Page 144 - Real Estate

Real estate, not gold or stocks, are a girl's best friend: Anarock study

65% women prefer investing in real estate over other asset classes, and of these, 77% would rather buy property as an investment and only 23% want it for self-use

65% women prefer investing in real estate, 20% stocks, 8% gold: Survey

Real estate consultant Anarock has conducted a survey that suggests that 65 per cent women respondents prefer to invest in real estate, 20 per cent in stocks and only 8 per cent of them in gold. The sample size of the consumer survey was 5,500, out of which 50 per cent respondents were women. At least 65 per cent women respondents prefer to invest in real estate, followed by 20 per cent favouring the stock markets. Just 8 per cent of women respondents favour gold, and 7 per cent prefer FDs (fixed deposits), the report said. Among other findings, Anarock said that 83 per cent of women respondents are looking at homes priced above Rs 45 lakh. "The Rs 45-90 lakh budget range is the 'sweet spot' for 36 per cent of women home seekers, and 27 per cent prefer premium homes priced from Rs 90 lakh to Rs 1.5 crore. 20 per cent prefer luxury homes priced more than Rs 1.5 crore," Anarock said. Affordable homes priced under Rs 45 lakh are the least preferred. Santhosh Kumar, Vice Chairman, A

Aiming to double India portfolio to $8 bn in 3-4 yrs: CapitaLand India CEO

In a Q&A, Gauri Shankar Nagabhushanam also dwells on his company's ESG focus and why there is a lot of interest India despite the global headwinds

Size of India's real estate industry to touch $1 trillion by 2030: Report

The size of the country's real estate industry is expected to reach USD 1 trillion by 2030 from USD 200 billion in 2021, according to a joint report prepared by NAREDCO and EY. The report was released on Friday at NAREDCO Finance Conclave held here. The sector is likely to contribute 18-20 per cent to India's GDP by 2030, NAREDCO said in a statement. As per the report, there is a favourable demand-supply gap which will propel the growth of this sector. In a separate statement, NAREDCO said that more than 50 MoUs have been signed among developers, financial institutions and industry body for financing real estate projects. "The total estimated value committed on the MoUs is estimated at over USD 15 billion in which NAREDCO would play the key role of a facilitator," the industry body said. The objectives of the MoUs is to mobilise funds from national and international funds to assist the developers. The National Real Estate Development Council (NAREDCO) has set up a committee to m

China real estate industry recovering from debt crackdown: Officials

China's vast real estate industry is recovering from a slump triggered by tighter debt controls, a deputy central bank governor said Friday, after a wave of defaults by developers rattled global financial markets. Pan Gongsheng mentioned Evergrande Group, the global industry's most heavily indebted developer, but gave no update on its government-supervised efforts to restructure 2.1 trillion yuan (USD 305 billion) in debt to banks and bondholders. Market confidence is recovering. Transaction activity in the real estate market has increased," said Pan at a news conference ahead of the meeting of China's legislature. The financing environment, especially for high-quality enterprises, has improved significantly. Pan gave no indication Beijing planned significant changes in its debt controls, known as three red lines. China's economic growth slid in mid-2021 after regulators who worry debt levels are dangerously high blocked Evergrande and other heavily indebted developers from borrowi

Indiabulls Housing Finance's Rs 900-crore NCD issue opens on Friday

Indiabulls Housing Finance on Thursday announced a Rs 900-crore debt sale through a public issue of secured, redeemable, non-convertible debentures. The base size of the issue is only Rs 100 crore with a greenshoe option for an additional Rs 800 crore. The public issue opens on Friday and closes March 17, the company said in a statement. The company is offering coupon rates ranging from 8.88 per cent to 10.15 per cent per annum and post-close, the issue will be listed on BSE and NSE. The NCDs have tenures of 24 months (series I, II & III), 36 months (series IV, V & VI), and 60 months (series VII & VIII). The company is also offering an additional incentive 0.25 per cent per annum to category III and IV investors, who are also primary holders on the deemed date of allotment, the company said. At least 75 per cent of the net proceeds of the issue will be utilised for onward lending, financing, and for repayment of interest and principal of existing borrowings and the balance

Sunteck Realty leases commercial space to Upgrad, to make Rs 2,000 cr

Upgrad will be paying starting rentals of close to Rs 300 per square feet per month on carpet area basis

Macrotech Developers surges 6% on heavy volumes; stock up 26% in 4 days

According to analysts, Macrotech Developers is expected to benefit from resilient housing demand, supply consolidation and peaking out of high interest rates.

