Page 11 - Housing

Registration of housing properties in Mumbai down 18% in November

Registration of housing properties in Mumbai municipal region fell by 18 per cent in November to 7,582 units, but numbers during January-November jumped over twofold to 102,232 units, the highest in last one decade, according to Knight Frank. The registration of homes stood at 7,582 units in November last year. During January-November 2020, 46,052 homes were registered. Registration data is of transactions made in both primary and secondary (re-sale) residential markets. "Mumbai city (MCGM region) property sale registrations have crossed the 100,000 mark for the first time in a decade. The earlier high during the last 10 years was 80,746 units in 2018," Knight Frank India said in a statement. The consultant attributed the fall in registrations number in November 2021 to a lower stamp duty rate of 2 per cent in the same month last year. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said: "The consumer sentiment in Mumbai housing market remains strong. The growth

Demonetisation to now, black money in housing deals down 80%, says Anarock

In the pre-demonetisation period, new supply outstripped housing sales - whereas, in the post-demonetisation period, housing sales overtook new supply in the top 7 cities

An apartment sale in HK sets a new Asia record for most-expensive housing

The apartment on the Peak, a luxury residential area on Hong Kong Island, came with three parking spaces and is measured at 4,544 square feet

India's furniture and home market set to reach $40 billion by 2026: Report

Driven by pent-up and deferred demand, India's online furniture and home market is geared up to reach $40 billion in the next five years, a new report showed

Registration of homes in Mumbai city up 8% to 8,576 units in Oct

As compared to pre-pandemic October 2019, registrations grew by 48 per cent in October 2021

Affordable Housing in the Country - Need of Time

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Housing sales on recovery road, up 59% annually in Jul-Sep across 8 cities

Housing sales across eight major cities registered an annual growth of 59% during July-September at 55,907 units, but demand jumped over three-fold against the previous quarter

Affordable housing finance cos loan book grows 10% in June: Report

The AHFC industry's reported gross NPA/Stage 3 (excluding data for one player) stood at 2.1 per cent as of June 30, 2021

Housing sales in MMR surge over 3-fold to Rs 1.33 trillion in Jan-Aug

During January-August 2020, the MMR saw sales of Rs 41,353 crore only because of the adverse impact of the COVID-19 pandemic.

80% houses given under Prime Minister Awas Yojana are owned by women: Modi

Prime Minister Modi also digitally handed over the keys of the PMAY-U houses to 75,000 beneficiaries in 75 districts of Uttar Pradesh

UP: Unlike SP govt, Yogi govt has completed 900,000 houses, says PM Modi

Modi on Tuesday alleged that it did not want to construct houses for the poor and created hindrances in the implementation of the central housing scheme.

Housing sales in Q3 jump over two fold to 32,358 units in 7 cities: JLL

Housing sales jumped over two-fold to 32,358 units during July-Sept period across 7 major cities as demand bounced back with unlocking of economic activities and lower Covid infections, according JLL

Home affordability improves in major Indian cities in 2021, finds report

Property consultant JLL India says mortgage rates continue to trend at their lowest in 15 years, thereby leading to reduced EMIs for homebuyers, thereby having a significant bearing on affordability

Evergrande crisis: A modified script may need to be written on China

This crisis could mark the end of the long run of "miracle" growth that made China the world's second-largest economy, and a challenger to the US in economic and strategic clout, writes T N Ninan

Paints, tiles players' stocks stand to gain from realty's revival

Favourable macros, market share gains for larger players, pent-up demand are key growth drivers

DDA holds draw for 689 surrendered flats; 79 waitlisted applicants allotted

The DDA held a draw on Wednesday for 689 flats, under the 2021 Housing Scheme, surrendered by allottees, with a meagre 79 waitlisted applicants being allotted units from this lot, officials said.

Sunteck Realty Q1 profit at Rs 3 cr; revenue up 52% at Rs 96 crore

The Mumbai-based developer had posted a net loss of Rs 3.08 crore in the year-ago period.

IFC lends $250 million to HDFC Ltd to boost green housing finance

Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.

IFC lends USD 250 mn to HDFC to promote affordable green housing finance

International Finance Corporation, a private sector investment arm of the World Bank Group, has decided to provide loan of $250 million to promote affordable green housing finance

Residential sales surge by 83% YoY in second quarter 2021: JLL

Residential sales in Q2 (April-June) 2021 increased by 83 per cent as compared to Q2 2020, across the top seven cities.