Page 21 - Real Estate
This Mahindra Group stock has zoomed over 80% so far in 2022
Mahindra Lifespace hit a record high of Rs 439.85 and surged 6% on expectation of favorable demand situation in the Indian real estate sector.
 "This Mahindra Group stock has zoomed over 80% so far in 2022")
Ahmedabad India's most affordable housing market in H1CY22: Knight Frank
All markets decline in affordability due to rise in home loan rates
 "Ahmedabad India's most affordable housing market in H1CY22: Knight Frank")
Property registrations in Mumbai up 21 per cent YoY, the best in a decade
Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said
 "Property registrations in Mumbai up 21 per cent YoY, the best in a decade")
Most asset classes bled in the first 6 months of CY22, shows data
Domestic large-caps performed well when compared with global peers, with the Sensex dropping 9 per cent in the first six months of CY22 against a 20 per cent fall in the MSCI World index
 "Most asset classes bled in the first 6 months of CY22, shows data")
Junk bond investors stung by China look to India and Southeast Asia
Asian junk bond investors are increasingly looking to smaller pockets of the market as a debt crisis among the biggest issuers, Chinese property developers, forces old playbooks to be rewritten
 "Junk bond investors stung by China look to India and Southeast Asia")
New house in Hong Kong sells for $111 million, the most this year
A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city's slowing luxury market
 "New house in Hong Kong sells for $111 million, the most this year")
Tipping point for realty sector: Room for double-digit growth in FY23
Price hikes, market-share gains have helped beat cost pressures, gain volumes
 "Tipping point for realty sector: Room for double-digit growth in FY23")
Homebuyers in Noida-Greater Noida worst hit; 165,000 units stalled
Homebuyers who booked flats in housing projects in the Noida-Greater Noida property market are worst affected, with over 165,000 flats worth Rs 1.18 trillion currently stalled or significantly delayed
 "Homebuyers in Noida-Greater Noida worst hit; 165,000 units stalled")
Explained: What is Pradhan Mantri Awas Yojana and how to avail subsidy?
Pradhan Mantri Awas Yojana (PMAY) of the central government completes seven years today. Want to check your name on the list? Here's a step-by-step guide
 "Explained: What is Pradhan Mantri Awas Yojana and how to avail subsidy?")
Record home sales spur 20-50% hiring surge at listed realty firms in H2FY22
Brigade is aiming to increase its workforce by around 15 per cent this year
 "Record home sales spur 20-50% hiring surge at listed realty firms in H2FY22")
Mid, small-sized HFCs may bear the brunt of rising interest rates
Shares of housing finance companies nosedived after the RBI hiked repo rate on May 4. While robust real estate demand may outweigh rate hike impact, some firms may be vulnerable to interest rate hikes
 "Mid, small-sized HFCs may bear the brunt of rising interest rates")
Don't lose the plot while buying land: Hire a lawyer to verify legal title
Plots don't age, offer better RoI than apartments
Near-term pain to hit paint, cement stks; long-term outlook robust: Experts
Analysts have downgraded the related sectors, and have cut earnings estimates for FY23 and FY24 factoring the near-term challenges
 "Near-term pain to hit paint, cement stks; long-term outlook robust: Experts")
PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month
Real estate and infrastructure sector investments took the top spot in May 2022, recording $1.7 billion in investments
 "PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month")
Give real estate brokers quoting below-market prices a wide berth
Stick to RERA-registered brokers, preferably the tech-savvy kind, and look for deep knowledge of the micro-market you are interested in
 "Give real estate brokers quoting below-market prices a wide berth")
480,000 homes worth over Rs 4.5 trillion stuck in top seven cities
Anarock said that the Delhi-NCR and MMR together account for 77 per cent of the total stuck/delayed housing units, while the southern metros Bengaluru, Chennai, and Hyderabad have just 9 per cent
Omaxe partners with Jio-bp to set up EV charging and swapping infra
Jio-bp will set up EV charging and swapping stations at various Omaxe properties across 12 cities under the agreement
 "Omaxe partners with Jio-bp to set up EV charging and swapping infra")
Property registrations in Hyderabad rose by 152% in May, says report
The city witnessed a 152% year-on-year growth in property registration at 6,301 during May, indicating a strong demand trend despite external factors such as economic downtrend and inflation
 "Property registrations in Hyderabad rose by 152% in May, says report")
RBI's rate hike to push up costs: Realty, capital goods companies
Ramani Sastri, chairman and managing director (MD) of real estate firm Sterling Developers, said interest rates impact the cost of doing business
 "RBI's rate hike to push up costs: Realty, capital goods companies")
Rising rates to impact post-pandemic recovery in real estate sector
The rising rates will depress demand and slow down sales
 "Rising rates to impact post-pandemic recovery in real estate sector")
