Page 7 - Realty

174,000 flats completely stalled in 7 cities; NCR's share at 66%: Report

Nearly 1.74 lakh homes, worth around Rs 1.4 lakh crore, are completely stalled across seven major cities with Delhi-NCR accounting for maximum 66 per cent, according to property consultant Anarock. In its research, Anarock has taken into account only those housing projects that were launched in 2014 or before. Including both stalled and delayed units, the consultant said the total number reached to 6,28,630 homes worth Rs 5,05,415 crore across seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata. Given the huge funding crunch in the construction industry, Anarock said the outlook for people who bought units in completely stalled projects is "disastrous", while the prospects for buyers in heavily delayed projects are "bleak at best". Prashant Thakur, director and head (research) at Anarock, said: "As of H1 2021-end, we have nearly 6.29 lakh units that are yet to be completed across the top-seven cities." Anarock said the overa

Mumbai mega makeover has big opportunities for both realtors and residents

Real estate companies say that if planned properly, the eastern corridor can rejuvenate Mumbai

Real estate industry to grow five-fold to $1 trn by 2030: Housing Secy

Durga Shanker Mishra says that in line with PM's vision of 'Housing for All by 2022', some 11.2 mn houses have been sanctioned and 5 mn have already been allotted

Institutional investment in realty to grow 4% to Rs 36,500 cr: Report

Institutional investment in real estate is likely to rise by 4 per cent to $5 billion (Rs 36,500 crore) during this calendar year with investors looking to snap up properties at attractive valuations

Home sales rise 67% in H1 2021 on the back of growth in Mumbai, Pune mkts

The top 8 cities saw total sales of 99,416 residential units in H1 2021

UP RERA holds meeting to review progress of 76 realty projects in NCR

The UP RERA held review meetings of 76 projects from the national capital region (NCR) with their promoters between July 5 and July 9, officials said on Friday.

Realty investment highest in five years for June quarter, shows data

Investments in the June quarter got a boost with the Embassy industrial parks attracting 53 per cent of the total amount

Macrotech Developers Q1 sales bookings surge 88% to Rs 957 cr despite Covid

Realty firm Macrotech Developers on Thursday reported an 88 per cent rise in its sales bookings at Rs 957 crore for the quarter ended June on strong demand despite the second wave of Covid pandemic

Boost for realty as West Bengal proposes rebate on stamp duty in budget

2% rate cut proposed, along with 10% deduction in circle rate, which sets the value at which a property is registered

Housing sales dips 23% in Apr-Jun over previous quarter; up 83 % annually

Housing sales declined 23% in April-June across seven cities compared with the previous quarter due to the second wave of the Covid pandemic, but witnessed an 83% rise on an annual basis

Covid-19 pandemic forces real estate developers to rethink house design

Touch-free elevators, co-working spaces the in thing

For realty developers, confidence builds on pent-up housing demand

Low interest rates, tax sops may encourage buyers

Most big mall developers may waive rent for recent Covid-19 lockdown

DLF, the country's largest listed developer, has also taken a similar stand.

That dream house: Real estate has some opportunity waiting to be tapped

If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, writes T N Ninan

FIIs turn sellers after 6 months but bet big on these 2 sectors in April

The two sectors which continue to see highest net inflow consecutively for the two months are - FMCG and Realty, a report by Edelweiss Securities said

Sunteck Realty's sales bookings drop 16% in FY21 amid Covid-19 crisis

Sunteck Realty Ltd on Wednesday reported 16 per cent decline in its sales bookings during the last fiscal year

PE investment in realty jumps 16-fold in Jan-Mar at $3.2 bn: Report

Private equity investment in real estate jumped over 16-fold in January-March 2021 to USD 3.24 billion as several deals spilled over from last year, according to Knight Frank. The property consultant, in its report 'Investments in Real Estate - Trends in PE Investments - Q1 2021', said Indian real estate attracted private equity (debt and equity) investments of USD 3,241 million across 19 deals in Q1 2021. The investment stood at mere USD 199 million in Q1 of 2020 calendar year. "The strong momentum in Q1 2021 was predominantly driven by two major factors: a spill over of certain deals from 2020 and the rise in investor confidence due to the drop in COVID-19 infections during early parts of Q1 2021," it said. Explaining the investment trend in the real estate industry, Shishir Baijal, chairman and managing director of Knight Frank India, said office assets continue to be the preferred segment attracting over 70 per cent of PE investments in Q1 2021. "While Q1 2021 has been an ...

Analysts turn cautious on real estate stocks amid rising Covid cases

Going ahead, analysts at ICICI Securities expect consolidation across the industry with market share gains for larger incumbents across real estate asset classes

Realty, insurance corner bulk of FPI flows at $500 mn each in March

Banks, IT see outflows amid valuation concerns

A Rs 1,001 cr house for Mr Damani and other marquee realty buys in Mumbai

DMart promoter Radhakishan Damani has reasons besides snob value for buying plush Malabar Hill property, say experts