Page 22 - Realty

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

Strides will get bigger on the home run

Backed by economic revival, record low interest rates and stable prices, India's residential real estate market is set to see growing demand

Realty major DLF cuts net debt by 16% in Sep quarter to Rs 3,985 cr

DLF Ltd has reduced its net debt on improved cash flows

Realty firm Hines, DNR group to invest Rs 650 crore in Bengaluru project

The project is located on a 4-acre commercial site owned by DNR Group in Yeshwanthpur

MaxVIL plans to expand realty biz; looks to add at least 2 projects in FY22

Max group firm Max Ventures and Industries Ltd (MaxVIL) is looking to acquire at least two land parcels, outright or through joint ventures

Puravankara to invest Rs 420 cr for two projects; eyes Rs 1,250 cr revenue

Puravankara has completed 74 projects measuring over 42 million square feet area and over 22 million square feet of projects are under development.

BS Number Wise: Home truths about Indian real estate in the pandemic

Top tenants of commercial real estate-mostly IT companies-actually added to their office stock and demand for residential space is reviving.

BSE Realty index hits 11-year high, posts biggest single-day gain in 4 yrs

Spurt in sales, improved outlook buoys shares of most realty firms

Consolidation in India's residential real estate set to gain ground

Top listed players eyeing higher market share

Sales of listed realty firms just 50% of highest Q4FY19 figures

The Q4 of FY19 sales numbers excluded those of property developer Macrotech promoted by the Lodha group

Realtors' body Credai seeks input tax credit under GST for developers

Realtors' body Credai on Tuesday demanded that input tax credit (ITC) under the GST regime should be allowed to developers, saying this could lead to a reduction in housing prices by 10 per cent.

Oberoi to Hiranandani, top Mumbai realtors turn to building redevelopment

Tata Realty, the real estate arm of Tata Sons, is also looking to redevelop residential buildings in South Mumbai

Realty builds on data centres, warehousing amid Covid-19 pandemic

Propelled by online retail and a shift to virtual working and learning, the two segments are driving business for logistics firms at a time when demand for office space has shrunk

629,000 homes valued at Rs 5 trn delayed or stalled in top-7 cities: Report

These projects were launched in 2014 or earlier. Nearly 28% (about 173,730) of these units are completely stalled, the report said

174,000 flats completely stalled in 7 cities; NCR's share at 66%: Report

Nearly 1.74 lakh homes, worth around Rs 1.4 lakh crore, are completely stalled across seven major cities with Delhi-NCR accounting for maximum 66 per cent, according to property consultant Anarock. In its research, Anarock has taken into account only those housing projects that were launched in 2014 or before. Including both stalled and delayed units, the consultant said the total number reached to 6,28,630 homes worth Rs 5,05,415 crore across seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata. Given the huge funding crunch in the construction industry, Anarock said the outlook for people who bought units in completely stalled projects is "disastrous", while the prospects for buyers in heavily delayed projects are "bleak at best". Prashant Thakur, director and head (research) at Anarock, said: "As of H1 2021-end, we have nearly 6.29 lakh units that are yet to be completed across the top-seven cities." Anarock said the overa

Mumbai mega makeover has big opportunities for both realtors and residents

Real estate companies say that if planned properly, the eastern corridor can rejuvenate Mumbai

Real estate industry to grow five-fold to $1 trn by 2030: Housing Secy

Durga Shanker Mishra says that in line with PM's vision of 'Housing for All by 2022', some 11.2 mn houses have been sanctioned and 5 mn have already been allotted

Institutional investment in realty to grow 4% to Rs 36,500 cr: Report

Institutional investment in real estate is likely to rise by 4 per cent to $5 billion (Rs 36,500 crore) during this calendar year with investors looking to snap up properties at attractive valuations