Page 19 - Real Estate Firms

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

As construction gets delayed, Chinese homebuyers refuse to pay mortgages

The payment refusals underscore how the storm engulfing China's property sector is now affecting the country's middle class, posing a threat to social stability

Residential sales hit 9-year high in the first half of 2022: Knight Frank

The rise in sales is despite the overall prices of residential property rising over time. Prices, according to Knight Frank, increased across all markets in the range of 3 per cent - 9 per cent YoY

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,

New house in Hong Kong sells for $111 million, the most this year

A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city's slowing luxury market

9 real estate firms under CBI scanner for diversion of Rs 14k-cr DHFL funds

Union Bank has alleged that Amaryllis Realtors, Gulmarg Realtors and Skylark Buildcon owe Rs 98.33 crore, and Darshan Developers and Sigtia Constructions owe Rs 3,970 crore as outstanding towards DHFL

Don't lose the plot while buying land: Hire a lawyer to verify legal title

Plots don't age, offer better RoI than apartments

RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME

Rules apply to 'upper layer' of finance firms specifically identified by the central bank for enhanced regulatory requirements.

Investments in proptech firms expected to touch $ 1 billion in 2025: Report

With a focus on health and wellness, the consultant Colliers India said that smart building materials with automated air quality systems are increasingly gaining traction.

CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra, officials said.

Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr

Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development

Signature Global raises Rs 400 cr from HDFC Capital's real estate fund

The company raised this fund from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital

New housing supply up 43% to 80k units across 6 cities in Jan-Mar: Report

Technology-led real estate consultant Square Yards sells homes on behalf of builders and facilities home loans to consumers

Higher number of project launches, new deals positive for Godrej Properties

The gains for Godrej Properties are from new launches, are however, is factored into the price.

Investment bankers add weight to Jhunjhunwala's take on realty IPOs

Top private property developers say IPOs are just one source of fundraising

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

Realtors hail RBI policy, say low interest rate to drive housing demand

Housing demand increased by around 50-70 per cent during the last calendar year across 7-8 major cities on various factors such as low interest rates on home loans

Kolte-Patil Developers profit dips 76% to Rs 5.37 cr in December quarter

Total income rose to Rs 244.7 crore in the third quarter of this fiscal year, from Rs 194.66 crore in the corresponding period of the previous year, according to a regulatory filing

Real estate sector pins hope on Budget FY23 to sustain growth momentum

The Central government has done a lot of work for the real estate sector in the previous years with landmark initiatives.

Positive sentiment score in real estate hit record high in Dec qtr: Report

The sentiment index score for India's real estate sector remained positive and touched an all-time high during October-December quarter