Realty Projects
Godrej Properties posts Rs 20.23 cr loss in Q1; income dips to Rs 195.66 cr
Total income also declined to Rs 195.66 crore in the first quarter of the fiscal, from Rs 713.84 crore last year
 "Godrej Properties posts Rs 20.23 cr loss in Q1; income dips to Rs 195.66 cr")
Local developers rope in global realty firms to boost project prospects
They are using the development management model under which the global firm constructs, markets and leases the project for a fee
 "Local developers rope in global realty firms to boost project prospects")
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-19 impact: Housing sales down 67% in April-June, says PropEquity")
HDFC to set up fund to finance stressed realty projects, to rope in partner
The financial institution will put the money as investment in the proposed fund and will rope in a partner for real estate fund financing of distressed assets in the real estate sector
 "HDFC to set up fund to finance stressed realty projects, to rope in partner")
Big realtors to launch mid-level housing projects to improve cashflow
Mumbai-based Oberoi Realty for the first time is looking at launching a sub-Rs 1 crore apartment project in Thane, on the outskirts of Mumbai
 "Big realtors to launch mid-level housing projects to improve cashflow")
Reality of realty post-Covid-19: Here're factors that may impact growth
With the Covid crisis continuing to wreak havoc in the market, its short-term impact in the coming 6-12 months is likely to be quite a dampener for the recovery of the real estate sector
 "Reality of realty post-Covid-19: Here're factors that may impact growth")
UP constitutes panel to reboot real estate sector amid coronavirus crisis
A large number of housing and commercial projects are lying stuck in UP. Besides, the ongoing projects are also witnessing cancellations by investors and buyers because of the dip in earnings
 "UP constitutes panel to reboot real estate sector amid coronavirus crisis")
Lodha group says it sold 300 apartments across projects during lockdown
Developer claims 80 units were sold on Sunday (April 26) across its residential portfolio with a high preference for ready-to-move inventories
 "Lodha group says it sold 300 apartments across projects during lockdown")
It will be survival of the fittest in the long run: Oberoi Realty CMD
There will be a huge supply constraint and this in turn will continue to maintain the prices, or may even push the price of ready flats up, Vikas Oberoi says
 "It will be survival of the fittest in the long run: Oberoi Realty CMD")
Realty check: Current rates and unit sizes in Rs 1 cr-1.5 cr price range
If you are looking at buying real estate, an idea about prevailing rates would come in handy
Are ready-to-move-in properties best bet for homebuyers amidst slowdown?
On an average it took six-and-a-half years for large-sized projects of more than 500 units to be completed in the country, according to Anarock Property Consultant
SBICAP Ventures vetting 18 realty projects for Rs 3,000-crore funding
The company is in talks with some global investors, including sovereign funds, for investment
 "SBICAP Ventures vetting 18 realty projects for Rs 3,000-crore funding")
Realty firm under insolvency can continue to complete other projects: NCLAT
The NCLAT has also said that if insolvency is initiated against a project, it will not extend to the entire company or any of its other projects
 "Realty firm under insolvency can continue to complete other projects: NCLAT")
Budget 2020: HDFC calls for one-time loan recast for stuck realty projects
Parekh said there have been precedents of similar one-time reliefs being allowed by the RBI in the past including in 1993 and also after the global financial crisis.
 "Budget 2020: HDFC calls for one-time loan recast for stuck realty projects")
Realty Check: Current rates and unit sizes in Rs 1-1.5 crore price range
If you are looking at buying real estate, an idea about prevailing rates would come in handy
 "Realty Check: Current rates and unit sizes in Rs 1-1.5 crore price range")
Realty firm M3M signs MoU with Swedish firm to develop smart city
The M3M group owns over 2,000 acres of prime land located right in the heart of Gurgaon and Delhi NCR
 "Realty firm M3M signs MoU with Swedish firm to develop smart city")
$14 bn loans to builders under severe stress, may result in default: Report
"Over 62% or about $58 billion of the total loan advances ($93 billion) to Indian real estate by banks and NBFCs/HFCs is currently completely stress-free," Anarock said in a statement
 "$14 bn loans to builders under severe stress, may result in default: Report")
Property funds are in no hurry to invest in stressed realty projects
The reason: lack of clear legal rules and pricing issues
Govt's realty fund too small? JLL India says Rs 70k-cr needed for revival
In a much-awaited relief for distressed home buyers awaiting possession of their flats, the Centre last week up to Rs 10,000 crore for completing housing projects
Demand for affordable, mid-segment homes to keep driving realty: Experts
The government's recent announcement to set up a Realty AIF to the tune of Rs 25,000 crore to complete stalled projects is likely to give a new lease of life to the sector
