Chennai witnessed the highest housing price appreciation of 15 per cent during April-June across 9 major cities.
In this episode of The Moneycontrol Real Estate show, Moneycontrol's Vandana Ramnani talks to Tariq Ahmed, Chief Executive Officer, West India at Prestige Group, about the company’s plans in the residential space.
The real estate sector is estimated to receive private equity investments of $6,884 million in CY 2022.
Residential and industrial and warehousing sectors have emerged as major beneficiaries this year, garnering a combined 36% of the investments.
Raymond Realty also plans to expand operations through joint development route beyond Thane region without land acquisition
Geographically, the western part of the country saw the sharpest jump in future sentiment index. This zone’s Future Sentiment jumped to 66 in Q4 2020 from 47 in Q3 2020
In 2020, the residential sector witnessed seven deals worth $368 million, which were down by almost half year-on-year compared to $717 million in 2019.
High debt building up on account of slow-moving inventory, sustainability of recent sales uptick and improvement in cash flows remain key look-out areas, says ICRA.
In a report, Knight Frank says Asia- Pacific prime office rents are likely to decline between -3% and 0% in 2021 but Bengaluru is likely to see a surge in prime rents in 2021. Mumbai and NCR office rentals may remain stable during the period.
Low home loan rates and discounts have pushed sales velocity and this has helped perk up sentiment, says the 26th Knight Frank - FICCI - NAREDCO Real Estate Sentiment Index Q3 2020 Survey
Office transactions fall by 37 percent year-on-year to 17.2 mn sq ft in the first half of 2020, the steepest fall in a decade. Vacancy at a four-year high of 14.1 percent
PE Inflows in 2020 to be 45-50 percent lower YoY; net office space leasing could drop 45-55 percent to 21-24 million sq ft during 2020 across major cities as companies may defer expansion plans
With homebuyers deferring home purchases on account of coronavirus outbreak, sales of residential units decrease by 29% in Q1 2020 over the same period last year
These plots will come up in an area proposed to be developed on the lines of the Delhi Aerocity project.
These would be developed across Gurgaon, New Gurgaon and Panchkula.
The past year saw the Government take a series of steps to help improve sentiment and revive demand.
The scheme which will begin from 10 cities, and include affordable housing projects priced up to Rs 2.50 crore.
MMR and NCR were the favoured regions for private equity investors in 2019 as they received close to $2.7 billion of PE funds.
Residential segment with stalled projects worth $66 billion to provide a huge opportunity
While overall market sentiment for purchasing residential property remains weak, there is enough interest for new launches from organised developers with a strong execution track record, finds an ICICI Securities’ report
The entire land parcel, whose existing land use is residential, can support five million sq ft of built up area
Mumbai attracted the highest investment inflows at Rs 6,100 crore, followed by Pune and Delhi-NCR, the Cushman & Wakefield report said
Mumbai is the most expensive prime property market in India, followed by Delhi and Bengaluru.
The real estate developer will launch four towers initially, while the remaining six towers will be opened depending on demand.
At the city-level, Mumbai continued to be the most-preferred destination for overall PE investments, seeing nearly 38 percent of the total capital inflows in 2018