Page 54 - Real Estate

Property registrations in Mumbai surge, but FY21 to be tough: Crisil

FY21 is going to be a difficult year for the realty sector with primary sales likely to decline by 50 per cent in top 10 cities, a report said on Thursday.

Will retire Rs 6,000-crore debt after Blackstone deal: Prestige Estates CMD

The total portfolio is expected to be around 21 million square feet (mn sq ft) of completed and under construction projects, said CMD Razack

Covid-triggered 'Work from home' norm spikes housing demand in city suburbs

Potential homebuyers were earlier researching best localities to buy a house near their workplace

Mahindra Lifespace to launch 4 housing projects by March as demand picks

Mahindra Lifespace Developers Ltd will launch four new housing projects, comprising over 900 units, in Mumbai, Pune and Chennai by March next year as part of its expansion plan for future growth

Why the govt's economic package cannot be classified as stimulus

Real stimulus would be to tax people less because spending is as much about feeling good, as it is about having the money and depressed people don't go out shopping

SP realty arm treading a cautious path, to scale down 3BHK flats in Mumbai

Six months ago, it was looking at increasing the number of three-bedroom apartments by 5 per cent

Stimulus 3.0: Construction, infra firms on concrete road to recovery

Recent policy measures on liquidity add to improving outlook led by better execution, good order flows, and low interest rates

Prestige Group's Q2 sales booking up 9% at Rs 1,123 cr despite slowdown

Realty firm Prestige Estates Projects' sales bookings rose 9 per cent year-on-year to Rs 1,123.3 crore during September quarter on better demand for its residential properties

Planning to buy a house? Do it within 7 months to gain from FM's largesse

Low property prices, cheap loan rates, and tax relief make this a good time to strike a deal

Cities with higher circle rates to gain from Sitharaman's new relaxation

While developers hail FM's announcement, they want the govt to exempt the entire interest paid on housing loan from income tax

FM's move on circle rate-deal value gap may not help much in Mumbai, Delhi

Most homes in the two cities are worth more than Rs 2 cr and fall outside the ambit of the relaxation; smaller cities such as Bengaluru, Pune to benefit more

Tax sops to help firms clear unsold housing units; boost demand: Realtors

For homebuyers, it is a clear added financial benefit to round off the existing offers and discounts

FM announces Rs 18,000 crore additional outlay for urban housing scheme

This is over and above Rs 8,000 crore already provided this year

Real estate sector propels PE/VC deal activity in October, says report

Private equity exits have witnessed a slowdown

Lavasa hill city hits dirt; lenders may send company to liquidation

Lavasa, a subsidiary of construction major HCC, has defaulted on bank loans worth Rs 7,700 crore

Realty firm Prestige Estates' Q2 net profit down 40% at Rs 94 crore

Bengaluru based realty firm Prestige Estates Projects Ltd on Wednesday reported a 40 per cent fall in its consolidated net profit at Rs 93.8 crore for the quarter ended September.

Signature Global to invest Rs 500 cr in 2 new housing projects in Gurugram

In the last six years, Signature Global has launched more than 20 housing projects in Gurugram

PE deals score over REITs as realtors eye fast money, avoid listing hassles

Sellers can get 100% funding immediately under PE, compared with 10-25% in REIT, whose listing process could take some time, with risk of market sentiment turning weak in between

Avoid taxing hardship compensation twice

This pertains to the taxation of hardship compensation paid by developers to homeowners in connection with the redevelopment of old residential properties

Closely monitoring inventory, asking builders to start selling: PNB Housing

In the last quarter ended September 2020, the number of log-ins for the company improved to 17,063 from just 5,071 in the preceding quarter ended June 2020