Page 26 - Real Estate

Godrej Properties raises Rs 3,750 crore through QIP issue

Realty firm Godrej Properties on Tuesday said it has raised Rs 3,750 crore through sale of shares to institutional investors.

Cummins India rides on exports, likely to gain as demand for power grows

Diesel engine maker projected to benefit as companies planning to build data centres seek power providers

Robust launches to drive growth momentum for Oberoi Realty in FY22

The company is the top pick of brokerages in the realty space

Commercial realty picks up but challenges remain amid Covid-19 pandemic

Companies are still working out their space needs post-pandemic before committing to rents and leases

Studio apartment supply falls as Covid makes people stay at home: Study

Average size of studio apartments was largest in the National Capital Region and smallest in the Mumbai Metropolitan Region, finds Anarock

Housing sales likely to drop 34% in FY21 in volume terms: India Ratings

Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the COVID-19 pandemic, the report said

Opportunity from crisis: How investors playing post-pandemic property mkt

The 2.8% capitalisation rate - the return the property is expected to generate - was a record for office real estate in Milan.

Prestige concludes phase 1 of deal with Blackstone at Rs 7,467 cr

The Prestige-Blackstone deal is one of the largest real estate deals in the country

Tata Housing to offer 150 units at discount; flash sale starts from Mar 12

Realty firm Tata Housing on Wednesday said it will offer 150 units across 15 projects at a discounted price

Demand for luxury housing improves in national capital

The demand for luxury housing properties in the national capital has improved in the last six months on low prices and home loan interest rates, but there is a need to reduce stamp duty to give a further boost, according to industry experts. Addressing a webinar on luxury housing market of Delhi-NCR, India Sotheby's International Realty CEO Amit Goyal said the circle rates in Delhi should be rationalised as market prices are 30-40 per lower than the circle rates. Rahul Bhargava, Joint General Manager, HDFC Ltd, Anubhav Jain, CEO, Silverglades Group and Ravinder Singh Ahuja, CA, Founder RS Ahuja & Co also participated in the webinar. In the last 8-9 years, property prices have only come down. So, it's high time that the circle rates are rationalised now. I wish there is a stamp duty cut, just like how it was done in Maharashtra and some other states. Even internationally, countries such as the UK and Malta did the same," he said in a statement. Maharashtra and Karnataka governments

Godrej Properties' shareholders approve raising up to Rs 3,750 cr

Realty firm Godrej Properties on Monday said the company's shareholders have approved the company's proposal to raise up to Rs 3,750 crore through issue of securities.

Correction in prices makes Delhi's luxury properties attractive: HDFC

A temporary cut in circle rates by 20 per cent and lower interest rates are also factors

Las Vegas Sands sells Vegas properties for about $6.25 billion

The properties being sold by the casino operator include the Venetian Resort Las Vegas and the Sands Expo and Convention Center.

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts

Generic Engineering Construction bags construction orders worth Rs 81 cr

The company has been awarded with new work orders worth Rs 80.80 crore (including GST) for various institutional projects from new reputed clients

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

Govt must focus on infrastructure project planning: Louis Berger Asia

Louis Berger is a global infrastructure advisory firm

Godrej Properties buys land worth Rs 166 cr for residential proj in Mumbai

Realty firm Godrej Properties Ltd has bought around 1.5 acre land parcels for Rs 166 crore in Mumbai to develop a residential project

Top listed developers sitting pretty after record bookings in Dec quarter

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

Q3 GDP growth number: Covid-driven recession over, double dip ahead

GDP is implicitly projected by NSO to slip back into contraction of 1.1% in Q4FY21. This appears to be an outcome of the back-ended release in the Govt's subsidies that is on the anvil in Q4