Page 5 - Real Estate Firms

Real estate experts hail central bank decision to hold interest rates

Abheek Barua, Chief Economist of HDFC Bank, said the RBI has continued with its line of supporting growth despite the recent spikes in inflation.

NAREDCO demands one-time loan restructuring, funds for stalled projects

Realtors' body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis

Sunteck Realty first quarter sales booking up 74% at Rs 176 crore

The company's sales bookings stood at Rs 101 crore in the year-ago period, Mumbai-based Sunteck Realty said in a statement.

Phoenix Mills, Brigade Ent: Mall operators not out of woods, say analysts

Weakening financial profile of tenants, particularly of highly impacted sectors, such as multiplexes, food courts and restaurants, due to localized restrictions is expected to hit mall operators, says

Sunteck Realty's sales bookings drop 16% in FY21 amid Covid-19 crisis

Sunteck Realty Ltd on Wednesday reported 16 per cent decline in its sales bookings during the last fiscal year

Realtors fear sales will fall in June quarter due to coronavirus curbs

Construction work to continue in Maharashtra; several builders make arrangements for workers to stay at site

Sales to sustain despite stamp duty reversal, say Mumbai realtors

Growth in the value of properties registered was 1.4 times the number between September 2019 and March last year.

Real estate, travel and tourism blues hit India's consumption story

Experts say despite the revival in the sales of essential goods, several sectors are continuing to drag private consumption down.

Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

India's real estate market sentiment at three-year high, shows data

The current sentiments are in the positive zone boosted by pick up in demand for both residential units and office space

Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices

Realty firms may witness margin shrink by 4-6% due to steel price rise

Surge in prices of steel products that are used in the construction sector has an adverse impact on the real estate companies

BK Birla group's realty arm to launch one housing project every quarter

Birla Estates aims to become one of the country's largest property developers; is starting the next phases of some of its existing projects

Real estate firms see good traction for plotted developments in WFH world

Godrej Properties, part of Godrej group, last month launched plotted developments of 1 million sq ft in Faridabad on 43.61 acres of land acquired from BPTP, an NCR-based developer

Prestige Estates Projects looks to offload residual stake in malls

Prestige will sell 85-87 per cent in its nine operational malls to Blackstone in places such as Bengaluru, Mysuru, Mangaluru, and Hyderabad

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

RBI move to allow loan recast at project level to benefit realtors: Experts

Move will help restart projects stuck due to Covid-19. Both buyers and developers will stand to gain when these projects eventually see the light of day

Bhutani Infra to invest Rs 5,000 cr on 3 projects in Noida over 4 yrs

Out of 2 million sq ft area that has been completed, the company has leased around 1 million sq ft area and is in talks to put on rent the remaining area

Real estate players eye data centres to create separate class of assets

Players such as Puravankara, Salarpuria Sattva in talks to develop data centres in top metros

Debt recast at real estate project level to revive sector: Experts

Developers revive stalled projects faster, but someone will have to take a haircut, say industry players