Gera Developments Successfully Hands Over 108 Row Houses to the Customers of Gera's 'World of Joy'

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Prop-tech startup NoBroker raises $5 mn from Google in extended Series E

With this, Google joins existing investors General Atlantic, Tiger Global and Moore Strategic Ventures; tech giant will also collaborate with NoBroker to enhance overall user experience

Migsun Group to invest Rs 706 cr in high-street commercial project in Delhi

Will develop a total built-up area of 6.3 acres on the site and expects to deliver the project within three years

Migsun Group buys land in Rohini to develop high-street retail project

Realty firm Migsun Group on Wednesday said it has acquired 9 acre land parcels at Rohini in the national capital for Rs 265 crore to develop a high-street retail project. "We have purchased land located at Sector 22 in Rohini from Yogi Raj Promoters Pvt Ltd," Migsun Group MD Yash Miglani told reporters here. Migsun Group has entered into a share purchase agreement with Yogi Raj Promoters, which owns this 9-acre land parcel, he added. The company will fund the land acquisition cost through internal accruals. "We will develop a high-street retail project on this land, comprising 1 million square feet area. There is no commercial projects in and around Sector 22, Rohini," Miglani said. The company might purchase an additional Floor Area Ratio (FAR) to increase the size of the project. Miglani said the company intends to develop small retail shops in this project to bring down the overall ticket size. He said the company would retain the leasing right of this project to ensure that

We plan to capture just 4% of mkt in 4 yrs: Prestige Estates' Irfan Razack

'Currently, we are committed to building an annuity portfolio from the present Rs 460 crore in FY23 to Rs 3,000 crore by FY28'

Registration of properties in Mumbai city falls 11% to 9,268 units in Feb

Registration of properties in Mumbai city fell 11 per cent year-on-year in February to 9,268 units amid rise in interest rates on home loans, according to Knight Frank India. As many as 10,379 properties were registered in February last year. Registration of properties stood at 10,172 in February 2021. Real estate consultant Knight Frank India in a statement said Mumbai city (area under BMC jurisdiction) saw property sales registration of 9,268 units in February 2023. The registration of properties contributed over Rs 1,084 crore to the state revenues. Of the total properties registered, 82 per cent were housing properties while 18 per cent were non-residential properties. Shishir Baijal, Chairman & Managing Director of Knight Frank India, said, "The state exchequer made significant revenues from property registration due to a rise in average value of properties registered in February 2023." In February, the average value of properties registered was recorded at Rs 1.9 crore whic

Fractional realty ownership becoming popular with retail investors: Experts

Apart from being a pocket-friendly investment avenue, it also does away with the hassles of property management such as rent collection and maintenance

India is a key country for our regional strategy: Ivanhoe Cambridge MD

India is a key country for our regional strategy as we aim at steady growth in the Asia-Pacific region, says Chanakya Chakravarthi, MD, Ivanhoe Cambridge

Despite hike in prices, sale of residential properties rises in Delhi NCR

In terms of new launches, Delhi NCR witnessed negative growth of 28% in 2022 at 15,699 units as compared to the preceding year

No plans to launch REIT public offer in next 12 months, says DLF CEO

Real estate major DLF has no plans to launch public offer of REIT in the next one year to monetise its rent-yielding commercial properties, its CEO Ashok Tyagi said. DLF holds bulk of its rental assets (offices and shopping malls) through joint venture firm DLF Cyber City Developers Ltd (DCCDL). DLF holds 66.67 per cent stake in DCCDL, while Singapore sovereign wealth fund GIC has 33.33 per cent shareholding. In the last two years, DCCDL has completed all homework to be ready to list its Real Estate Investment Trust (REIT) on stock exchanges by launching an Initial Public Offering (IPO). DLF's top management has been maintaining that the timing for REIT will be decided by the two joint venture partners. "We are not in a hurry. There is no plan to launch REIT in the next one year," Tyagi told PTI when asked about the company's strategy regarding proposed launch of REIT. The decision comes amid global uncertainties and high interest rates regime. In January 2021, DCCDL had appoint

Mahindra Lifespace aims for Rs 500 cr revenue in industrial segment by 2025

In the residential segment, the company has set a target of increasing the annual sales of Rs 2,500 crore by 2025, from around Rs 1,000 crore last financial year

Haryana govt allocates Rs 5,893 crore in FY24 Budget for urban development

The state's overall budget allocation was Rs 1.83 trillion