Page 95 - Real Estate

Luxury housing cashes in on a growing affluent class, evolving lifestyles

This surge is being fuelled by millennials with increasing incomes and elevated expectations

In home and office, India's real estate market charting a course for growth

In the residential domain, a resurgence post-pandemic is evident, characterised by robust market demand buoyed by both buyer confidence and favourable economic conditions

How portrayal of land, property in Hindi cinema reflects changing times

At the heart of these stories lies a universal truth: The pursuit of a place to call one's own, a quest as primal as the human need for shelter itself

A vision for smart, resilient, inclusive cities: Naredco's G Hari Babu

'The introduction of Real Estate (Regulation and Development) Act (Rera) in 2016 marked a major shift, bringing transparency and accountability with mandatory project registration, buyer protection'

Connectivity to infra push turning smaller cities into real estate hotspots

In cities like Meerut, where multiple infrastructure projects are underway, developers have already acquired land for future projects two to three years in advance

Digital property: Proptech startups are gearing up to ride the AI wave

From property listings and transactions, to their management, and development, proptech startups are now present in various aspects of the realty sector

India to be a top global commercial realty market: Anshuman Magazine

Last year, there was an absorption of 16.4 million square feet, one of the highest globally. In 2022, the absorption was 57.9 million sq ft, and this year is also expected to be strong

The housing finance sector will only grow: PNB Housing Finance MD & CEO

The real estate cycle is about 7-8 years. The demand for housing is always increasing, and so is housing shortage. With the government's focus on housing, the housing finance sector will only grow

How green is my building: Demand for sustainable homes, offices is rising

Amid increasing concern for the health of the planet, sustainability is emerging as more than just a trendy buzzword for developers

Trans Harbour Link a game changer for realty: Credai-MCHI President

Credai-MCHI has proposed a separate affordable housing index for metropolitan cities like Mumbai, removing the Rs 45 lakh price cap and declaring all houses up to 60 sq m as affordable

Reforms, initiatives helping transform an industry plagued by problems

Government data shows that so far, some 122,000 real estate projects have been registered under Rera, with over 121,000 consumer grievances addressed nationwide

Luxury is a small percentage of any developer's portfolio: Tariq Ahmed

Technology also enables home management through applications, including automation, guest access, and security. These are the key themes and trends we are seeing in terms of what people want

Smart landing: What to keep in mind when investing in real estate

While prices remained stagnant (2015 to 2021), incomes rose, enhancing affordability. This bodes well for the housing sector in a country facing a shortage of 20 million houses

Developers are curtailing affordable housing projects amid weak margins

According to PropEquity, new launches in the affordable housing segment have fallen over the last two years in both Tier-I and Tier-II cities

HFCs see realty sector expanding with tech adoption and govt backing

Housing finance companies underscore their healthy capital positions amidst heightened investor interest in the segment

Emami Realty Q4 results: Consolidated net loss at Rs 70.38 cr on expenses

Emami Realty on Thursday reported a consolidated net loss of Rs 70.38 crore in the quarter ended March on higher expenses. Its net loss stood at Rs 15.30 crore in the year-ago period. Total income fell to Rs 29.97 crore in the fourth quarter of the last fiscal from Rs 45.61 crore in the corresponding period of the previous year, according to a regulatory filing. During 2023-24 fiscal, the company's net loss stood at Rs 122.93 crore as against a loss of Rs 38.63 crore in the preceding year. Total income also declined to Rs 99.32 crore in the last fiscal from Rs 131.29 crore in the 2022-23 fiscal. Emami Realty is part of business conglomerate Emami Group.

Home prices to rise steadily, affordable housing to be scarce: Poll

Economic growth in India, Asia's third-largest economy is expected to continue outpacing its major peers

Realty major Prestige Estates aims for 30% increase in sales in FY25

The management said it has about Rs 60,000 crore worth of launches in the pipeline, and these projects have been designed and locked in for approval

NBCC Ltd Q4 results: Consolidated net profit rises 26% to Rs 136 crore

State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024. Its net profit stood at Rs 108.4 crore in the year-ago period. Income from operations rose to Rs 4,024.5 crore in the fourth quarter of the last fiscal as compared to Rs 2,813.35 crore in the corresponding period of the previous year, according to a regulatory filing. During the 2023-24 fiscal, net profit rose to Rs 401.55 crore from Rs 266.66 crore in the preceding year. Income from operations grew to Rs 10,432.63 crore in the last fiscal as against Rs 8876.36 crore in the 2022-23 fiscal. NBCC is into project management consultancy (PMC) and real estate business.

Brigade Q4 results: Profit up 234%, revenue rises 102% on strong demand

In FY24, Brigade launched 5.26 million square feet in the residential sector and 0.94 million square feet in the commercial sector