Page 20 - Realty

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 .

Housing sales in Jan-Jun at 9-year high in top 8 cities: Knight Frank

Delhi-NCR saw more than two-fold jump in sales to 29,101 units from 11,474 units, while sales of residential properties in Bengaluru grew by 80 per cent to 26,677 units from 14,812 units

Record home sales spur 20-50% hiring surge at listed realty firms in H2FY22

Brigade is aiming to increase its workforce by around 15 per cent this year

Macrotech Developers enters B'luru; eyes Rs 1,200 cr sales from 1st project

Realty major Macrotech Developers Ltd announced its entry in the Bengaluru market and has formed a joint venture to develop its first housing project with an estimated sales bookings of Rs 1,200 cr

Embassy REIT distributes over Rs 5,800 cr to unitholders since listing

Embassy REIT has delivered 2.5 million square feet of new space and commenced a 4.6 million square feet of the new development growth cycle

What's ahead for the distressed IT, banks, realty, and metal sectors?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

Puravankara posts Rs 20 crore loss in Q4; income falls to Rs 320 crore

The company's net profit stood at Rs 147.06 crore for 2021-22

Home truths about urban housing scheme: 60% completion in 11 of 35 states

It would take the government another five years to construct all houses sanctioned under Pradhan Mantri Awas Yojana (urban).

What's ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

Strong bookings and new launches to keep DLF on higher growth trajectory

REIT listing and valuations are triggers, but rising interest rates is a concern: Analysts.

Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr

Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development

Macrotech to invest Rs 3.8k cr in FY23 on realty projects' construction: MD

Asked about deliveries of projects, he said the company delivered 6,000 housing units last fiscal year and the target is 10,000 units for 2022-23

Tata Realty leases 156,000 sq ft office space to Johnson Controls, PepsiCo

Johnson Controls has taken on lease 85,000-square-foot office space in Intellion Park Gurugram, an IT/ITeS SEZ campus

New housing supply up 43% to 80k units across 6 cities in Jan-Mar: Report

Technology-led real estate consultant Square Yards sells homes on behalf of builders and facilities home loans to consumers

Budget of homebuyers becoming flexible, says M3M's Pankaj Bansal

Incidentally, NCR-Delhi has also replaced Bengaluru as the startup capital of India and the growing startup and unicorn community is also exploring the residential sector for investments

Institutional investment in realty at $63 billion since 2006, says JLL

"The series of reforms that started in 2014 led to increased capital flows over the years

Supertech Insolvency: Lender asks for definite upfront payment of dues

The bank on whose application the NCLT decided to initiate insolvency resolution proceedings against Supertech Ltd has made the submissions before appellate tribunal NCLAT