At 09:53 am; the Nifty Realty index was up 2.8%, as compared to 0.51% rise in Nifty 50.
Only 13 states and union territories have so far notified rules
India continues to hold its position as the world's fastest growing G-20 economy, says report
Total sales increased from 43,500 units in Q3 to 51,700 units in Q4 in FY17
Developers who have not given possession of houses fear action if law is enacted retrospectively
Malleswaram has witnessed rapid real estate development
Real estate investors are shifting to pre-leased commercial assets from residential properties
In 2010, real estate companies fell 26% and in subsequent year, they fell another 52%
Real estate stocks are seeing increasing investor interest after the Budget announcements on affordable housing. The Nifty Realty index gained the most in the past three months and one month, with returns of 30.21 per cent and 9.18 per cent, respectively. Infrastructure status means that those constructing projects in the segment would be able to raise loans at a cheaper rate, akin to other infra projects. A lower cost of funds could translate into lower cost for houses.Stock market analysts, however, say that investors should stay away from the sector. "We feel that the industry is headed for a big crisis in the next 18-20 months. Sales are at their lowest in the past many years. Inventory levels are high. The prices are unaffordable for buyers. There's a slowdown in the industrial sector and employees in many industries are staring at job losses," say G Chokkalingam, founder and managing director at Equinomics Research & Advisory. He points out that inventory levels at present ..
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It said negative cash flow would lead to further rise in the debt levels
If you are looking to buy property within a budget of Rs 1.5 cr-2 cr, rates may interest you
Sobha, Sunteck Realty, Oberoi Realty, Dilip Buildcon and Delta Corp were up more than 5% each.
Group has lined up investment of Rs 128 cr for 84-metre tall structures of 27 floors
Rising risks due to stagnant prices, high inventory levels and low rental yields can hurt their interest
Mumbai saw the highest share of inflow at 32% of the total private equity investments
In absolute terms, sales shrank from 54,721 units in September quarter to 43,512 units
If you are looking at buying real estate, an idea about prevailing rates would come in handy
Godrej Properties, Unitech, Oberoi Realty, DLF, Prestige Estates and HDIL were up between 2% and 7% on NSE.
DLF, HDIL, Indiabulls Real Estate, Ansal Properties, NBCC, DB Realty and Kolte Patil were up between 2% to 5%.