Realty Sector

Strong demand foundations propel real estate cos back into the spotlight

The Nifty Realty index zoomed up more than 17 percent in the past month, leaving the Nifty 50’s modest 4 percent gains far behind to emerge as the new rock star of the market.

Adani Group may consider $1-billion bid for Jaypee’s realty assets: Reports

The acquisition would place Adani in direct competition with other major players in the Indian real estate sector, such as the Godrej Group, Tata Group, Larsen & Toubro, and the Raymond Group.

New govt must bring policy reforms in realty sector, cut home loan interest rate: Builders

The association also sought streamlining of getting approvals to develop projects.

Ajmera Realty secures redevelopment project for 4 societies in Mumbai's Borivali

This project is estimated to generate sales of Rs 330 crore and will primarily consist of residential apartments of 2 and 3 BHK flats, with an estimated carpet area of 1,07,000 Sq.ft, the filing added.

Morgan Stanley initiates coverage on Phoenix Mills; increases target price by 31%

Brokerage house Morgan Stanley has initiated coverage on The Phoenix Mills Ltd (PML) with a buy ratings and increased its target by 31% to Rs 1700 from current market price.

Dombivli building develops cracks after 22 years leaving 250 families homeless

Shivanand Tiwari, who lives on the ground floor of F wing, told HT it felt like an earthquake. “There was a loud noise, and dust enveloped the room,” he said. “I immediately rushed out with my wife and two children. I doubt if the building was constructed using standard quality materials, looking at its state in just 22 years," according to the report.

MahaRERA to issue notices to 18,000 real estate projects for failing to upload info

Notices are being issued to old as well as new projects by the Maharashtra Real Estate Regulatory Authority. These projects claim to be RERA registered but are yet to share information about their finances, work and certificates to be RERA compliant, say officials

Piramal Realty eyes Rs 2,200 crore sales bookings in FY23, up over 40% year-on-year

Founded in 2012, Piramal Realty is the real estate development arm of business conglomerate Piramal Group.

Donald Trump Jr. to visit India this month; may announce expansion in Indian realty sector

New York-based The Trump Organization entered into the Indian real estate market through a partnership with Mumbai-based Tribeca Developers.

High-density population biggest challenge for Dharavi Redevelopment Project, says Gulam Zia of Knight Frank India

Amid this Dharavi Redevelopment Project remained a major focus. The Gautam Adani-led Adani Group has acquired the rights to redevelop Asia's largest slum, Dharavi, on 600 acres of prime real estate in the heart of Mumbai, the country's commercial capital.

All-round optimism over residential property sales in Q2: CREDAI Chennai report

According to the realtor's body Confederation of Real Estate Developers' Associations of India (CREDAI), a total of 3,636 residential units were sold in Chennai during the July-September period, which is 16 per cent higher than previous quarter.

Housing sales up 49% in July-September across 8 major cities: PropTiger

Housing sales were badly impacted during 2020 because of the COVID-19 pandemic. However, demand has improved from July last year amid a decline in COVID cases.

Housing.com to hire about 200 people in FY'23; to invest in technology, brand promotion

CEO Dhruv Agarwala attributed the rise in revenue of both Housing.com and PropTiger.com to strong revival in housing demand after the second wave of the pandemic.

China's biggest property developer Country Garden posts almost 100% slump in profit

Unlike its largest peers, Country Garden focuses on the lower end of the market, making it more vulnerable to weakening demand from homebuyers during a slowdown.

Niranjan Hiranandani guides: How should home buyers decide which project to buy

How should home buyers decide which project to buy in. In this segment Niranjan Hiranandani provides his manual for home buyers as well as talks about his retirement plans. Will he retire soon or has he re-tyred himself?

Small & midcaps underperform; these 13 stocks in BSE500 index fell over 10% each

In terms of sectors, S&P BSE Realty plunged about 6 percent followed by IT that was down by 4.4 percent for the week ended April 16.

Budget 2021: These policy changes with strong implementation can boost real estate demand

The housing sector is facing problems like unsold inventory of residential units and incomplete projects due to which many homebuyers are still waiting to get possession of the property.

GST Council to consider implementation of lower GST rates for realty sector

The meeting is likely to deliberate only the transition provision and related issues for the implementation of lower GST rates for the real estate sector, sources said, adding, no issues related to rate is in the agenda as the model code of conduct is in force.

Opinion | No easy solutions to the problems Mumbai Port Trust faces

The blame-game between all parties concerned will only ruin the realty prospects of land which could have otherwise been utilised to rejuvenate a city that needs serious affordable housing infusion.

Govt must boost liquidity in realty sector; create Rs 2,000 cr fund for stalled projects: NAREDCO

On the GST, the association welcomed setting up of a group of ministers (GoM) to consider rationalisation of rate. It demanded that the GST should be brought down to 5 percent with input tax credit (ITC) for affordable housing from 8 percent, while for other projects the rate should be 8 percent with ITC from the present 12 percent.