Page 56 - Real Estate

29% growth in home sales, dip in QTS indicate market recovery: Icra

The value of the area booked during April to December also rose to Rs 116.51 billion

Fast-growing hotspots: Enter tier II cities while prices are attractive

Many of them could emerge as growth hubs in the near future offering sound price appreciation, but they also carry the risk of a supply glut

GIC to pick 40% stake in Prestige's Exora Business Park for Rs 26 bn

Recently, GIC acquired 33.34 per cent stake in realty player DLF's rental arm for nearly Rs 90 billion

From dry construction to prefab units, realtors push tech to meet deadlines

Over the past decade, construction capability has evolved

Signs of revival in realty sector: New schemes will do well, say experts

Some companies were witnessing a 50 per cent jump in sales as many claimed that the bounce back in sales came in the third quarter

Developers should have mix of residential, commercial properties: Experts

Housing sales fell by 35% across eight major cities in the July-September quarter this year as demand slowdown continued in the property market

How India's phantom flats are leaving home buyers' dreams in tatters

As real-estate sales slumped and the once red-hot market cooled, businesses unraveled -- leaving them grappling with debt

Realty sector hit by tsunamis like demonetisation, RERA, GST in 2017

Real estate developers and consultants expect housing sales to improve in 2018

Realty firms struggle with record Rs 99,000-cr unsold inventory

First half of FY18, however, saw a mild improvement as net sales growth kept pace with new supply

Nifty Realty index at 7-year high; up 7% in three days

At 02:53 PM; Nifty Realty index, the largest gainer among sectoral indices, up 2% at 320, as compared to 0.17% rise in Nifty 50 index.

Godrej Properties leads pack of outliers in real estate

After a triple blow from demonetisation, new tax regime and implementation of the Real Estate (Regulation and Development) Act (RERA), residential real estate sales have been witnessing a steep decline.However, a bunch of outliers are bucking the slowdown in the realty sector and recording healthy sales and earnings growth. Leading the bunch is Mumbai-based Godrej Properties, followed by Bengaluru-headquartered Sobha Developers and Mumbai-based Oberoi Realty. Residential launches in the top eight cities declined by 41 per cent in first six months of 2017, lowest in seven years, according to broker Knight Frank. RERA has fundamentally changed the nature of development by pushing project IRRs (internal rate of returns) down and making developers delay projects. This comes when unsold inventory in the national capital region stands at approximately 200,000, which will take 62 months to get absorbed. In Mumbai Metropolitan Region, unsold inventory is at approximately 180,000 and will ...

World Bank arm to pump $23 mn into Ashiana affordable housing projects

The project would involve the construction of about 5,000 to 6,000 mid-income/affordable housing units, including senior living units (with care homes)

Realty will continue to face headwinds: Study

The value of sales has steadily improved from Rs 2,709 core in Q3FY17 to Rs 3,310 crore in Q4FY17

Realty check within budget of Rs 30 lakh-Rs 50 lakh

A snapshot of average current rates and unit sizes

Realty check within budget of Rs 2-2.5 crore

A snapshot of average current rates and unit sizes

Govt may sell assets of errant builder to complete pending projects

According to experts, this is the first time that home buyers are facing a problem of this scale

Real estate to gain up to Rs 90,000 cr from Metro rail projects: Icra

The construction sector in the country is expected to witness a boost its orderbook due to the strong traction seen in the metro rail sector, according to rating agency ICRA Ltd.The rating agency expects orders from the metro rail sector to help boost order book of the construction industry by Rs.75,000 to Rs.90,000 crore over the next three to five years. "The overall cost of expansion of operational/ under implementation approved metro projects is over Rs 2.5 lakh crore, thus supporting the order books of construction contractors. Further, Metro Rail projects (MRP) worth another Rs. 2 lakh crore are in various stages of approvals and are likely to come up for bidding within the next five years," ICRA said in its note."Roads and urban infrastructure, including Metro Rails are two key segments which have witnessed robust order inflows for the construction companies. Further, with sizeable pipeline of projects in these segments, the construction sector is expected to have sufficient ...

Investment in real estate project management needed post GST, RERA

With the advent of GST and RERA, developers would now have to adopt higher standards of performance compelling them to invest in project management, say experts. The government enacted the Real Estate (Regulation & Development) Act 2016 and all the sections of the Act have come into force with effect from May 1, this year, while the Goods and Services Tax came into effect from July 1. The GST and the RERA are touted as game changers converting unorganised real estate into an organised sector. "While the advent of RERA is being heralded as a game-changer and a great enabler in the long run, it may cause inconvenience in the short term. This is where project management will help the stakeholders," CBRE South Asia Managing Director, Project Management Group Gurjot Bhatia told PTI here. A project manager's role is to ensure that the project stays on course based on the initially planned budget, schedule and vision, said SILA Founder and Managing Director Sahil Vora. "Post

Note ban, RERA effect: Residential realty launches down 41% in H1 of FY18

Launch of residential projects came down by 41 per cent in top eight cities in first half of 2017, the lowest in seven years as developers grappled with demonetization and Real Estate (Regulation & Development) Act or RERA, said a new study. Barring Chennai, new projects dried up in all the eight cities. NCR and Ahmedabad were worst hit with launches plummeting by 73 per cent and 79 per cent respectively. Sequentially, Mumbai picked up by close to 62 per cent, albeit lower by 36 per cent . Chennai was the only market to record a marginal 4 per cent y-o-y rise in launches, said UK based Knight Frank in its half yearly report. Sales volume fell by 11 on a yearly basis, lowest first-half sales in the past five years, the report said."Demonetisation, RERA and GST came all in a gap of six months and they are bound to have a short term impact on sales," said Shishir Baijal, chairman of Knight Frank India.New residential launches fell 36 per cent in Mumbai Metropolitan Region in the ...

Sales up 11%: Is residential real estate coming out of the note ban shock?

The real estate sector has been hit hard by demonetisation, RERA and the GST, said Ghulam Zia