Page 35 - Real Estate

Sunteck Realty second quarter sales bookings up 96% at Rs 200 crore

Sunteck Realty Ltd reported 96% increase in its sales bookings at Rs 200 crore for the quarter ended September on better demand for its properties despite the Covid-19 pandemic

Sobha leaps 14% as Q2 sales volume jumps 37% QoQ; stk up 77% so far in FY21

Price realization of Rs 7,737/square feet achieved during Q2FY21 is the highest price realization achieved by the company as compared to past 5 quarters

Fuelled by demand in southern markets, office leasing rises 64% in Q3CY20

On a yearly basis, the absorption of space has fallen 50 per cent from 10 million sq ft in Q3CY19 to 5.4 million sq ft in Q3CY20

SP's platform Joyville to invest Rs 1,200 cr on new housing project in Pune

Business conglomerate Shapoorji Pallonji's mid-income housing platform Joyville will invest around Rs 1,200 crore to develop a new residential project in Pune, a top company official said

Singapore's Mapletree Investments buys land in Mumbai for Rs 525 crore

The Kanakia group, from which Mapletree did the purchase, had bought the plot from India Tube Mills and Metal (ITM) Industries for Rs 363 crore in 2018

Builder can't sell flat until case is resolved

A builder in Punjab delayed issuing the allotment letter but was quick to cancel the booking after issuing the demand letter

Brookfield REIT issue may spur investment, demand in commercial real estate

Brookfield's proposal to launch REIT public issue for raising over Rs 4,000 crore augurs well for the future of India's office market, according to realty experts.

From tax collection to car sales, India's economic recovery picks up pace

GST mop-up at 7-month high, manufacturing PMI at 8-year high, but new projects down 81% in Q2

Even as economy reopens, new projects continue decline; down 82% YoY in Sep

Value of new projects in September lower than in June which saw the worst of lockdown

Housing sales rebound to 65% of pre-Covid, new launches at 79% of Q4FY20

Affordable and mid-segment housing units priced up to Rs 80 lakh formed 72% of total new supplies

Uptick in demand to buy, rent homes in smaller cities post Covid-19: Report

The demand for residential properties for buying and renting is rising in tier-2 and -3 cities after the outbreak of Covid, driven by reverse migration of large number of workforce to smaller towns

A tale of two Britains: Covid led homes market boom deepens social divide

A post-lockdown stampede for bigger houses outside of urban areas in the new work-from-home age has sparked a fresh boom in Britain's housing market

Covid-19: Housing sales fell 46% in July-Sep; 57% in Jan-Sep on low demand

During the January-September period this year sales have declined by 57 per cent to 87,460 units, from 2,02,200 units a year ago

Home sales up 34% QoQ in third quarter of calendar 2020, velocity down: JLL

The expected time to liquidate stock has increased from 3.6 years in Q2 of 2020 to four years in Q3, says a report by JLL Research

Sales of new homes surged 4.8% in August to annual rate of 1 million units

Sales of new homes rose by a very strong 4.8 per cent in August to a seasonally-adjusted annual rate of 1.01 million units.

Bhutani Infra to invest Rs 5,000 cr on 3 projects in Noida over 4 yrs

Out of 2 million sq ft area that has been completed, the company has leased around 1 million sq ft area and is in talks to put on rent the remaining area

Residential property deals and rentals skid in metros on Covid-19, WFH

The situation is worst in Mumbai, Delhi while Gurugram and Bengaluru are not affected as badly

Private equity inflow in real estate down 85% to $866 mn in Jan-Aug: Report

The private equity (PE) inflow stood at $5,795 million in the corresponding period of the previous year

Covid-19 impact: Worst over, but auto, retail, real estate still ailing

These sectors account for nearly a fourth of India's GDP

DHFL seeks loan dues of Rs 112 cr from Pune-based realtor, guarantors

The PNG Jewellers statement said the company is neither an investor nor a partner in Landscape Realty, and added that the developer is an "independent entity in the real estate business"