Real Estate Sector Latest News, Updates & Insights – PropertyPistol Blog

Attempts are being made to move a massive real estate investment trust (REIT) and list it domestically by US-based fund house Blackstone and its partners Salarpuria Sattva and Panchshil Realty, both of which are situated in Bengaluru and Pune, respectively. According to sources familiar with Blackstone and its partners, they want to add about 45 million square feet to the REIT. It might be the most significant in all of Asia in terms of rectangular images, and the REIT would wish to raise between Rs 7,000 and Rs 8,000 crore through a public offering. The draught documents for this will be submitted to the capital markets regulator the following year.… Read more

The State governments and builders have started concentrating on the outlying areas alongside the roads to lessen the housing burden now that the metropolitan centers are operating at their full capacity. Highways are now home to rapidly developing sports and real estate hotspots as a result of this. Strong instances of this type of upgrade, often referred to as ribbon improvement, are National Highway (NH) 24, the Noida-Greater Noida Expressway (Delhi NCR), the Pune-Nashik Highway (Pune), and Mysore Road (Bangalore). That begs the crucial question: Should you buy a possession next to an expressway or highway?… Read more