Page 3 - Residential Property Market

Residential real estate bounces back after third quarter of CY2020

On a yearly basis , Mumbai, Thane and Pune saw more or less the same number of launches in CY2020

Robust launches to sustain growth momentum for Oberoi Realty in near term

The company registered record Q3 sales bookings

Average apartment sizes in top 7 cities grew 10% in 2020, says study

"A fairly sudden change in consumer preferences against the backdrop of Covid-19 exigencies in 2020 first halted, then reversed the 'honey, I shrunk the flat' effect," the report said

Strike a deal quickly as home prices likely to head north in 2021

A recent report from Jefferies says a new cycle could begin this year as both end users and investors reenter the market

Wealthy investors rework portfolios amid sharp run-up in equities

Shift portion of investments towards real estate, credit funds

Jefferies expects home prices to surge by over 10% in next two years

Leading realtors say it's difficult to judge the trend

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

Residential property registration jumps 2-fold in Dec in Mumbai: Report

The registration of residential properties in Mumbai jumped over two-folds this month at 18,854 units compared with November on account of reduction in stamp duty by the Maharashtra government, according to Knight Frank India. In November, total registration stood at 9,301 units. The registration in December 2019 stood at 6,433 units, the consultant said. "Mumbai recorded a historic surge in home sales registrations in the month of December 2020. Total sales registered till December 30, 2020 for the month of December is recorded at 18,854 units," Knight Frank said in a statement. Shishir Baijal, Chairman & Managing Director, Knight Frank India said, "The reduction in stamp duty has led to a significant surge in sales of homes in Maharashtra, particularly in Mumbai, comforting the long -beleaguered real estate sector of this region." A combination of the lowest home loan rates, reduced prices along with rebates and offers made by developers, as well as increased household saving ...

Rent trends will largely mirror the demand curve: Niranjan Hiranandani

In a Q&A, the chairman of Hiranandani Communities explains that the pandemic has prompted the millennial to move from being a renter of residential property to an owner

Pent up demand for residential properties to drive sales for few more qtrs

Both developers and fund managers believe that residential has rebounded better than commercial properties

Acquisitions, launch pipeline offer Godrej Properties revenue visibility

Muted near term cash flows, increase in debt and valuations to cap upside

After NCR, DLF to delve into Mumbai, Chennai residential-property markets

The developer started concentrating on Delhi-NCR after selling some of its land parcels in cities such as Mumbai in 2012 to reduce debt.

DLF sells 88 independent floors for Rs 300 cr, plans more such projects

Realty majorDLF Ltd has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New Gurugram and Panchkula among others. "Recently we launched 88 residences in form of premium independent floors (at a price point of Rs 3.75 - 4.25 crores each), spread across 22 plots, in the DLF City Phase 3...in Gurugram. These were sold out in a record time," said Aakash Ohri, Sr Executive Director Sales & Director, DLF. The company plans to launch similar products in Panchkula, Tri-city, New Gurgaon and wherever there is an opportunity in DLF phase 1 to 4, he told PTI. "With an improved attractiveness for real estate as a preferred asset class, against other traditional alternatives, home buyers are looking at safeguarding their accumulated savings by investing in a more long-term asset," ..

Stimulus 3.0: Construction, infra firms on concrete road to recovery

Recent policy measures on liquidity add to improving outlook led by better execution, good order flows, and low interest rates

Planning to buy a house? Do it within 7 months to gain from FM's largesse

Low property prices, cheap loan rates, and tax relief make this a good time to strike a deal

Mumbai, Pune see residential property sales pick-up following lockdown

The highest traction in sales was observed in properties priced between Rs 50 lakh and Rs 1 crore in Mumbai

Registration of residential properties in Mumbai up 36% in Oct : Report

The registration of residential properties in MMR during October rose 36% year-on-year at 7,929 units on higher demand during festive season and reduction in stamp duty, according to Knight Frank

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

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

Disruptions following the pandemic impacted its top line too

Property developers give up profit margins for sales volume: Analysts

Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market