Page 2 - Housing Sector

Q4 of FY21 sees recovery in housing prices as pandemic tapers: CARE Ratings

All India Housing Price Index rose 2.7% YoY in Q4FY21. Going forward, movement in HPI would be influenced by demand-side factors as well as inventory levels

Blackstone makes further push into US suburban housing with $6-bn deal

The firm agreed to buy single-family rental company Home Partners of America Inc

LIC Housing Finance net profit down by 5% to Rs 398.92 cr in fourth quarter

This was due to higher provisioning for bad loans.

Real estate sector to cross $1 trillion by 2030: Housing Secretary

The government has taken various measures in the Budget of last seven years to spur growth in the real estate sector, he added.

Covid crisis, rollback of stamp duty cut impact Mumbai home sales

The second wave of Covid-19 and the rollback of the stamp duty cut in Maharashtra impacted the housing sales in April, showed a report by Knight Frank India

Housing sales increase by 20% in January-March: 99acres.com report

The Indian realty landscape with conducive government policies and multiple incentives registered 20 per cent hike year-on-year sales in January to March: report

Strong govt support behind India's residential construction sector: Fitch

Driven by sustained demand for housing and supportive government policy, residential building will see a strong rebound in 2021 and robust growth over the coming decade, according to Fitch Solutions

DLF, Sobha: A good time to buy real estate and related stocks, say analysts

Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing

Revival in realty, industrial segment to support Supreme Industries' stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

India's urban housing shortage rises 54% to 29 mn in 2018: Report

This is based on the number of physically inadequately housed households, according to a research paper

Acquisitions, launch pipeline offer Godrej Properties revenue visibility

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

Godrej Properties buys 18-acre land in Bengaluru to build housing project

Realty firm Godrej Properties has bought an 18-acre land parcel in Bengaluru to develop a housing project, as part of its expansion plan

Mahindra Lifespace to launch 4 housing projects by March as demand picks

Mahindra Lifespace Developers Ltd will launch four new housing projects, comprising over 900 units, in Mumbai, Pune and Chennai by March next year as part of its expansion plan for future growth

Eldeco Housing and Industries Q2 net profit up 96% at Rs 16 crore

Eldeco Housing and Industries Ltd on Friday reported a 96 per cent increase in its net profit at Rs 15.78 crore for the quarter ended September.

SP's platform Joyville to invest Rs 1,200 cr on new housing project in Pune

Business conglomerate Shapoorji Pallonji's mid-income housing platform Joyville will invest around Rs 1,200 crore to develop a new residential project in Pune, a top company official said

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

India will need to find jobs for additional 90 mn, says McKinsey report

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

After a weak April, cement demand to fall by 10-12 per cent in FY21

Experts say that the cement demand during the first quarter of the financial year is typically led by housing (60-65 per cent), followed by infrastructure segment (20-25 per cent).

Housing sales fall 26% in Jan-March, new supply dips 51%: Report

New launches too fell by more than a half to 35,668 units from 72,932 flats during the period under review