Page 27 - Real Estate

SBI, Shapoorji Pallonji sign MoU to offer faster home loan approvals

As part of the agreement, customers of SBI and Shapoorji Pallonji Real Estate will be able to avail the benefits of faster processing of home loans and approvals

Office space absorption to grow 12-18% next fiscal : Crisil

Net leasing of commercial office space across the country will grow 12-18 per cent to 25-30 million square feet (msf) next fiscal, a CRISIL analysis showed

US home prices rise 10.1% in Dec, fastest since 2014 due to low rates

U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S and P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1per cent in December from a year earlier. The year-end jump was the biggest since April 2014 and follows a strong 9.2per cent year-over-year gain in November. Home prices climbed 14.4per cent in Phoenix , 13.6per cent in Seattle and 13per cent in Seattle in December. But prices rose all over. Chicago, which recorded the slowest price gain, saw a 7.7per cent uptick. Detroit was not included in the year-over-year figures because of record-keeping delays caused by the coronavirus pandemic. These data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes," said Craig Lazzara, global head of index investment strategy at S&P DJI.XX. But he said it was ...

Large real estate players double market share amid recovery: ICRA

The residential realty sector is witnessing a K-shaped recovery, credit rating agency ICRA said on Tuesday

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

Mahindra Lifespace to invest Rs 500 crore in new housing project in Pune

In an interview with PTI, Mahindra Lifespace Developers Chief Marketing Officer Viral Oza said the company has launched a new housing project in Pune, which has been an important market for it

DLF Cyber City completes acquisition of 51.8% stake in Fairleaf Real Estate

The group, through its subsidiary DLF Cyber City Developers (DCCDL), purchased 51.8 per cent stake in the firm that operates Gurgaon's upmarket commercial complex One Horizon Center

Lockdown disruption pushing consumers towards home purchase: Survey

The latest survey by property consultant Anarock and Confederation of Indian Industries shows people are now more willing to own a home than pre-Covid days

Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

Brookfield REIT makes a tepid debut, units end 2% below issue price

Earlier this month, Brookfield Reit's Rs 3,800-crore IPO had garnered nearly eight times subscription

Lodha Developers plans to file DRHP for Rs 2,700-crore IPO this week

Lodha Group considered a listing in 2009 and 2018, but shelved the plan due to unfavourable market conditions

Goal is to deploy more capital in this market, says Pirojsha Godrej

It is challenging, but the team is doing very well and these launches are in different cities, said Godrej

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

Residential real estate bounces back after third quarter of CY2020

On a yearly basis , Mumbai, Thane and Pune saw more or less the same number of launches in CY2020

Embassy REIT third quarter profit declines 15% to Rs 215 crore

The firm announced Rs 2,300 crore investment over the next three years to develop nearly 6 million sq ft of commercial space

Mindspace Business Parks REIT third quarter net profit at Rs 140 crore

The firm declared a distribution of Rs 283.5 crore to unitholders

Housing.com partners startup Propdial to boost rental services business

Realty portal Housing.com on Tuesday said it has tied up with Gurugram-based property and rental management technology firm Propdial

How L&T Construction could disrupt the realty space with 3D-printed houses

The company, which has 3D-printed a ground-plus-one building, plans to use the tech to improve speed and scale especially in the EWS space

DLF, Sobha: A good time to buy real estate and related stocks, say analysts

Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing

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.