Page 2 - Housing Market

Indian homebuilder Sobha's Q1 profit up 125% on premium housing demand

Indian real estate developers have capitalized on a post-pandemic shift in buyer preferences towards larger, amenity-rich apartments by securing land deals and swiftly launching new projects

Signature Global to launch homes worth ₹6k cr in Gurugram: Chairman

Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors. Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd. The company had clocked record pre-sales of Rs 10,290 crore last fiscal. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore. "We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said. Aggarwal said the demand continues to be strong, especially for good brands. "The maximum demand is in the Rs 2-4 crore category," he observed. Recently, on the sidelines of a real estate conference, Aggar

China's home prices dip in May, extending two-year slump despite support

New home prices fell 0.2 per cent month-on-month in May after showing no growth the previous month

DLF secures RERA approval for Privana North project, launch by Q1-end

DLF has received RERA approval for Privana North in Gurugram, the third phase of its Privana series, and may launch it by the end of the first quarter of FY26

Housing prices rise 10% in Oct-Dec in 8 cities, Delhi-NCR tops list: Report

Housing prices appreciated at an average of 10 per cent during the December quarter across eight major cities on strong demand, higher input cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras on Tuesday released their joint report, which showed that Delhi-NCR saw a maximum appreciation of 31 pc annually during the October-December period of 2024. "Interestingly, average housing prices have been on a rising spree for the 16th consecutive quarter, starting 2021," the report said. Price appreciation was evident in all the eight major cities. CREDAI National President Boman Irani said, "The sustained growth in housing prices underscores the strong confidence among homebuyers, driven by a preference for spacious living and lifestyle upgrades." "While evolving preferences and lifestyle upgrades remain key motivators, cost pressures in construction and land acquisition are als

India's student housing market expected to expand as demand rises

Student enrolment in higher education was 43.3 million in 2021-22, increasing 26.5 per cent from 34.2 million in 2014-15, according to data from the Ministry of Education

Macrotech Developers exploring to enter Delhi-NCR housing mkt: MD Lodha

Realty firm Macrotech Developers is exploring entry into the Delhi-NCR's residential market as part of its strategy to grow the company's business beyond Mumbai Metropolitan Region (MMR), Pune and Bengaluru, its Managing Director Abhishek Lodha has said. Macrotech Developers, which markets its properties under the Lodha brand, is one of the leading real estate developers in the country. "We are exploring to enter Delhi-NCR housing market," he told PTI in an interview. The company is looking to acquire lands, either outright or joint development agreement with landowners, he added. Macrotech Developers has already bought a land parcel in Delhi-NCR to develop industrial and logistics parks and is now looking at entering the housing business. After establishing a significant presence in both MMR and Pune housing markets, Macrotech Developers had in 2022 entered Bengaluru. The company has already launched two housing projects in Bengaluru and plans to launch three more in the IT ...

UK housing market gathers pace despite cloudy outlook, shows survey

RICS' monthly house price gauge jumped to +25 in November from +16 in October, its highest level since September 2022. A Reuters poll of economists had pointed to a reading of +19

China's new home prices post steepest annual decline in nine years

In annual terms, new home prices slid 5.9 per cent in October, in their 16th consecutive month of declines, after a 5.8 per cent drop in September

Signature Global Q2 bookings jump nearly 3-fold on strong housing demand

Realty firm Signature Global has achieved a nearly three-fold increase in its sale bookings to Rs 2,780 crore during the second quarter of this fiscal year on better demand for its housing projects. Its sale bookings or pre-sales stood at Rs 980 crore in the year-ago period. "Despite the Shradhh period, Q2, FY25 pre-sales amounted to INR 27.8 billion, a 184 per cent increase against the Q2, FY24," Signature Global said in a regulatory filing on Tuesday. The company's sale bookings jumped over three-time to Rs 5,900 crore in the April-September period of 2024-25 fiscal from Rs 1,860 crore in the corresponding period of the preceding year. Signature Global, which has a significant presence in the Gurugram market, clocked sale bookings of Rs 7,270 crore in the 2023-24 fiscal and has given a target of Rs 10,000 crore for the current fiscal. "As we move forward, we're confident in maintaining this momentum and building on our shared achievements," its Chairman Pradeep Kumar Aggarwal ..

