Page 21 - Realty

Sobha's FY22 sales bookings up 23% to Rs 3,870 cr on better housing demand

According to a quarterly operational update, the company's sales bookings in volume terms increased by 22% to 49,09,567 sq ft during the last fiscal from 40,13,581 sq ft in the 2021-22 fiscal year

Rohan Lifescapes to launch Rs 2k-cr Borivali redevelopment project shortly

Rohan Lifescapes, the largest re-developer of cessed buildings in the megapolis, is launching its biggest project in the northern suburb of Borivali on a six-acre plot which has a revenue potential of over Rs 2,000 crore. Rohan Lifescapes was founded by first-generation entrepreneur Harresh Mehta in 1996, and has so far delivered 28 projects worth 6.5 million sqft of quality space, impacting 5,000 original families in them. The company has nine ongoing projects which will have around 8 million sqft of developed area, and seven upcoming launches with over 10 million sqft of saleable area, on completion, and the Borivali project is its biggest bet ever with over 25,000 sqm of saleable space, Mehta said, adding the company is sitting on a land bank of over 50 sites in prime localities. Some of its upcoming projects include Hughes Road, Malabar Hill & Chowpatty near the Nariman Point commercial hub. "The Borivali project is our biggest ever, and has a revenue potential of over Rs ...

Godrej Properties seeks Rs 1,000 cr revenue from Mumbai new housing project

Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore. In a regulatory filing, Godrej Properties on Thursday said it has extended an existing arrangements with Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar, Kandivali East. "The new project will have an estimated booking value potential of approximately INR 1,000 crore," Godrej Properties said. This project is an extension of Godrej Tranquil and Godrej Nest, and will offer about 7 Lakh square feet of saleable area. Mohit Malhotra, MD & CEO, Godrej Properties, said, "We are pleased to add this project to our portfolio. Kandivali is a developed micro-market and extending our existing projects in the location fits well with our strategy of deepening our presence in key micro markets across India. In the last few months, Godrej Properties, the largest listed realty firm during the 2020-21 ..

CBRE's Anshuman Magazine on real estate's future

In an interview with Business Standard's Nivedita Mookerji, Anshuman Magazine of CBRE South Asia shares why he sees robust growth for the sector which was hit hard by the pandemic

Home registrations in Mumbai municipal area down 11% in March: Report

The registration of homes stood at 17,728 units in March 2021 because of lower stamp duty rates

Check how home buyers of bankrupt Supertech can now submit claims online

The NCLT order is likely to hit over 25,000 home buyers who have booked their homes with the company for over several years

Foreign capital in realty jumped 3-fold to $23.9 bn during 2017-21: Report

Total investments in Indian real estate stood at USD 49.4 billion during the 2012-2021 period, of which 64 per cent came from foreign investors

Refund homebuyers before Feb 28: SC on demolition of Supertech twin tower

Supertech's 40-storey twin tower in Noida is being razed on the court's order.

Brigade revenue rises 43% to Rs 921 cr in Q3, net profit at Rs 78 cr

The company has reported sales of 1.1 million square feet valued at Rs 684 crore during Q3 of FY22

Oberoi Realty net profit rises 63% at Rs 467.53 crore in Dec quarter

Its net profit stood at Rs 286.65 crore in the year-ago period

China considers Evergrande split to contain crisis in realty sector

The restructuring plan calls for the developer to sell most of its assets

Q3 sales updates, new launches point to strong outlook for realty stocks

Street expects sales momentum to continue despite the concerns on Omicron

Residential plot prices appreciates 7% annually since 2015: Report

Prices of residential plots across eight major cities have appreciated by an average of 7 per cent annually since 2015, while rates of apartments increased by 2 per cent

DB Realty seeks shareholders nod to raise up to Rs 563 cr via warrants

The company informed that an extraordinary general meeting (EGM) has been called on February 2 to consider this proposal

A roaring recovery for realty sector from the pandemic: A CRISIL analysis

CRISIL's affordability index, MAHTI- which is the minimum income a household requires to buy a house in a city - has improved across all cities.

Motilal Oswal's PE arm plans Rs 1,000-cr investment in realty by March

This amount has been committed across residential and commercial projects in Mumbai, Bengaluru, Chennai, Hyderabad and Ahmedabad

Realtors buy 1,361-acres land since July 2020 across 7 cities: Anarock

Many developers and entities closed around 45 separate land deals, including outright purchases and joint developments

Realty rally likely to continue as Street upbeat on prospects

Analysts say investors should moderate return expectations; DLF and Macrotech top picks

Puravankara Q2 profit at Rs 12 cr ; to raise Rs 180 cr via debentures

Puravankara had posted a net loss of Rs 9.81 crore in the year-ago period

Ajmera Realty profit up 48% to Rs 11.43 crore in September quarter

Ajmera Realty & Infra India Ltd on Thursday reported a 48 per cent increase in its consolidated net profit at Rs 11.43 crore for the quarter ended September. Its net profit stood at Rs 7.70 crore in the year-ago period. Total income fell to Rs 100.08 crore in the second quarter of this fiscal year from Rs 109.32 crore in the corresponding period of the previous year. Net profit more than doubled to Rs 21.69 crore during the first six months of this fiscal year from Rs 9.80 crore in the corresponding period of the previous year. Total revenue rose to Rs 235.35 crore during the April-September period of this fiscal year from Rs 149.48 crore in the year-ago period. Dhaval Ajmera, Director Ajmera Realty & Infra India, said: "The improved pandemic scenario and the low home loan rates have provided the required traction to our ready-to-move and under-construction projects. We are on the path of debt reduction." The company plans to launch three new projects this year to continue its