Page 13 - Housing Sector

Eldeco Housing and Industries Q2 net profit up 96% at Rs 16 crore

Eldeco Housing and Industries Ltd on Friday reported a 96 per cent increase in its net profit at Rs 15.78 crore for the quarter ended September.

SP's platform Joyville to invest Rs 1,200 cr on new housing project in Pune

Business conglomerate Shapoorji Pallonji's mid-income housing platform Joyville will invest around Rs 1,200 crore to develop a new residential project in Pune, a top company official said

Housing supply down nearly 60% in Jan-Sept across top 7 cities: Report

New supply of residential properties fell nearly 60 per cent in January-September this year as low demand due to Covid-19 forced developers to go slow on launching new projects, according to Anarock

India will need to find jobs for additional 90 mn, says McKinsey report

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

After a weak April, cement demand to fall by 10-12 per cent in FY21

Experts say that the cement demand during the first quarter of the financial year is typically led by housing (60-65 per cent), followed by infrastructure segment (20-25 per cent).

Housing sales fall 26% in Jan-March, new supply dips 51%: Report

New launches too fell by more than a half to 35,668 units from 72,932 flats during the period under review

Coronavirus to derail affordable housing segment's growth momentum

The current situation has sparked fears around income generation and employment which are going to put further strain on the sales

New tax rules: Here're the changes that come into effect from today

Those who buy mobile handsets have to shell out more as goods and services tax rates on them have been hiked.

Rs 6.16-trn investment approved under PMAY(U) scheme: Hardeep Singh Puri

PMAY(U) seeks to provide all weather pucca houses to beneficiaries in economically weaker sections in urban areas

Housing finance has key role in making India $5 trn economy: Keki Mistry

For the housing sector, the authorities are aware of the strong linkages it has with the economy.

Stanza Living enters housing for working professionals, commits Rs 150 cr

The firm currently has a combined capacity of 10,000 beds spreading across Bengaluru, Hyderabad, Pune and Coimbatore for this new segment

Unitech takeover: Despite IBC and RERA, homebuyers find no relief

Analysts point out the RERA, too, has not been able to stem the litany of woes faced by homebuyers in financially stressed projects

Realty Check: Current rates and unit sizes in the Rs 1.5-2 cr price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Hyderabad ranks 14th globally in housing price appreciation: Knight Frank

Among other Indian cities that have seen appreciation in home prices, New Delhi and Bengaluru stood at 70th and 94th ranks, respectively

NAREDCO's HousingForAll.com can be Amazon for real estate: Housing Secy

The portal 'HousingForAll.com' should be credible and transparent, he said, adding that there should also be redressal system for consumers' grievances

JSPL to focus on Housing and Railways; aims to become debt-free by 2023

Firm is looking at a 50% demand growth coming from housing segment, eyes 25% uptick from Railways

Price gap between ready and under-construction homes fall to 3-7% in 2019

Pune had the highest price difference between RTM and UC homes at around 7%.

ICRA maintains negative outlook for housing on weak demand, slow sales

The rating agency said that the liquidity crunch in NBFC and HFC segment is a challenge for new housing supply.

MMR tops the list with 880 delayed housing projects, Hyderabad second

According to a study by property portal PropTiger.com, which analyses 10 prime residential markets, as many as 1665 RERA-registered projects are delayed by over five years