Buyers hopeful of timely possession after RERA

Around 40% of buyers/builders felt that implementation of RERA would help in timely delivery of projects since 70% of the sales proceeds will be set aside in an escrow account by developers and also eliminate non-serious players from the sector, says a new survey.  Many real estate developers say RERA legislation is a step in …

PE inflows into office space surge on reforms

MUMBAI: Renewed confidence among institutional investors has pushed private equity flows into commercial real estate in the first half of 2016 even beyond the cumulative investments witnessed during the whole of last year. Office realty has received over Rs 3,256 crore investments from private equity funds during January to June against Rs 3,229 crore in …