Page 6 - Housing Projects

We work in a few mkts, don't spread ourselves thin: Mahindra Lifespaces CEO

In a Q&A, Arvind Subramanian says his firm hopes to achieve Rs 2,500 crore residential sales a year and industrial leasing of Rs 500 crore by 2025

Shriram Properties, ASK Property Fund to set up Rs 500-cr housing platform

Realty firm Shriram Properties Ltd and ASK Property Fund have agreed to set up a Rs 500 crore investment platform to acquire housing projects. Both companies have signed a Memorandum of Understanding (MoU) for setting up the investment platform for acquisition of residential real estate projects. Under the platform arrangement, Shriram and ASK will co-invest in plotted and residential developments projects in Bengaluru, Chennai, and Hyderabad. "Aggregate commitments towards the platform will be up to Rs 500 crores and the committed capital is expected to be deployed over the next 12 months," Shriram Properties said in a statement. ASK will invest through its managed Category II AIF (Alternative Investment Fund). Shriram and ASK have already committed their first investment under the new platform for a plotted development project in North Bangalore. "The platform will invest up to Rs. 125 crores towards acquisition and development of this project that already has necessary approv

Housing sales up 41% in July-Sept period across 7 cities: Anarock Report

Sales of residential properties increased 41 per cent to 88,234 units in July-September this year across seven major cities, property consultant Anarock said on Friday. The housing brokerage firm released its quarterly data of seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, housing sales rose 41 per cent to 88,234 units in the third quarter (July-September) of 2022, from 62,799 units in the year-ago period. New launches increased 45 per cent to 93,490 units from 64,560 units in these seven cities. "The momentum of both housing sales and new launches stayed strong in the top 7 cities in Q3 2022 despite major headwinds. The appetite for homeownership has remained undeterred, with maximum sales being driven by end-users," Anarock Chairman Anuj Puri said. He noted that there has been an increase in new supply by the leading and listed developers, who also reported robust housing sales. Puri felt that

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Business Standard brings you the top headlines at this hour

Top housing projects going nowhere; litigation, funding major issues

Nearly 500,000 homes, worth Rs 4.48 trillion, were stuck in seven metro markets in the country as things stood at the end of May, according to Anarock Property Consultants

Eldeco partners HDFC Capital to form Rs 350 cr fund for housing projects

Realty firm Eldeco group on Friday said it has partnered with HDFC Capital to set up Rs 350 crore fund to develop residential projects across many cities. Eldeco Infrastructure and Properties Ltd (EIPL), a privately held company of the Eldeco Group has "partnered with HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3) for an investment of Rs 350 crore to create a platform to develop multiple residential projects across multiple cities." Currently, Eldeco has identified four residential developments in Delhi-NCR, Himachal Pradesh and Uttarakhand for an initial investment of Rs 175 crore. Earlier, Eldeco Group had partnered with HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) to set up a Rs 150 crore platform for the development of low-rise and plotted development projects. The first project under this platform 'Eldeco Paradiso', a 35-acre plotted project in Panipat was launched in late March this year. Pankaj Bajaj, Chairman of Eldeco Group, said, "Eldeco is now present in

Godrej Properties aims to add new projects worth Rs 15,000 cr in FY'23

Godrej Properties is looking to add new housing projects worth about Rs 15,000 crore this fiscal year by purchasing land outright and by forming joint ventures with landowners

DLF aims 10% growth in sales bookings to about Rs 8,000 cr in FY23

Realty major DLF Ltd is targeting a 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal on better demand for its housing properties

Finishing touches being given to redeveloped Central Vista Avenue: Puri

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Monday said that finishing touches are being given to the redeveloped Central Vista Avenue stretching from Vijay Chowk to India Gate

Tulip Infratech plans to invest Rs 5,500 crore in Gurugram project

The company has launched its housing project Tulip Monsella, comprising 1,100 flats, at Rs 20,000 per square foot

Why purchasing a house early in your career can limit your options

Changing city to pursue better career options, or taking a sabbatical for higher studies becomes difficult

Godrej Properties buys 58-acre land in Nagpur to develop housing project

Realty firm Godrej Properties Ltd on Thursday said it has acquired a 58-acre land parcel in Nagpur to develop a residential project as part of its strategy to expand business. The company, which is part of Godrej group, did not disclose the value of this land deal. The development on this land will comprise primarily of plotted residential units, the company said in a regulatory filing. The project will offer an estimated saleable area of 1.5 million square feet. "We are happy to add this new project in Nagpur to our portfolio. This fits with our strategy of strengthening our presence in key residential markets across the country," Mohit Malhotra, MD & CEO, Godrej Properties, said. The project has good connectivity to Nagpur Airport and the Nagpur - Hyderabad highway with well-established social infrastructure in the vicinity, the company said. "Nagpur has many prominent infrastructure projects like the Metro Rail project, IT and manufacturing facilities in MIHAN SEZ and Airport

UK-Singapore JV to introduce engineered timber for housing in India

Venturer has already been involved in major building projects in the region, most notably for resorts in the Maldives, where timber was sourced and supplied from Europe

Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

China steps up funding oversight of Evergrande property projects

Special accounts set up to oversee, review fund use of debt-laden firm

Unsold housing stock dips 2% in Jan-Mar at 7.05 lakh units

Unsold housing inventories in primary markets across eight major cities fell marginally by 2 per cent at 7.05 lakh units during January-March as compared to the previous quarter

Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida

The Godrej Housing project is located in Sector 43, Noida

$3.5-bn govt fund for finishing stalled housing projects begins to pay off

The 'Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects' (SWAMIH) fund was announced in November 2019

BK Birla group's realty arm to launch one housing project every quarter

Birla Estates aims to become one of the country's largest property developers; is starting the next phases of some of its existing projects

Prestige to invest Rs 2,000 cr on 4 new housing projects in Bengaluru, Goa

Prestige Estates Projects will develop four new housing projects in Bengaluru, Goa and Hyderabad with an investment of nearly Rs 2,000 crore amid recovery in demand for residential properties