Page 20 - Real Estate

Mumbai has 4-fold jump in property registration in June as city eases curbs

Share of women homebuyers in new sales for residential property improves from 1.8 per cent in May to 4.7 per cent in June.

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

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

Trying to resolve stalled hsg project issue in Noida, Gr Noida: UP minister

Builders like Amrapali, Jaypee Infratech and Unitech have defaulted in delivering projects, causing huge distress to thousands of homebuyers whose money has been stuck for about a decade

Puravankara Ltd FY21 sales bookings up 28% at Rs 2,202 crore

This came on the back of strong demand driven by low-interest rates on home loans amid the Covid-19 pandemic.

Embassy REIT trading lot size to reduce from current 200 units to 1 unit

Embassy Office Parks said on Wednesday that trading lot size for Embassy REIT units on stock exchanges will be reduced to one unit from the current trading lot size of 200 units

Suraksha group may have to cross legal hurdles to take control of Jaypee

With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr

DLF sells 551 independent floors in Gurugram for over Rs 1,200 cr

Realty major DLF Ltd has sold 551 luxury independent floors in Gurugram since October last year for over Rs 1,200 crore and is planning to launch more such residential units

For realty developers, confidence builds on pent-up housing demand

Low interest rates, tax sops may encourage buyers

Shapoorji Pallonji housing platform Joyville's property sales double

Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, has so far launched six housing projects in four major cities.

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

Housing sales in Apr-Jun may rise 93% compared to year-ago period

In Bengaluru, housing sales are likely to rise 19 per cent to about 3,560 units in April-June 2021 as compared to 2,990 units a year ago.

Plan to grow annuity portfolio to over Rs 2,800 crore: Prestige Estates CEO

Venkat K Narayana, CEO of Prestige Estates Projects, tells Raghavendra Kamath that residential sales will do well due to multiple factors, and that demand for office properties will remain robust

Juan Wilson On A New Path To Support Millions

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Over 80% potential customers to buy homes if states cut stamp duty: Survey

Over 80 per cent prospective homebuyers may consider buying a house if stamp duty is lowered by states, according to a survey by realty portal Magicbricks.

Housing prices rise in March quarter, shows RBI data based on transactions

All India Housing Price Index (HPI) increased 2.7 per cent year-on-year in March quarter 2020-21, as per a data released by RBI on Monday.

Ashiana Housing buys 22 acre land in Gurugram to build residential project

Realty firm Ashiana Housing has acquired 22-acre land in Gurugram from Ramprashta group for about Rs 170 crore to develop a residential project. Recently, the company entered into a development agreement to build a 12-acre residential project for senior citizens in Pune on a revenue-sharing basis. "We have purchased about 22-acre land from Ramprastha group for about Rs 170 crore," Ashiana Housing MD Vishal Gupta told PTI. He said the company will develop a group housing project, which is located in Sector 93, New Gurugram, Haryana. Gupta said it would take 6-8 months to get various approvals to start the construction of this project. The potential saleable area is 21 lakh sq ft in this project. Ashiana Housing has added two projects to its portfolio this month, as part of its strategy to expand the business and future growth. In the Pune project, Ashiana Housing said the total size of the land is 11.93 acres, located in Mouje Varale, Taluka Mawal, District Pune (Maharashtra). Th

Godrej Prop tops in sales bookings for FY21; overtakes Macrotech

Godrej Properties becomes country's largest listed real estate developer in terms of sales bookings during the last fiscal year as it clocked a record pre-sales of Rs 6,725 crore despite pandemic.

Air India to sell real estate assets; may garner up to Rs 300 crore

Disinvestment-bound Air India is looking to raise Rs 200 to 300 crore by selling commercial and residential real estate assets in different parts of the country.

Office leasing in 2021 may remain flat or grow slightly in 7 cities: JLL

JLL India, part of US-based real estate consultancy firm JLL, is one of the leading property consultants in India with dominance in commercial leasing and facilities management businesses.

DLF may underperform on valuations, commercial portfolio concerns

Residential segment sales and outlook however remains robust