scholarly journals Solid Financial Reforms are Needed to Uplift the Distressed Real Estate Sector

2020 ◽  
Vol 8 (4) ◽  
pp. 99-100
Author(s):  
Syed Hasan Jafar
Keyword(s):  
Real Estate ◽  
Affordable Housing ◽  
Regulatory Framework ◽  
Significant Decline ◽  
Capital Outlay ◽  
Residential Real Estate ◽  
Financial Reforms ◽  
Real Estate Sector ◽  
Real Estate Projects

After the pandemic COVID-19 breakout, there has been a significant decline in the property listings. Though the Centre has focused on the affordable housing space for reforms, there has been no visible reforms in view of the realty developers. Due to the recent moratorium imposed on the term loans, credit sources have been tightened for the realty developers coupled with other aspects. Given the difficulty in credit availing conditions in the sector, the article discusses the distressed funds as alternatives to uplift the sector. However, there are certain hurdles for the distressed funds in the form of capital structures to act quickly and operate efficiently. The article in this regard discusses certain changes in the regulatory framework that allows flexibility in the capital outlay in the residential real estate projects.

UAE real estate market will likely recover in 2019

2018 ◽  
Keyword(s):  
Real Estate ◽  
United Arab Emirates ◽  
International Investment ◽  
Real Estate Market ◽  
Content Type ◽  
The Real Estate ◽  
Regional Conflict ◽  
Real Estate Sector ◽  
Real Estate Projects ◽  
Regulatory Measures

Significance After three difficult years, the United Arab Emirates (UAE) real estate market appears to be finding a floor, with several property consultancies and management firms cautiously optimistic over the prospects of a turnaround. New regulatory measures and a delay in some planned real-estate projects aim to support prices. Impacts The importance of the real-estate sector to Emirati non-oil GDP will rise further, magnifying its impact on growth. Dependence on international investment and public-sector spending will expose the sector to volatility in case of regional conflict. The UAE will increasingly look towards Asian countries as property buyers, especially India, China and Pakistan.

scholarly journals Guidelines for target costing adoption in the development of products for the residential real estate market

2017 ◽  
Vol 17 (3) ◽  
pp. 153-165
Author(s):  
Reymard Savio Sampaio de Melo ◽  
Ariovaldo Denis Granja
Keyword(s):  
Real Estate ◽  
Market Competition ◽  
Real Estate Market ◽  
Research Strategy ◽  
Target Costing ◽  
Residential Real Estate ◽  
Component Level ◽  
Traditional Practice ◽  
Real Estate Sector ◽  
Business Competitiveness

Abstract This study focuses on the problems associated with the traditional practice of reducing costs in construction and the need to increase business competitiveness in the residential real estate sector. In this context, target costing is a promising approach to improve the competitiveness of companies by ensuring that the products launched on the market do not jeopardize the company's results and value delivery to customers. However, far too little attention is paid to target costing implementation by companies that develop residential real state products for sale and face strong market competition. Thus, this paper seeks to investigate whether the standard framework of target costing in the literature applies - with or without adjustments - to real estate developers. Case study was the research strategy adopted. Guidelines are proposed for the introduction of target costing in the development process of residential real estate products. The proposed guidelines are related to the three main sections of the target costing process: market-driven costing, product-level target costing and component-level target costing.

Private equity investment and real estate development

2014 ◽  
Vol 19 (3) ◽  
pp. 202-225 ◽  
Author(s):  
Thillai Rajan Annamalai ◽  
Bharat Bansal ◽  
Josephine Gemson
Keyword(s):  
Real Estate ◽  
Private Equity ◽  
Negative Relationship ◽  
Real Estate Development ◽  
Content Type ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Real Estate Projects ◽  
Project Structure ◽  
Residential Projects

Purpose – The purpose of this paper is to understand the trends and contribution of private equity (PE) investors in real estate development in India because the real estate sector in India had witnessed significant investments from PE firms in recent years. Design/methodology/approach – The study focused on residential segment of real estate development, as it is the largest among all the segments. Two types of analyses have been done in this paper: first was to compare residential projects with PE investment with those that did not have any PE investment. The results were based on an analysis of 453 residential projects. The second was an analysis of only those projects that had PE investment. This paper studied if there were differences in investment patterns between domestic and foreign PE investors, and dedicated and diversified PE investors. Findings – Projects with PE investment were larger, as compared to projects that did not have any PE investment. The results of this paper also showed that PE firms preferred to invest with developers who had significant experience in undertaking larger-sized projects. PE investments significantly happened in projects that were located in metro cities. While PE firms as a whole preferred to invest in project mode, domestic investors were more inclined to invest in a project structure as compared to foreign PE firms. Though foreign PE firms invested more amounts per deal on average, there was a negative relationship between foreign PE firms and the extent of their shareholding in the investment. Practical implications – Encouraging PE investment in real estate projects would contribute toward to increasing the transparency in the sector. Strengthening the domestic PE industry would increase investment flow for real estate projects. PE investors who are able to add value to their investments are able to obtain higher shareholding. Originality/value – Empirical research on Indian real estate industry is scarce because of the lack of transparency and availability of reliable data. This is one of the initial studies on the Indian real estate sector based on a robust dataset.

Sign in / Sign up

Export Citation Format

Share Document