Page 147 - Real Estate

Demand for affordable housing in Indian cities down 26% in 2022: Report

Budget should revise price bandwidths for units that qualify as affordable housing: Anarock

Macrotech Developers aims to cut debt by nearly 40% in 2023: MD Lodha

Realty firm Macrotech Developers Ltd aims to cut its net debt by nearly 40 per cent to around Rs 5,000 crore by the end of this calendar year with the help of surplus cash flow from strong housing sales, a top company official said. Mumbai-based Macrotech Developers, which is one of the leading real estate firms in the country, markets its properties under the Lodha brand. In an interview with PTI, Macrotech Developers MD and CEO Abhishek Lodha sounded bullish on the long term growth potential of India's residential real estate market. Sales bookings and cash flows have been very strong so far this fiscal year, resulting in reduction in debt by Rs 753 crore in the December quarter to Rs 8,042 crore, he said. "We are hoping to reduce debt further by Rs 1,000 crore by end of this fiscal year to about Rs 7000 crore," Lodha said. The company plans to cut debt by Rs 500-800 crore every quarter. "We will hope to be close to Rs 5,000 crore of net debt sometime by end of this calendar ye

Real estate sector backs proposed IBC rule change for defaults

According to experts, defaults in the real estate sector often pertain to specific projects instead of the whole group

Vital evidence surfaces on Rs 700 crore real estate scam in Mohali

Sources maintain that the NOC violates clause 20 of the sale-deed registration of the plot dated May 27, 1987

Indian real-estate investment grew 32% to all-time high of $7.8 bn in 2022

Indian real estate investments grew by 32 per cent Y-o-Y to an all-time high of $7.8 billion, according to consulting firm CBRE South Asia Pvt Ltd

Macrotech Developers Q3 net rises to Rs 404 cr, income dips to Rs 1,902 cr

Realty firm Macrotech Developers Ltd on Tuesday reported a 41 per cent increase in its consolidated net profit at Rs 404.98 crore for the quarter ended December. Its net profit stood at Rs 286.38 crore in the year-ago period, the company said in a regulatory filing. However, the total income fell to Rs 1,902.44 crore in the third quarter of this fiscal year from Rs 2,155.70 crore in the corresponding period of the previous year. Macrotech Developers, which is one of the leading real estate firms in the country, markets its properties under the Lodha brand. It focuses on Mumbai Metropolitan Region (MMR) and Pune -- the two biggest property markets in Maharashtra. It has recently forayed into the Bengaluru residential market.

Blackstone in talks with Bain to sell $480 mn stake in top REIT: Report

A deal would mark US-based Bain's first REIT investment in India where office space is drawing in investors as many workers have returned to offices with the waning of the Covid-19 pandemic

Twitter faces more lawsuits over unpaid rent for US HQ, UK office

Twitter quit paying rent on its San Francisco headquarters in December

Vodafone sells British HQ and rents part instead amid downsizing

Iqon Capital agreed to buy the total of seven buildings known as "The Connection" on behalf of Aljazira Capital

Get a lower rental rate with higher deposit, longer-term lease agreement

Avoid paying more than 15-20 per cent of post-tax salary as house rent

Lenders look to bag Rs 8,000 crore from sale of RCom's prime property

Will hold auction to sell 56-acres of prime real estate in Navi Mumbai, expect higher valuation due to construction of new airport in the vicinity

Sunteck Realty's sales bookings rise 12% to Rs 396 crore on better demand

Sunteck Realty Ltd on Tuesday reported a 12 per cent increase in its sales bookings to Rs 396 crore on better demand. The company's sales bookings stood at Rs 352 crore in the year-ago period. "We had pre-sales of around Rs 396 crore in Q3 FY23, up 12 per cent on YoY (Year on Year) basis," the Mumbai-based firm said in a regulatory filing. During the April-December period of this fiscal year, the company's sales bookings rose 33 per cent to Rs 1,066 crore from Rs 800 crore in the corresponding period of the previous year, it said.

Sentiment in realty sector drops in Dec qtr but remains positive: Report

The sentiment index is based on the survey of supply-side stakeholders like developers, investors and financial institutions

Revamping the IBC

Faster insolvency resolution is crucial

Global property market sitting on a $175 bn debt time bomb as slump spreads

As the toll from higher interest rates and the end of easy money mounts, many real estate markets are almost frozen with some lenders telling borrowers to sell assets or risk foreclosure

Twitter's 27-hour online auction as Elon Musk grapples with rent

500 advertisers have paused spending on Twitter since Musk took over: Report

Luxury property prices up 8-12% in 2022; surpasses 2015 peak level: Survey

The sample size of the survey is more than 500 HNIs and UHNIs

Indian realty market to reach Rs 13 trillion by 2023: CII Delhi chairman

The conference stressed upon the critical role technology will play in this sector in improving processes in the infrastructure - construction sector

Gera Developments buys land in Pune for themed residential project

Location popular with IT/ITeS and manufacturing professionals, says ANAROCK Capital

UP RERA logs 23% growth in registration of new real estate projects in 2022

There was a jump of about 23 per cent in the registration of projects in 2022 as compared to 2021