Page 11 - Real Estate Developers

Lodha claims 47% in Peerless after NCLT says share allotment to Roys 'void'

Peerless Managing Director Jayanta Roy said that the order was nothing but a stage of litigation

Chinese real estate developers accepting watermelons as payment: Here's why

The deep recession in China's property market has compelled real estate companies to float a bizarre marketing strategy to lure home buyers.China's real estate developers have started accepting payments for homes in watermelons and other agricultural produce."Real estate developers in Chinese third- and fourth-tier cities have launched various promotional campaigns recently, including encouraging home buyers to pay part of their down payment with wheat and garlic, in a bid to attract farmers to purchase newly built homes to offload excess housing inventory," Global Times reported.One developer in Nanjing said it would allow home buyers to pay for their homes using watermelon at a rate of 20 yuan per kilogram, as per Global Times.The media outlet quoting a representative of the company said that the bizarre promotional event has been suspended after being ordered by the headquarters."We were told to delete all promotional posters on the social media platforms," said the representative,

'Realty mkt sees 28 land deals comprising over 1,200 acres so far this yr'

Real estate market has witnessed at least 28 land deals, including outright purchases and joint ventures, so far this year comprising over 1,200 acres, according to property consultant Anarock. The consultant noted that the appetite for land acquisition continues unabated for developers and other entities in the post-COVID world. Anarock highlighted that developers are eyeing prime land at key locations across India for future developments across real estate asset classes. "In comparison to H1 2021, the number of deals has doubled from 14 deals in H1 2021 to 28 deals between January 2022 till date," Anarock Chairman Anuj Puri said. As expected, he said residential development remains the prime focus, given the robust housing demand despite a hike in interest rate and property prices. Since the beginning of this year, Anarock said that various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acres across the country. Of the total transacted l

Analysts bullish on real estate sector amid increased capex, healthy demand

Going forward, the ability of developers to show growth on a high base of FY22 sales, and management of a weak macroeconomic environment along with rising interest rates would be the key monitorables

Supertech Insolvency: Lender asks for definite upfront payment of dues

The bank on whose application the NCLT decided to initiate insolvency resolution proceedings against Supertech Ltd has made the submissions before appellate tribunal NCLAT

Low interest rate on home loans to boost housing sales, say realtors

Harsh Patodia, president of realtors' body CREDAI, said the RBI's decision of keeping the repo rate unchanged at the historic low of 4% will bring economic development and growth in the country

31% of total offices in top 6 cities certified as green buildings: Report

31% of total office spaces in six major cities have been certified as green buildings, as real estate developers are focusing more on sustainability aspects in their projects, according to CBRE

Foreign capital in realty jumped 3-fold to $23.9 bn during 2017-21: Report

Total investments in Indian real estate stood at USD 49.4 billion during the 2012-2021 period, of which 64 per cent came from foreign investors

DB Realty shares hit 5% upper circuit on favourable ruling from SC

Shares of DB Realty hit the 5 per cent upper circuit on Wednesday as the company informed the stock exchanges that the firm has won the title of a land owned by it in Mumbai

After a decade, DLF gears up to re-enter Chennai's residential space

Realtor lines up plotted development in OMR, premium high-rise in Central Chennai and another project in Sriperumbudur

Govt took many steps to reduce black money in property deals: Official

As the real estate sector becomes cleaner, Housing and Urban Affairs Secretary Manoj Joshi said more and more women would come to work in this industry

Evergrande aims to deliver 600,000 apartments in 2022, says no fire sales

Evergrande, the world's most indebted property developer with over $300 billion in liabilities, has been struggling to repay creditors, suppliers, and deliver homes to buyers

Union Budget 2022: Real estate sector hails it as a growth-inducing budget

Finance Minister Nirmala Sitharaman on Tuesday tabled the Union Budget for FY 2022-23

Enter residential real estate with a horizon of five to six years

With prices and loan rates at low levels, this is a good time to invest. But moderate your return expectations

Compare builder agreement with your state's model deal: Analysts

Beware of broad definitions of force majeure clause

Realty developers expecting 30% rise in real estate prices this yr: Survey

A significant percentage of real estate developers expect property prices to rise of up to 30 per cent this year due to sharp increase in rates of building materials

A roaring recovery for realty sector from the pandemic: A CRISIL analysis

CRISIL's affordability index, MAHTI- which is the minimum income a household requires to buy a house in a city - has improved across all cities.

India's real estate sector expected to see healthy demand in 2022: Report

Demand for office to rise as top IT companies increase hire; flexible spaces to have a good year in 2022, says Knight Frank's '2022 Outlook Report'

Current, future sentiment index in real estate at all-time high: Report

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

Evergrande secures more than 3-month extension on defaulted $260 mln bond

The extension on the defaulted bond offers respite to the developer