Page 5 - Property

All-round optimism over residential property sales in Q2: CREDAI report

There has been a renewed demand on sales of real estate properties across categories with an 'all-round optimism' in the residential sector witnessed during the July-September quarter, a report by CREDAI Chennai said. According to the realtor's body Confederation of Real Estate Developers' Associations of India (CREDAI), a total of 3,636 residential units were sold in Chennai during the July-September period, which is 16 per cent higher than previous quarter. Chennai alone accounted for 3,175 housing units, of the 3,636 units sold with the Old Mahabalipuram Road (OMR) popularly known as Information Technology corridor and Grand Southern Trunk (GST) Road becoming the most preferred locations among buyers, a report by CREDAI Chennai Research and Analysis Wing (RAW) said on Sunday. As many as 113 residential projects were registered with Tamil Nadu Real Estate Regulatory Authority (TN RERA)during the quarter ending September 30, 2022 comprising 5,232 residential units which was over 34

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

What to check when buying an under-construction property?

Property prices are northbound again. But, under-construction properties are a better option when compared to ready-to-move homes which are costlier. Here's a for buying under-construction properties

Uday Kotak, Asia's richest banker, weighs $1-bn real estate fund: Report

Kotak Investment plans to complete the fundraising by the end of this year and to embark on its investment in 2023, focusing on residential property in India's top five cities

Global Innovation Index 2022: India up 6 spots, first time in top 40

This was mainly due to an improvement in information and communication technologies (ICT) services exports, venture capital recipients' value as well as finance for start-ups.

Consider festive offers that lower your cost of house acquisition

Don't let freebies blind you to key considerations like location, infrastructure, and the developer's record

China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.

China rolls out property policies to boost demand, fix real estate crisis

A flurry of Chinese cities are rolling out measures to boost housing demand, signaling the government's intention to arrest a property crisis.

'Property registrations in Mumbai up 20% YoY in Aug, slip from July-level'

Property registrations in Mumbai municipal area this month rose 20 per cent to more than 8,100 units -- highest in 10 years for August -- but fell 28 per cent from July, according to Knight Frank. Mumbai city (BMC area) saw property sale registrations of 8,149 units in August 2022, contributing over Rs 620 crore to the state revenues, Knight Frank India said in a statement. In July, the registration of properties stood at 11,340 units. "August 2022 was the best in a decade for the month of August in a decade," it said. The consultant highlighted that 85 per cent of the properties registered in August 2022 were residential and 9 per cent commercial. "The largest share of home buyers in August 2022 is in the 31-45 years of age category having a contribution of 47 per cent of the total residential property registrations. Buyers in the age group 46-60 years have a share of 32 per cent, while 12 per cent home buyers are under 30 and 9 per cent are over 60," Knight Frank said. Properti

Sometimes, tax is payable on deemed income from unoccupied house

A house owner can claim only up to two properties as self-occupied

As China's property crisis deepens, experts see a silver lining for India

The crisis that started with the collapse of real estate giant Evergrande has become worse for China, with several property giants now showing signs of potential loan defaults

Home sales growth or decline? Property market split over demand

Residential sales hit a nine-year high in the first half of this calendar year (CY), said UK-based property consultant Knight Frank in a report recently

Buying property in Delhi to get costlier as MCD hikes transfer duty by 1%

Officials said after the hike, the transfer duty will be 4 per cent for men and 3 per cent for women

You can claim exemption on cost of making new house habitable: Experts

Only substantial structural changes eligible under Sec 54 of I-T Act

Maharashtra's revenue from property registrations to hit all-time high

Within the first 11 months of FY22, the state has earned Rs 5,671 crore from property registrations, which is 63 per cent higher than Rs 3,474 crore in FY21

DLF eyes Rs 47,000 cr revenue from 35 mn sq ft new projects in medium term

Realty major DLF Ltd has revised upwards its sales revenue potential by 17 per cent to Rs 47,000 crore

Property registration in Mumbai hits 10-year high, demand moderates

Spurt in home sales after state government cut stamp duty appears to be cooling off, say industry experts.

One Sotheby's International Realty Adds Miami Real Estate Veteran Nathan Lieberman

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ITC Hotels signs up first property in Udaipur under its new brand Mementos

Slated to open in the first quarter of next fiscal, the 130-room property is spread over 106 acres with each room offering a view of the beautiful panoramic Arravalis

Chinese property developer Evergrande's debt struggle rattles investors

One of China's biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers