Page 19 - Realty

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

ESG and net zero emissions gaining momentum among realty developers

ESG focus is fairly advanced in developed realty markets and will soon become widespread in India, say industry players; the sector aims to achieve 80-90% green certifications in 4-5 years

Will worries about rate hikes dent realty stocks?

After withstanding the pandemic-wrought downtrend, the sun shines brightly upon the realty sector now. But will the rate-sensitive sector face a challenge due to rising interest rates? Let's find out

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Asia's largest urban slum, spread over 600 acres in the heart of India's financial capital, is home to an informal leather and pottery industry employing over 100,000

Costlier home loans may have minimal impact during festive demand: Builders

Housing sales are likely to be affected as home loans will become costlier after the RBI's latest hike in repo rate, but builders hope that pent up and festive demand will negate any major impact on buying sentiment. Interest rate on home loans is currently at around 8 per cent and is expected to inch towards 9 per cent after the 50 basis points hike in repo rate announced by the RBI on Friday. This will reduce affordability of buying homes. However, property developers and consultants feel the impact will be "minimal" and not significant as the concept of home ownership has gained momentum during the COVID-19 pandemic. Moreover, builders are banking on festive demand to sail through. Developers are already offering price discounts and freebies to boost sales during the festival season and may further sweeten the deals to attract fence sitters, they said, and advised prospective homebuyers to take advantage of the offers. "We expect the rise in repo rate not to impact positive ...

China's property bust holds lessons for India

India and China are on the opposite end of the economic cycle in real estate

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

Twin towers and beyond: The ugly side of demolition

People have the notion that justice should be retributive. It shouldn't

Casagrand forays into home building segment, plans 500 homes in 3 years

Realty firm Casagrand has unveiled an independent residential construction venture -- 'CASAGRAND PERCH', and announced plans to build 500 homes over the next three years under the new initiative. CASAGRAND Perch would be involved in designing of the residential units for customers who own a minimum of 1,500 sq ft land, while keeping in mind the concepts of light, ventilation, privacy and 'vaastu,' a company official said on Wednesday. "Through this venture, we will build an individual home by following the same standards of CASAGRAND. People usually reach out to unorganised players to build their homes and there are times when they are not satisfied with the outcome." CASAGRAND founder-managing director Arun Mn noted. "CASAGRAND Perch has been conceptualised as a venture that will professionally take care of the end-to-end requirements of home building.. at this moment, we will build houses in Chennai, Bengaluru and Coimbatore. We aim to build 500 houses under CASAGRAND Perch in 3 .

A few bumps aside, road ahead is largely smooth for Infra developers

Though competition is very high, stabilisation of commodity, input and energy prices should support margins

Realty firm Omaxe to invest Rs 2,100 crore to build sports, retail complex

Realty firm Omaxe has bagged a project from DDA to develop a sports complex and retail project at Dwarka in the national capital at a cost of Rs 2,100 crore. The company has secured this 50-acre project from the Delhi Development Authority (DDA) under the "Design Build Finance and Operate" model. It will build both outdoor and indoor sports facilities. A large cricket-cum-football stadium is also being planned, besides a retail area. The total investment is estimated at about Rs 2,100 crore, of which Rs 1,300 -1,400 crore will be on sports complex and the rest on retail area. Omaxe Ltd Chairman Rohtas Goel said: "We have bagged a project from DDA, located in Dwarka, New Delhi." It will be the first sports facility to be developed by the DDA in PPP (Public Private Partnership) model. "We will develop a world-class cricket stadium and sports complex in this project. It will be a marquee project facilitating the sports infrastructure at par with global standards," Goel said. The ret

Hines plans to develop 900,000 sq ft office building in Mumbai foray

In a statement on Monday, Hines said it has entered into the Mumbai office market with a new development that will feature a 30-storey grade A office building

Indiabulls Real Estate cuts its net debt by 54% to Rs 464 crore

In the investor presentation IBREL said its net debt stood at Rs 464 crore at the end of June quarter, as against Rs 1,005 crore as on March 31, 2022

Invest in residential realty with at least a seven-year horizon: Experts

While market is on the mend, a steep increase in prices may not happen in near future

DLF stock sees muted reaction from analysts post in-line Q1 results

Analysts have 'neutral' to 'buy' ratings with target price between Rs 385 and Rs 450 as they believe results and guidance already priced-in

Sales, debt reduction shape strong outlook for Macrotech Developers

Realty company on track to meet FY23 target of Rs 11,500 crore in bookings

Prestige Group sales bookings jump 4-fold on account of better demand

Realty firm Prestige Estates on Monday reported over four-fold jump in its sales bookings at Rs 3,012 crore during the first quarter of this fiscal year on better demand and lower base effect

PE inflows into proptech firms rise to $741 million in 2021: Report

The report said the average deal size of PE investments in proptech to an all-time high of $25 million in 2021

Ajmera Realty & Infra Q1 sales bookings jump over 3-fold to Rs 400 crore

Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period. Dhaval Ajmera, Director at Ajmera Realty & Infra India, said, "The company performed exceptionally well during Q1 FY23 on the back of the Ajmera Manhattan launch during April 2022." "Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier, it will be our endeavour to launch new projects in FY23 and take the growth momentum forward," he added. The Mumbai-based company said its sales bookings grew significantly despite headwinds from the introduction of metro cess, higher .

Macrotech Developers Q1 sales bookings up nearly 3-fold to Rs 2,814 crore

Realty firm Macrotech Developers on Wednesday reported a nearly three-fold jump annually in its sales bookings at Rs 2,814 crore in the April-June quarter of this fiscal on strong demand for its residential properties. Macrotech Developers sells its properties under Lodha brand. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune market. The company has recently forayed into Bengaluru. In a statement, Macrotech Developers said it has achieved a pre-sales of Rs 2,814 crore during the first quarter of 2022-23 fiscal, showing a robust increase of 194 per cent from the year-ago period. The sales in April-June 2021 were impacted due to the second wave of the Covid pandemic. The collections from customers in India rose 53 per cent annually to 2,616 crore. Net debt reduced by Rs 450 crore to Rs 8,858 crore. Commenting on the performance, Abhishek Lodha, MD & CEO, Macrotech Developers, said: "Q1FY23 was our best ever 1st quarter with Rs 2,814 crore of pre-sales from our .