Page 34 - Real Estate

Explained: What lies beneath? Hidden debt fears feed China's property woes

Private bonds issued by shell companies in offshore locations have emerged as a new concern.

Real estate sales momentum to sustain after record Q2FY22 performance

Sharp rally in stocks, however, captures near term upsides, say analysts

Scrutinise the deals and discounts while buying a house this festive season

Be guided by more crucial considerations such as the budget, the location, and the projects that are right for you

Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of the COVID-19 pandemic. In some cases, the interest rate on home loans is as low as 6.5 per cent. Asked about the likely impact of its decision to cut mortgage rates for the festive season on home loan disbursals, HDFC Managing Director Renu Sud Karnad said the lower interest rate does help but it is just one of the many variables for the pick-up in demand for home loans. "Housing today is much more affordable than it ever was. In the last couple of years, property prices have more or less remained the same across the country while income levels have gone up," she noted. Karnad further said people

Evergrande's $1.7 bn Hong Kong headquarters sale flops as buyer withdraws

The collapse of the talks for the landmark building's sale is another setback for cash-strapped Evergrande

Evergrande debt woes are 'manageable', says People's Bank of China

Chinese authorities are urging Evergrande to step up asset disposals and the resumption of projects, Zou Lan, head of financial markets at the People's Bank of China (PBoC), told a briefing

Indiabulls realty arm's sales double to Rs 874 crore in H1FY22

According to an investors presentation, new sales stood at Rs 874 crore in the first half of this fiscal year from Rs 368 crore in the corresponding period of the previous year

IT dept detects Rs 184-cr black money after raids on Mumbai realtor, others

The searches were launched on October 7 at 70 premises in Mumbai, Pune, Baramati, Goa and Jaipur

Indiabulls Real Estate sales bookings more than doubles in Apr-Sep

New sales stood at Rs 874 crore in the first half of this fiscal year

PE investment in real estate up 24% YoY in July-Sept at Rs 3,500 cr: Report

It fell 45 per cent as compared with the previous quarter

Evergrande's $1.7 bn HK headquarters sale flops as buyer withdraws: Report

The collapse of the talks for the landmark building's sale is another setback for cash-strapped Evergrande, which has been scrambling to divest some assets to repay creditors knocking on its doors

House hunting? Tips on cashing in on festive offers being made by builders

Just make sure you get your math right while striking a deal for a house this Diwali. Often times, the cost of the offer is built into the price of the property

Institutional investment in realty up 17% in July-Sep to $721 mn: Report

Office segment saw a sharp decline in investments

Realty firm Fantasia Holdings loses two directors, days after default

Finding new directors will be a challenge for Fantasia, at a time Chinese developers are struggling to raise cash amid signs of contagion stemming from the crisis at debt-laden China Evergrande Group

Prestige group Q2 sales bookings up 88% to Rs 2,111.9 crore

Real estate firm Prestige Estates Projects Ltd on Monday reported an 88 per cent year-on-year growth in its sales bookings at Rs 2,111.9 crore for the quarter ending September on better housing demand

Uphaar fire: Delhi court convicts Ansal brothers in evidence tampering case

A Delhi court on Friday convicted real estate barons Sushil and Gopal Ansal for tampering with evidence in the 1997 Uphaar cinema fire case. Chief Metropolitan Magistrate Pankaj Sharma also held a former court staff Dinesh Chand Sharma and individuals P P Batra and Anoop Singh guilty in the case. The court is likely to hear arguments on quantum of sentence on Monday. The case is related to tampering with the evidence in the main fire tragedy which had claimed 59 lives, in which the Ansals were convicted and sentenced to 2-year jail term by the Supreme Court. The apex court however released them taking into account the prison time they had done on the condition that they pay Rs 30 crore fine each, to be used for building a trauma centre in the national capital. Two other accused, Har Swaroop Panwar and Dharamvir Malhotra, died during the course of the trial.

Private equity inflow in real estate up 27% in Apr-Sep at $1.79 bn: Anarock

Private equity investment in Indian real estate rose 27 percent to $1.79 billion in the first six months of the current fiscal mainly driven by domestic funds, according to property consultant Anarock

Oberoi Realty Q2 sales bookings jump over 2-fold to Rs 828.52 crore

Oberoi Realty Ltd on Thursday reported over two-fold jump in its sales bookings at Rs 828.52 crore for the quarter ended September on improved housing demand driven by low mortgage rates

Sobha rallies 14% on reporting best ever sales volume in September quarter

The overall sales were primarily driven by good sale numbers achieved in Bengaluru, Gurugram, Pune and GIFT CITY

Affordable housing loan defaults surge to 7.2%, says rating agency Icra

The ultimate losses to lenders could be limited, given the secured nature of loans