Real Estate

Arvind SmartSpaces eyes nearly 50% real estate sales on digital platform

Industry average among organised real estate currently at 30%

Institutional investments in real estate doubled to $1.1 bn in Jan-Mar

Office, retail, and industrial & logistics segments contributed 95% of the total institutional investment in the real estate sector during January-March period

Analysts bullish on real estate sector amid increased capex, healthy demand

Going forward, the ability of developers to show growth on a high base of FY22 sales, and management of a weak macroeconomic environment along with rising interest rates would be the key monitorables

L&T Finance to divest real estate, infrastructure books to reduce leverage

The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year

PE inflows in real estate down 62% at $1.18 billion in March quarter

As per data, PE investments in office segment fell to $732 mn during January-March period from $2,148 mn in the year-ago period, while the inflows in residential segment fell to $73 mn from $234 mn

Free products and services win customers, paid ones help sellers monetise

Try to save cost on mode of investing, but it is usually not wise to scrimp on the cost of advice

Actis acquires Hyderabad-based Rx Propellant for an undisclosed amount

Global investor Actis has acquired Hyderabad-based Rx Propellant, which provides real estate solutions to tenants in life sciences and related sectors.

LIC Housing Finance plans to expand project loan business in FY23

With this, "the company will take the share of project finance from 5 per cent to 10 per cent in incremental business in the current year", said Y Viswanatha Gowd, MD and CEO, LIC Housing Finance.

Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr

Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development

Odds in favour of more near-term correction in Indian stocks: Chris Wood

Chris Wood believes the best way to play Indian markets is the upswing in the Indian property/real estate sector despite the rate hikes by the Reserve Bank of India (RBI)

Dynamix Group to launch three new property projects in Mumbai this year

The Mumbai-based developer earned Rs 330 crore in top line in FY21, but the same rose more than three-fold to Rs 760 crore in FY22

Gujarat High Court offers GST relief to homebuyers of certain properties

Currently, 18% GST is levied on construction services in real estate. However, one-third abatement is given for land, due to which effective value of taxation comes to 12%

Real estate, auto companies to bear the brunt of interest rate hikes

Niranjan Hiranandani, managing director of Hiranandani Group, said the RBI had to ensure that inflationary pressure on the individual did not get exacerbated by higher rates on home loans

TMS Ep163: Indian unicorns, real estate recovery, US Fed Policy, spam bot

How sustainable are Indian unicorns? Will a rise in input cost and interest rates hit real estate recovery? What are the markets expecting from US Fed Policy? What is a spam bot? All answers here

Will a rise in input cost and interest rates hit real estate recovery?

Soaring input costs have been chipping away the profit margin of the real estate sector. Now with the rise in interest rate, homes will get costlier. Will these put brakes on the sector's recovery?

CS REALTY announces their next project launch after the success of Flamingo67

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Macrotech in talks with investors for industrial park funding platform

Macrotech Developers, one of the leading real estate developers in the country, got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO).

Top Headlines: India to overcome Covid losses by FY35, Trai's 5G proposals

Business Standard brings you the top headlines at this hour

Sales of Mumbai house priced above Rs 10 cr double to Rs 20,255 cr: Report

Sales of luxury homes priced over Rs 10 crore in Mumbai jumped more than two-fold during 2021 at Rs 20,255 crore, on the back of low interest rates on home loans and increased demand for bigger flats.

RBI new ban likely to push up approval cost for property developers

The issue could be more worrisome for developers in Mumbai because premium payment and TDR appertain more to the city, experts said.