Page 33 - Real Estate

Godrej Properties' sales bookings jump 18% to Rs 3,072 cr in Apr-Sep

The sales bookings had stood at Rs 2,605 crore in the corresponding period of the last financial year

Chinese banks quicken home loan disbursement but caution prevails

Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales

Liquidity worries deepen as unit of Chinese developer Kaisa misses payment

The Shenzhen-based developer has the most offshore debt coming due over the next year of any Chinese developer after embattled China Evergrande Group

China property firms' shares, bonds take hit after Yango debt exchange

Evergrande narrowly avoided a catastrophic default for the second time in a week on Friday, making a last-minute payment on an overdue dollar bond coupon

Registration of homes in Mumbai city up 8% to 8,576 units in Oct

As compared to pre-pandemic October 2019, registrations grew by 48 per cent in October 2021

Realty shares rise on positive outlook; Oberoi, Godrej, Sobha gain up to 9%

At 01:05 pm, the S&P BSE Realty index, the top gainer among sectoral indices, was up 4.7 per cent

Realtors see residential housing sales hitting new peak in 2 years

Stamp duty cut, low-interest rates, lower prices are a trigger

DLF to launch projects in medium term with sales of about Rs 40,000 crore

Bullish on demand DLF Ltd has identified a robust pipeline of new projects and will launch 35 million square feet area in medium term with a sales potential of around Rs 40,000 crore

Embassy REIT second quarter operating income up 30% at Rs 624 cr

Embassy REIT gave on lease 7.13 lakh square feet of office space during the second quarter of the current financial year

Evergrande makes coupon payment before Friday deadline: Report

Evergrande, once China's top-selling developer, is reeling under more than $300 billion in liabilities

DLF Q2 net profit jumps 66% to Rs 378 cr; sales bookings up 77%

According to the company, with increasing volumes and well calibrated price hikes, it expects further margin expansion for its projects

Another Chinese property developer is sinking as junk bonds sell off

Kaisa Group Holdings Ltd. shares plunged a record 18% in Hong Kong after two credit assessors downgraded the Shenzhen-based developer

Realty firm Hines, DNR group to invest Rs 650 crore in Bengaluru project

The project is located on a 4-acre commercial site owned by DNR Group in Yeshwanthpur

Current, future sentiment index in real estate at all-time high: Report

The sentiments in the real estate market had turned pessimistic during the April-June quarter because of the outbreak of the second wave of the Covid-19 pandemic

Mahindra Lifespace Q2 profit at Rs 13 cr; revenue up 76% at Rs 65.7 cr

Realty firm Mahindra Lifespace Developers Ltd on Tuesday reported a consolidated net profit of Rs 13.23 crore for the quarter ended September on rise in total income. The company, which is a part of the Mahindra group, had posted a net loss of Rs 13.48 crore in the year-ago period. Total income for the second quarter rose to Rs 65.70 crore from Rs 37.42 crore in the corresponding period of the previous year, according to a regulatory filing. The consolidated PAT, after non-controlling interest, stood at Rs 6.52 crore for the quarter ended September as against a loss of Rs 13.33 crore in Q2 of FY21. Arvind Subramanian, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers Ltd, said, "We have seen encouraging demand growth in both our residential and industrial parks businesses in Q2 FY22. Further, project execution has gained pace." The response to the launch of its first Mahindra Happinest project at Mahindra World City, Chennai has been very heartening, he ..

Chinese developer Modern Land defaults; property shares drop

China's state planner is set to meet with property firms carrying large dollar-denominated debts later in the day to take stock of their total issuance volume and repayment capability

Points to remember before buying a house this festive season

Experts say this is a good time to buy a house for self-use. In this Podcast, we talked about things which will help you make the right purchase decision

Real estate sector to touch $1 trillion by 2030: Niti Aayog CEO Kant

Kant noted that the real estate sector and its stakeholders also play a critical role in supporting the 'housing for all' initiative of the government.

Struggling Chinese developer Evergrande makes bond payment: Report

Evergrande Group's struggle to reduce its 2 trillion yuan (USD 310 billion) of debt to comply with tighter official curbs on borrowing has prompted fears a default might trigger a financial crisis.

Online building permission system in all cities by March next year

The online building permission system will be implemented across all cities by March next year from about 2,500 cities currently to facilitate ease of doing business in the real estate sector