Page 56 - Real Estate

Covid impact: PE investment in real estate down 57% in Jan-Sep at $2.3 bn

PE investment in Indian real estate fell 57 per cent year-on-year to around $2.3 billion during January-September this year as investors remained cautious due to Covid-19, according to a report

Property developers give up profit margins for sales volume: Analysts

Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market

Residential real estate showing recovery signs in Jul-September: Report

Sales figures for Q3FY20 from July to September indicate signs of recovery in the real estate sector, though some of this growth could potentially be attributed to pent-up demand due to lockdown

ASK PIA invests Rs 125 cr in Gulshan Homz's mixed-use project in Noida

Both projects are in line with ASK PIA''s strategy of providing funds to projects to facilitate project execution and completion

Decoded: How govt's SVAMITVA scheme aims to help rural property holders

Launched by Prime Minister Modi on Sunday, it is aimed at digitising all rural properties by 2024

Magicbricks sees 30-40% rise in online searches from pre-Covid level

Realty portal Magicbricks on Friday said the property searches on its platform has increased 30-40 per cent from the pre-COVID levels

LIC Housing Finance biz back to pre-Covid levels: MD Siddhartha Mohanty

The business done by the company in September is not only better than the previous year but also the best for the company in the same period, he said.

Home sales recover in Sept qtr; still a long road to recovery: Knight Frank

Developers' cash flows remain under pressure despite the extension on loan moratoriums.

Bengaluru to Delhi: Demand for premium homes drives residential sales in Q2

In Mumbai, reduced stamp duty and low interest rates get customers interested in property

Sunteck Realty second quarter sales bookings up 96% at Rs 200 crore

Sunteck Realty Ltd reported 96% increase in its sales bookings at Rs 200 crore for the quarter ended September on better demand for its properties despite the Covid-19 pandemic

Sobha leaps 14% as Q2 sales volume jumps 37% QoQ; stk up 77% so far in FY21

Price realization of Rs 7,737/square feet achieved during Q2FY21 is the highest price realization achieved by the company as compared to past 5 quarters

Fuelled by demand in southern markets, office leasing rises 64% in Q3CY20

On a yearly basis, the absorption of space has fallen 50 per cent from 10 million sq ft in Q3CY19 to 5.4 million sq ft in Q3CY20

SP's platform Joyville to invest Rs 1,200 cr on new housing project in Pune

Business conglomerate Shapoorji Pallonji's mid-income housing platform Joyville will invest around Rs 1,200 crore to develop a new residential project in Pune, a top company official said

Singapore's Mapletree Investments buys land in Mumbai for Rs 525 crore

The Kanakia group, from which Mapletree did the purchase, had bought the plot from India Tube Mills and Metal (ITM) Industries for Rs 363 crore in 2018

Builder can't sell flat until case is resolved

A builder in Punjab delayed issuing the allotment letter but was quick to cancel the booking after issuing the demand letter

Brookfield REIT issue may spur investment, demand in commercial real estate

Brookfield's proposal to launch REIT public issue for raising over Rs 4,000 crore augurs well for the future of India's office market, according to realty experts.

From tax collection to car sales, India's economic recovery picks up pace

GST mop-up at 7-month high, manufacturing PMI at 8-year high, but new projects down 81% in Q2

Even as economy reopens, new projects continue decline; down 82% YoY in Sep

Value of new projects in September lower than in June which saw the worst of lockdown

Housing sales rebound to 65% of pre-Covid, new launches at 79% of Q4FY20

Affordable and mid-segment housing units priced up to Rs 80 lakh formed 72% of total new supplies

Uptick in demand to buy, rent homes in smaller cities post Covid-19: Report

The demand for residential properties for buying and renting is rising in tier-2 and -3 cities after the outbreak of Covid, driven by reverse migration of large number of workforce to smaller towns