Page 42 - Real Estate

Plan to grow annuity portfolio to over Rs 2,800 crore: Prestige Estates CEO

Venkat K Narayana, CEO of Prestige Estates Projects, tells Raghavendra Kamath that residential sales will do well due to multiple factors, and that demand for office properties will remain robust

Juan Wilson On A New Path To Support Millions

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Over 80% potential customers to buy homes if states cut stamp duty: Survey

Over 80 per cent prospective homebuyers may consider buying a house if stamp duty is lowered by states, according to a survey by realty portal Magicbricks.

Housing prices rise in March quarter, shows RBI data based on transactions

All India Housing Price Index (HPI) increased 2.7 per cent year-on-year in March quarter 2020-21, as per a data released by RBI on Monday.

Ashiana Housing buys 22 acre land in Gurugram to build residential project

Realty firm Ashiana Housing has acquired 22-acre land in Gurugram from Ramprashta group for about Rs 170 crore to develop a residential project. Recently, the company entered into a development agreement to build a 12-acre residential project for senior citizens in Pune on a revenue-sharing basis. "We have purchased about 22-acre land from Ramprastha group for about Rs 170 crore," Ashiana Housing MD Vishal Gupta told PTI. He said the company will develop a group housing project, which is located in Sector 93, New Gurugram, Haryana. Gupta said it would take 6-8 months to get various approvals to start the construction of this project. The potential saleable area is 21 lakh sq ft in this project. Ashiana Housing has added two projects to its portfolio this month, as part of its strategy to expand the business and future growth. In the Pune project, Ashiana Housing said the total size of the land is 11.93 acres, located in Mouje Varale, Taluka Mawal, District Pune (Maharashtra). Th

Godrej Prop tops in sales bookings for FY21; overtakes Macrotech

Godrej Properties becomes country's largest listed real estate developer in terms of sales bookings during the last fiscal year as it clocked a record pre-sales of Rs 6,725 crore despite pandemic.

Air India to sell real estate assets; may garner up to Rs 300 crore

Disinvestment-bound Air India is looking to raise Rs 200 to 300 crore by selling commercial and residential real estate assets in different parts of the country.

Office leasing in 2021 may remain flat or grow slightly in 7 cities: JLL

JLL India, part of US-based real estate consultancy firm JLL, is one of the leading property consultants in India with dominance in commercial leasing and facilities management businesses.

DLF may underperform on valuations, commercial portfolio concerns

Residential segment sales and outlook however remains robust

ICICI Venture eyes digital start-ups, real estate fund of $300-400 million

The leading private equity player is re-entering the start-up space after around two decades

Realty major DLF sale bookings up 24% at Rs 3,084 cr in FY21

This comes as the firm saw better demand for completed and new inventories despite the pandemic.

DLF Q4 profit up 6.4% YoY to Rs 481 cr; firm appoints new CEOs

Firm posts full-year profit of Rs 1,097 cr in FY21 compared with a Rs 597 cr loss the previous year

Second home is where the heart is in times of stress, WFH and Covid-19

The uber rich and corporate exec are buying holiday homes by the hillside, seaside, or retreats closer to their city houses, where they can live and work peacefully amid less noise and pollution

REITs to lure investors with tax-free dividends and capital returns

Mindspace gives 90% of returns; Brookfield, Embassy to follow suit

India ranks at the bottom of global house price index

While the local housing market was already struggling to attract enough buyers, the current crises have resulted in a fall in average home rates by 1.6 percent dragging India's ranking by 12 positions

Prestige group's FY21 sales bookings at record Rs 5,461cr despite Covid

This comes on the back of better demand for its properties

Twin challenges for office developers in 2021: Low demand, renewals

Occupancy levels at the end of March was down 88.9 per cent, or 390 bps over the year-ago period.

Model Tenancy Act to create level-playing field between landlord and tenant

By giving landlords the confidence to rent their properties, it will augment supply, providing tenants with more choices

Let us Leverage Technology in Real Estate to make a positive impact on Environment.

Real Estate like Environment is ubiquitous. Every living human being breathes and consumes a piece of Environment as well Real Estate every moment, every day, every year.

Damani, Big B, Raheja: Ultra-rich go realty shopping in Maharashtra

The state government cut stamp duty to three per cent from five per cent up to December 31 last year and to two per cent up to March 31 this year