Page 5 - Realty

Edelweiss raises Rs 6,600 cr AIF, plans to raise $1 bn fund for realty

The arm is looking to raise an alternative investment fund (AIF) of over USD 1 billion next year to invest in realty assets.

Gaurs Group clocks Rs 400 cr sales booking in Q2; small drop from last year

Realty firm Gaurs Group on Saturday reported a marginal 5 per cent fall in sales booking at Rs 401 crore during July-September, despite demand slowdown in the housing market due to Covid-19

Housing supply down nearly 60% in Jan-Sept across top 7 cities: Report

New supply of residential properties fell nearly 60 per cent in January-September this year as low demand due to Covid-19 forced developers to go slow on launching new projects, according to Anarock

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

Construction finance, LRD rates lowest in 10 yrs for top realtors: Experts

For large but overstretched firms and mid-sized and small developers, sourcing loans is still difficult

Godrej Properties, DLF: How to trade real estate stocks post stamp duty cut

Price-volume trend indicates a further upside for realty stocks

DLF Q3 profit before tax rises 55% to Rs 368.6 cr; total income falls 36%

Despite the fall in income, the company's net profit increased due to an exceptional gain of Rs 231 crore during the December quarter

Monetary policy review: RBI extends helping hand to MSMEs, realtors

Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors

Realty Check: Current rates and unit sizes in the Rs 1-1.5 cr price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

M P Lodha India's richest realty tycoon, DLF's Rajiv at second spot: Report

Lodha Developers' M P Lodha and family has been named India's richest real estate entrepreneur with a wealth of Rs 31,960 crore followed by DLF's Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively, according to a report. Hurun Report and GROHE India on Monday released the third edition of GROHE Hurun India Real Estate Rich List 2019' featuring the richest real estate entrepreneurs in India. "With a wealth of Rs 31,960 crore, Mangal Prabhat Lodha & family of Macrotech Developers (earlier named Lodha Developers) retained the top spot in GROHE Hurun India Real Estate Rich List 2019 for the second consecutive year," the report said. Lodha family's wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list. "At number two is Rajiv Singh of DLF (up one rank) with a wealth of Rs 25,080 crore up 42 per cent as compared to 2018," the report said adding that ...

Realty check: Current rates, unit sizes in Rs 50 lakhs -1 crore price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Residential property sales will take a year to improve, say top realtors

Residential sales have seen a slowdown for the past five years and prices have stagnated due to poor demand

Home prices will remain flattish for another year, says Pirojsha Godrej

Real estate is a cyclical industry and adjusting the supply of projects is not very easy, unlike in manufacturing, says Godrej

Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

A chief executive of PE fund who did not want to be quoted said it would take six to eight months to close the fund and start disbursing

Realty check: Current rates and unit sizes in Rs 2-2.5 crore price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Moody's lowers Macrotech Developers' rating again, this time to Caa1

The earlier B3 rating was itself a downgrade, by Moody's this August, and indicating hightened credit risk

Premium realty players flock to affordable housing as prices rationalise

Brigade Group, which has built luxury homes and villas, announced its entry into affordable housing last year

Hiranandani group to invest Rs 500 crore to develop a new housing project

Hiranandani group is selling apartments in this project at Rs 1.25 crore onwards.

Realty check: Current rates, unit sizes in Rs 50 lakh-Rs 1 cr price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Realty firms may raise over $25 bn in 3 years via REITs: Anarock report

Real estate developers may raise more than USD 25 billion over the next three years by listing their rent-yielding commercial properties through the Real Estate Investment Trusts (REITs) route, according to realty consultant Anarock. Earlier this year, global investment firm Blackstone and realty firm Embassy group launched India's first REIT to raise Rs 4,750 crore. Their joint venture firm Embassy Office Parks listed its rental assets on the exchanges. "Commercial REITs may raise over USD 25 billion for Indian real estate over the next three years. This involves the listing of more than 150 million sq ft of rent-yielding Grade A office properties across top seven cities - covering 25-30 per cent of the overall Grade A office space in these cities," said Shobhit Agarwal, MD & CEO Anarock Capital. Currently, the top seven cities -- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune -- have close to 550 million sq ft Grade A office supply - of which 310-320 million