Page 8 - Realty

Harbinger of Sweeping Reforms in the Realty Domain: Lion Dr Kiron

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Housing sales in 7 cities surge 29%, highest reported in Hyderabad: Anarock

Unsold inventory in the top 7 cities saw a nominal yearly decline - from 644,000 units towards Q1 2020-end to approx

Fractional ownership is for deep-pocketed investors, say analysts

Most retail investors will be better off opting for a REIT

Generic Engineering Construction bags construction orders worth Rs 81 cr

The company has been awarded with new work orders worth Rs 80.80 crore (including GST) for various institutional projects from new reputed clients

Realty firm DLF plans to raise up to Rs 395 cr via issue of debentures

In a regulatory filing, the company informed that the proposal will be discussed on March 3 at a meeting of the finance committee of the board of directors

448 infrastructure projects show cost overruns worth Rs 4.02 trillion

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above

Realty firm Godrej Properties' Q3 profit dips 69% to Rs 14.35 crore

During April-December period of the 2020-21 financial year, Godrej Properties clocked a net profit of Rs 2.19 crore, registering a sharp drop from Rs 168.13 crore in the year-ago period

Chennai residential sales up by 59 per cent to 2,500 units in Dec quarter

According to JLL, sales were concentrated in the southern suburbs submarket which accounted for 60 per cent of total the sales in the quarter

Maharashtra move to cut construction premiums to lower project costs by 17%

However, developers peg the benefit at 6 to 7 per cent after passing on stamp duty costs to buyers

Sale of over Rs 50L homes account for 57% of total home sales in H2 2020

During 2020, while unsold inventory levels improved, sluggish sales velocity in the middle of 2020 saw quarters taken to sell rise to an average of 10.1 quarters

Satyaa Homes, Ambuja Neotia group to develop a 72-acre Kolkata township

The township, which will encompass plotted developments, villas, villaments and apartments, will be completed within five years.

PE inflows to realty sector seen growing 30% to $6 bn in 2021: Report

The next wave of investments will be driven by warehousing, affordable housing and data centres apart from commercial office which will continue to see steady improvement, says the report

Realty sales at pre-Covid levels on the back of stamp duty cut: Crisil

More business shifts to key developers amid pandemic chaos

DLF: Investors should await total biz recovery before considering stock

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

DLF net profit declines 49% to Rs 227.8 cr in Q2, revenue falls 6%

Disruptions following the pandemic impacted its top line too

Homebuyers in SC to frame model pacts to protect realty customers

A plea has been filed in the Supreme Court seeking direction to the Centre to frame model pacts for builder and agent buyers to protect customers and bring in transparency in the realty sector in tune with the Real Estate Regulatory Authority (RERA) Act 2016. The plea filed by 62 home buyers has also sought a direction to all the states to enforce ''Model Builder Buyer Agreement'' and ''Model Agent Buyer Agreement'' and to take steps to avoid mental, physical and financial injury to customers. The plea has made Ministry of Housing and Urban Affairs, DLF Southern Homes Pvt. Ltd.(Begur Omr Home Pvt Ltd) and Annabel Builders & Developers Pvt. Ltd as parties in the case. "Promoters, Builders and Agents use manifestly arbitrary one-sided agreements that do not place customers at an equal platform with them, which offends Articles 14, 15, 21 of Constitution. There have been many cases of deliberate inordinate delays in handing over possession and customers lodge complaints but police ...

Edelweiss raises Rs 6,600 cr AIF, plans to raise $1 bn fund for realty

The arm is looking to raise an alternative investment fund (AIF) of over USD 1 billion next year to invest in realty assets.

Gaurs Group clocks Rs 400 cr sales booking in Q2; small drop from last year

Realty firm Gaurs Group on Saturday reported a marginal 5 per cent fall in sales booking at Rs 401 crore during July-September, despite demand slowdown in the housing market due to Covid-19

Housing supply down nearly 60% in Jan-Sept across top 7 cities: Report

New supply of residential properties fell nearly 60 per cent in January-September this year as low demand due to Covid-19 forced developers to go slow on launching new projects, according to Anarock

Top realtors see green shoots as conversion rates rise by up to 25%

Buyers aged between 30-35 years currently living on rent have the highest purchase inclination, says report