Page 3 - Property Market

China's Country Garden signals default, hires advisers as sales plunge

Country Garden, which has become a symbol of China's property debt crisis, said that it had not made a due payment in the amount of HK$470 million ($60 million) under certain of its indebtedness

Here's how China's Country Garden can crawl out of its debt crisis

It won't be easy. Country Garden doesn't benefit much from the government's latest measures, at least not immediately

Unpaid workers, silent sites: China's property woes hit Country Garden

We are all worried," said a labourer surnamed Wang, 50, who said he had stopped work at the Yunhe Shangyuan site last week

Chinese banks challenged as economy wobbles, property market woes mount

Exposure to local government financing vehicles and a deflationary economy is compounding the pressure, Bloomberg Intelligence analyst Francis Chan said

Home sales in NCR touch 10-yr high, flats upwards of Rs 1 cr most in demand

In NCR, Gurugram accounted for a mammoth 82% of the total half yearly launches.

Profit from your paradise: Enjoy vacations, earn rent in tourist hotspots

Do the due diligence before you invest, as low occupancy level could mar returns

Bigger the better: Average flat sizes in Delhi NCR rise 50%

But Mumbai sees average flat sizes drop by 5 per cent

Adani-Hindenburg: SC panel urges centralised database of unclaimed property

Database would aim to track rightful owners of such property and enable proven legal heirs to get full picture of investments and savings of the deceased and claim their money

Singapore authorities say more property measures will be taken if needed

The comments come after Singapore increased the tax that some homebuyers have to pay for property purchases

Rs 50k per month for 2bhk: Bangalore is now India's hottest rental market

Anarock's data shows rents in various Bangalore neighborhoods have jumped by double digits since 2019, echoing a wider surge across India's major cities

Oberoi Realty to build on new project launches, rental portfolio

Street will track pace of bookings, project execution, and acquisition of new land

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose

Despite hike in prices, sale of residential properties rises in Delhi NCR

In terms of new launches, Delhi NCR witnessed negative growth of 28% in 2022 at 15,699 units as compared to the preceding year

Casagrand eyes Rs 500 cr revenue from boutique residential properties

City-based property developer Casagrand has drawn up plans to develop boutique residential properties across prime locations in Chennai, Bengaluru and Hyderabad, the company said on Wednesday. Under this initiative, Casagrand aims to build private residential communities with high-end specifications in metros with generation of Rs 500 crore as revenue from this segment. As more focus was laid in developing large-scale projects including high-rise buildings and independent villas, the significance in the residential localities was ignored for a while, Casagrand said in a statement. "Venturing into this segment, Casagrand is aiming to add a minimum of 100 boutique residences in the next 12 months across Chennai, Bengaluru, Hyderabad," the firm said. Commenting on the initiative, Casagrand founder Arun Mn said, "We feel this particular segment has been overlooked by the reputed builders as we all have focused on building a bigger community, but after analysing that this segment has hu

Global property market sitting on a $175 bn debt time bomb as slump spreads

As the toll from higher interest rates and the end of easy money mounts, many real estate markets are almost frozen with some lenders telling borrowers to sell assets or risk foreclosure

Experts see 2023 as a year of smooth sailing for real estate sector

Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs

Morgan Stanley upgrades Chinese equities as country eases Covid curbs

Economic recovery likely to be bumpy as earnings pressure continues, says brokerage

China's Covid policy will hinder property recovery: Goldman Sachs

On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023

M3M enters Noida property mkt, to invest Rs 2,400 cr in mixed-use project

Realty firm M3M India has bagged a 13-acre land parcel in Noida through e-auctions and plans to invest around Rs 2,400 crore to develop a mixed-use project, its director Pankaj Bansal said on Wednesday. M3M India, which has a major presence in Gurugram, will be foraying into Noida property market through this project. "We have secured a 52,000 square metre plot in Sector 94 through an e-auction conducted by the Noida Authority. We will be entering into the Noida market through this land acquisition," Bansal told PTI. The land has been bought at Rs 827.41 crore through auction, he said, adding that the total acquisition would reach Rs 1,200 crore including lease rent and registration charges. "We are targeting to launch this mixed-use project, comprising of housing, retail and serviced apartments, in February-March next year," Bansal said. Asked about the funding of this project, he said the company is in talks with financial institutions to raise funds. Bansal said the company pl

China's property debt crisis enters new phase as bond havens crumble

China's property debt crisis is entering a new phase as even developers that had long been considered safer rapidly tumble into distress