in the coming years. He chose not to offer any comments on proxy advisory firms’ recommendation to shareholders to oppose his appointment as executive chairman of Raymond Lifestyle.
