Hotels and resorts are usually sold as operational entities. As such all operational agreements made with the previous owners are passed on to new owners to be honoured. This includes, for example, new bookings, equipment hire and staff contracts. This makes the sale of a hotel different from typical property transactions, where the property is sold without such complications. Typically, staff and customers can get nervous if they know a...

MUMBAI: India has nearly 11.09 million vacant housing units in urban areas and legal framework with proposed Model Tenancy Act is expected to help institutionalizing the rental housing market that is so far remains unorganized. Of the total vacant housing stock, around 78% or 8.64 million units are in 10 states and Union Territories (UTs). Currently, there are 21.72 million urban rented households in India, showed a Knight Frank India...

India's residential real estate market is facing its most prolonged slump in recent memory, but one segment, co-living, is having a moment, drawing considerable attention from investors. A clutch of firms is battling it out in this space, which is driven by the demand from migrant professionals who avoid house-hunting in a new city and prefer readily available furnished apartments with all facilities. This generation relies on the rental economy...