Page 32 - Real Estate
Top headlines: Voda Idea too raises tariffs; NoBroker becomes an unicorn
Business Standard brings you the top stories on Tuesday
 "Top headlines: Voda Idea too raises tariffs; NoBroker becomes an unicorn")
Real Estate industry to grow at over 75% YoY for next 3 yrs: Report
After being hit hard by Covid-19 due to scarcity of labour and low budget spending, India's real estate industry is now gathering pace and is on the course to healthy recovery.
 "Real Estate industry to grow at over 75% YoY for next 3 yrs: Report")
NoBroker.com becomes unicorn; raises $210 mn at $1 bn valuation
The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures
 "NoBroker.com becomes unicorn; raises $210 mn at $1 bn valuation")
Affordable housing segment offers Rs 45-trn investment opportunity: Report
The investment in the affordable housing has been 17 per cent of the total PE investment in the residential segment in India in the past 10 years (since 2011).
 "Affordable housing segment offers Rs 45-trn investment opportunity: Report")
SC verdict to protect homebuyers, make realtors toe the line
The SC's verdict is now expected to trigger a major change in state-specific rules modelled on this Act
 "SC verdict to protect homebuyers, make realtors toe the line")
Get diversified country and theme exposure with real estate global funds
Experts say returns from these funds could be slightly lower, but also less volatile, compared to international equity funds
 "Get diversified country and theme exposure with real estate global funds")
Housing sales across 8 cities may rise 15-20% in 2021 on demand revival
During the 2020 calendar year, sales had plunged 47 per cent to 1,82,639 units from 347,586 units in 2019, mainly because of strict nationwide lockdowns imposed in March last year
Evergrande chief's luxury assets in focus as firm scrambles to pay debts
Evergrande's troubles in meeting bond repayments have rattled markets and left many of its investors, creditors and suppliers in financial chaos
 "Evergrande chief's luxury assets in focus as firm scrambles to pay debts")
NBCC Q2 profit rises 68% to Rs 72 cr; revenue up at Rs 1,961 cr
State-owned construction firm NBCC on Friday reported a 68 per cent rise in its consolidated net profit to Rs 72.03 crore for the second quarter ended September 30. The company had posted a net profit of Rs 42.80 crore in the year-ago period. The total income rose to Rs 1,960.91 crore in the second quarter of this fiscal from Rs 1,426.27 crore in the year-ago period, according to a regulatory filing. Delhi-based NBCC had posted a net profit of Rs 221.80 crore over a turnover of Rs 7,012.35 crore for the entire 2020-21 financial year. NBCC is engaged in project management consultancy (PMC) and real estate businesses.
 "NBCC Q2 profit rises 68% to Rs 72 cr; revenue up at Rs 1,961 cr")
Omaxe posts Rs 39 cr loss in Sep quarter; revenue up at Rs 191 cr
Realty firm Omaxe on Friday reported a consolidated net loss of Rs 39.05 crore for the second quarter ended September 30. The company had reported a net loss of Rs 76.13 crore in the year-ago period. The total income, however, rose to Rs 191.34 crore in the second quarter of this fiscal from Rs 163.47 crore a year ago, according to a regulatory filing. Delhi-based Omaxe had posted a net loss of Rs 235.18 crore over a turnover of Rs 514.59 crore for the entire 2020-21 financial year.
 "Omaxe posts Rs 39 cr loss in Sep quarter; revenue up at Rs 191 cr")
Q2 bookings, launches to maintain sales momentum for Oberoi Realty
Sharp run in stock prices over the past three months, however, caps near term upside
 "Q2 bookings, launches to maintain sales momentum for Oberoi Realty")
Cement price will rise as cost of coal is up, says India Cements
The India Cements Ltd on Wednesday said price of cement would increase
 "Cement price will rise as cost of coal is up, says India Cements")
Asia's most expensive apartment sold in Hong Kong's Peak area
The apartment on the Peak came with three parking spaces and is measured at 4,544 square feet
 "Asia's most expensive apartment sold in Hong Kong's Peak area")
DLF to expand retail biz; to add 2.3 mn sq ft of retail space in NCR, Goa
Realty major DLF on Wednesday said the company will develop six new retail properties across major cities comprising 2.3 million square feet area as part of its expansion plan
 "DLF to expand retail biz; to add 2.3 mn sq ft of retail space in NCR, Goa")
Evergrande teeters on edge of default as $148 million payment falls due
SHANGHAI/HONG KONG (Reuters) - Cash-strapped China Evergrande Group teetered again on the precipice of default as it faced a final deadline to make an offshore bond coupon payment on Wednesday, amid growing concerns about a liquidity squeeze in the property sector.
 "Evergrande teeters on edge of default as $148 million payment falls due")
Real estate sector lights up with festive cheer as demand spikes
The Indian real estate sector has seen a spike in demand during the festive period, a recent report by Knight Frank, India informed
Realty firm Sobha's Q2 post-tax profit zooms 165%, sales at all-time high
The company posted a revenue of Rs 819 crore in the quarter, up 59 per cent on a year on year basis
 "Realty firm Sobha's Q2 post-tax profit zooms 165%, sales at all-time high")
PAG bet $1 billion on Indian real estate post NBFC liquidity crisis
Scales up lending at a time when most big lenders shying away from sector
Strides will get bigger on the home run
Backed by economic revival, record low interest rates and stable prices, India's residential real estate market is set to see growing demand
If you are scouting for a property deal in the luxury segment, strike now
If the current uptrend in demand persists, prices could begin to inch up
 "If you are scouting for a property deal in the luxury segment, strike now")
