Round up of the major headlines that dominated the Real Estate sector, nationally and internationally.
Adani Green Energy, a subsidiary of Adani Enterprises, has acquired 100% equity stake in Ahmedabad-based Duryodhana Developers, Adani Enterprises said in a regulatory statement on stock exchange.
Reliance Communications (RCom) has sold nearly 150 residential flats at its Sea Woods complex in Navi Mumbai, marking the monetisation of its surplus real estate, for about Rs. 330 crore. The company, controlled by billionaire Anil Ambani, will use the proceeds to repay debt.
Realty experts believe that the year 2016 will begin on a positive note for the sector and may witness a pick up in sales with an improvement in the number of unsold inventories.
Accredited crowdfunding platform RealtyShares announced it has reached more than $100 million invested to date. Each investment was made on the platform from accredited and institutional investors who have invested in over 270 transactions involving over 1,500 different properties.
Overseas investors looking to park their money in Canadian real estate could soon be donning headsets and touring upcoming condo developments in virtual reality, according to the founder of a Toronto-based technology firm.
Reliance Communications (RCom) has sold nearly 150 residential flats at its Sea Woods complex in Navi Mumbai, marking the monetisation of its surplus real estate, for about Rs. 330 crore. The company, controlled by billionaire Anil Ambani, will use the proceeds to repay debt.
Realty experts believe that the year 2016 will begin on a positive note for the sector and may witness a pick up in sales with an improvement in the number of unsold inventories.
Accredited crowdfunding platform RealtyShares announced it has reached more than $100 million invested to date. Each investment was made on the platform from accredited and institutional investors who have invested in over 270 transactions involving over 1,500 different properties.
Overseas investors looking to park their money in Canadian real estate could soon be donning headsets and touring upcoming condo developments in virtual reality, according to the founder of a Toronto-based technology firm.
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