Page 10 - Real Estate

Amid Evergrande crisis, more Chinese property developers to issue ABA

The regulators said any fallout was controllable, and that developers' normal funding needs would be met, but the sector is facing another year of tight funding

China: Kaisa fails to get bondholders nod to extend maturity, risks default

Kaisa now faces the possibility of defaulting on its 6.5% offshore bonds due Dec. 7

China property market to keep cooling into H1 2022 on tight curbs: Survey

The property sector, a key driver of growth in the world's second-largest economy, has slowed sharply in recent months

Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

China's property woes worsen as home prices slip in November survey

China's property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a survey showed

Sebi to auction realty firm's properties to recover investors money

Capital markets regulator Sebi on Tuesday said it will auction four properties of Ravi Kiran Realty India Ltd and its promoters on December 16 to recover investors' money. These properties located in West Bengal will be auctioned at a reserve price totalling Rs 3.22 crore, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids for the sale of these properties, Sebi said the auction will be conducted through online mode. The regulator has asked the intending bidders to make their own independent enquiries regarding the measurement, nature, type, classifications, encumbrances, litigations, attachments and liabilities of the properties put on auction. In October 2020, Sebi had announced that it will auction four properties of Ravi Kiran Realty India on November 5, last year. The company had raised funds by issuing redeemable preference shares (RPS) to 1,176 people without complying with the public issue norms. Under the norms, the firm is required to list

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Bengaluru leasing market on revival, absorption to touch 10 mn sq ft: JLL

This is close to 2017-2018 absorption levels for the city

Good times ahead for India's real estate sector: Deloitte report

India's real estate sector suffered a major setback during the first and the second wave of the Covid-19 pandemic but now it is showing signs of steady recovery

Godrej Properties to develop 1.5 mn sq ft project in Bengaluru

Realty firm Godrej Properties Ltd on Friday said it has bought a 16-acre land parcel in Bengaluru to develop primarily residential properties, as part of its strategy to expand business in major cities. The company did not disclose the deal value as well as the name of the seller. In a regulatory filing, Godrej Properties, which is one of the country's leading real estate developers, informed that it has purchased a land measuring approximately 16 acres at a strategically located and fastest developing micro-market of Sarjapur to develop a mid-income project. The project is estimated to have a developable potential of about 1.5 million square feet saleable area, comprising primarily residential apartments of various configurations. Sarjapur is one of the most preferred residential locations in Bengaluru and also has excellent connectivity to the IT/ITES belt at Bellandur on Outer Ring Road and several key hubs of the city. Mohit Malhotra, MD & CEO, Godrej Properties, said, ...

Realty index slips 6%; DLF, Oberoi Realty, Godrej Properties down up to 8%

Despite the over 10 per cent correction from its 52-week high, the BSE Realty index has outperformed the market by surging 57 per cent thus far in the calendar year 2021

Top headlines: Voda Idea too raises tariffs; NoBroker becomes an unicorn

Business Standard brings you the top stories on Tuesday

Real Estate industry to grow at over 75% YoY for next 3 yrs: Report

After being hit hard by Covid-19 due to scarcity of labour and low budget spending, India's real estate industry is now gathering pace and is on the course to healthy recovery.

NoBroker.com becomes unicorn; raises $210 mn at $1 bn valuation

The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures

Affordable housing segment offers Rs 45-trn investment opportunity: Report

The investment in the affordable housing has been 17 per cent of the total PE investment in the residential segment in India in the past 10 years (since 2011).

SC verdict to protect homebuyers, make realtors toe the line

The SC's verdict is now expected to trigger a major change in state-specific rules modelled on this Act

Get diversified country and theme exposure with real estate global funds

Experts say returns from these funds could be slightly lower, but also less volatile, compared to international equity funds

Housing sales across 8 cities may rise 15-20% in 2021 on demand revival

During the 2020 calendar year, sales had plunged 47 per cent to 1,82,639 units from 347,586 units in 2019, mainly because of strict nationwide lockdowns imposed in March last year

Evergrande chief's luxury assets in focus as firm scrambles to pay debts

Evergrande's troubles in meeting bond repayments have rattled markets and left many of its investors, creditors and suppliers in financial chaos

NBCC Q2 profit rises 68% to Rs 72 cr; revenue up at Rs 1,961 cr

State-owned construction firm NBCC on Friday reported a 68 per cent rise in its consolidated net profit to Rs 72.03 crore for the second quarter ended September 30. The company had posted a net profit of Rs 42.80 crore in the year-ago period. The total income rose to Rs 1,960.91 crore in the second quarter of this fiscal from Rs 1,426.27 crore in the year-ago period, according to a regulatory filing. Delhi-based NBCC had posted a net profit of Rs 221.80 crore over a turnover of Rs 7,012.35 crore for the entire 2020-21 financial year. NBCC is engaged in project management consultancy (PMC) and real estate businesses.