Page 25 - Real Estate
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.
 "Sales to sustain despite stamp duty reversal, say Mumbai realtors")
US home prices soared in January by most in seven years, says report
US home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 11.1 per cent in January from a year earlier. That's the biggest gain since March 2014. Prices rose in all 20 cities, and the 12-month increase was larger for all cities in January than in the previous month. January's data remain consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes, said Craig Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. It's not yet clear whether that trend will fade as the pandemic is brought under control, Lazzara said, or if there will be a permanent shift higher in demand. The biggest price gain was in Phoenix, where home prices jumped 15.8 per cent, followed by Seattle, with a 14.3 per cent gain, and San .
 "US home prices soared in January by most in seven years, says report")
Varde Partners in talks with Embassy to extend Rs 900-crore loan
Varde is also in talks to lend about Rs 1,200 crore to Hyderabad-based Phoenix Group
 "Varde Partners in talks with Embassy to extend Rs 900-crore loan")
Housing sales in Mumbai grow three-fold in March 2021, says report
The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore
 "Housing sales in Mumbai grow three-fold in March 2021, says report")
Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida
The Godrej Housing project is located in Sector 43, Noida
 "Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida")
Indiabulls, Edelweiss look to launch AIFs to advance realty loans
Edelweiss is also moving in the same direction after it sold developer loans to investors.
 "Indiabulls, Edelweiss look to launch AIFs to advance realty loans")
House that: Anarock says home sales up 29% in March qtr, JLL finds down 7%
Bengaluru was the only city not to record a major yearly change in total sales number, according to Anarock.
 "House that: Anarock says home sales up 29% in March qtr, JLL finds down 7%")
Home sales jump 29% due to better demand in Mumbai, Pune, Hyderabad
Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally
 "Home sales jump 29% due to better demand in Mumbai, Pune, Hyderabad")
Housing sales in 7 cities surge 29%, highest reported in Hyderabad: Anarock
Unsold inventory in the top 7 cities saw a nominal yearly decline - from 644,000 units towards Q1 2020-end to approx
 "Housing sales in 7 cities surge 29%, highest reported in Hyderabad: Anarock")
A regulator for health sector on lines of RERA likely to be set up soon
The survey cited unplanned readmission data - considered the most common metric of quality in the hospital setting
 "A regulator for health sector on lines of RERA likely to be set up soon")
Overhang looming on NCR residential real estate market, says ICRA
With unsold inventory surging to around 222 million sq.ft across 170,000 units and annual absorption plunging under 15 per cent
 "Overhang looming on NCR residential real estate market, says ICRA")
Existing US home sales fell in February, while prices increased
Sales of previously occupied US homes slowed last month
 "Existing US home sales fell in February, while prices increased")
Buyer entitled to a refund upon delay
The purchaser can't be made to wait endlessly just because the builder fails to fulfil his contractual obligation to obtain the Occupancy Certificate on time
Fractional ownership is for deep-pocketed investors, say analysts
Most retail investors will be better off opting for a REIT
 "Fractional ownership is for deep-pocketed investors, say analysts")
Rich but not ultra? Even you can now invest in grade A commercial property
Fractional ownership platforms give you access to this coveted asset class if you have Rs 25 lakh to spare
 "Rich but not ultra? Even you can now invest in grade A commercial property")
Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450
The stock of Mumbai-based real estate developer was quoting lower for the sixth straight trading day
 "Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450")
Shapoorji Pallonji Real Estate to invest Rs 300 cr to build flats in B'luru
Shapoorji Pallonji Real Estate will invest Rs 300 crore to construct around 440 luxury apartments in Bengaluru
 "Shapoorji Pallonji Real Estate to invest Rs 300 cr to build flats in B'luru")
DLF to raise Rs 500 crore via NCDs in its first major fund hunt in 2021
The Delhi-based group's latest bid to raise funds will be at a coupon rate of 8.25 percent.
 "DLF to raise Rs 500 crore via NCDs in its first major fund hunt in 2021")
Office space supply in the top metros likely to drag down absorption
Supply may be double of demand by fiscal 2022-2023
 "Office space supply in the top metros likely to drag down absorption")
Godrej Properties raises Rs 3,750 cr via QIP to expand business, buy land
Company has built a portfolio of 50 million sq ft in 30 months and plans 12 projects in the fourth quarter.
 "Godrej Properties raises Rs 3,750 cr via QIP to expand business, buy land")
