Page 2 - Real Estate Developers

Godrej Properties, Prestige Estates eye Rs 10K-cr sales booking club

Godrej and Prestige posted sales bookings of Rs 6,725 crore and Rs 5,461 crore, respectively, in 2020-21 (FY21)

Puravankara eyes bigger share from commercial properties in 4-5 years

It is looking to develop commercial properties in Bengaluru, Hyderabad, Chennai and Mumbai and Pune, is aiming at 8.5 mn sq ft in next 3-4 years

629,000 homes valued at Rs 5 trn delayed or stalled in top-7 cities: Report

These projects were launched in 2014 or earlier. Nearly 28% (about 173,730) of these units are completely stalled, the report said

Mumbai mega makeover has big opportunities for both realtors and residents

Real estate companies say that if planned properly, the eastern corridor can rejuvenate Mumbai

NAREDCO demands one-time loan restructuring, funds for stalled projects

Realtors' body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis

Covid-19 pandemic forces real estate developers to rethink house design

Touch-free elevators, co-working spaces the in thing

'Macrotech to invest Rs 2,800 cr in FY22 on construction of realty units'

Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects

Developers likely to face tough time in office leasing, says study

About 90 million square feet of lease renewals coming up this year, says a report by Anarock

Unsold housing stock dips 2% in Jan-Mar at 7.05 lakh units

Unsold housing inventories in primary markets across eight major cities fell marginally by 2 per cent at 7.05 lakh units during January-March as compared to the previous quarter

Real estate has a healthy demand outlook, but some hiccups remain

The second wave may affect Q1, but there is a strong expectation that FY22 demand will perhaps equal or surpass FY20 levels

RMZ and CPP join hands for commercial real estate development in India

RMZ Corp, one of Asia's largest privately-owned real estate owners & developers and Canada Pension Plan Investment Board ("CPP Investments") announced today that they have entered into a joint venture to develop and hold commercial office space in Chennai and Hyderabad.CPP Investments will invest Rs 15,000,000,000 (USD 210 million), which will allow for the expected development of 10.4 million square feet of high-quality commercial office sites."RMZ is widely recognized as one of the most innovative and prolific developers in Asia, dedicated to working to the highest standards across all aspects of the real estate equation. The partnership with CPP Investments, a globally respected institutional investor, will only strengthen our vision of achieving our hyper-growth strategy target of RMZ 2.0," said Manoj Menda, Corporate Chairman, RMZ Corp. "The value of the partnership assets, once developed, is estimated to be over USD 1.5 billion"."RMZ is amongst the only zero-debt real ...

Sales to sustain despite stamp duty reversal, say Mumbai realtors

Growth in the value of properties registered was 1.4 times the number between September 2019 and March last year.

Real estate fund managers float schemes for construction finance

Construction from AIFs will be at a higher rate than banks and NBFCs, which are currently not putting in money

Top listed developers sitting pretty after record bookings in Dec quarter

Experts expect further market share gains; cash flows and collections likely to improve

Godrej Properties to Sobha, realty firms line up launches in March quarter

Godrej Properties, part of Godrej Group, has lined up 12 launches in Mumbai, the National Capital Region, and Bengaluru

From Prestige to Sobha, listed realty firms post best-ever quarterly sales

During the quarter, Prestige racked up sales of Rs 2,026 crore, up 80 per cent quarter-on-quarter and 55 per cent year-on-year

Real estate players rejoice as Delhi govt cuts circle rates by 20%

Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government's move.

Real estate players rejoice as Delhi govt cuts circle rates by 20%

Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government's move.

Realty sector seeks GST waiver, personal tax relief in Union Budget 2021

The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said

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