Tag Archive: Property News

CREDAI initiates skill development training for construction workers in Mumbai

MUMBAI: Realty developers body Confederation of Real Estate Developers Association of India (CREDAI) has started skills training program for construction workers across the country in line with the Pradhan Mantri Kaushal Vikas Yojana (PMKVY). CREDAI is taking this initiative across the country through its member developers spread across 24 states and 156 city chapters, the association said in a release. Under this program, CREDAI will initiate pilot projects through its training partner- Rustomjee Academy for Global Career (RAGC) and conduct skill development training of 180 construction workers in Mumbai & Mumbai Metropolitan Region at various on-going project-sites of Dosti Realty, Mantri Reality and Keystone Realtors. The training programme will be taken to other developers soon, CREDAI said. The training program will impart ‘On-site and Classroom training’ to the construction workers that will help in developing technical skilling and…
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Foreign investments back in Indian real estate after 5 sluggish years: JLL India

Foreign investors’ interest in Indian real estate is on the rise one again almost after five years as indicated by India-specific cumulative fund raising. India-specific cumulative fund raising attained its peak in the pre-global financial crisis (GFC) period. During this period between 2005 and 2008, there were 50 such funds that raised $16 billion in total. However, post-global financial crisis, only 29 funds got raised in five years, with cumulative fundraising of $3.9 billion, said a JLL India report. “During the pre-GFC phase, 82% of funds got raised in US Dollar. This reduced to 57% in post-GFC phase when micro-market understanding was required more than banking on the macro-economy. Interestingly, the contribution, 2014-onwards, has increased considerably to 70% – hinting that the positivity is here to stay for some time,” Shobit Agarwal, MD – Capital Markets, JLL India….
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