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Realty firm Brigade Enterprises Ltd expects 21 per cent growth in pre-sales this fiscal to Rs 9,000 crore on strong demand for mid-income and premium homes, a top company official said. Bengaluru-based Brigade Enterprises Ltd, one of the leading real estate firms in the country, has developed more than 300 projects in the last 40 years. In an interview with PTI, the company's Managing Director, Pavitra Shankar, said housing demand remains strong, especially in the Rs 1-3 crore per apartment price range. She said the company's large township projects are doing very well in terms of sales. Asked about sales booking for the current 2026-27 fiscal, Shankar said, "We have given an annual guidance of Rs 9,000 crore. We are confident of achieving the number if we get approvals on time to launch our projects.". She said the company has a strong launch pipeline. "At the moment we have 33 million square feet of ongoing projects, 16 million square feet of upcoming launches," Shankar said.
Real estate companies in West Bengal on Wednesday said the RBI's 25-basis point repo rate hike could increase borrowing costs for homebuyers and developers, but maintained that the rise is unlikely to impact demand in the long term. The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent on Wednesday, its first increase in nearly four years. "The RBI has increased the repo rate after three years As a result, interest rates of banks and financial institutions on housing and construction loans will increase. This will have some adverse impact on real estate," CREDAI West Bengal president Sushil Mohta said. Primarc Projects MD Siddharth Pansari said the hike may make home loans marginally more expensive, but is unlikely to have a major impact on genuine homebuyers. "In Kolkata, people are buying homes with a long-term view, and their decisions are increasingly driven by the right location, better quality and the lifestyle a home offers. There m
Housing sales fell 6 per cent to 1.03 lakh units in the July-September quarter across nine major cities, mainly due to subdued demand and lower fresh supply of homes, according to PropEquity. Global economic uncertainties also contributed to muted buying sentiments. Real estate data analytics firm PropEquity tracks primary residential markets in nine major cities -- Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. Housing sales in these nine cities fell to 1,03,170 units in July-September from 1,09,420 units in the year-ago period, according to data. New supply fell to 98,165 units from 1,00,330 units during the period under review. Housing sales generally are slow during the July-September quarter because of monsoon rains, discouraging real estate developers from launching projects. Sales improve in the December quarter on account of festive demand. To cash in on this demand, developers increase fresh supply and also offer many incentives t
Vascon Engineers on Friday said it has received an order worth Rs 660 crore from IT company Qualcomm India for the development of an office facility at Bengaluru. In a regulatory filing, Vascon Engineers said it has received the Letter of Intent for the development of an office facility comprising three basements, Ground + 12 floors, and associated infrastructure at Bengaluru. The work has to be completed within 30 months from the date of site handover, the filing added. Vascon Engineers has executed hundreds of projects in the commercial, industrial and residential space. Shares of Vascon Engineers were trading at Rs 34.46, up 3.42 per cent on the BSE.