Page 151 - Real Estate

At home in super luxury: the rise of a real estate trend

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Designer homes, immune to pandemic blues, are inviting new interest

Curated properties high on amenities catch fancy of a younger, moneyed India

67% housing demand in Mumbai from affordable segment: Knight Frank-Naredco

Supply of such housing insufficient to meet demand, says study

Macrotech Developers' sales bookings up 57% to Rs 3,148 crore in Q2

Realty firm Macrotech on Thursday reported a 57 per cent increase in its sales bookings during the July-September quarter to Rs 3,148 crore on strong housing demand. Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. Its sales bookings stood at Rs 2,003 crore in the year-ago period. "Lodha achieved its best ever Q2 pre-sales performance of Rs 3,148 crore, showing a growth of 57 per cent on a YoY (year-on-year) basis," the company said in a regulatory filing. The company's sales bookings have reached Rs 6,004 crore, which is 52 per cent of its guidance of Rs 11,500 crore for the full 2022-23 fiscal. On operational performance, Abhishek Lodha, MD and CEO of Macrotech Developers said, "Despite this being the seasonally weakest quarter, it is the 2nd time in the last 3 quarters when we have surpassed Rs 3,000 crore of pre-sales, suggesting a strong underlying housing demand, the attraction of Lodha Brand amon

Demand triggers may help Oberoi Realty sustain higher sales trajectory

Target prices suggest further upside for the stock

How to pay MCD property tax online? A step-by-step guide to the procedure

Property tax is one of the major sources of revenue for local governments/Urban Local Bodies (ULBs)

Housing sales up 87% in Jan-Sep in 7 cities; breach CY19 figure: Anarock

Housing sales rose 87 per cent in January-September across seven cities to 2,72,709 units and breached the transactions clocked in entire 2019 pre-COVID year on strong demand, according to Anarock. Sales stood at 1,45,651 units in the January-September period of 2021. Property consultant Anarock, which is one of the leading housing brokerage firms, tracks primary sales of seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, housing sales in these seven cities increased to 2,72,709 units during January-September this year from 1,45,651 units in the corresponding period of the previous year. The January-September figure of this calendar year is higher than the 2,61,358 units sold during entire 2019. Sales plunged to 1,38,344 units in 2020 due to the adverse impact of the COVID-19 induced lockdowns. India's primary housing market revived last year on pent up demand coupled with incentives offered by some

Further interest rate hike to hit real estate sector badly: Credai

A realtors' body on Sunday said the rate increase was steeper than expected, but if any further rate hike is passed on to the home buyers, the employment-intensive real-estate sector will get adversely impacted. Reserve Bank of India raised the repo rate by 50 basis points to 5.9 per cent on Friday, in a bid to tame inflation. "We had expected a rate hike by two per cent by December but with the latest round of hike of 50 basis points, the cumulative interest rate rise is 1.9 per cent. It has come 2-3 months earlier than our expectations," Credai West Bengal president Sushil Mohta told PTI. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. "Any further rate hike in the near term will put a brake on the revival of the real estate sector, which has a huge contribution to the economy," he said. The sale of residential flats in Kolkata in the July-September 2022 period has slumped by 73 per cent t

Higher rates to hit real estate and infrastructure projects, say experts

Worried that the rising rates will hit new projects, CEOs said new loans will cost more this increasing the cost of projects

Residential sales might see a slowdown as RBI hikes repo rate: Experts

The repo rate hike does not augur well for the real estate sector, especially the residential segment as it will result in increased mortgage rates.

Housing sales witness 41% rise YoY in July-September: Anarock report

MMR and Hyderabad witnessed the highest new launches in Q3 2022, with approx. 36,000 units and 15,530 units, respectively

From traditional cubicles to smart cabins, co-working is back with a bang

Demand fuelled by hybrid work models, digital nomads, post-Covid urban loneliness

Costlier home loans may have minimal impact during festive demand: Builders

Housing sales are likely to be affected as home loans will become costlier after the RBI's latest hike in repo rate, but builders hope that pent up and festive demand will negate any major impact on buying sentiment. Interest rate on home loans is currently at around 8 per cent and is expected to inch towards 9 per cent after the 50 basis points hike in repo rate announced by the RBI on Friday. This will reduce affordability of buying homes. However, property developers and consultants feel the impact will be "minimal" and not significant as the concept of home ownership has gained momentum during the COVID-19 pandemic. Moreover, builders are banking on festive demand to sail through. Developers are already offering price discounts and freebies to boost sales during the festival season and may further sweeten the deals to attract fence sitters, they said, and advised prospective homebuyers to take advantage of the offers. "We expect the rise in repo rate not to impact positive ...

Consider festive offers that lower your cost of house acquisition

Don't let freebies blind you to key considerations like location, infrastructure, and the developer's record

Residential launches see 61% growth in Q3, says PropTiger report

Despite the slight increase in overall interest rates, the demand for housing has not dipped.

SBI files 'insolvency petition' against Jaiprakash Associates in NCLT

JAL is involved in cement manufacturing, engineering and construction, expressways, real estate, hospitalities, wind/thermal power plants at various locations all over India.

We have sold 50% of Mumbai inventory: Puravankara CEO Abhishek Kapoor

We are looking at launching about 16 million sq ft in the market and in the first phase, we will typically launch about six million

Demand for 3-bedroom homes higher than other choices for first time: Report

Housing market better investment option than it was 12 months ago, respondents tell CII-ANAROCK Consumer Sentiment Survey

RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector

Costlier EMIs and the limited ability of banks to transmit the rate hikes to customers may lead to the real estate sector becoming among the worst impacted sectors

Amrapali homebuyers urged to form association to take over project upkeep

The court received requested the Amrapali unit owners to step forward as neither NBCC nor the contractor will oversee the project's maintenance