Page 58 - Real Estate

Covid-19 pandemic pushes up average retail order size by over 50%

Retail realty sector that was seeing a steady fall in inventory is again staring at a spike in vacancy rate, a report by Anarock & Retailers Association of India shows

Chinese investors snap up Hong Kong property as new law deters foreigners

In August alone, mainland buyers snapped up at least two office towers and one hotel building worth 386.74 million pounds in total

Maharashtra stamp duty cut will do little in boosting demand: Ind-Ra

Ind-Ra said the residential real estate's volume and price growth are closely integrated with the GDP growth rate

Maharashtra govt's stamp duty cut to do little in boosting demand: Ind-Ra

It also noted that the two key residential real estate markets of Maharashtra Mumbai and Pune may react differently to this measure, given the structural difference between these two markets

Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts

After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bangalore) and Haryana (Gurgaon)

Maharashtra stamp duty cut may spur sales of smaller apartments: Realtors

"There is pent-up demand. I feel demand for smaller apartments will rise as people want to buy new homes," said Deepak Parekh, chairman of HDFC

Stamp duty cut will uniformly impact all housing segments, say realtors

Nitin Gupta, managing director at Macquarie Capital said the demand will come back for low and mid income housing and not necessarily premium housing.

Sunteck Realty zooms 19%, HDFC up 3% as Maharashtra govt cuts stamp duty

The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities

Maharashtra govt cuts stamp duty, other levies for realty transactions

Realtors cheered the announcement and said it would boost the demand for residential apartments and sales

India will need to find jobs for additional 90 mn, says McKinsey report

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

Paying six per cent interest on flat cost for delay a huge burden: Realtors

While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers

Construction resumes after 12,000 get 1st installment in J-K's Rajouri

Under Pradhan Mantri Awas Yojana (PMAY) scheme, as many as 12,000 people have received the first installment of Rs 50,000 each in Rajouri district for the construction of their houses."We have set a target of 100 per cent coverage. To begin with, the first installment has been given to 12,000 people of the district," said Sushil Kumar Khajuria, Assistant Commissioner Development of Rural Development department, Rajouri."The PMAY initiative is supporting people here to build their own houses with the help of Jammu and Kashmir administration. It is a big relief for poor as they can live safely in Pukka houses," Khajuria said.Earlier, there were some people in the district who could not build the pucca house of their own, Panchayat officer Abdul Khabbir said adding, "The orders issued by the Centre has given a push to the development here.""Currently, the construction of 15 houses is underway. We are hoping to convert all the Kaccha houses into the Pucca ones in the next two years," ...

Phoenix Mills up 6% on Rs 1,100 cr QIP; Govt of Singapore picks 4.3% stake

Phoenix Mills said it intends to use the net proceeds towards funding growth opportunities including investing in existing and proposed business ventures, acquisitions, & debt service obligation

London mansion fit for an Indian Prince goes on sale for GBP 15.5mn

A sprawling mansion in the heart of London which was the former family home of Maharaja Duleep Singh's son, Prince Victor Albert Jay Duleep Singh, has gone on sale with a price tag of GBP 15.5 mn.

Embassy to merge assets with IBREL, create one of India's largest realtors

The proposed merger will be achieved through a cashless scheme of amalgamation

Embassy Group to merge assets into IBREL to create India's largest realtor

Embassy Group already has around 14 per cent stake in Mumbai-based IBREL and the same will increase to 45 per cent after the merger of assets of these two companies

Gujarat govt approves construction of high-rises of over 70 floors

Gujarat Chief Minister Vijay Rupani has approved construction of buildings of 70 floors or more in five major cities of the state

Loss of urban salaried jobs likely to have debilitating impact on economy

While informal jobs have returned, and even increased after being hit by the lockdown, formal jobs have not

Residential property launches back on track as consumer sentiment improves

Pent-up demand, cheaper home loans, availability of completed units and WFH seen pushing up demand

Puravankara to invest Rs 1,500 cr in warehousing on e-commerce surge

It has tied up with Morgan Stanley as a JV partner for the warehousing business and will be concentrating on Bengaluru followed by Mumbai, Hyderabad, Chennai and Pune