Page 13 - Housing

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.

Check 'rental value fit' when you are investing in house, say analysts

This is the amount that a typical tenant drawn to a locality is prepared to pay

Realty major DLF sale bookings up 24% at Rs 3,084 cr in FY21

This comes as the firm saw better demand for completed and new inventories despite the pandemic.

Prestige group's FY21 sales bookings at record Rs 5,461cr despite Covid

This comes on the back of better demand for its properties

Govt approves construction of 361,000 houses under PMAY-U scheme

As many as 708 proposals have been okayed

Allahabad HC denies Wadhawan's request to quash FIR regarding housing scam

The Allahabad High Court on Sunday declined to provide relief to Rakesh Wadhawan on his petition seeking to quash an FIR in connection with a cheating case against a real estate company.

Best of BS Opinion: Sub-African India, RBI monetary policy, and more

Here are the best of Business Standard's opinion pieces for Saturday

That dream house: Real estate has some opportunity waiting to be tapped

If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, writes T N Ninan

10 mn vacant homes may find takers as Cabinet approves Model Tenancy Act

New law makes renting out urban or rural property without a written agreement illegal, seeks to balance the interest of homeowners and tenants

Govt approves Model Tenancy Act; to help overhaul legal framework

The Union Cabinet approved the Model Tenancy Act under which separate rent authorities, courts and tribunals will be set up in districts to protect the interest of both the owner and tenant.

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.

Home sales in Tier II and III cities fall in April amid Covid-19 pandemic

The sales in April this year stood at 5,980 units, almost 2.5 times higher than April 2020

Housing demand to reach pre-Covid level after two years: Crisil

Housing sales in volume terms are expected to rise 5-10 per cent this financial year across six big cities but demand will reach to a pre-COVID level only after two years

Housing sales in Mumbai grow three-fold in March 2021, says report

The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore

Over 1.75 mn houses constructed under PMAY-U during Covid-19 pandemic: Puri

Over 10.75 lakh houses have been constructed under the Pradhan Mantri Awas Yojana (Urban) during the COVID-19 pandemic so far, and Uttar Pradesh tops the chart with more than 2.55 lakh such units, Parliament was informed on Wednesday. In a written reply to a question in Rajya Sabha, Union Housing and Urban Affairs Minister Hardeep Singh Puri said under PMAY-U, construction of 43,32,651 houses have been completed till date. In Uttar Pradesh, 2,55,227 houses have been constructed under the ambitious scheme since March last year, followed by 1,25,108 in Gujarat, 1,10,633 in Maharashtra and 58,427 in West Bengal, Puri said. However, Andaman & Nicobar Islands and Ladakh have constructed 21 housing units each during the same period, he added. "Under the scheme of Pradhan Mantri Awas YojanaUrban (PMAY-U), construction of a total of 43,32,651 houses have been completed so far. This includes 10,75,474 houses constructed during the COVID-19 pandemic (from March 2020 to till date)," the ...

Studio apartment supply falls as Covid makes people stay at home: Study

Average size of studio apartments was largest in the National Capital Region and smallest in the Mumbai Metropolitan Region, finds Anarock