Page 48 - Real Estate

Correction in prices makes Delhi's luxury properties attractive: HDFC

A temporary cut in circle rates by 20 per cent and lower interest rates are also factors

Las Vegas Sands sells Vegas properties for about $6.25 billion

The properties being sold by the casino operator include the Venetian Resort Las Vegas and the Sands Expo and Convention Center.

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts

Generic Engineering Construction bags construction orders worth Rs 81 cr

The company has been awarded with new work orders worth Rs 80.80 crore (including GST) for various institutional projects from new reputed clients

Real estate fund managers float schemes for construction finance

Construction from AIFs will be at a higher rate than banks and NBFCs, which are currently not putting in money

Govt must focus on infrastructure project planning: Louis Berger Asia

Louis Berger is a global infrastructure advisory firm

Godrej Properties buys land worth Rs 166 cr for residential proj in Mumbai

Realty firm Godrej Properties Ltd has bought around 1.5 acre land parcels for Rs 166 crore in Mumbai to develop a residential project

Top listed developers sitting pretty after record bookings in Dec quarter

Experts expect further market share gains; cash flows and collections likely to improve

Q3 GDP growth number: Covid-driven recession over, double dip ahead

GDP is implicitly projected by NSO to slip back into contraction of 1.1% in Q4FY21. This appears to be an outcome of the back-ended release in the Govt's subsidies that is on the anvil in Q4

SBI, Shapoorji Pallonji sign MoU to offer faster home loan approvals

As part of the agreement, customers of SBI and Shapoorji Pallonji Real Estate will be able to avail the benefits of faster processing of home loans and approvals

Office space absorption to grow 12-18% next fiscal : Crisil

Net leasing of commercial office space across the country will grow 12-18 per cent to 25-30 million square feet (msf) next fiscal, a CRISIL analysis showed

US home prices rise 10.1% in Dec, fastest since 2014 due to low rates

U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S and P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1per cent in December from a year earlier. The year-end jump was the biggest since April 2014 and follows a strong 9.2per cent year-over-year gain in November. Home prices climbed 14.4per cent in Phoenix , 13.6per cent in Seattle and 13per cent in Seattle in December. But prices rose all over. Chicago, which recorded the slowest price gain, saw a 7.7per cent uptick. Detroit was not included in the year-over-year figures because of record-keeping delays caused by the coronavirus pandemic. These data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes," said Craig Lazzara, global head of index investment strategy at S&P DJI.XX. But he said it was ...

Large real estate players double market share amid recovery: ICRA

The residential realty sector is witnessing a K-shaped recovery, credit rating agency ICRA said on Tuesday

Godrej Properties to Sobha, realty firms line up launches in March quarter

Godrej Properties, part of Godrej Group, has lined up 12 launches in Mumbai, the National Capital Region, and Bengaluru

Mahindra Lifespace to invest Rs 500 crore in new housing project in Pune

In an interview with PTI, Mahindra Lifespace Developers Chief Marketing Officer Viral Oza said the company has launched a new housing project in Pune, which has been an important market for it

DLF Cyber City completes acquisition of 51.8% stake in Fairleaf Real Estate

The group, through its subsidiary DLF Cyber City Developers (DCCDL), purchased 51.8 per cent stake in the firm that operates Gurgaon's upmarket commercial complex One Horizon Center

Lockdown disruption pushing consumers towards home purchase: Survey

The latest survey by property consultant Anarock and Confederation of Indian Industries shows people are now more willing to own a home than pre-Covid days

Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

Brookfield REIT makes a tepid debut, units end 2% below issue price

Earlier this month, Brookfield Reit's Rs 3,800-crore IPO had garnered nearly eight times subscription

Lodha Developers plans to file DRHP for Rs 2,700-crore IPO this week

Lodha Group considered a listing in 2009 and 2018, but shelved the plan due to unfavourable market conditions