SG investors emerge as new landlord: Maharashtra rollback large scale infra hurt econ
#1
Singapore investors emerge as new landlords in India : Review of Rs 2 lakh cr infra projects in Maharashtra to hurt economy

4 December 2019 : Review of Rs 2 lakh cr infra projects in Maharashtra to hurt economy
The spectre of rollback of large scale infrastructure projects worth Rs 2 lakh crore is looming over Maharashtra which may be a redux of Andhra Pradesh and in the eventuality also cause grave damage to the already faltering Indian economy's growth.

While the new Maharashtra Chief Minister Uddhav Thackeray has indicated a review of projects initiated by the previous government led by Devendra Fadnavis, the BJP is now raking up the issue and insinuating collateral issues.

In some cases, these were projects with foreign participation and investments which has caused ripples among the fraternity.

The go slow in Maharashtra will also hit the slowing Indian economy.
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#2
Singapore investors emerge as new landlords in India

Bengaluru: Singapore-based investors and developers have over the years gained a firm foothold in India’s property market and are now venturing beyond commercial offices to bet on emerging sectors such as logistics, warehousing and urbanization projects.

The way they are investing in other asset classes is much like the way they have deployed capital in India—patient and long-term—something that bears well in the country’s unpredictable regulatory and real estate scenario. Many of them have built a strong base in China and India was a natural choice among emerging markets.

Singapore’s sovereign wealth fund, GIC Pte Ltd, is now one of the two leading property investors in India, along with New York’s Blackstone Group Lp, although the two have different investment strategies and return expectations. Another state-owned Singapore firm, Temasek Holdings Pvt. Ltd, through its fully or partially owned companies such as Ascendas-Singbridge Group (ASG), Mapletree Investment Pte Ltd and CapitaLand Ltd, has invested across asset classes.

GIC to back Indian road builder IRB Infrastructure for bigger projects & revenue boost


Mumbai: IRB Infrastructure Developers Ltd., an Indian road builder, said a partnership with Singapore’s sovereign wealth fund will help it bid for much larger projects and boost revenue.

The company will jointly bid with GIC Pte for all future projects, IRB’s Chairman and Managing Director Virendra Mhaiskar said in a phone interview. GIC invested as much as Rs 44 billion ($620 million) to acquire 49% of an investment trust sponsored by IRB, the companies said in a filing on Tuesday.
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#3
Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing
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#4
Then they come here turn Changi into ah neh biz park how leh ? We also never complain what.....
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#5
5-12-2019 8:34 AM
Sim Tian said:
Then they come here turn Changi into ah neh biz park how leh ? We also never complain what.....

Moody's change India’s outlook, follows other rating agencies’ negative outlook

9 November 2019: The global rating agency has changed its outlook for India from 'stable' to negative'. It's following in the footsteps of other rating and monetary agencies that have downgraded India's GDP growth forecast.

Moody's isn't the first rating agency to downgrade its outlook for India.

Several other agencies and financial institutions have lowered their GDP growth projections for India multiple times this year.

But they all seem to be on the same page - India's GDP growth is shrinking.
[+] 1 user Likes sukhoi35's post
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#6
Slump in real estate sector hits Mumbai hard

Mumbai, the financial capital of the country, has been facing serious burnt of the slump in the real estate sector. According to a study, at least 3.7 lakh units remain unsold in the city.

The real estate sector in India is arguably going through one of the worst phases in recent times.


The country's financial capital Mumbai is riddled with a large number of unfinished projects and an equally large number of unsold units in the city and suburbs. And the numbers have only been rising over the last couple of years.

Many projects are lying unfinished. And the real estate sector as such has come to a standstill, he says.

As per the Independent real estate research institute Liases Foras, India’s top 30 cities had 1.28 million unsold housing units as of March 2019, a jump of 7 per cent from March 2018, when the number was at 1.2 million.
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#7
Indian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to lower stressed loans on their books by 8.5%, according to central bank data reviewed by Reuters.

8 November 2019: The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.

As of June 30, total stressed assets on the books of Indian banks were at $137.50 billion, down from $150.22 billion a year ago, according to central bank data reviewed by Reuters.

A large part of this reduction reflected the write-off by banks of loans worth $30.64 billion in the last financial year, the data obtained by Reuters via a right to information filing showed.
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#8
If you think this isn't going to affect you, think again.
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#9
Rolling on the flor laughing Rolling on the flor laughing
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#10
5-12-2019 3:33 PM
Blin said:
write off isn't same as looted off. Big smile

Singapore’s sovereign wealth fund, GIC Pte Ltd, is now one of the two leading property investors in India, along with New York’s Blackstone Group Lp, although the two have different investment strategies and return expectations
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