Page 3 - Residential Property Market

Real estate group Alliance sells 3,686 homes worth Rs 2,290 cr in FY22

The company has lined up new launches of over 25 mn sq ft of residential projects for FY23

Registration of homes in Mumbai city down 26% in Jan to 7,732 units: Report

Registration of residential properties in Mumbai municipal area fell 26 per cent on an annual basis to 7,732 units due to restrictions on movements to curb the spread of the coronavirus pandemic

Delinquent Shimao, Kaisa units named and shamed as defaults rise in China

The total number of such delinquent firms jumped 26% in December from the previous month, according to the list published by the Shanghai Commercial Paper Exchange.

Realtors on firm ground after tackling pandemic gloom; high hopes for 2022

A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year

China's Shimao plans to repay publicly issued debt due in Q4: Report

Shimao saw sharp falls in its shares and debt earlier this month, triggered by worries over an asset sale and cancelled apartment deals.

Housing sales across 8 cities may rise 15-20% in 2021 on demand revival

During the 2020 calendar year, sales had plunged 47 per cent to 1,82,639 units from 347,586 units in 2019, mainly because of strict nationwide lockdowns imposed in March last year

Realtors see residential housing sales hitting new peak in 2 years

Stamp duty cut, low-interest rates, lower prices are a trigger

Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of the COVID-19 pandemic. In some cases, the interest rate on home loans is as low as 6.5 per cent. Asked about the likely impact of its decision to cut mortgage rates for the festive season on home loan disbursals, HDFC Managing Director Renu Sud Karnad said the lower interest rate does help but it is just one of the many variables for the pick-up in demand for home loans. "Housing today is much more affordable than it ever was. In the last couple of years, property prices have more or less remained the same across the country while income levels have gone up," she noted. Karnad further said people

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.

Puravankara hits pause button on warehousing JV with Morgan Stanley

Morgan Stanley is scouting for deals, signing JVs in warehousing

Banks are auctioning 2,362 properties in next 30 days. Grab one for a song

But get a thorough title check done and ensure there are no outstanding dues

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

Delhi-NCR tops in online property searches among 42 cities in June: Report

Realty portal Housing.com on Friday said online searches for residential properties on its platform increased in June after witnessing a decline in preceding 2 months, owing to second wave of pandemic

Check 'rental value fit' when you are investing in house, say analysts

This is the amount that a typical tenant drawn to a locality is prepared to pay

Covid-19 pandemic forces real estate developers to rethink house design

Touch-free elevators, co-working spaces the in thing

Don't find residential rental yields attractive enough? Opt for REITs

Returns are likely to be higher, but payouts are not guaranteed and prices will fluctuate on exchanges

Suraksha group may have to cross legal hurdles to take control of Jaypee

With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr

Plan to grow annuity portfolio to over Rs 2,800 crore: Prestige Estates CEO

Venkat K Narayana, CEO of Prestige Estates Projects, tells Raghavendra Kamath that residential sales will do well due to multiple factors, and that demand for office properties will remain robust

Demand rises for Covid-19 vaccines at offices, residential complexes

Mumbai-based Hinduja Hospital said it has been approached by 100 corporate houses and housing societies

'Only 7% property registrations in Mumbai in April new residential sales'

Fresh demand was affected due to the second wave of the Covid pandemic and expiry of the reduced stamp duty period, according to Knight Frank India