Page 30 - Real Estate

HDFC's Q3 biz update confirms recovery; re-rating in HFCs likely: Analysts

Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say

Jain Housing raises Rs 175 crore from Apollo Global and Nippon Life

The company, which has been in constructing residential apartments and complexes for over 33 years, will use the proceeds to reduce its debts

Textiles, realty on revival path as business limps back to pre-Covid levels

Recovery will be across segments, including cotton yarn, readymade garments, polyester yarn, and home textiles, driven by higher domestic and export demand

Satyaa Homes, Ambuja Neotia group to develop a 72-acre Kolkata township

The township, which will encompass plotted developments, villas, villaments and apartments, will be completed within five years.

New supply of office space down 30-35% in 2020 amid pandemic: Reports

New office space supply was less impacted than the demand, which fell by around 45-50 per cent with corporates deferring their expansion plan and adopting work-from-home policy for employees

Residential property registration jumps 2-fold in Dec in Mumbai: Report

The registration of residential properties in Mumbai jumped over two-folds this month at 18,854 units compared with November on account of reduction in stamp duty by the Maharashtra government, according to Knight Frank India. In November, total registration stood at 9,301 units. The registration in December 2019 stood at 6,433 units, the consultant said. "Mumbai recorded a historic surge in home sales registrations in the month of December 2020. Total sales registered till December 30, 2020 for the month of December is recorded at 18,854 units," Knight Frank said in a statement. Shishir Baijal, Chairman & Managing Director, Knight Frank India said, "The reduction in stamp duty has led to a significant surge in sales of homes in Maharashtra, particularly in Mumbai, comforting the long -beleaguered real estate sector of this region." A combination of the lowest home loan rates, reduced prices along with rebates and offers made by developers, as well as increased household saving ...

House price index growth continues to moderate, shows RBI data

Annual growth in the all-India House Price Index (HPI) continued to moderate and stood at 1.1 per cent in the second quarter of the fiscal

Office leasing in top 6 cities plunges to 27.4 mn sq ft in 2020: Report

Office space absorption across six major cities in India fell over 50 per cent in 2020, according to a Savills India report

Rent trends will largely mirror the demand curve: Niranjan Hiranandani

In a Q&A, the chairman of Hiranandani Communities explains that the pandemic has prompted the millennial to move from being a renter of residential property to an owner

Office absorption up 52% in Q4 of CY20 on sequential basis: JLL report

While IT/ITeS continues to grab the lion's share, leasing activity is being driven by increased demand from sectors such as e-commerce, healthcare and FMCG

PE investment in real estate to drop 31% to $4.6 bn in 2020; $6 bn next yr

Private equity investment in real estate is estimated to fall 31 per cent year-on-year during 2020 to $4.6 billion due to Covid-19

PE investment in real estate to drop 31% at $4.6 bn in 2020; $6 bn in 2021

In its ''Beyond The'20: Private Equity in India Real Estate'', Savills India expects the PE inflow to bounce back and grow by 30 per cent in the next year to USD 6 billion

Top real estate developers see more consolidation coming in 2021

Although residential sales faced a majot set back in Q2, they made a comeback with help of pent up demand

Restricted launches will hurt EPC real estate players: CRISIL SME Tracker

Competition from large players, exposure to business cycles, and high working-capital intensity are key risks in the EPC segment

Home sales in top 7 cities halve in 2020 as Bengaluru, NCR lead decline

New housing supply down 46%, unsold inventory shrinks 2%

Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall

New Vernon's investment panel casts a cloud over Värde's earlier investments

Housing sales to fall 47% in 2020 across 7 top cities due to Covid: Report

Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 138,000 units this year on lower demand because of the Covid-19, according to Anarock

Lenders extend Reliance Home Finance bid deadline to January-end

Move follows request by suitors; only two of six contenders submitted binding bids, the other four came with riders

Sometimes selling winners makes sense

I ask investors if they would buy an investment at its current price.If the answer is no, then it is not wise to continue holding it, says Harsh Roongta

Only two of six bids for Reliance Home Finance are compliant and binding

The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non-compliant bidders