Page 3 - Real Estate

DLF's luxury high-rise witnesses pre-launch sales of more than Rs 8,000 cr

Real estate major DLF has witnessed a record breaking pre-formal launch sales of more than Rs 8,000 crores for its luxury high-rise ;The Arbour' project in just 3 days

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose

Mindspace raises Rs 550 cr through green bond to finance projects

Issue had participation from leading insurers, mutual funds, other investors: Real estate firm

M3M buys land in Noida for Rs 250 cr to develop commercial project

Real estate firm seeks top line of Rs 1,200 crore from project to be completed in 2 years

Real estate market's hall of mirrors no fun house, but mood upbeat

Despite multi-year low valuations, brokerages see rise in demand and fall in inventory

Changing Mohali's Skyline with his Futuristic Approach - Gaurav Goyal

.

Max Estates to invest Rs 3,400 cr to develop 4 projects in Noida, Gurugram

Max Group's realty firm Max Estates will invest around Rs 3,400 crore over the next five years to develop two housing and two commercial projects in Noida and Gurugram as part of its expansion plan. Max Estates, which is subsidiary of Max Ventures and Industries Ltd (MaxVIL), has developed three premium office complex in Noida and Delhi, comprising around 15.5 lakh square feet area and one small boutique luxury housing project in Dehradun. "We have entered into residential real estate segment. We have acquired one land parcel in Noida and entered into a joint development agreement with landowner for a housing project in Gurugram," MaxVIL MD and CEO Sahil Vachani told reporters here. He said the company would launch housing project in Noida in July comprising 250 units, while the one in Gurugram, having 1,200-1,400 units, will be launched next year. That apart, Max Estates will develop two office complexes in Noida and Gurugram comprising 26 lakh square feet leasable area. Asked ab

Second commercial project in Chennai almost complete, says realty major DLF

Realty major DLF is in advanced stage of completing its second commercial project 'DLF Downtown' being set up at an outlay of Rs 3,200 crore in the city in a move that would strengthen its presence here, a top official said on Friday. The project aimed at serving clients engaged in the information technology (IT) and information technology enabled services (ITeS), banking, financial services and insurance sectors (BFSI) was expected to be completed by the end of the year, DLF Rental business managing director Sriram Khattar said here. DLF Cybercity Chennai, the first project undertaken by the realty developer in Chennai, on Friday marked the completion of 15 years of operation at Manapakkam in the city. A recreational and social venue 'The Hub' spread across five lakh sq ft land inside the campus of DLF Cybercity Chennai was also unveiled on the occasion. "DLF Downtown is coming up at Taramani at an outlay of Rs 3,200 crore. It is expected to commence operations before the end of th

Real estate becoming unviable due to high construction cost: Tata Realty MD

The development of real estate projects in India is becoming unviable due to high cost of land, capital and construction, along with other economic uncertainties, said Sanjay Dutt, MD & CEO of Tata Realty and Infrastructure Ltd. Dutt, who also heads Tata Housing, said the government as well as judiciary should hold accountable all stakeholders that are involved in approval and development of real estate project to make things easier. Real estate projects are on the verge of becoming unviable, he remarked. When asked about the factors making projects unviable, Dutt pointed out, "Real estate requires a lot of capital in India, first of all to acquire land. In major cities such as NCR, Mumbai and Bengaluru, it (land cost) is almost 50 per cent to 80-85 per cent of the project cost." He mentioned that it takes another 2-3 years in designing the project and getting all regulatory approvals to start construction and marketing activities. Dutt said the cost of capital varies a lot, from

Square Yards raises Rs 112 cr from HNIs for office space in Hyderabad

Proptech firm Square Yards, which recently entered into the business of helping investors in having fractional ownership of commercial properties, has raised Rs 112 crore from high net-worth individuals for the purchase of over 1 lakh square feet office space in Hyderabad. This is the first property being offered by the company to investors for fractional ownership, said Square Yards which is mainly in the property and loans brokerage business. PropsAMC, the asset management services and data intelligence arm of Square Yards, has raised Rs 112 crore for its first Grade A commercial project in Hyderabad, according to a statement issued on Sunday. The project is Square Yards' maiden venture into the fractional product category, with an average investment of Rs 40 lakh from a pool of over 250 investors. This over Rs 100 crore AUM (asset under management) milestone is a testament to the unbridled faith reposed by investors on our platform... " said Tanuj Shori, founder and CEO of Squar

Real estate, not gold or stocks, are a girl's best friend: Anarock study

65% women prefer investing in real estate over other asset classes, and of these, 77% would rather buy property as an investment and only 23% want it for self-use

65% women prefer investing in real estate, 20% stocks, 8% gold: Survey

Real estate consultant Anarock has conducted a survey that suggests that 65 per cent women respondents prefer to invest in real estate, 20 per cent in stocks and only 8 per cent of them in gold. The sample size of the consumer survey was 5,500, out of which 50 per cent respondents were women. At least 65 per cent women respondents prefer to invest in real estate, followed by 20 per cent favouring the stock markets. Just 8 per cent of women respondents favour gold, and 7 per cent prefer FDs (fixed deposits), the report said. Among other findings, Anarock said that 83 per cent of women respondents are looking at homes priced above Rs 45 lakh. "The Rs 45-90 lakh budget range is the 'sweet spot' for 36 per cent of women home seekers, and 27 per cent prefer premium homes priced from Rs 90 lakh to Rs 1.5 crore. 20 per cent prefer luxury homes priced more than Rs 1.5 crore," Anarock said. Affordable homes priced under Rs 45 lakh are the least preferred. Santhosh Kumar, Vice Chairman, A

Aiming to double India portfolio to $8 bn in 3-4 yrs: CapitaLand India CEO

In a Q&A, Gauri Shankar Nagabhushanam also dwells on his company's ESG focus and why there is a lot of interest India despite the global headwinds

Size of India's real estate industry to touch $1 trillion by 2030: Report

The size of the country's real estate industry is expected to reach USD 1 trillion by 2030 from USD 200 billion in 2021, according to a joint report prepared by NAREDCO and EY. The report was released on Friday at NAREDCO Finance Conclave held here. The sector is likely to contribute 18-20 per cent to India's GDP by 2030, NAREDCO said in a statement. As per the report, there is a favourable demand-supply gap which will propel the growth of this sector. In a separate statement, NAREDCO said that more than 50 MoUs have been signed among developers, financial institutions and industry body for financing real estate projects. "The total estimated value committed on the MoUs is estimated at over USD 15 billion in which NAREDCO would play the key role of a facilitator," the industry body said. The objectives of the MoUs is to mobilise funds from national and international funds to assist the developers. The National Real Estate Development Council (NAREDCO) has set up a committee to m

China real estate industry recovering from debt crackdown: Officials

China's vast real estate industry is recovering from a slump triggered by tighter debt controls, a deputy central bank governor said Friday, after a wave of defaults by developers rattled global financial markets. Pan Gongsheng mentioned Evergrande Group, the global industry's most heavily indebted developer, but gave no update on its government-supervised efforts to restructure 2.1 trillion yuan (USD 305 billion) in debt to banks and bondholders. Market confidence is recovering. Transaction activity in the real estate market has increased," said Pan at a news conference ahead of the meeting of China's legislature. The financing environment, especially for high-quality enterprises, has improved significantly. Pan gave no indication Beijing planned significant changes in its debt controls, known as three red lines. China's economic growth slid in mid-2021 after regulators who worry debt levels are dangerously high blocked Evergrande and other heavily indebted developers from borrowi

Indiabulls Housing Finance's Rs 900-crore NCD issue opens on Friday

Indiabulls Housing Finance on Thursday announced a Rs 900-crore debt sale through a public issue of secured, redeemable, non-convertible debentures. The base size of the issue is only Rs 100 crore with a greenshoe option for an additional Rs 800 crore. The public issue opens on Friday and closes March 17, the company said in a statement. The company is offering coupon rates ranging from 8.88 per cent to 10.15 per cent per annum and post-close, the issue will be listed on BSE and NSE. The NCDs have tenures of 24 months (series I, II & III), 36 months (series IV, V & VI), and 60 months (series VII & VIII). The company is also offering an additional incentive 0.25 per cent per annum to category III and IV investors, who are also primary holders on the deemed date of allotment, the company said. At least 75 per cent of the net proceeds of the issue will be utilised for onward lending, financing, and for repayment of interest and principal of existing borrowings and the balance

Sunteck Realty leases commercial space to Upgrad, to make Rs 2,000 cr

Upgrad will be paying starting rentals of close to Rs 300 per square feet per month on carpet area basis

Macrotech Developers surges 6% on heavy volumes; stock up 26% in 4 days

According to analysts, Macrotech Developers is expected to benefit from resilient housing demand, supply consolidation and peaking out of high interest rates.

Gera Developments Successfully Hands Over 108 Row Houses to the Customers of Gera's 'World of Joy'

.

Prop-tech startup NoBroker raises $5 mn from Google in extended Series E

With this, Google joins existing investors General Atlantic, Tiger Global and Moore Strategic Ventures; tech giant will also collaborate with NoBroker to enhance overall user experience