Page 60 - Real Estate

Residential unit sales at 10-yr low in H1; office vacancy rate at 4-yr high

As India adopted the work from home (WFH) culture over the past few months, office vacancy levels across metros saw an uptick

YES Bank FPO: Don't judge it on the basis of price discount alone

NPA-adjusted valuations are not attractive; asset quality is a concern

NBFCs, HFCs offload risky realty loans to special situation funds

Experts say though the moratorium on loan repayment is available to developers till August, many are expected to struggle in repaying lenders subsequently

Covid-19 impact: Housing sales down 67% in April-June, says PropEquity

The supply of new units also dropped by 81% during the period to 11,967.

Covid impact: Home sales drop 66% across nine key cities in June quarter

The supply of new housing units also decreased by 81% during the period to 11,967 units from 63,535 units in Q1 2020, as developers hardly launched any projects, with sales coming to a standstill

NBFCs, HFCs shed risky real estate loans to remain asset light

Though moratorium on loan repayment is available for developers till August this year, developers could struggle to repay money to lenders, say experts

Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1

Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak

Covid-19 lockdown impact: Net leasing of office space down 73% in Apr-Jun

Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the COVID-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the year ago period as corporates and coworking players deferred their expansion plans, the property consultant said. During the first half of 2020, the net office space leasing declined 57 per cent to 110.75 lakh sq ft from 255.48 lakh sq ft in the corresponding period of last calendar year. "The net absorption in the second quarter 2020 stands at 3.72 million sq ft, which is lower by 49.5 per cent on a quarterly basis and 73.4 per cent lower on a yearly basis as fresh transaction activity was muted during the quarter," C&W said in a statement. Also, cities like Delhi NCR and Bengaluru saw negative absorption which also pushed the overall net absorption downwards, it ...

Zara founder Amancio Ortega unveils $17.2 billion global real estate empire

Ortega, Spain's richest man, has diversified his fashion fortune to preserve his sizable wealth, investing more than $3 billion in US real estate in recent years.

India JLL's Global Realty Transparency Index improves by one, ranked 34th

India was ranked 35th in the index during 2018 bi-annual survey, while the country was at 36th position in 2016 and 39th in 2014

Mumbai realty: Developers struggle for funds, prices crash, buyers wait

Faced with no movement in sales in the past three-odd months due to lockdown and Covid-19-related issues, property developers are resorting to price cuts

UP offers Covid-19 relief to home buyers, developers in Noida region

Extends projects deadline to December 2021, benefiting 100,000-plus buyers

Mumbai prices crash as developers struggle for funds, buyers wait and watch

While there has been a markdown of as much as 20-25% in some areas, buyers aren't committing their money on hopes of a further correction

A sustained bull market?

For many stocks to go up at the same time, the most important parts of the economy - construction, auto, finance, basic materials, consumer products - have to enjoy tailwinds

More homebuyers want budget-friendly apartments due to Covid-19: Realtors

The younger generation was moving towards urban locations and giving up the 'paying guest' concept of sharing living space with others

Hines ties up with Bengaluru-based DNR group to build 1 mn sq ft complex

Hines, in a statement, said it has entered into Bengaluru office development through a tie-up with DNR Group, a leading local developer

Struggling realtors resort to layoffs, pay cuts as Covid-19 hits sales

According to industry estimates, the realty sector employs 6-7 million people, including 300,000 white-collar employees

Realty cos must pay GST on shortfall in input procurement by June 30: Govt

Any shortfall in the procurement would be subject to GST to be paid by real estate developers at the rate of 18% on supplies used as inputs or input services and 28% for cement

Housing sales may dip 81%, new launches expected to fall 98%, says report

New launches may plunge by 98% to only 1,390 units as against nearly 69,000 units in the corresponding period of 2019

Commercial realty will see lower rents, emergence of new tenants this year

There are reports of large tech firms looking at downsizing office space