Page 36 - Real Estate
 "How Covid-19 will change the way we live")
Suitors opting out of race for Lavasa over fall in realty prices
Haldiram, Oberoi Realty's plans hit; No pick up in demand expected in next 2-3 years
 "Suitors opting out of race for Lavasa over fall in realty prices")
Telangana Assembly passes bills for landmark land reforms
The Telangana Assembly on Friday passed various Bills to bring major reforms in the state's Revenue Department by reducing human interface for land transactions
 "Telangana Assembly passes bills for landmark land reforms")
Debt recast at real estate project level to revive sector: Experts
Developers revive stalled projects faster, but someone will have to take a haircut, say industry players
 "Debt recast at real estate project level to revive sector: Experts")
Tile players' turnover likely to decline 15-25% in FY21, says ICRA
The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry, the real estate sector, ratings agency ICRA said on Monday
 "Tile players' turnover likely to decline 15-25% in FY21, says ICRA")
Real estate sector welcomes RBI approval of Kamath panel's debt recast plan
The committee has selected 26 sectors, including real estate, which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the Covid-19
 "Real estate sector welcomes RBI approval of Kamath panel's debt recast plan")
Top realtors see green shoots as conversion rates rise by up to 25%
Buyers aged between 30-35 years currently living on rent have the highest purchase inclination, says report
 "Top realtors see green shoots as conversion rates rise by up to 25%")
Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors
Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15
 "Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors")
Global funds remain more overweight on India than APAC: Amish Shah
Amish Shah, India equity strategist at BofA Securities says that his firm expects the markets to consolidate in the near term
 "Global funds remain more overweight on India than APAC: Amish Shah")
Almost 75% complaints from National Capital Region in 2 years: UP RERA
Almost 75 per cent complaints lodged with the Uttar Pradesh Real Estate Regulatory Authority (RERA) in two years have been from the NCR districts, including Noida and Ghaziabad, it stated on Friday.
Maharashtra realtors waive stamp duty for home buyers in bid to spur market
Move follows recent cut in stamp duty on and other levies by state govt
 "Maharashtra realtors waive stamp duty for home buyers in bid to spur market")
Covid-19 pandemic pushes up average retail order size by over 50%
Retail realty sector that was seeing a steady fall in inventory is again staring at a spike in vacancy rate, a report by Anarock & Retailers Association of India shows
 "Covid-19 pandemic pushes up average retail order size by over 50%")
Chinese investors snap up Hong Kong property as new law deters foreigners
In August alone, mainland buyers snapped up at least two office towers and one hotel building worth 386.74 million pounds in total
 "Chinese investors snap up Hong Kong property as new law deters foreigners")
Maharashtra stamp duty cut will do little in boosting demand: Ind-Ra
Ind-Ra said the residential real estate's volume and price growth are closely integrated with the GDP growth rate
 "Maharashtra stamp duty cut will do little in boosting demand: Ind-Ra")
Maharashtra govt's stamp duty cut to do little in boosting demand: Ind-Ra
It also noted that the two key residential real estate markets of Maharashtra Mumbai and Pune may react differently to this measure, given the structural difference between these two markets
Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts
After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bangalore) and Haryana (Gurgaon)
 "Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts")
Maharashtra stamp duty cut may spur sales of smaller apartments: Realtors
"There is pent-up demand. I feel demand for smaller apartments will rise as people want to buy new homes," said Deepak Parekh, chairman of HDFC
 "Maharashtra stamp duty cut may spur sales of smaller apartments: Realtors")
Stamp duty cut will uniformly impact all housing segments, say realtors
Nitin Gupta, managing director at Macquarie Capital said the demand will come back for low and mid income housing and not necessarily premium housing.
 "Stamp duty cut will uniformly impact all housing segments, say realtors")
Sunteck Realty zooms 19%, HDFC up 3% as Maharashtra govt cuts stamp duty
The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities
Maharashtra govt cuts stamp duty, other levies for realty transactions
Realtors cheered the announcement and said it would boost the demand for residential apartments and sales
 "Maharashtra govt cuts stamp duty, other levies for realty transactions")
