Page 31 - Real Estate

Street Signs: Realty stocks back on radar, Data Pattern shares, and more

Shares of Mirza International, the company that owns Red Tape brand of shoes, soared over 60 per cent in the past one month

Real estate demand at pre-Covid levels, outlook remains positive: Analysts

Analysts say the trend is expected to continue during the upcoming year

No impact of Omicron variant so far on property market: CREDAI

Realtors body CREDAI on Friday said that there has been no impact of the new Omicron variant on the property market so far and growth in sales volumes is likely to continue. "There has been no significant impact of the new Omicron variant on India's realty market and the growth momentum post festive sales is expected to continue," CREDAI said in a statement. As many as 25 cases of Omicron variant of COVID-19 have been reported so far in India. For the time being, CREDAI said it is not expecting any disruption in project construction pace. The deliveries of projects will also remain unaffected unless there is a significant rise in the infections in the months to come. Credai President Harsh Vardhan Patodia said: "Developers have learnt from the previous two waves of the pandemic and are fully prepared to manage any disruption pertaining to supply chain and labour supply to a large extent." He urged the government to exempt real estate and construction from any future lockdowns or .

India's real estate sector expected to see healthy demand in 2022: Report

Demand for office to rise as top IT companies increase hire; flexible spaces to have a good year in 2022, says Knight Frank's '2022 Outlook Report'

Low interest rate regime on home loans to continue: Realtors on RBI policy

Realtors welcomed the Reserve Bank's decision to keep key policy rates unchanged

China Evergrande hits new low on default worries; Kaisa misses pay date

Bondholders owning over 50% of the notes in question sent the company draft terms of forbearance late on Monday

China Evergrande's debt deadline lapses; Kaisa Group adds to woes

With more than 1,300 real estate projects, Evergrande was once China's top property developer

Realtors buy 1,361-acres land since July 2020 across 7 cities: Anarock

Many developers and entities closed around 45 separate land deals, including outright purchases and joint developments

Shriram Properties fixes IPO price band at Rs 113-118 per share

The three-day initial public offering (IPO) will conclude on December 10, the bidding for anchor investors will open on December 7

Amid Evergrande crisis, more Chinese property developers to issue ABA

The regulators said any fallout was controllable, and that developers' normal funding needs would be met, but the sector is facing another year of tight funding

China: Kaisa fails to get bondholders nod to extend maturity, risks default

Kaisa now faces the possibility of defaulting on its 6.5% offshore bonds due Dec. 7

China property market to keep cooling into H1 2022 on tight curbs: Survey

The property sector, a key driver of growth in the world's second-largest economy, has slowed sharply in recent months

Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

China's property woes worsen as home prices slip in November survey

China's property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a survey showed

Sebi to auction realty firm's properties to recover investors money

Capital markets regulator Sebi on Tuesday said it will auction four properties of Ravi Kiran Realty India Ltd and its promoters on December 16 to recover investors' money. These properties located in West Bengal will be auctioned at a reserve price totalling Rs 3.22 crore, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids for the sale of these properties, Sebi said the auction will be conducted through online mode. The regulator has asked the intending bidders to make their own independent enquiries regarding the measurement, nature, type, classifications, encumbrances, litigations, attachments and liabilities of the properties put on auction. In October 2020, Sebi had announced that it will auction four properties of Ravi Kiran Realty India on November 5, last year. The company had raised funds by issuing redeemable preference shares (RPS) to 1,176 people without complying with the public issue norms. Under the norms, the firm is required to list

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Bengaluru leasing market on revival, absorption to touch 10 mn sq ft: JLL

This is close to 2017-2018 absorption levels for the city

Good times ahead for India's real estate sector: Deloitte report

India's real estate sector suffered a major setback during the first and the second wave of the Covid-19 pandemic but now it is showing signs of steady recovery

Godrej Properties to develop 1.5 mn sq ft project in Bengaluru

Realty firm Godrej Properties Ltd on Friday said it has bought a 16-acre land parcel in Bengaluru to develop primarily residential properties, as part of its strategy to expand business in major cities. The company did not disclose the deal value as well as the name of the seller. In a regulatory filing, Godrej Properties, which is one of the country's leading real estate developers, informed that it has purchased a land measuring approximately 16 acres at a strategically located and fastest developing micro-market of Sarjapur to develop a mid-income project. The project is estimated to have a developable potential of about 1.5 million square feet saleable area, comprising primarily residential apartments of various configurations. Sarjapur is one of the most preferred residential locations in Bengaluru and also has excellent connectivity to the IT/ITES belt at Bellandur on Outer Ring Road and several key hubs of the city. Mohit Malhotra, MD & CEO, Godrej Properties, said, ...

Realty index slips 6%; DLF, Oberoi Realty, Godrej Properties down up to 8%

Despite the over 10 per cent correction from its 52-week high, the BSE Realty index has outperformed the market by surging 57 per cent thus far in the calendar year 2021