Page 47 - Real Estate
Existing US home sales fell in February, while prices increased
Sales of previously occupied US homes slowed last month
 "Existing US home sales fell in February, while prices increased")
Buyer entitled to a refund upon delay
The purchaser can't be made to wait endlessly just because the builder fails to fulfil his contractual obligation to obtain the Occupancy Certificate on time
Fractional ownership is for deep-pocketed investors, say analysts
Most retail investors will be better off opting for a REIT
 "Fractional ownership is for deep-pocketed investors, say analysts")
Rich but not ultra? Even you can now invest in grade A commercial property
Fractional ownership platforms give you access to this coveted asset class if you have Rs 25 lakh to spare
 "Rich but not ultra? Even you can now invest in grade A commercial property")
Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450
The stock of Mumbai-based real estate developer was quoting lower for the sixth straight trading day
 "Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450")
Shapoorji Pallonji Real Estate to invest Rs 300 cr to build flats in B'luru
Shapoorji Pallonji Real Estate will invest Rs 300 crore to construct around 440 luxury apartments in Bengaluru
 "Shapoorji Pallonji Real Estate to invest Rs 300 cr to build flats in B'luru")
DLF to raise Rs 500 crore via NCDs in its first major fund hunt in 2021
The Delhi-based group's latest bid to raise funds will be at a coupon rate of 8.25 percent.
 "DLF to raise Rs 500 crore via NCDs in its first major fund hunt in 2021")
Office space supply in the top metros likely to drag down absorption
Supply may be double of demand by fiscal 2022-2023
 "Office space supply in the top metros likely to drag down absorption")
Godrej Properties raises Rs 3,750 cr via QIP to expand business, buy land
Company has built a portfolio of 50 million sq ft in 30 months and plans 12 projects in the fourth quarter.
 "Godrej Properties raises Rs 3,750 cr via QIP to expand business, buy land")
Godrej Properties raises Rs 3,750 crore through QIP issue
Realty firm Godrej Properties on Tuesday said it has raised Rs 3,750 crore through sale of shares to institutional investors.
 "Godrej Properties raises Rs 3,750 crore through QIP issue")
Cummins India rides on exports, likely to gain as demand for power grows
Diesel engine maker projected to benefit as companies planning to build data centres seek power providers
 "Cummins India rides on exports, likely to gain as demand for power grows")
Robust launches to drive growth momentum for Oberoi Realty in FY22
The company is the top pick of brokerages in the realty space
 "Robust launches to drive growth momentum for Oberoi Realty in FY22")
Commercial realty picks up but challenges remain amid Covid-19 pandemic
Companies are still working out their space needs post-pandemic before committing to rents and leases
 "Commercial realty picks up but challenges remain amid Covid-19 pandemic")
Studio apartment supply falls as Covid makes people stay at home: Study
Average size of studio apartments was largest in the National Capital Region and smallest in the Mumbai Metropolitan Region, finds Anarock
 "Studio apartment supply falls as Covid makes people stay at home: Study")
Housing sales likely to drop 34% in FY21 in volume terms: India Ratings
Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the COVID-19 pandemic, the report said
 "Housing sales likely to drop 34% in FY21 in volume terms: India Ratings")
Opportunity from crisis: How investors playing post-pandemic property mkt
The 2.8% capitalisation rate - the return the property is expected to generate - was a record for office real estate in Milan.
 "Opportunity from crisis: How investors playing post-pandemic property mkt")
Prestige concludes phase 1 of deal with Blackstone at Rs 7,467 cr
The Prestige-Blackstone deal is one of the largest real estate deals in the country
 "Prestige concludes phase 1 of deal with Blackstone at Rs 7,467 cr")
Tata Housing to offer 150 units at discount; flash sale starts from Mar 12
Realty firm Tata Housing on Wednesday said it will offer 150 units across 15 projects at a discounted price
 "Tata Housing to offer 150 units at discount; flash sale starts from Mar 12")
Demand for luxury housing improves in national capital
The demand for luxury housing properties in the national capital has improved in the last six months on low prices and home loan interest rates, but there is a need to reduce stamp duty to give a further boost, according to industry experts. Addressing a webinar on luxury housing market of Delhi-NCR, India Sotheby's International Realty CEO Amit Goyal said the circle rates in Delhi should be rationalised as market prices are 30-40 per lower than the circle rates. Rahul Bhargava, Joint General Manager, HDFC Ltd, Anubhav Jain, CEO, Silverglades Group and Ravinder Singh Ahuja, CA, Founder RS Ahuja & Co also participated in the webinar. In the last 8-9 years, property prices have only come down. So, it's high time that the circle rates are rationalised now. I wish there is a stamp duty cut, just like how it was done in Maharashtra and some other states. Even internationally, countries such as the UK and Malta did the same," he said in a statement. Maharashtra and Karnataka governments
 "Demand for luxury housing improves in national capital")
Godrej Properties' shareholders approve raising up to Rs 3,750 cr
Realty firm Godrej Properties on Monday said the company's shareholders have approved the company's proposal to raise up to Rs 3,750 crore through issue of securities.
