Page 199 - Real Estate

Supreme Court allows sharing of resolution plan of Unitech Ltd under IBC

The bench also said the amicus shall collate the suggestions, if any received, with regard to the resolution plan for assistance of the court

Housing sales reviving, end-user demand may strengthen: Mahindra Lifespace

Housing sales as well as enquiries from prospective homebuyers, which were badly hit during April-June due to the COVID-19 pandemic, have started to revive gradually and end-user demand is likely to strengthen in coming months, a top official of Mahindra Lifespace said on Thursday. In an interview with PTI, Mahindra Lifespace Developers MD & CEO Arvind Subramanian said the company did not witness much cancellation of apartments booked by customers as widely feared after the outbreak of COVID-19 and subsequent lockdown. "Just like the economy, businesses were severely challenged in the first quarter of this fiscal year. There was almost a standstill in housing sales and construction activities," he said. However, Subramanian said, "The good news is that our existing customers are committed to their bookings. We are not seeing a large cancellation which could have been one of the outcomes." He said the sales bookings and enquiries from customers in July increased as compared to the .

Housing sales dip 79% across top 8 cities in Apr-Jun over Covid-19 lockdown

According to the data, housing sales declined maximum 86 per cent 1,099 units in Hyderabad during April-June 2020, as against 8,122 units in the year-ago period

Rethinking work, home and office

Working from home will reshape the labour market and the real estate market

Mindspace REIT: Stable dividend yields make it a good long-term bet

The near-term outlook is uncertain and may weigh on its rental portfolio

Covid-19 crisis: In 2020, housing launches fell below demonetisation levels

At 42,000, new housing units launched during the period in the top seven urban clusters (NCR, MMR, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) fell even lower than post-demonetisation period

Economic recovery in India hinges on moratorium duration: Chris Wood

Wood suggests that moratorium could trigger a consumer lending non-performing loans (NPL) cycle

NBCC: Weak margins, muted pace of real estate monetisation key overhangs

The stock has already corrected by almost half in the last one year (a third since January highs). But, as the outlook remains weak, it could continue to lag

Residential unit sales at 10-yr low in H1; office vacancy rate at 4-yr high

As India adopted the work from home (WFH) culture over the past few months, office vacancy levels across metros saw an uptick

YES Bank FPO: Don't judge it on the basis of price discount alone

NPA-adjusted valuations are not attractive; asset quality is a concern

NBFCs, HFCs offload risky realty loans to special situation funds

Experts say though the moratorium on loan repayment is available to developers till August, many are expected to struggle in repaying lenders subsequently

Covid-19 impact: Housing sales down 67% in April-June, says PropEquity

The supply of new units also dropped by 81% during the period to 11,967.

Covid impact: Home sales drop 66% across nine key cities in June quarter

The supply of new housing units also decreased by 81% during the period to 11,967 units from 63,535 units in Q1 2020, as developers hardly launched any projects, with sales coming to a standstill

NBFCs, HFCs shed risky real estate loans to remain asset light

Though moratorium on loan repayment is available for developers till August this year, developers could struggle to repay money to lenders, say experts

Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1

Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak

Covid-19 lockdown impact: Net leasing of office space down 73% in Apr-Jun

Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the COVID-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the year ago period as corporates and coworking players deferred their expansion plans, the property consultant said. During the first half of 2020, the net office space leasing declined 57 per cent to 110.75 lakh sq ft from 255.48 lakh sq ft in the corresponding period of last calendar year. "The net absorption in the second quarter 2020 stands at 3.72 million sq ft, which is lower by 49.5 per cent on a quarterly basis and 73.4 per cent lower on a yearly basis as fresh transaction activity was muted during the quarter," C&W said in a statement. Also, cities like Delhi NCR and Bengaluru saw negative absorption which also pushed the overall net absorption downwards, it ...

Zara founder Amancio Ortega unveils $17.2 billion global real estate empire

Ortega, Spain's richest man, has diversified his fashion fortune to preserve his sizable wealth, investing more than $3 billion in US real estate in recent years.

India JLL's Global Realty Transparency Index improves by one, ranked 34th

India was ranked 35th in the index during 2018 bi-annual survey, while the country was at 36th position in 2016 and 39th in 2014

Mumbai realty: Developers struggle for funds, prices crash, buyers wait

Faced with no movement in sales in the past three-odd months due to lockdown and Covid-19-related issues, property developers are resorting to price cuts

UP offers Covid-19 relief to home buyers, developers in Noida region

Extends projects deadline to December 2021, benefiting 100,000-plus buyers