RBI status quo on interest rates to boost demand for realty sector: CEOs

The real estate industry experts are expecting the move to continue the growth momentum in the sector

Ahmedabad continues to be most affordable housing market in India: Report

Pune and Kolkata rank next in Knight Frank India's index, which says Mumbai is 'unaffordable'

China keeps lending rate unchanged as housing market still struggling

China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year medium-term lending facility loans, used as a benchmark for other lending rates, at 2.5%. The decision aligned with expectations: instead of cutting already low interest rates Beijing has focused on channeling spending to areas considered to be high priorities such as high-tech industries. The government reported Monday that factory output fell 5.6% in May from the year before, slowing from 6.7% in April, though analysts noted some impact due to more work days in this year compared with the year before. Property investments fell 10% year-on-year and home sales sank 30.5%, suggesting a raft of measures to try to turn around a real estate slump have yet to take hold. Home prices in major, so-called Tier 1 cities like Beijing and

Signature Global to invest Rs 2,500 cr on housing projects in FY25: CMD

Realty firm Signature Global will invest around Rs 2,500 crore this fiscal on the construction of its various housing projects, its Chairman Pradeep Kumar Aggarwal said on Wednesday. He expressed confidence that the company would meet the sales bookings guidance of Rs 10,000 crore for the current 2024-25 financial year, a significant growth from Rs 7,270 crore in the preceding year. "We have speeded up the construction work across all our projects. We will be investing around Rs 2,500 crore during this financial year on pure construction activities," Aggarwal said on the sidelines of the Assocham real estate conference. He said the company is expecting to collect Rs 6,000 crore from customers this fiscal. The company would also utilise the surplus internal cash flow to acquire land and reduce debt, he added. "We are looking for land in Noida and Delhi markets for the development of housing projects," he said, adding that the company intends to launch projects in these two new citi

Rich Chinese spend millions on Shanghai's luxury property, defying crisis

Shanghai's luxury real estate market is a bright spot in China's bleak property sector

Real estate 'popular hedge' against inflation in last two years: Report

Investors can leverage real estate assets to borrow funds for further real estate acquisitions, says Anarock

Developers are curtailing affordable housing projects amid weak margins

According to PropEquity, new launches in the affordable housing segment have fallen over the last two years in both Tier-I and Tier-II cities

Indian housing market outlook bullish, consumer sentiments positive: Report

Consumers sentiments in India's housing market remain positive despite a rise in prices, according to realty portal Magicbricks. On Thursday, Magicbricks released a report 'Housing Sentiment Index' based on the survey of over 4,500 customers across 11 cities. "Despite inflationary pressures, the Housing Sentiment Index (HSI) across India remains robust with strong buyer confidence," it said in a statement. The survey revealed a positive market outlook for the Indian residential real estate sector with an overall HSI of 149. Magicbricks said the HSI is derived from an online survey capturing the responses of 4,500 high intent homebuyers across the top 11 cities of India, spanning various income brackets and budget preferences. The HSI score ranges from 0 to 200, with 100 representing neutrality. Indicating an expectation of market stability in the short to medium term. A score of 200 reflects a bullish sentiment while a score of 0 indicated a bearish sentiment. "Currently, the ...

Indian real estate to be worth $1.5 trn by 2034 as demand soars: Report

GDP could reach $10.3 trn in 10 years, creating demand for offices and housing for all economic sections

Housing sales up 68% in Jan-Mar to Rs 1.1 trn on higher volumes: Report

Housing sales rose 68 per cent in value terms to nearly Rs 1.11 lakh crore during the January-March period across major cities on higher volumes as well as price appreciation, according to PropTiger. In its quarterly report 'Real Insight Residential JanuaryMarch 2024', real estate brokerage firm PropTiger.com said that housing sales in value terms rose to Rs 1,10,880 crore in the January-March period of this calendar year from Rs 66,155 crore in the year-ago period. Vikas Wadhawan, Group CFO of REA India and Business Head of PropTiger.com, said, "Growth in housing sales both in volume and value terms augurs well for the overall economy as more than 200 ancillary industries, including cement and steel, are dependent on the real estate sector." In terms of area, housing sales surged 63 per cent to 162 million square feet in the first quarter of this calendar year from 99 million square feet in the corresponding period of the previous year. Housing sales grew by 41 per cent to 1,20,6