Page 4 - Property Deals

Property consultant Anarock aims 37% revenue growth in FY23 to Rs 550 cr

Property consultant Anarock is targeting 37 per cent growth in revenue this fiscal to Rs 550 crore driven by rise in housing sales and income from other advisory services, its Chairman Anuj Puri said. Mumbai-based Anarock, one of the leading housing brokerage firm, had achieved a 32 per cent growth in its revenue at Rs 402 crore during the last fiscal year on account of sharp recovery in housing demand post second wave of the Covid pandemic. Anarock was established by Anuj Puri in April 2017. Before setting up his own firm, Puri had served as chairman and country head at a global property consultancy firm for 10 years. "We have set a revenue target of Rs 500-550 crore this fiscal year and we are on track. Our team is working hard to achieve it," Puri told PTI when asked about the turnover guidance for the 2022-23 financial year. Puri noted that housing market has further consolidated its growth and sales have risen sharply so far this year despite rise in property prices and increa

Gurugram: Sale, purchase banned in 18 societies over rules violation

Following violation of licence norms and non-payment of dues, including external development charges, the DTCP has banned the purchase and sale of property in 18 residential societies in Gurugram

What is an Encumbrance Certificate?

Experts advise caution in purchase of property. But how will you know if the house you are planning to buy is free of any litigation or any problem. An Encumbrance Certificate will help you in that

Sebi to auction 11 properties of Arise Bhoomi Developers on August 26

Sebi on Friday said it will auction properties of Arise Bhoomi Developers and its directors on August 26 for a reserve price of Rs 52.28 crore. The move is a part of Sebi's effort to recover investors' money. Arise Bhoomi Developers had mobilised over Rs 8 crore during 2013-14 from the public in the name of 'purchase of agricultural land' through its various investment schemes, promising them an expected sum at the end of the contract. The schemes, as per Sebi, qualified to be a CIS which requires compulsory registration from the regulator. However, the company launched the schemes without obtaining necessary approvals from the regulator. In a notice, the Securities and Exchange Board of India (Sebi) said it will auction 11 properties belonging to the company and its directors at a reserve price of Rs 52.28 crore. The auction will be conducted online in August. The properties that have been put on sale include land parcels, shop and a plot, located in Uttar Pradesh and ...

Planning to buy a new home? You should know these terms and jargons

Buying property is a massive financial decision. Here are key terms you must know if you plan to buy a home

Planning to buy a new home? Do you know these terms?

In this video, we explain key terms you must know if you plan to buy a home >

Property tycoons lose $65 bn amid China's 'common prosperity' goal

President Xi Jinping's resolve to achieve "common prosperity" is marking a watershed shift, signaling the end of China's property billionaire factory.

Get an accurate estimate of price before putting your house on the sale

Housing sales: Make it presentable, clear off dues, and have documents ready before you meet potential buyers

Top realtors getting into 'second homes' concept at leisure destinations

Realtors look to cash in on demand for such projects at leisure destinations

China property market to keep cooling into H1 2022 on tight curbs: Survey

The property sector, a key driver of growth in the world's second-largest economy, has slowed sharply in recent months

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

Top property developers bet big on office properties as demand rises

Property consultant Colliers expects a fresh office property supply of between 33 and 38 million sq ft every year in the next three years, including the current one

Canada's Brookfield to buy 30-acre land in Navi Mumbai for Rs 600 crore

Real estate experts said the price paid by Brookfield is in line with the market

Second home is where the heart is in times of stress, WFH and Covid-19

The uber rich and corporate exec are buying holiday homes by the hillside, seaside, or retreats closer to their city houses, where they can live and work peacefully amid less noise and pollution

Listed property developers expect better days after first quarter

In FY21, home sales picked up after Q1 because states such as Maharashtra announced stamp duty cuts and banks offered special interest rates

Developers likely to face tough time in office leasing, says study

About 90 million square feet of lease renewals coming up this year, says a report by Anarock

Varde Partners in talks with Embassy to extend Rs 900-crore loan

Varde is also in talks to lend about Rs 1,200 crore to Hyderabad-based Phoenix Group

Godrej Properties raises Rs 3,750 cr via QIP to expand business, buy land

Company has built a portfolio of 50 million sq ft in 30 months and plans 12 projects in the fourth quarter.

Housing sales likely to drop 34% in FY21 in volume terms: India Ratings

Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the COVID-19 pandemic, the report said

PM launches physical distribution of property cards under SWAMITVA scheme

The move will pave the way for villagers to use property as a financial asset for taking loans and other financial benefits