13 Feb 2023

Max Ventures & Industries Limited (MaxVIL) recently completed the acquisition of the remaining 2.39% equity share capital of Acreage Builders Private Limited (ABPL) for an enterprise value of INR 322.50 crores, making ABPL a step-down wholly owned subsidiary of the company. New York Life Insurance joined as an equity investor, committing INR 290 crores in ABPL. As a result, MEL and New York Life will be 51:49 shareholders, respectively, in ABPL, which holds a license to develop a commercial project covering 7.15 acres. The project has a revenue potential of INR 160-200 million per year and is located at Golf Course Extension Road in Gurugram.Read more

08 Feb 2023

Dubai has seen a surge in the number of branded residential projects in the latter half of 2022, and this trend is expected to continue as demand from international high-net-worth buyers continues to boom. At the end of the year, there were a total of 71 branded residence schemes in Dubai, including well-known luxury brands such as Lamborghini, Armani, Bulgari, and Four Seasons. This is a significant increase of 22% compared to the first half of the year and an additional 42 branded residences are currently under construction.Read more

07 Feb 2023

Brookfield Asset Management, a Canadian alternatives asset manager, is in negotiations with Singapore's sovereign wealth fund, GIC, to sell half of its stake in a special purpose vehicle that holds its office assets in Powai, Mumbai. The 4.2 million square feet of office and retail space was acquired by Brookfield in 2016 from the Hiranandani group for $1 billion in one of the largest real estate deals at the time. GIC was among the interested parties in the race for the assets, along with other global investors like Blackstone Inc.Read more

20 Dec 2022

The Michaels Organisation has been commissioned by Disney to create an affordable housing project containing 1,300 units on an 80-acre land parcel which is a part of Disney World’s Land. Only those individuals who fall within a certain income bracket will be able to apply. The company hopes this new initiative will help ease the looming housing crisis in the state while creating new jobs in Central Florida via construction and operational activities needed for the project. Disney will collaborate with The Michael’s Organisation on construction and design.Read more

01 Jan 1970

Sweden is set to relax its mortgage lending rules early next year to help first-time homebuyers enter the housing market more easily. Under the proposed changes, buyers will be allowed to borrow up to 90% of a property's value�up from the current 85%. Additionally, the requirement for borrowers with high debt levels to repay 3% of their loan annually will be scrapped. Housing Minister Andreas Carlson emphasized the need to balance affordability with financial stability. The move aims to support young families and first-time buyers amid growing concerns over housing access, without compromising safeguards against excessive household debt or market overheating.Read more

01 Jan 1970

Sweden is set to relax its mortgage lending rules early next year to help first-time homebuyers enter the housing market more easily. Under the proposed changes, buyers will be allowed to borrow up to 90% of a property's value�up from the current 85%. Additionally, the requirement for borrowers with high debt levels to repay 3% of their loan annually will be scrapped. Housing Minister Andreas Carlson emphasized the need to balance affordability with financial stability. The move aims to support young families and first-time buyers amid growing concerns over housing access, without compromising safeguards against excessive household debt or market overheating.Read more

01 Jan 1970

Goldman Sachs has forecast a long-term decline in China�s property market, with annual new home demand expected to fall below 5 million units�far from the 2017 peak of 20 million. The downturn, deepened by stalled projects and heavily indebted developers, has eroded buyer confidence since 2021. Official data shows home prices continued to slide in May, despite repeated policy interventions. Goldman also notes a sharp drop in demand from demolition-driven construction and a potential rise in investment-related home sell-offs. With household wealth tied to real estate dropping from 80% to 70% by 2025 and 80 million flats lying vacant, China�s property crisis is reshaping both consumer sentiment and economic fundamentals.Read more