Page 2 - Residential Units

Sales of sub-Rs 50 lakh homes hit in 2021 as Covid bites: Knight Frank

During the early part of this year, sales volumes were greatly influenced by two markets - Mumbai and Pune that together constituted over 45 per cent of the total sales amongst key markets

Iconic CST project may fetch winning bidder Rs 10K cr in home sales

Developers can earn around Rs 800 crore a year in rent if they go for a combination of retail and office projects, experts said

Covid-19 pandemic: Sales of large apartments rise as WFH continues

Of the total sales of 58,300 units in top seven cities in Q12021, sales of homes priced over Rs 1.5 cr comprised 9% share

Listed property developers expect better days after first quarter

In FY21, home sales picked up after Q1 because states such as Maharashtra announced stamp duty cuts and banks offered special interest rates

Delivery of 420k residential units may be delayed: Anarock report

Seventy-two per cent of the homes to be delivered by year-end have already been sold

MyGate starts omni commerce business with over 80 brands across categories

Plans to empanel over 200 brands by March, test group buying for communities and a resident-to-resident marketplace over coming two quarters

Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices

Jain Housing raises Rs 175 crore from Apollo Global and Nippon Life

The company, which has been in constructing residential apartments and complexes for over 33 years, will use the proceeds to reduce its debts

Possession for north India's tallest residential tower in 2021: Supertech

Spread over 7 million square feet, the project is located in Noida's Sector 94 and is being constructed by Abu Dhabi-based Arabian Construction Company (ACC) for Supertech

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

Godrej Properties buys land in Bengaluru for 1.6 mn sq ft housing project

Acquires 15 acres for undisclosed sum in Sarjapur, a preferred locations with good connectivity to Outer Ring Road and several other key hubs of the city

Worst behind us; India's GDP growth to turn positive in Q4: Deepak Parekh

Parekh, the non-executive chairman of mortgage lender HDFC, said residential housing sales for this quarter have gone up by 34 per cent as people are buying ready-to-move-in apartments

Bengaluru to Delhi: Demand for premium homes drives residential sales in Q2

In Mumbai, reduced stamp duty and low interest rates get customers interested in property

Home sales up 34% QoQ in third quarter of calendar 2020, velocity down: JLL

The expected time to liquidate stock has increased from 3.6 years in Q2 of 2020 to four years in Q3, says a report by JLL Research

MyGate to hire 300 people, aims to expand services by January 2020

"We are looking at hiring 300 people, and of that 100 or so offers have gone out and we are looking at 200 more across the organisation by early January," he added

Top headlines: Sale of residential units at 10-yr low, SGBs reach new high

Here are the top headlines of the day

Realty gets a boost in Chhattisgarh, developer to get approval in 100 days

The state government has launched a 'Single Window System CG Aawas' to facilitate the initiative

Delhi among fastest growing luxury residential markets, says Knight Frank

A recent report by ANAROCK suggests as many as 16,100 new units have been launched in the luxury segment priced over Rs 1.5 crore across the top seven cities in India in the first half of CY19

Mumbai's Tardeo most expensive luxury residential location in India: Report

Tardeo in Mumbai has emerged as the costliest location, followed by Worli and Mahalakshmi, which command a price of Rs 41,500 and Rs 40,000 per sq. ft. respectively.

New residential launches declined 35% in 2017: Report

Hyderabad saw a y-o-y decline of over 50 per cent in the launch of residential units, mostly due to an already large inventory overhang