Page 24 - Realty

Chennai residential sales up by 59 per cent to 2,500 units in Dec quarter

According to JLL, sales were concentrated in the southern suburbs submarket which accounted for 60 per cent of total the sales in the quarter

Maharashtra move to cut construction premiums to lower project costs by 17%

However, developers peg the benefit at 6 to 7 per cent after passing on stamp duty costs to buyers

Sale of over Rs 50L homes account for 57% of total home sales in H2 2020

During 2020, while unsold inventory levels improved, sluggish sales velocity in the middle of 2020 saw quarters taken to sell rise to an average of 10.1 quarters

Satyaa Homes, Ambuja Neotia group to develop a 72-acre Kolkata township

The township, which will encompass plotted developments, villas, villaments and apartments, will be completed within five years.

PE inflows to realty sector seen growing 30% to $6 bn in 2021: Report

The next wave of investments will be driven by warehousing, affordable housing and data centres apart from commercial office which will continue to see steady improvement, says the report

Realty sales at pre-Covid levels on the back of stamp duty cut: Crisil

More business shifts to key developers amid pandemic chaos

DLF: Investors should await total biz recovery before considering stock

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

DLF net profit declines 49% to Rs 227.8 cr in Q2, revenue falls 6%

Disruptions following the pandemic impacted its top line too

Homebuyers in SC to frame model pacts to protect realty customers

A plea has been filed in the Supreme Court seeking direction to the Centre to frame model pacts for builder and agent buyers to protect customers and bring in transparency in the realty sector in tune with the Real Estate Regulatory Authority (RERA) Act 2016. The plea filed by 62 home buyers has also sought a direction to all the states to enforce ''Model Builder Buyer Agreement'' and ''Model Agent Buyer Agreement'' and to take steps to avoid mental, physical and financial injury to customers. The plea has made Ministry of Housing and Urban Affairs, DLF Southern Homes Pvt. Ltd.(Begur Omr Home Pvt Ltd) and Annabel Builders & Developers Pvt. Ltd as parties in the case. "Promoters, Builders and Agents use manifestly arbitrary one-sided agreements that do not place customers at an equal platform with them, which offends Articles 14, 15, 21 of Constitution. There have been many cases of deliberate inordinate delays in handing over possession and customers lodge complaints but police ...

Edelweiss raises Rs 6,600 cr AIF, plans to raise $1 bn fund for realty

The arm is looking to raise an alternative investment fund (AIF) of over USD 1 billion next year to invest in realty assets.

Gaurs Group clocks Rs 400 cr sales booking in Q2; small drop from last year

Realty firm Gaurs Group on Saturday reported a marginal 5 per cent fall in sales booking at Rs 401 crore during July-September, despite demand slowdown in the housing market due to Covid-19

Housing supply down nearly 60% in Jan-Sept across top 7 cities: Report

New supply of residential properties fell nearly 60 per cent in January-September this year as low demand due to Covid-19 forced developers to go slow on launching new projects, according to Anarock

Top realtors see green shoots as conversion rates rise by up to 25%

Buyers aged between 30-35 years currently living on rent have the highest purchase inclination, says report

Construction finance, LRD rates lowest in 10 yrs for top realtors: Experts

For large but overstretched firms and mid-sized and small developers, sourcing loans is still difficult

Godrej Properties, DLF: How to trade real estate stocks post stamp duty cut

Price-volume trend indicates a further upside for realty stocks

DLF Q3 profit before tax rises 55% to Rs 368.6 cr; total income falls 36%

Despite the fall in income, the company's net profit increased due to an exceptional gain of Rs 231 crore during the December quarter

Monetary policy review: RBI extends helping hand to MSMEs, realtors

Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors

Realty Check: Current rates and unit sizes in the Rs 1-1.5 cr price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

M P Lodha India's richest realty tycoon, DLF's Rajiv at second spot: Report

Lodha Developers' M P Lodha and family has been named India's richest real estate entrepreneur with a wealth of Rs 31,960 crore followed by DLF's Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively, according to a report. Hurun Report and GROHE India on Monday released the third edition of GROHE Hurun India Real Estate Rich List 2019' featuring the richest real estate entrepreneurs in India. "With a wealth of Rs 31,960 crore, Mangal Prabhat Lodha & family of Macrotech Developers (earlier named Lodha Developers) retained the top spot in GROHE Hurun India Real Estate Rich List 2019 for the second consecutive year," the report said. Lodha family's wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list. "At number two is Rajiv Singh of DLF (up one rank) with a wealth of Rs 25,080 crore up 42 per cent as compared to 2018," the report said adding that ...

Realty check: Current rates, unit sizes in Rs 50 lakhs -1 crore price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy