Most stocks in the real estate segment are set to add more gains in the coming sessions
Demand expected to pick up; deleveraging, consolidation are key triggers
India's property market is rebounding after being in a down cycle for the last six years as a series of headwinds ranging from the pandemic, a bad-loan crisis and a surprise 2016 cash ban hurt demand
Early this week, ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, launched a fund with a corpus of Rs 1,000 crore
Mahindra Lifespace, Suntech Realty, Godrej Properties, Oberoi Realty, Prestige Estate and DLF were up between 3% and 11% on the BSE
Weakening financial profile of tenants, particularly of highly impacted sectors, such as multiplexes, food courts and restaurants, due to localized restrictions is expected to hit mall operators, says
FMCG, real estate, IT report positive flows
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
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing
The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31
Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties surged between 5 per cent and 7 per cent on the BSE.
Corporate parks, commercial complexes in Haryana, Maharashtra find takers
Pick-up in demand and supportive measures from the government have aided in revival of sentiments for the sector.
Falling operating cash flows could make it difficult to meet return on equity target, say analysts
The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities
The company said the demand has remained consistent in all the cities where it operates in spite of uncertainties of the Covid-19 pandemic
Circle rate is the minimum value that state governments have set for the sale or transfer of a plot, built-up house, apartment or commercial property
At beaten down valuations, annuity developers offer favourable risk-reward, it said. DLF, Prestige Estates, Phoenix Mills and others have large office properties
While announcing Q2 results on November 7, DLF said the development business has been performing well, and achieved net sales of Rs 725 crore in Q2, and expects this momentum to sustain
At the bourses, most real estate stocks have given a healthy return in CY19. Godrej Properties, for instance, has rallied 37 per cent.