Page 8 - Real Estate Stocks

Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%

In past 2 days, DLF surged 9 per cent after the company said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days.

Indiabulls Real Estate plunges 7% as MD Mehul Johnson resigns

The company said merger with the Embassy was in the final stages of the National Company Law Tribunal (NCLT) review - next hearing in Chandigarh scheduled for tomorrow, March 1, 2023.

Mahindra Lifespace tumbles 8% after MD & CEO tenders resignation

The Mahindra Group has appointed Amit Kumar Sinha as the new MD & CEO from May 23, 2023

Real estate shares weak; Godrej Properties, DLF, Mahindra Life shed 3% each

Godrej Properties, DLF and Mahindra Lifespace Developers were down 3 per cent, while Macrotech Developers (Lodha), Sobha, Oberoi Realty, Indiabulls Real Estate and Prestige Estates fell 1-2 per cent

Rate sensitives' display mixed trend after RBI hikes repo rate by 25 bps

At 11:00 am; Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services are trading almost flat, as against 0.58% rise in Nifty 50.

Kolte-Patil Developers rallies 12% on highest-ever quarterly sales in Q3

The management said that this growth was achieved on the back of firm realisations and highest-ever quarterly sales volumes, which improved 102 per cent QoQ and 31 per cent YoY

Realty, auto stocks losers as indices give mixed response to rate hike

Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said

Dharavi redevelopment project a veritable realty goldmine, say experts

Sensitive rehab, retaining local jobs key challenges in Adani's mega project

Asia shares take comfort in China property rally, investors eye protests

Shares of Chinese property companies surged after the country's securities regulator lifted a ban on equity refinancing for listed property firms

Keystone Realtors makes quiet debut, but analysts see long-term value

The stock listed at Rs 555, a 3 per cent premium to its issue price of Rs 541 per share on the NSE and BSE.

Abu Dhabi fund invests $500 mn in Kotak Investment's 13th real estate fund

With this new fund, KIAL has raised, managed or advised more than $3.3 billion under its real estate fund series

Office space demand can translate into high returns, say experts

Oversupply, poor maintenance can, however, play spoilsport

China builders slide to record lows as top chairwoman Wu Yajun steps down

A sudden resignation by the founder and chairwoman of a top Chinese builder has added to concerns over China's ailing property sector, fueling a further selloff

PE investments in realty dip 25% in 2022 on inflation, interest rate spike

In terms of average transaction size, the sector saw average deals of $191 million in 9M 2022, up 53% over $125 mn in the same period in 2021

Sensex, Nifty decline as rate hike worries hit banking, realty shares

Key stock indices Sensex and Nifty declined over half a per cent on Thursday due to selling in financials, auto and realty shares after five-month high inflation fanned rate hike fears. A weak rupee and rising crude prices also impacted the market sentiment, traders said. The 30-share BSE Sensex declined 390.58 points or 0.68 per cent to settle at 57,235.33. The broader NSE Nifty fell 109.25 points or 0.64 per cent to end at 17,014.35. Wipro was the top loser in the Sensex pack, shedding 7.03 per cent, followed by SBI, L&T, ICICI Bank, Asian Paints, Bajaj Finance and HDFC twins. On the other hand, HCL Tech, Sun Pharma, Dr Reddy's Reliance Industries and Ultra Tech Cement were among the gainers, rising up to 3.19 per cent. Vinod Nair, Head of Research at Geojit Financial Services, "Retail inflation persisting above the desired levels has been a major cause of concern for the Indian economy. This, coupled with declining industrial production in August may not be taken well by the ..

Will worries about rate hikes dent realty stocks?

After withstanding the pandemic-wrought downtrend, the sun shines brightly upon the realty sector now. But will the rate-sensitive sector face a challenge due to rising interest rates? Let's find out

785,000 unsold housing stock in top eight cities in Sep-end: Report

Real estate developers are sitting on around 7.85 lakh unsold housing units across eight major cities and it will take them 32 months to clear these stocks at current sales velocity, according to PropTiger. However, in Delhi-NCR residential market -- which has been adversely impacted due to defaults of many big builders like Amrapali, Jaypee Infratech and Unitech -- it will take 62 months to sell over 1 lakh unsold housing units. Housing brokerage firm PropTiger.com data showed that unsold housing inventory has increased to 7,85,260 units as on September 30, 2022 from 7,63,650 unsold units at the end of previous quarter. The consultant tracks primary housing market of eight cities -- Ahmedabad, Delhi NCR (Delhi, Gurugram, Noida, Greater Noida, Ghaziabad, and Faridabad), Chennai, Bengaluru, Hyderabad, Kolkata, Mumbai Metroplitan Region (Boisar, Dombivli, Mumbai, Mazagaon, Panvel, Thane West), and Pune. Housing sales rose 49 per cent to 83,220 units in July-September 2022 across thes

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.

Stock of this real estate company has more-than-doubled in 17 trading days

Shares of DB Realty were locked in the 5-per cent upper circuit band for a fifth straight day, at Rs 109.50 on the BSE, on Friday

Sales, debt reduction shape strong outlook for Macrotech Developers

Realty company on track to meet FY23 target of Rs 11,500 crore in bookings