Page 46 - Real Estate

Macrotech Developers' IPO draws mixed response from brokerages

The firm is one of India's largest developers by residential sales value for FY14 to FY20. Its core business is residential real estate development with focus on affordable and mid-income housing

How 3D printing technology is changing the construction landscape in India

Tvasta, a startup incubated at IIT-M and L&T Construction, believes that 3D printing in construction is the answer to India's housing issue

Macrotech Developers to reduce debt by 24% to Rs 12,700 crore after IPO

He said the company's net debt for India business is Rs 16,700 crore as of December 31, 2020. "Our debt will come down to Rs 12,700 crore after the IPO".

Housing sales increases 44% in Jan-Mar 2021 across 8 cities: Report

Sales of residential properties across eight major cities grew 44 per cent in the January-March period this year to nearly 72,000 units as demand recovered, according to Knight Frank India.

Sobha clocks record sales bookings of Rs 3,137 cr in FY21 despite COVID

Realty firm Sobha Ltd on Monday reported record sales bookings of Rs 3,137 crore during the last fiscal year despite the COVID-19 pandemic.

New projects inched higher in March compared to December quarter

Completed projects are down 69.4 per cent year-on-year to Rs 0.53 trillion

Reliance Infra sells HQ in Mumbai's Santacruz to YES Bank for Rs 1200 cr

The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank's debt.

Macrotech IPO to open on April 7; price band set at Rs 483-Rs 486

The IPO comprises fresh issuance of equity shares worth Rs 2,500 crore

Residential property prices fell most in Indian cities: Knight Frank Report

While the top 30 cities registered double digit price rise in end-2020, seven out of eight Indian cities in the list recorded fall in prices

Sales to sustain despite stamp duty reversal, say Mumbai realtors

Growth in the value of properties registered was 1.4 times the number between September 2019 and March last year.

US home prices soared in January by most in seven years, says report

US home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 11.1 per cent in January from a year earlier. That's the biggest gain since March 2014. Prices rose in all 20 cities, and the 12-month increase was larger for all cities in January than in the previous month. January's data remain consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes, said Craig Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. It's not yet clear whether that trend will fade as the pandemic is brought under control, Lazzara said, or if there will be a permanent shift higher in demand. The biggest price gain was in Phoenix, where home prices jumped 15.8 per cent, followed by Seattle, with a 14.3 per cent gain, and San .

Varde Partners in talks with Embassy to extend Rs 900-crore loan

Varde is also in talks to lend about Rs 1,200 crore to Hyderabad-based Phoenix Group

Housing sales in Mumbai grow three-fold in March 2021, says report

The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore

Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida

The Godrej Housing project is located in Sector 43, Noida

Indiabulls, Edelweiss look to launch AIFs to advance realty loans

Edelweiss is also moving in the same direction after it sold developer loans to investors.

House that: Anarock says home sales up 29% in March qtr, JLL finds down 7%

Bengaluru was the only city not to record a major yearly change in total sales number, according to Anarock.

Home sales jump 29% due to better demand in Mumbai, Pune, Hyderabad

Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally

Housing sales in 7 cities surge 29%, highest reported in Hyderabad: Anarock

Unsold inventory in the top 7 cities saw a nominal yearly decline - from 644,000 units towards Q1 2020-end to approx

A regulator for health sector on lines of RERA likely to be set up soon

The survey cited unplanned readmission data - considered the most common metric of quality in the hospital setting

Overhang looming on NCR residential real estate market, says ICRA

With unsold inventory surging to around 222 million sq.ft across 170,000 units and annual absorption plunging under 15 per cent