Page 13 - Real Estate Developers

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

Unsold housing stock dips 2% in Jan-Mar at 7.05 lakh units

Unsold housing inventories in primary markets across eight major cities fell marginally by 2 per cent at 7.05 lakh units during January-March as compared to the previous quarter

Real estate has a healthy demand outlook, but some hiccups remain

The second wave may affect Q1, but there is a strong expectation that FY22 demand will perhaps equal or surpass FY20 levels

RMZ and CPP join hands for commercial real estate development in India

RMZ Corp, one of Asia's largest privately-owned real estate owners & developers and Canada Pension Plan Investment Board ("CPP Investments") announced today that they have entered into a joint venture to develop and hold commercial office space in Chennai and Hyderabad.CPP Investments will invest Rs 15,000,000,000 (USD 210 million), which will allow for the expected development of 10.4 million square feet of high-quality commercial office sites."RMZ is widely recognized as one of the most innovative and prolific developers in Asia, dedicated to working to the highest standards across all aspects of the real estate equation. The partnership with CPP Investments, a globally respected institutional investor, will only strengthen our vision of achieving our hyper-growth strategy target of RMZ 2.0," said Manoj Menda, Corporate Chairman, RMZ Corp. "The value of the partnership assets, once developed, is estimated to be over USD 1.5 billion"."RMZ is amongst the only zero-debt real ...

Sales to sustain despite stamp duty reversal, say Mumbai realtors

Growth in the value of properties registered was 1.4 times the number between September 2019 and March last year.

Real estate fund managers float schemes for construction finance

Construction from AIFs will be at a higher rate than banks and NBFCs, which are currently not putting in money

Top listed developers sitting pretty after record bookings in Dec quarter

Experts expect further market share gains; cash flows and collections likely to improve

Godrej Properties to Sobha, realty firms line up launches in March quarter

Godrej Properties, part of Godrej Group, has lined up 12 launches in Mumbai, the National Capital Region, and Bengaluru

From Prestige to Sobha, listed realty firms post best-ever quarterly sales

During the quarter, Prestige racked up sales of Rs 2,026 crore, up 80 per cent quarter-on-quarter and 55 per cent year-on-year

Real estate players rejoice as Delhi govt cuts circle rates by 20%

Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government's move.

Real estate players rejoice as Delhi govt cuts circle rates by 20%

Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government's move.

Realty sector seeks GST waiver, personal tax relief in Union Budget 2021

The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said

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

Tax sops to help firms clear unsold housing units; boost demand: Realtors

For homebuyers, it is a clear added financial benefit to round off the existing offers and discounts

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

Is that to-die-for real estate deal being offered on inflated prices?

Before rushing into these schemes, find out the benchmark price of similar properties in the area

Property developers give up profit margins for sales volume: Analysts

Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market

Home sales recover in Sept qtr; still a long road to recovery: Knight Frank

Developers' cash flows remain under pressure despite the extension on loan moratoriums.

Debt recast at real estate project level to revive sector: Experts

Developers revive stalled projects faster, but someone will have to take a haircut, say industry players

Stamp duty cut will uniformly impact all housing segments, say realtors

Nitin Gupta, managing director at Macquarie Capital said the demand will come back for low and mid income housing and not necessarily premium housing.