Page 2 - Real Estate Developers

Future sentiment score hints a decline in housing market momentum in Q4

The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022.

Real estate major DLF net profit rises 28% YoY to Rs 487 crore

At the end of the second quarter (Q2), the company's revenue stood at Rs 1,360 crore and net debt at Rs 2,142 crore, said the company

NAREDCO sets up finance committee to help builders in getting funds

The NFC will also support large-scale projects to access funds via financial institutions and educate members to enhance their credit ratings.

Air quality-driven construction ban may delay realty projects in Delhi-NCR

568,000 housing units are under various stages of completion. Periodic bans by NGT, govt, or apex court in response to poor air quality have serious consequences, say experts

ESG and net zero emissions gaining momentum among realty developers

ESG focus is fairly advanced in developed realty markets and will soon become widespread in India, say industry players; the sector aims to achieve 80-90% green certifications in 4-5 years

Designer homes, immune to pandemic blues, are inviting new interest

Curated properties high on amenities catch fancy of a younger, moneyed India

67% housing demand in Mumbai from affordable segment: Knight Frank-Naredco

Supply of such housing insufficient to meet demand, says study

Residential launches see 61% growth in Q3, says PropTiger report

Despite the slight increase in overall interest rates, the demand for housing has not dipped.

Nearly 50% homebuyers expect property prices to increase: Report

Services activity, hiring and stable unemployment rate helping consumer confidence, it says

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

UP govt to formulate township policy before global investor summit

The proposed policy is likely to be ready by month-end to ensure its implementation before the mega UP global investor summit in January 2023.

Twin towers and beyond: The ugly side of demolition

People have the notion that justice should be retributive. It shouldn't

Disappointing China economic data sparks industrial metals' sell-off

China's economy unexpectedly slowed in July, with growth in industrial output, fixed-asset investment, total social financing and new yuan loans slowing

China realty developers plead for govt help to restore sales amid protests

Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according to the letter.

Builders see short-term impact on sales on likely hike in home loan rate

The RBI's decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent will make home loans costlier, and thus reducing affordability of prospective homebuyers, they added.

Godrej Properties Q1 profit nearly triples to Rs 46 cr; bookings up 5 times

Gaurav Pandey will become the new MD and CEO of the Mumbai-based developer from January 1 next year

'China to rescue property developers after homebuyers boycott mortgages'

By having customers purchase homes "off plan," builders can receive construction financing and shift risks - such as costly pandemic-related supply chain delays and bankrupt builders to homebuyers

Lodha claims 47% in Peerless after NCLT says share allotment to Roys 'void'

Peerless Managing Director Jayanta Roy said that the order was nothing but a stage of litigation

Chinese real estate developers accepting watermelons as payment: Here's why

The deep recession in China's property market has compelled real estate companies to float a bizarre marketing strategy to lure home buyers.China's real estate developers have started accepting payments for homes in watermelons and other agricultural produce."Real estate developers in Chinese third- and fourth-tier cities have launched various promotional campaigns recently, including encouraging home buyers to pay part of their down payment with wheat and garlic, in a bid to attract farmers to purchase newly built homes to offload excess housing inventory," Global Times reported.One developer in Nanjing said it would allow home buyers to pay for their homes using watermelon at a rate of 20 yuan per kilogram, as per Global Times.The media outlet quoting a representative of the company said that the bizarre promotional event has been suspended after being ordered by the headquarters."We were told to delete all promotional posters on the social media platforms," said the representative,

'Realty mkt sees 28 land deals comprising over 1,200 acres so far this yr'

Real estate market has witnessed at least 28 land deals, including outright purchases and joint ventures, so far this year comprising over 1,200 acres, according to property consultant Anarock. The consultant noted that the appetite for land acquisition continues unabated for developers and other entities in the post-COVID world. Anarock highlighted that developers are eyeing prime land at key locations across India for future developments across real estate asset classes. "In comparison to H1 2021, the number of deals has doubled from 14 deals in H1 2021 to 28 deals between January 2022 till date," Anarock Chairman Anuj Puri said. As expected, he said residential development remains the prime focus, given the robust housing demand despite a hike in interest rate and property prices. Since the beginning of this year, Anarock said that various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acres across the country. Of the total transacted l