Page 175 - Real Estate

Current, future sentiment index in real estate at all-time high: Report

The sentiments in the real estate market had turned pessimistic during the April-June quarter because of the outbreak of the second wave of the Covid-19 pandemic

Mahindra Lifespace Q2 profit at Rs 13 cr; revenue up 76% at Rs 65.7 cr

Realty firm Mahindra Lifespace Developers Ltd on Tuesday reported a consolidated net profit of Rs 13.23 crore for the quarter ended September on rise in total income. The company, which is a part of the Mahindra group, had posted a net loss of Rs 13.48 crore in the year-ago period. Total income for the second quarter rose to Rs 65.70 crore from Rs 37.42 crore in the corresponding period of the previous year, according to a regulatory filing. The consolidated PAT, after non-controlling interest, stood at Rs 6.52 crore for the quarter ended September as against a loss of Rs 13.33 crore in Q2 of FY21. Arvind Subramanian, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers Ltd, said, "We have seen encouraging demand growth in both our residential and industrial parks businesses in Q2 FY22. Further, project execution has gained pace." The response to the launch of its first Mahindra Happinest project at Mahindra World City, Chennai has been very heartening, he ..

Chinese developer Modern Land defaults; property shares drop

China's state planner is set to meet with property firms carrying large dollar-denominated debts later in the day to take stock of their total issuance volume and repayment capability

Points to remember before buying a house this festive season

Experts say this is a good time to buy a house for self-use. In this Podcast, we talked about things which will help you make the right purchase decision

Real estate sector to touch $1 trillion by 2030: Niti Aayog CEO Kant

Kant noted that the real estate sector and its stakeholders also play a critical role in supporting the 'housing for all' initiative of the government.

Struggling Chinese developer Evergrande makes bond payment: Report

Evergrande Group's struggle to reduce its 2 trillion yuan (USD 310 billion) of debt to comply with tighter official curbs on borrowing has prompted fears a default might trigger a financial crisis.

Online building permission system in all cities by March next year

The online building permission system will be implemented across all cities by March next year from about 2,500 cities currently to facilitate ease of doing business in the real estate sector

Explained: What lies beneath? Hidden debt fears feed China's property woes

Private bonds issued by shell companies in offshore locations have emerged as a new concern.

Real estate sales momentum to sustain after record Q2FY22 performance

Sharp rally in stocks, however, captures near term upsides, say analysts

Scrutinise the deals and discounts while buying a house this festive season

Be guided by more crucial considerations such as the budget, the location, and the projects that are right for you

Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of the COVID-19 pandemic. In some cases, the interest rate on home loans is as low as 6.5 per cent. Asked about the likely impact of its decision to cut mortgage rates for the festive season on home loan disbursals, HDFC Managing Director Renu Sud Karnad said the lower interest rate does help but it is just one of the many variables for the pick-up in demand for home loans. "Housing today is much more affordable than it ever was. In the last couple of years, property prices have more or less remained the same across the country while income levels have gone up," she noted. Karnad further said people

Evergrande's $1.7 bn Hong Kong headquarters sale flops as buyer withdraws

The collapse of the talks for the landmark building's sale is another setback for cash-strapped Evergrande

Evergrande debt woes are 'manageable', says People's Bank of China

Chinese authorities are urging Evergrande to step up asset disposals and the resumption of projects, Zou Lan, head of financial markets at the People's Bank of China (PBoC), told a briefing

Indiabulls realty arm's sales double to Rs 874 crore in H1FY22

According to an investors presentation, new sales stood at Rs 874 crore in the first half of this fiscal year from Rs 368 crore in the corresponding period of the previous year

IT dept detects Rs 184-cr black money after raids on Mumbai realtor, others

The searches were launched on October 7 at 70 premises in Mumbai, Pune, Baramati, Goa and Jaipur

Indiabulls Real Estate sales bookings more than doubles in Apr-Sep

New sales stood at Rs 874 crore in the first half of this fiscal year

PE investment in real estate up 24% YoY in July-Sept at Rs 3,500 cr: Report

It fell 45 per cent as compared with the previous quarter

Evergrande's $1.7 bn HK headquarters sale flops as buyer withdraws: Report

The collapse of the talks for the landmark building's sale is another setback for cash-strapped Evergrande, which has been scrambling to divest some assets to repay creditors knocking on its doors

House hunting? Tips on cashing in on festive offers being made by builders

Just make sure you get your math right while striking a deal for a house this Diwali. Often times, the cost of the offer is built into the price of the property

Institutional investment in realty up 17% in July-Sep to $721 mn: Report

Office segment saw a sharp decline in investments