Page 6 - Real Estate

DLF eyes Rs 47,000 cr revenue from 35 mn sq ft new projects in medium term

Realty major DLF Ltd has revised upwards its sales revenue potential by 17 per cent to Rs 47,000 crore

Lease rental discounting rates lowest in 10 years for top realtors

Fall 200 bps in 24 months as banks struggle to deploy credit

Union Budget 2022: Real estate sector hails it as a growth-inducing budget

Finance Minister Nirmala Sitharaman on Tuesday tabled the Union Budget for FY 2022-23

Govt proposes to tweak TDS norms on sale of immovable property

One per cent TDS will apply on a non-agriculture immovable property of over Rs 50 lakh on the basis of sale price or the stamp duty value, which ever is higher

Budget 2022: Realty stocks jump up to 6% as govt's FY23 capex hiked by 35%

Shares of real estate companies on Tuesday jumped up to 6 per cent after Finance Minister Nirmala Sitharaman announced allocation of whopping Rs 48,000 crore for completion of 80 lakh houses

DLF Q3 profit falls 15% to Rs 379 cr; income grows slightly to Rs 1,687 cr

Realty major DLF Ltd on Monday reported a 15 per cent fall in its consolidated net profit to Rs 379.49 crore for the quarter ended December.

Economic Survey: Housing prices hiked in some cities even during Covid wave

While house transactions mostly declined during the Covid-19 shocks, their prices did not fall in most of the selected cities, some even increased, as per Economic Survey 2021-22.

Registration of homes in Mumbai city down 26% in Jan to 7,732 units: Report

Registration of residential properties in Mumbai municipal area fell 26 per cent on an annual basis to 7,732 units due to restrictions on movements to curb the spread of the coronavirus pandemic

Budget 2022: Realty seeks increase in approval timeframe for rental housing

The National Real Estate Development Council requested the Centre to increase the approval time frame of such housing projects by at least five years.

Enter residential real estate with a horizon of five to six years

With prices and loan rates at low levels, this is a good time to invest. But moderate your return expectations

Embassy REIT to invest Rs 850 crore to develop office space in Bengaluru

Currently, Embassy REIT is developing a total of 4.6 million square feet area, including the new 1.9 million square feet office buildings

No major impact of fresh Covid wave on housing sales: Property consultants

Housing sales are expected to remain strong during this current quarter and there will not be any major impact on demand from the fresh wave of the COVID-19 pandemic, according to industry experts. Many states imposed restrictions like weekend curfew to curb the spread of the Omicron variant of coronavirus, affecting visits of prospecting customers to project sites. However, real estate developers and consultants said there was a minor impact in the first two weeks and sales enquiries are strong. "The impact of Omicron on housing sales is not expected to be significant as compared to the last two waves," Anarock Chairman Anuj Puri told PTI. Anarock is one of the leading housing brokerage firms in the country. "Unlike the last two waves, we have not had a complete lockdown and mobility has not been severely impacted. The sentiments have remained broadly positive as the fatality rate has been very low and so has the hospitalisation rate," he observed. Though the weekend lockdowns i

Budget 2022: Sops to boost investment in real estate sector, say brokerages

There are multiple expectations from firms in the real estate sector, the second largest employer after agriculture

Real estate sector pins hope on Budget FY23 to sustain growth momentum

The Central government has done a lot of work for the real estate sector in the previous years with landmark initiatives.

Elan Group acquires 40-acre land in Gurugram for Rs 580 cr from Indiabulls

In a big-ticket land deal, Elan Group has bought around 40-acre land in Gurugram for Rs 580 crore from Indiabulls Real Estate to develop housing and commercial projects.

Realty firm Macrotech Developers Q3 profit up 24% at Rs 286 crore

Realty firm Macrotech Developers on Tuesday reported a 24 per cent increase in its consolidated net profit to Rs 286.38 crore for the quarter ended December on higher sales.

Positive sentiment score in real estate hit record high in Dec qtr: Report

The sentiment index score for India's real estate sector remained positive and touched an all-time high during October-December quarter

Housing registration in Mumbai-MMR up 53% to 242,000 units in 2021

Registration of homes in Mumbai Metropolitan Region rose 53 per cent last year to 2.42 lakh units, driven by stamp duty reduction by the Maharashtra government and low interest rates on home loans

Seren Shvo Continues to Build Shvo Real Estate As The Head of Communications

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Institutional investments in real estate falls 81% to $670 mn in Dec qtr

The investment period has been captured based on term sheet signed or transaction announcement and not from the actual transfer of capital