Page 162 - Real Estate

Most Delhi-NCR builders see no rate hike-impact on housing demand: Survey

Around 68 per cent of respondents said there has been no impact on demand from recent increase in home loan lending rates, while 27 per cent suggested marginal decrease in sales/enquiry

Macrotech Developers Q1 sales bookings up nearly 3-fold to Rs 2,814 crore

Realty firm Macrotech Developers on Wednesday reported a nearly three-fold jump annually in its sales bookings at Rs 2,814 crore in the April-June quarter of this fiscal on strong demand for its residential properties. Macrotech Developers sells its properties under Lodha brand. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune market. The company has recently forayed into Bengaluru. In a statement, Macrotech Developers said it has achieved a pre-sales of Rs 2,814 crore during the first quarter of 2022-23 fiscal, showing a robust increase of 194 per cent from the year-ago period. The sales in April-June 2021 were impacted due to the second wave of the Covid pandemic. The collections from customers in India rose 53 per cent annually to 2,616 crore. Net debt reduced by Rs 450 crore to Rs 8,858 crore. Commenting on the performance, Abhishek Lodha, MD & CEO, Macrotech Developers, said: "Q1FY23 was our best ever 1st quarter with Rs 2,814 crore of pre-sales from our .

This Mahindra Group stock has zoomed over 80% so far in 2022

Mahindra Lifespace hit a record high of Rs 439.85 and surged 6% on expectation of favorable demand situation in the Indian real estate sector.

Ahmedabad India's most affordable housing market in H1CY22: Knight Frank

All markets decline in affordability due to rise in home loan rates

Property registrations in Mumbai up 21 per cent YoY, the best in a decade

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said

Most asset classes bled in the first 6 months of CY22, shows data

Domestic large-caps performed well when compared with global peers, with the Sensex dropping 9 per cent in the first six months of CY22 against a 20 per cent fall in the MSCI World index

Junk bond investors stung by China look to India and Southeast Asia

Asian junk bond investors are increasingly looking to smaller pockets of the market as a debt crisis among the biggest issuers, Chinese property developers, forces old playbooks to be rewritten

New house in Hong Kong sells for $111 million, the most this year

A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city's slowing luxury market

Tipping point for realty sector: Room for double-digit growth in FY23

Price hikes, market-share gains have helped beat cost pressures, gain volumes

Homebuyers in Noida-Greater Noida worst hit; 165,000 units stalled

Homebuyers who booked flats in housing projects in the Noida-Greater Noida property market are worst affected, with over 165,000 flats worth Rs 1.18 trillion currently stalled or significantly delayed

Explained: What is Pradhan Mantri Awas Yojana and how to avail subsidy?

Pradhan Mantri Awas Yojana (PMAY) of the central government completes seven years today. Want to check your name on the list? Here's a step-by-step guide

Record home sales spur 20-50% hiring surge at listed realty firms in H2FY22

Brigade is aiming to increase its workforce by around 15 per cent this year

Mid, small-sized HFCs may bear the brunt of rising interest rates

Shares of housing finance companies nosedived after the RBI hiked repo rate on May 4. While robust real estate demand may outweigh rate hike impact, some firms may be vulnerable to interest rate hikes

Don't lose the plot while buying land: Hire a lawyer to verify legal title

Plots don't age, offer better RoI than apartments

Near-term pain to hit paint, cement stks; long-term outlook robust: Experts

Analysts have downgraded the related sectors, and have cut earnings estimates for FY23 and FY24 factoring the near-term challenges

PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month

Real estate and infrastructure sector investments took the top spot in May 2022, recording $1.7 billion in investments

Give real estate brokers quoting below-market prices a wide berth

Stick to RERA-registered brokers, preferably the tech-savvy kind, and look for deep knowledge of the micro-market you are interested in

480,000 homes worth over Rs 4.5 trillion stuck in top seven cities

Anarock said that the Delhi-NCR and MMR together account for 77 per cent of the total stuck/delayed housing units, while the southern metros Bengaluru, Chennai, and Hyderabad have just 9 per cent

Omaxe partners with Jio-bp to set up EV charging and swapping infra

Jio-bp will set up EV charging and swapping stations at various Omaxe properties across 12 cities under the agreement

Property registrations in Hyderabad rose by 152% in May, says report

The city witnessed a 152% year-on-year growth in property registration at 6,301 during May, indicating a strong demand trend despite external factors such as economic downtrend and inflation