Page 197 - Real Estate

Top realtors see green shoots as conversion rates rise by up to 25%

Buyers aged between 30-35 years currently living on rent have the highest purchase inclination, says report

Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors

Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15

Global funds remain more overweight on India than APAC: Amish Shah

Amish Shah, India equity strategist at BofA Securities says that his firm expects the markets to consolidate in the near term

Almost 75% complaints from National Capital Region in 2 years: UP RERA

Almost 75 per cent complaints lodged with the Uttar Pradesh Real Estate Regulatory Authority (RERA) in two years have been from the NCR districts, including Noida and Ghaziabad, it stated on Friday.

Maharashtra realtors waive stamp duty for home buyers in bid to spur market

Move follows recent cut in stamp duty on and other levies by state govt

Covid-19 pandemic pushes up average retail order size by over 50%

Retail realty sector that was seeing a steady fall in inventory is again staring at a spike in vacancy rate, a report by Anarock & Retailers Association of India shows

Chinese investors snap up Hong Kong property as new law deters foreigners

In August alone, mainland buyers snapped up at least two office towers and one hotel building worth 386.74 million pounds in total

Maharashtra stamp duty cut will do little in boosting demand: Ind-Ra

Ind-Ra said the residential real estate's volume and price growth are closely integrated with the GDP growth rate

Maharashtra govt's stamp duty cut to do little in boosting demand: Ind-Ra

It also noted that the two key residential real estate markets of Maharashtra Mumbai and Pune may react differently to this measure, given the structural difference between these two markets

Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts

After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bangalore) and Haryana (Gurgaon)

Maharashtra stamp duty cut may spur sales of smaller apartments: Realtors

"There is pent-up demand. I feel demand for smaller apartments will rise as people want to buy new homes," said Deepak Parekh, chairman of HDFC

Stamp duty cut will uniformly impact all housing segments, say realtors

Nitin Gupta, managing director at Macquarie Capital said the demand will come back for low and mid income housing and not necessarily premium housing.

Sunteck Realty zooms 19%, HDFC up 3% as Maharashtra govt cuts stamp duty

The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities

Maharashtra govt cuts stamp duty, other levies for realty transactions

Realtors cheered the announcement and said it would boost the demand for residential apartments and sales

India will need to find jobs for additional 90 mn, says McKinsey report

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

Paying six per cent interest on flat cost for delay a huge burden: Realtors

While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers

Construction resumes after 12,000 get 1st installment in J-K's Rajouri

Under Pradhan Mantri Awas Yojana (PMAY) scheme, as many as 12,000 people have received the first installment of Rs 50,000 each in Rajouri district for the construction of their houses."We have set a target of 100 per cent coverage. To begin with, the first installment has been given to 12,000 people of the district," said Sushil Kumar Khajuria, Assistant Commissioner Development of Rural Development department, Rajouri."The PMAY initiative is supporting people here to build their own houses with the help of Jammu and Kashmir administration. It is a big relief for poor as they can live safely in Pukka houses," Khajuria said.Earlier, there were some people in the district who could not build the pucca house of their own, Panchayat officer Abdul Khabbir said adding, "The orders issued by the Centre has given a push to the development here.""Currently, the construction of 15 houses is underway. We are hoping to convert all the Kaccha houses into the Pucca ones in the next two years," ...

Phoenix Mills up 6% on Rs 1,100 cr QIP; Govt of Singapore picks 4.3% stake

Phoenix Mills said it intends to use the net proceeds towards funding growth opportunities including investing in existing and proposed business ventures, acquisitions, & debt service obligation

London mansion fit for an Indian Prince goes on sale for GBP 15.5mn

A sprawling mansion in the heart of London which was the former family home of Maharaja Duleep Singh's son, Prince Victor Albert Jay Duleep Singh, has gone on sale with a price tag of GBP 15.5 mn.

Embassy to merge assets with IBREL, create one of India's largest realtors

The proposed merger will be achieved through a cashless scheme of amalgamation