Page 6 - Property Market

MyGate unveils property marketplace, eyes 25,000 monthly listings

MyGate on Tuesday announced the launch of 'Homes' feature - a property search marketplace - on its app, and aims to have 25,000 listings per month by the end of the year.

Sentiments in property market turns pessimistic in April-June: Report

Sentiments in the real estate market turned pessimistic during the April-June quarter because of the outbreak of the second wave of Covid-19 pandemic

Property mkt to touch $1 trn by 2030 on high demand, reforms: Housing secy

The Indian real estate market is estimated to touch $1 trn by 2030 driven by rising demand and various reforms in the past seven years, Housing and Urban Affairs Secretary Durga Shanker Mishra said

Property consultant Colliers appoints Ramesh Nair as CEO for India

Nair joined Colliers from JLL India, where he held the position of CEO & country head, leading over 12,000 people

Global property markets ready to soar this year on monetary, fiscal support

The global boom in property prices comes alongside soaring stock markets, which quickly bounced back from a slump on pandemic-driven economic damage and devastating job losses

Higher tech investment in realty will lead to better governance: Parekh

Investment in property technology, including digital backbone, should increase efficiency through real-time monitoring of real estate projects

Tata Housing to offer 150 units at discount; flash sale starts from Mar 12

Realty firm Tata Housing on Wednesday said it will offer 150 units across 15 projects at a discounted price

Ascendas buys IT SEZ building in Hyderabad's Hitech City for Rs 500 cr

The structure has an area of 639,495 square feet. About 98% of the building is leased to Amazon Development Center (India) Pvt Ltd

Maharashtra move to cut construction premiums to lower project costs by 17%

However, developers peg the benefit at 6 to 7 per cent after passing on stamp duty costs to buyers

Welcomhotel opens its first property in Himachal Pradesh, at Shimla

Plans are afoot to add nine new properties under the brand in the next 12 months in every region in India, to take the total tally to 26

DLF rental arm to buy Hines stake in Gurugram project for Rs 780 cr

Hines has around nearly 52 per cent stake in the One Horizon Centre while the rest is with DCCDL

Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall

New Vernon's investment panel casts a cloud over Värde's earlier investments

Acquisitions, launch pipeline offer Godrej Properties revenue visibility

Muted near term cash flows, increase in debt and valuations to cap upside

India's office market to remain resilient in 2021, says Knight Frank

In particular, it pointed out that Bengaluru has the benefit of existing low vacancies that will enable absorption of much of the upcoming supply

Mahindra Holidays scouts for acquisitions amid coronavirus pandemic

Occupancy at properties in driveable locations surges at 80-90% of pre-Covid levels

Paying six per cent interest on flat cost for delay a huge burden: Realtors

While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers

Mumbai's realty market flatlining on stagnant prices, slow sales

The first of a three-part series looks at the prospects of the Mumbai property market, which saw the highest unsold inventory pile-up last year

Developers' borrowing costs go up by 300 bps on IL&FS fallout, slow sales

Along with HFCs, NBFCs account for about 60 per cent of real estate developers' loans as banks stayed away from lending to developers

How to save the property market

The current environment has a heightened sense of risk perception on under-construction flats

RBI could have done more to boost property market, say developers

Sales and new launches have declined as developers have been focusing on complying with Rera