Page 12 - Housing Sector

Property mkt to touch $1 trn by 2030 on high demand, reforms: Housing secy

The Indian real estate market is estimated to touch $1 trn by 2030 driven by rising demand and various reforms in the past seven years, Housing and Urban Affairs Secretary Durga Shanker Mishra said

Sunteck to Brigade, major listed realtors hike residential prices by 10%

Bengaluru-based developer Puravankara has initiated a similar increase in prices

It's the best time to buy a house for your own use, say analysts

Chances of realty prices declining further are slim

Sunteck Realty first quarter sales booking up 74% at Rs 176 crore

The company's sales bookings stood at Rs 101 crore in the year-ago period, Mumbai-based Sunteck Realty said in a statement.

Covid pandemic hits housing supply, launches down 59% in April-June

A total of 21,839 new units were launched in these markets during April-June, lower by 59 per cent compared to the launches in January-March.

Puravankara Ltd FY21 sales bookings up 28% at Rs 2,202 crore

This came on the back of strong demand driven by low-interest rates on home loans amid the Covid-19 pandemic.

Shapoorji Pallonji housing platform Joyville's property sales double

Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, has so far launched six housing projects in four major cities.

Q4 of FY21 sees recovery in housing prices as pandemic tapers: CARE Ratings

All India Housing Price Index rose 2.7% YoY in Q4FY21. Going forward, movement in HPI would be influenced by demand-side factors as well as inventory levels

Blackstone makes further push into US suburban housing with $6-bn deal

The firm agreed to buy single-family rental company Home Partners of America Inc

LIC Housing Finance net profit down by 5% to Rs 398.92 cr in fourth quarter

This was due to higher provisioning for bad loans.

Real estate sector to cross $1 trillion by 2030: Housing Secretary

The government has taken various measures in the Budget of last seven years to spur growth in the real estate sector, he added.

Covid crisis, rollback of stamp duty cut impact Mumbai home sales

The second wave of Covid-19 and the rollback of the stamp duty cut in Maharashtra impacted the housing sales in April, showed a report by Knight Frank India

Housing sales increase by 20% in January-March: 99acres.com report

The Indian realty landscape with conducive government policies and multiple incentives registered 20 per cent hike year-on-year sales in January to March: report

Strong govt support behind India's residential construction sector: Fitch

Driven by sustained demand for housing and supportive government policy, residential building will see a strong rebound in 2021 and robust growth over the coming decade, according to Fitch Solutions

DLF, Sobha: A good time to buy real estate and related stocks, say analysts

Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing

Revival in realty, industrial segment to support Supreme Industries' stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

India's urban housing shortage rises 54% to 29 mn in 2018: Report

This is based on the number of physically inadequately housed households, according to a research paper

Acquisitions, launch pipeline offer Godrej Properties revenue visibility

Muted near term cash flows, increase in debt and valuations to cap upside

Godrej Properties buys 18-acre land in Bengaluru to build housing project

Realty firm Godrej Properties has bought an 18-acre land parcel in Bengaluru to develop a housing project, as part of its expansion plan

Mahindra Lifespace to launch 4 housing projects by March as demand picks

Mahindra Lifespace Developers Ltd will launch four new housing projects, comprising over 900 units, in Mumbai, Pune and Chennai by March next year as part of its expansion plan for future growth