Page 51 - Real Estate

Chennai residential sales up by 59 per cent to 2,500 units in Dec quarter

According to JLL, sales were concentrated in the southern suburbs submarket which accounted for 60 per cent of total the sales in the quarter

Budget 2021-22 wishlist: Here are the key challenges in real estate sector

Given the market / pandemic situation, there is an overall fall in the fair market values of properties

Statsguru: Recovery uneven, but upturns expected in banking, construction

Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent

Hines' India arm to launch third-party asset management business this year

Globally, its asset management business includes 344 properties (143.7 million square feet). Recently DLF bought Hines' stake in One Horizone Center for Rs 780 crore

Will commercial real estate market rebound to pre-pandemic levels in 2021?

2021 should be a year in which commercial asset story will continue to grow and lead the recovery in the real estate sector post pandemic

Realty shares rally as Maha govt slashes premium for construction by 50%

Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties surged between 5 per cent and 7 per cent on the BSE.

Mahindra Lifespaces to raise number of launches, eyes sales of Rs 2,500 cr

The company's stock has risen 95 per cent since beginning of FY21

Sale of over Rs 50L homes account for 57% of total home sales in H2 2020

During 2020, while unsold inventory levels improved, sluggish sales velocity in the middle of 2020 saw quarters taken to sell rise to an average of 10.1 quarters

Quarterly absorption of office space reaches Q1 levels in Q4CY2020

Hyderabad led the pack with the highest net absorption in Q4CY2020

HDFC's Q3 biz update confirms recovery; re-rating in HFCs likely: Analysts

Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say

Jain Housing raises Rs 175 crore from Apollo Global and Nippon Life

The company, which has been in constructing residential apartments and complexes for over 33 years, will use the proceeds to reduce its debts

Textiles, realty on revival path as business limps back to pre-Covid levels

Recovery will be across segments, including cotton yarn, readymade garments, polyester yarn, and home textiles, driven by higher domestic and export demand

Satyaa Homes, Ambuja Neotia group to develop a 72-acre Kolkata township

The township, which will encompass plotted developments, villas, villaments and apartments, will be completed within five years.

New supply of office space down 30-35% in 2020 amid pandemic: Reports

New office space supply was less impacted than the demand, which fell by around 45-50 per cent with corporates deferring their expansion plan and adopting work-from-home policy for employees

Residential property registration jumps 2-fold in Dec in Mumbai: Report

The registration of residential properties in Mumbai jumped over two-folds this month at 18,854 units compared with November on account of reduction in stamp duty by the Maharashtra government, according to Knight Frank India. In November, total registration stood at 9,301 units. The registration in December 2019 stood at 6,433 units, the consultant said. "Mumbai recorded a historic surge in home sales registrations in the month of December 2020. Total sales registered till December 30, 2020 for the month of December is recorded at 18,854 units," Knight Frank said in a statement. Shishir Baijal, Chairman & Managing Director, Knight Frank India said, "The reduction in stamp duty has led to a significant surge in sales of homes in Maharashtra, particularly in Mumbai, comforting the long -beleaguered real estate sector of this region." A combination of the lowest home loan rates, reduced prices along with rebates and offers made by developers, as well as increased household saving ...

House price index growth continues to moderate, shows RBI data

Annual growth in the all-India House Price Index (HPI) continued to moderate and stood at 1.1 per cent in the second quarter of the fiscal

Office leasing in top 6 cities plunges to 27.4 mn sq ft in 2020: Report

Office space absorption across six major cities in India fell over 50 per cent in 2020, according to a Savills India report

Rent trends will largely mirror the demand curve: Niranjan Hiranandani

In a Q&A, the chairman of Hiranandani Communities explains that the pandemic has prompted the millennial to move from being a renter of residential property to an owner

Office absorption up 52% in Q4 of CY20 on sequential basis: JLL report

While IT/ITeS continues to grab the lion's share, leasing activity is being driven by increased demand from sectors such as e-commerce, healthcare and FMCG

PE investment in real estate to drop 31% to $4.6 bn in 2020; $6 bn next yr

Private equity investment in real estate is estimated to fall 31 per cent year-on-year during 2020 to $4.6 billion due to Covid-19