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
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
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".
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.
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.
Completed projects are down 69.4 per cent year-on-year to Rs 0.53 trillion
The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank's debt.
The IPO comprises fresh issuance of equity shares worth Rs 2,500 crore
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
Growth in the value of properties registered was 1.4 times the number between September 2019 and March last year.
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 is also in talks to lend about Rs 1,200 crore to Hyderabad-based Phoenix Group
The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore
The Godrej Housing project is located in Sector 43, Noida
Edelweiss is also moving in the same direction after it sold developer loans to investors.
Bengaluru was the only city not to record a major yearly change in total sales number, according to Anarock.
Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally
Unsold inventory in the top 7 cities saw a nominal yearly decline - from 644,000 units towards Q1 2020-end to approx
The survey cited unplanned readmission data - considered the most common metric of quality in the hospital setting
With unsold inventory surging to around 222 million sq.ft across 170,000 units and annual absorption plunging under 15 per cent