Page 11 - Housing Sector

Housing sales fall 15% in Apr-Jun in top 7 cities from previous quarter

As per the data, housing sales in Mumbai Metropolitan Region (MMR) fell 11 per cent to 25,785 units in April-June 2022 from 29,130 units in the previous quarter

Life may get tougher for mid, small size HFCs amid rising rates: Analysts

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

Rising mortgage rates won't hit housing sales in India, say experts

Higher mortgage rates will have a lower impact on the Indian housing market than in the US market, said Kotak Institutional Equities (KIE)

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

Builders expect slowdown in housing demand in short-term on RBI's rate hike

The RBI on Wednesday hiked the key benchmark rate by 50 basis points

Anarock's FY22 revenue up 32% on recovery in housing demand: Chairman Puri

Our revenue has grown to Rs 402 crore during the last fiscal from Rs 305 crore in the 2020-21 financial year: Anuj Puri

China cuts borrowing rate more than expected to revive housing sector

China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points to 4.45%, the biggest reduction since China revamped the mechanism in 2019

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

All 100 smart cities to get integrated command-control centre by Aug 15

Union Minister of Housing and Urban Affairs Hardeep Singh Puri on Monday said that 80 out of the 100 Smart Cities in the country have Integrated Command and Control Centres

Economic Survey: Housing prices hiked in some cities even during Covid wave

While house transactions mostly declined during the Covid-19 shocks, their prices did not fall in most of the selected cities, some even increased, as per Economic Survey 2021-22.

Registration of homes in Mumbai city down 26% in Jan to 7,732 units: Report

Registration of residential properties in Mumbai municipal area fell 26 per cent on an annual basis to 7,732 units due to restrictions on movements to curb the spread of the coronavirus pandemic

Propping up the property market

A credit guarantee can give housing a boost

The shovel returns

Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now

Smart World Developers to invest Rs 3,000 cr in 2 Gurugram projects

The company plans to launch two housing projects during this month after getting the necessary regulatory approvals

China widens property-tax trials with levy on residential property owners

The plan, approved by the National People's Congress Standing Committee, China's top legislative body, is designed to guide rational property buying and will last for five years

Larger cement companies better placed despite higher valuations

Investors appear to have paid heed to the negative aspects in the recent past

Top 7 cities see 113% rise in housing sales, new launches jump: Report

Average property prices saw a 3 per cent yearly increase across the top 7 cities

Delhi-NCR tops in online property searches among 42 cities in June: Report

Realty portal Housing.com on Friday said online searches for residential properties on its platform increased in June after witnessing a decline in preceding 2 months, owing to second wave of pandemic

Shriram Housing Finance charts Rs 10,000-cr AUM growth map by FY24

Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark