Kansai Nerolac Paints' net profit falls 15% to Rs 112.3 cr

New Delhi: Kansai Nerolac Paints reported 15.2% fall in net profit to Rs 112.3 crore despite a 1.4% rise in net revenue from operations to Rs 1,717.1...

Godrej Properties Q3 PAT jumps 51% YoY to Rs 59 cr

New Delhi: Godrej Properties’ net profit jumped 51 percent to Rs 59 crore in Q3 FY23 compared with Rs 39 crore in Q3 FY22. The company's revenue from...

CPP Investments infuses $205 mn in IndoSpace’s real estate fund

Noida: Canada Pension Plan Investment Board (CPP Investments) has infused $205 million as an anchor investor in property developer IndoSpace’s new rea...

Mixed response by realty stocks on Budget Day

Noida: With limited benefits given out to the real estate sector in the Union Budget 2023, the stocks of realty players showed mixed response. While t...

Budget 2023 - Funds under PM Awas Yojana enhanced by 66% to Rs 79,000 cr

Noida: PM Awas Yojana outlay is being enhanced by 66 percent to Rs 79,000 crore, Union Finance Minister Nirmala Sitharaman said during her presentatio...

DLF's net profit up 35% in Q3 FY23

Noida: Real estate player DLF has reported a 35 percent year-on-year jump in its profit after tax (PAT) for the October-December quarter at Rs 518 cro...

Strata raises Rs 76 cr for its largest asset in Mumbai

Bengaluru: Proptech player Strata has launched Phase II of its 21st asset valued at Rs 170 crore. Of the total value, Strata has facilitated investors...

HNIs bullish on real estate: Survey

Noida: About 75 percent of the High-Net-worth Individuals (HNIs) and UltraHigh-Net-worth Individuals (UHNIs) believe real estate will do well over the...

Plots having area of 100 square yards in Gurugram can now be regularized

Gurugram: Gurugram Municipal Corporation (MCG) has now announced that plots with an area of 100 square yards can be regularized. MCG Commissioner PC M...

Mahindra Lifespace acquires 4.25 acres land parcel in Bengaluru

Mumbai: Mumbai-based Mahindra Lifespace has acquired 4.25 acres of land parcel at Singasandra in Bengaluru. This is the company’s third project in the...

Institutional Investments In Retail Realty Jumps Over 6-Fold To $492 Million In 2022

Mumbai: Institutional investments in the retail property segment increased many fold to $492 million in 2022, according to Colliers India. In the year...

Ajmera Realty sees 124% jump in sales value at Rs 694 cr

Mumbai: Ajmera Realty has seen jump of 124 percent on a year-on-year basis in sales value worth Rs 694 crore. It also recorded a jump of 42 percent in...

Builders must provide info on all projects: MahaRERA

Mumbai: Promoters of real estate projects that have been registered with any RERA authority must provide their details for homebuyers to be able to ma...

Home loan borrowers can file complaint against HFC with RBI soon

Mumbai: Home loan borrowers in India who have any problem with their housing finance company (HFC) will soon be able to lodge a complaint with the Res...

Chandigarh Housing Board (CHB) set to relaunch general housing scheme in Sector 53

Mumbai: Chandigarh Housing Board (CHB) is about to relaunch general housing scheme in Sector 53.  After getting very poor response from home buyers,...

Noida authority to penalize builders for layout violations

Mumbai: Noida Authority is mulling introducing a policy in 2023 to collect fines from real estate developers who deviate and make changes in approved...

Godrej Properties will develop a housing project on 14.27 acres in Gurugram

Mumbai: Godrej Properties (GPL) will develop a housing project on 14.27 acres of land in Gurugram (Haryana) having an estimated revenue potential of R...

ED files money laundering case against 65 Maharashtra builders

Mumbai: ED has now filed money laundering case against 65 real estate developers from Kalyan-Dombivli Municipal Corporation (KDMC) locality. They have...

MahaRERA revokes registration of 49 real estate projects

Mumbai: MahaRERA has revoked registration of as many as 49 real estate projects of various developers for fabricating documents. All these 49 project...

Repco Home Finance’s net profit down 17% at Rs 71 crore for September quarter

Mumbai: Repco Home Finance’s quarterly net profit went down 17 percent at Rs 71 crore for September quarter of 2022 as compared to Rs 86 crore in Sept...

Hotel Uma in Darjeeling emerging as the worst hotel in the city

Mumbai: One of the budget hotels in Darjeeling, Hotel Uma on JP Sharma Road in Darjeeling, is earning a really bad name for itself. The hotel does not...

Macrotech Developers registers net loss of Rs 933 cr for Q2FY23

Mumbai: Macrotech Developers Ltd has registered a consolidated net loss of Rs 933 crore for the quarter ended September 2022 because of provisions mad...

SEBI penalises 21 companies for manipulation in Sunstar Realty Development case

Mumbai: SEBI has put a fine of Rs 1.05 crore on as many as 21 companies for manipulation of the share price of Sunstar Realty Development Limited (SRD...

PNB hikes MCLRs tenors by 30 basis points

Mumbai: PNB has hiked MCLRs across all the tenors by as much as 30 basis points. The MCLR hikes will be in effect from 1 November. The revised benchm...

Mumbai reported 8,276 registrations of property in Oct 2022

Mumbai: Mumbai reported 8,276 registrations of property in October 2022, according to data collected by Knight Frank India from the Maharashtra govern...

MoneyTap found to be indulging in unethical business practices

Mumbai: Consumer lending startup MoneyTap has been found to be indulging in unethical business practices across the country. The company, although hea...

UP RERA registers 36 new realty projects with estimated value of Rs 3,648 cr in Sept

Mumbai: 36 new realty projects in Uttar Pradesh, with an estimated value of Rs 3,648 crore, have been registered with UP-RERA in September 2022. Of th...

Home loans, among others, to get more expensive as RBI hikes repo rate

Mumbai: Home loans, among others, will now get more expensive as the Reserve Bank of India has increased the repo rate by as much as 50 basis points t...

State Bank of India pulls Jaiprakash Associates to bankruptcy court

New Delhi: State Bank of India has pulled Jaiprakash Associates to bankruptcy court for a default on loan payment of Rs 6,893 crore. An application by...

5 persons booked in FIR filed against realty firm Mahagun for 'cheating'

Mumbai: An FIR has been filed against real estate player Mahagun in Noida for allegedly duping a buyer. The director of Nexgen Infracon Pvt Ltd- Amit...

Bajaj Housing Finance and LIC Housing Finance hike home loan int rates by 50 bps

Mumbai: Home loan companies Bajaj Housing Finance and LIC Housing Finance have hiked lending rates by as much as 0.50 percent. Bajaj Housing Finance h...

Signature Global sinks into red continusoly for last 3 fiscals, amasses Rs 258 cr loss

Mumbai: Signature Global Ltd has amassed Rs 258 crore in net losses in the last three fiscal even as the firm is going in for an IPO. The company sank...

UP-RERA issues 5,625 recovery certificates totaling Rs 1,762 cr against orders of refund

Mumbai: UP-RERA has issued as many as 5,625 recovery certificates totaling Rs 1,762 crore against the orders of refund. It has collected Rs 344.62 cro...

Notice issued to JMS Infra Build Pvt Ltd for selling land parcels illegally

Mumbai: Gurugram authorities have issued a notice to developer JMS Infra Build Pvt Ltd for selling land parcels in the name of affordable homes withou...

Noida Authority to hike land rates by 20-30%

Mumbai: Noida Authority plans to hike land rates in the range of 20-30 percent in several categories of plots. Noida authority has divided the city in...

Prestige Estates four-fold jump in its net profit at Rs 205 cr for Q1FY23

Mumbai: Prestige Estates has registered four-fold jump in its consolidated net profit at Rs 205 crore for the quarter ended June 2022 as compared to R...

Omaxe Ltd’s net loss widened to Rs 50 cr for Q1FY23

Mumbai: Omaxe Ltd’s consolidated net loss widened to Rs 50 crore for the first quarter ended June 2022 as compared to net loss of Rs 45 crore in the s...

Brahma Kumaris sisters tie rakhi to Motia Grp employees 2nd year in a row

Mumbai: Punjab-based realty estate player Motia Group held a Raksha bandhan event in which the company’s employees were tied rakhis by Brahma Kumari s...

Demand for premium homes to remain strong in 2022: Abhishiekh - Andlay Estates

--BY-Abhishiekh Andlay, Founder, Andlay Estates India has seen an unprecedented boom in premium home sales, since the start of the pandemic, and ther...

HDFC hikes retail prime lending rate on housing loans by 25 bps

Mumbai: HDFC has hiked retail prime lending rate (RPLR) on housing loans by 25 basis points. Benchmark lending rate for home loans by HDFC has been i...

YEIDA cancels land allotment to SDS Grp due to non-payment of dues

Mumbai: YEIDA has cancelled the allotment of a plot of land to realty player SDS Group in Sector 26A in Noida due to non-payment of Rs 223 crore dues....

Delhi NCR property market remains top destination for Dubai-based NRIs

Mumbai: Delhi NCR property market has remained top destination for Dubai-based NRIs for investment purpose.  According to a Square Yards report, abou...

Home Loan, auto loan, etc, to get expensive as RBI hikes repo rate by 50bps

Mumbai: RBI has hiked repo rate by 50 basis points to 5.40 percent in its latest Monetary Policy Committee meeting. This is the highest repo rate sinc...

Asian Paints, Berger Paints India penalised for false/baseless ads

Mumbai: Leading paint brands like Asian Paints and Berger Paints India have been penalized for issuing bogus claims through its advertisements that it...

Four construction labourers die at at Emaar proj construction site at Gurugram

Mumbai: Four construction labourers died and one got injured after a fall a tower crane working at ‘Emaar Palm Heights Society’ in Sector 77 in Gurugr...

Ajmera Realty's subsidiary acquires land in Mumbai for Rs 42.5 cr

Mumbai: Ajmera Realty & Infra’s subsidiary Shree Yogi Realcon Pvt Ltd has acquired 1,721 sq mtr of land in Mumbai for Rs 42.5 crore. The land has been...

DLF Ltd clocks 39% jump in net profit at Rs 470 cr for Q1FY23

Mumbai: DLF Ltd clocked 39 percent jump in net profit at Rs 470 crore for the first quarter of the current fiscal as compared to Rs 337 crore in the s...

"Macrotech Developers have got registration for its upcoming project in Mumbai through fraudulent means"

Mumbai: Three entities have alleged that c, according to a news report in Moneycontrol.com The three entities are Urban Infrastructure Venture Capita...

CIDCO builds 12 storey residential tower in just 96 days

Mumbai: City and Industrial Development Corporation (CIDCO) has built a 12 storey housing  tower with as many as 96 tenements in just 96 days. It is l...

Capital flow to Indian realty jumps 42% to USD 3.4 bn

Mumbai: Investment in Indian real estate sector in the first half of the current calendar year (January-June 2022) went up 42 percent as compared to t...

Delhi NCR has maximum appreciation in land prices since 2019

Mumbai: Price of land plots jumped the most amongst all the real estate asset segments homes, offices, warehouses, etc. The prices of land parcels alo...

Home builder’s confidence in USA falls to a new low in July

Mumbai: Home builder’s confidence in USA fell to a new low in July 2022 as fairly high inflation made many builders to stop home construction. This co...

HDFC Ltd sells some shares of Ansal Housing Ltd

Mumbai: HDFC Ltd has sold a some shares of Ansal Housing Ltd that it had acquired through invocation when the realty firm failed to pay its loan dues....

Prestige Estates registers four-fold increase in sales bookings at Rs 3,012 cr

Mumbai: Bengaluru-based Prestige Estates has registered four-fold increase in sales bookings at Rs 3,012 crore in the first quarter of the current fis...

Homexchange raises USD 4 mn from Oberoi Realty, HDFC Capital and Anarock

Kochi: Protech startup Homexchange has raised USD 4 million (or Rs 32 crore) from Oberoi Realty, HDFC Capital and Anarock. The company helps its cust...

Contractual workers, freelancers in realty industry can now get insurance cover

Insurance industry has been radically affected by the urgency of affordable healthcare due to the pandemic, says Yogesh Agarwal, Founder, Onsurity. Hi...

PE investment in Indian realty touches USD 704 mn mark in Q2 2022

Mumbai: Private equity (PE) investment into Indian realty stood at USD 704 million, or about Rs 5,600 crore in second quarter of 2022, according to th...

NBFCs, HFCs securitisation volume doubled to Rs 33,000 cr in Q1FY23

Mumbai: A decent jump in credit demand can lead to higher securitisation volumes, originated mostly by NBFCs (Non-Banking Financial Companies) and HFC...

PE investment in Indian real estate expected to go up 11% to USD 6.9 bn in 2022

Mumbai: With better economic outlook in the country, private equity (PE) investment in India is expected to go up 11 percent to USD 6.9 billion in 202...

Raymond Grp company Ten X Realty to develop Rs 2k cr proj in Mumbai

Mumbai: One of the largest redevelopment projects in western suburbs of Mumbai will start very soon at Mhada’s Nirmal Nagar layout in Bandra. The proj...

BuildNext has raised USD 3.5 million in 'pre-series A' funding round

Mumbai: BuildNext, a Kochi-based startup, has raised USD 3.5 million in  'pre-series A' funding round which was led by Pidilite Industries. The startu...

CAG flags ‘poor utilization’ of income by Delhi's board for construction workers

New Delhi: The CAG has now highlighted ‘poor utilization’ of income by Building and Other Construction Workers Welfare Board for activities laid out i...

Officials of Bangalore Development Authority booked for Rs 100 cr fraud

Mumbai: Some officials of Bangalore Development Authority (BDA) have been booked by police for swapping an expensive piece of land acquired by the BDA...

Yet another fraud by iBall comes to light

Mumbai: In yet another fraud committed by IT and electronics company iBall, a customer has been cheated after he bought a ‘iBall Excelance’ laptop in...

How to Manage Home Loan EMI In Rising Rate Regime

The all time low interest rate regime in the country has ended and key rates are on upward move, making EMIs for home and other loans to go up. In two...

B'lore, Delhi, Hyd, Mumbai rank among top 20 in APAC for 'green" CRE development

Mumbai: Four Indian cities – Bengaluru, Delhi, Hyderabad and Mumbai – have ranked among the top 20 in Asia Pacific for compliance with the sustainabil...

Haryana to issue property IDs for curb illegal occupation

Mumbai: Haryana government is planning to issue property IDs for curb illegal occupation and other unlawful, activities. These would be issued for pro...

Brigade Grp signs JDA for Chennai proj, eyes Rs 1,500 cr revenues

Mumbai: Realty player Brigade Grp has signed an agreement to build a housing project in Chennai with about Rs 1,500 crore worth of expected revenues i...

PropShare raises Rs 367 crore in Series B funding

Mumbai: Real estate startup PropShare has rasied Rs 367 crore (USD 47 million) in Series B funding led by WestBridge Capital. Existing investor Praveg...

Delhi govt now starts putting land data online to curb fraud

Mumbai: As the number of cases of public land being secretly transferred in the name of private persons and companies, Delhi government has now puttin...

Ashiana Housing, Lohia Jain Grp join hands for housing proj in Pune

Mumbai: Ashiana Housing has joined hands with Pune-based Lohia Jain Grp to develop a project ‘Ashiana Malhar’ in Pune’s Hinjawadi region. The project...

Proptech startup Huspy gets USD37mn funding

Mumbai: Founders Fund has now made its maiden investment in West Asia by putting money in UAE-based Huspy, a proptech startup. This USD 37 million Ser...

HDFC sells 4.35 lakh pledged shares of Ansal Housing to recover dues

Mumbai: HDFC has now sold about 4.35 shares of beleauguered Ansal Housing to recover its dues. HDFC had earlier invoked around 50 lakh pledged shares...

Proptech startup Settlin raises USD 1 million in pre-series A round

Mumbai: Proptech startup Settlin has raised USD 1 million in pre-series A round from Rajesh Sawhney-founded GSF Fund, Powerhouse Ventures and marquee...

LIC Housing Finance Ltd hikes lending rates by as much as 60 basis points

Mumbai: LIC Housing Finance Ltd (LIC HFL) has hiked the benchmark Prime Lending Rate (LHPLR) by as much as 60 basis points which will make home loans...

IDBI to sell off properties of Great Indian Tamasha Company

Mumbai: Various properties belonging to Great Indian Tamasha Company, which is the corporate guarantor of Great Indian Nautanki Company, have now been...

Xanadu inks pact with True Blue Realty for Bengaluru proj

Mumbai: Xanadu, a real estate tech business enabler company, has partnered with True Blue Realty Pvt Ltd for their project ‘True Blue Napa Valley’ in...

CREDA, MoHUA joining hands to upskill construction workers

Mumbai: Real estate industry body CREDAI is joining hands with the Ministry of Housing and Urban Affairs (MoHUA) and the National Skill Development Co...

South Indian Bank hikes MCLR by up to 20 bps

Mumbai: South Indian Bank, in line with other banks, has hiked the marginal cost of funds based lending rates by up to 20 basis points for various ten...

RLDA invites tenders for leasing a land in Bangalore for commercial development

Mumbai: Rail Land Development Authority (RLDA) has now invited tenders for leasing a land parcel measuring 8.6 acre in Cantonment Railway Colony- Bang...

Crime Branch’s Economic Offences Wing (EOW) arrests builder for cheating home buyer

Mumbai: Crime Branch’s Economic Offences Wing (EOW) has arrested Amaresh Chandra Sarangi, proprietor of Sadangi Traders in Bhubaneswar, for allegedly...

REA India ranks among the top 3 e-com company to work for

Mumbai: Realty firm REA India has been ranked 21stamong ‘100 Best companies to work for in India’ by the Great Place to Work® Institute. REA India has...

NoBrokerHood app gets PCI DSS certification

Mumbai: NoBrokerHood, the society ‘Super App’ developed by real estate firm NoBroker has earned the highest level PCI DSS certification. This certific...

CIDCO secures financial backing of Rs 5,000 cr for its Mega Housing Proj

Mumbai: Residential real estate projects of City and Industrial Development Corporation (CIDCO) has got financial backing as it has inked an agreement...

20 lakh houses sanctioned for Andhra under PMAY: Union Housing Minister

Mumbai: Hardeep S Puri, Union Minister for Housing & Urban Affairs, said on Sunday that of the 1.22 crore houses sanctioned across the country under t...

Property registrations in Hyderabad jump 1.5 times in May 2022

Mumbai: Hyderabad has seen about 1.5 times jump in property registrations in May this year as compared to May 2021. Around 6301 properties were regist...

NCLAT orders initiation of insolvency proceedings in only one project of Supertech Ltd

Mumbai: NCLAT has ordered initiation of insolvency proceedings in only one of the many residential projects of Supertech Ltd and spared the entire com...

IIFL Finance Ltd to pick up 20% equity in ADIA for Rs 2,200 cr

Mumbai: IIFL Finance Ltd has said that its wholly-owned subsidiary- IIFL Home Finance Ltd- has signed agreements for raising as much as Rs 2,200 crore...

DDA opens 90 day window for applications under land pooling policy

Mumbai: Delhi Development Authority (DDA) has opened a 90 day window to receive more applications under its land pooling policy, a DDA official said....

Home and other loans to become expensive as RBI hikes Repo Rate by 50 bps

Mumbai: Reserve Bank of India (RBI) has hiked the Repo Rate by as much as 50 bps to 4.90 percent from 4.4 percent earlier. This increase in rate comes...

Max Estates Ltd o buy 100% equity in Accord Hotels and Resorts for Rs 306 cr for developing Noida proj

Mumbai: MaxVIL Group company Max Estates Ltd has said it will buy 100 percent equity in Accord Hotels and Resorts for Rs 306 crore.  After the acquisi...

Property prices in Mumbai set to rise: MCHI

Mumbai: Property prices in Mumbai are most likely to go up significantly in the coming months. As per Maharashtra Chamber of Housing Industry (MCHI) a...

SIPCOT starts work on creating land bank of 45,000 acres

Mumbai: The state industries promotion corporation of Tamil Nadu (SIPCOT) has started work on creating a land bank of as much as 45,000 acres in comin...

Info Edge buys controlling stake in Rahul Yadav's proptech startup

Mumbai: Naukri.com’s parent company Info Edge has bought controlling stake in 4B Networks, a proptech firm started by former founder of Housing.com Ra...

Home prices in India expected to go up at sizzling pace: Reuters

Mumbai: Home prices in India are expected to go up at a fairly high pace, according to a poll conducted by Reuters with property analysts. These exper...

Property registrations in Mumbai zooms 78% in May 2022

Mumbai: Registrations of property in Mumbai went up by a massive 78 percent in May 2022 as compared just 9,523 units in May 2021, according to a repor...

Omaxe Ltd clocks net loss of Rs 37 cr in Q4Fy22

Mumbai: Omaxe Ltd has clocked a net loss of Rs 37 crore in the fourth quarter of last fiscal as compared to a net profit of Rs 0.54 crore in the corre...

Puravankara Ltd records net loss of Rs 20 cr for Q4FY22, total income also falls

Mumbai: Real estate player Puravankara Ltd has recorded a consolidated net loss of Rs 20 crore for the fourth quarter ended March 2022. It had clocked...

Oberoi Realty registers 19% fall in net profit at Rs 233 cr for Q4FY22

Mumbai: Oberoi Realty Ltd registered 19 percent fall in consolidated net profit at Rs 233 crore for the fourth quarter of the previous fiscal as compa...

Home Loan EMIs, apart from others, expected to go up as RBI hikes Repo Rate by 40 basis points

Mumbai: Home Loan EMIs, apart from others, are expected to go up soon as the Reserve Bank of India (RBI) today hiked Repo Rate by 40 basis point and a...

Mahindra Lifespace Developers to buy 9.24 acre land in Mumbai for Rs 365 cr

Mumbai: Mahindra Lifespace Developers is planning to buy 9.24 acre land in Mumbai’s Kandivali from parent company Mahindra & Mahindra for realty devel...

Homeloan rates to remain same as RBI keeps repo, reverse repo unchanged

New Delhi: RBI (Reserve Bank of India) has kept the key Repo Rate unchanged at 4 percent today in its bi-monthly review of the monetary policy. This i...

Godrej Properties decides against investing Rs 400 cr in troubled DB Realty

Mumbai: Godrej Properties Ltd’s board of management has decided against going ahead with its  plan to put in Rs 400 crore to pick up 10 percent stake...

Godrej Properties Ltd clock lower sales in Q3FY22

Mumbai: Godrej Properties Ltd sales booking in terms of area has fallen in the latest quarter ending 31 Dec 2021. The company could manage sales booki...

DLF Ltd clocked 15% drop net profit at Rs 379 cr for Q3FY22

New Delhi: Realty player DLF Ltd has clocked 15 percent fall in consolidated net profit at Rs 379 crore for the third quarter ended 31 December 2021 a...

Lucknow Development Authority offers commercial plots near International Stadium for sale

New Delhi: Lucknow Development Authority (LDA) has now started to offer plots near International Stadium in the city for sale. The plots will be used...

Housing.com ties up with Loom Solar for solar rooftop solutions

New Delhi: Property portal Housing.com has started ‘Solar Rooftop’ under which it will offer solar rooftop solution for home sand has tied up with ‘Lo...

Kolte-Patil reports 77% jump in sales bookings at Rs 561 cr

New Delhi: Kolte-Patil Developers Ltd (KPDL) has reported 77 percent jump in sales bookings at Rs 561 crore for quarter ended December 2021. The sales...

Residential plots fetch more returns than apartments: Housing.com Report

New Delhi: Residential land continues to be better investment as compared to buying apartments. According to a recent report by by Housing.com, plots...

Blockchain is redefining realty: Waqas- AqarChain

By-Waqas Nakwa, CEO, AqarChain  The real estate industry is acknowledging the revolutionary impact of blockchain technology in terms of generating ad...

Lodha Grp registers pre-sales of Rs 4,500 cr in Q3FY22

New Delhi: Realty player Lodha Grp registered pre-sales of Rs 4,500 crore in the third quarter ended 31 December 2021. The company had pre sales of Rs...

Beleaguered Lavasa project finally goes to Darwin Platform Grp

New Delhi: Darwin Platform new and revised bid of Rs 1,814-crore to acquire smart city project near Pune by Lavasa Corporation has now been approved b...

Tech-driven Real Estate Broker Aggregation Is The Need Of The Hour

--By-Tushar Shrivastava, Co-founder & CTO, PropertyPistol.com Technology has played a key role in bridging the gap posed by COVID-19 induced challeng...

Housing.com to commence operations in Coimbatore, Vizag

New Delhi: Real estate portal Housing.com is launching its operations in Coimbatore and Vizag, in line with its business expansion plans in Southern I...

HDFC invokes 50 lakh pledged shares of Ansal Housing

New Delhi: HDFC has invoked the pledge on as many as 50 lakh shares of beleaguered Ansal Housing Ltd (AHL). This is about 8.42 percent of AHL’s paid-u...

All factors juxtaposing to take realty to a new high in 2022: Dhaval-Ajmera Realty

--By- Dhaval Ajmera, Director, Ajmera Realty Group The Indian real estate sector saw a significant bounce back from the aftermath of Covid-19. The in...

How real estate industry fared in 2021- Ashish-PropertyPistol.com

--By- Ashish Narain Agarwal, Founder & CEO, PropertyPistol.com There are many not-so-good memories that will be etched in the history of 2021 and the...

Godrej Properties inks pact with TDI Grp a housing proj

Mumbai: Godrej Properties Ltd has inked a joint venture pact with TDI Grp for the development of a luxury housing project in Delhi’s Connaught Place. ...

Role of PropTech in Enabling Growth of Real Estate: Honeyy-Investors Clinic

--By-Honeyy Katiyal, Founder of Investors Clinic The Covid-19 pandemic has disrupted the real estate industry, not just in terms of challenges but al...

NCLT orders insolvency proceedings against MGF Developments

New Delhi: Beleaguered realty player MGF Developments will now undergo insolvency proceedings with the National Company Law Tribunal ordering the same...

Shriram Properties looks to raise Rs 700 cr through IPO

New Delhi: Shriram Properties is aiming at Rs 700 crore public listing next month, according to a source. The public issue will happen in the second w...

8 storey Enemy Property in Kolkata raided and sealed

Kolkata: An eight-storey Enemy Property building in central part of Kolkata has been raided and sealed by officials of Custodian of Enemy Property for...

Housing.com will now provide legal assistance to its customers through pact with online legal startups

New Delhi: Property portal Housing.com will now provide legal assistance to its customers. The portal will offer legal advice from legal experts acros...

Realty market in India expected to grow at 75% Y on Y for nxt 3 years

New Delhi: The real estate market in India is expected to grow at 75 percent year on year for the coming three years, according to a report by Infomer...

NoBroker raises USD 210 million in Series-E funding

New Delhi: Real estate services company NoBroker has raised USD 210 million in its Series-E funding sequence led by Tiger Global Management, General A...

Macrotech Developers Ltd to raise Rs 3,000-4,000 via QIP

New Delhi: Macrotech Developers Ltd has announced a Qualified Institutional Placement (QIP)) to raise around Rs 3,000-4,000 crore through share sale....

D B Realty’s net loss jumps multiple times at Rs 353 cr for Q2FY22

New Delhi: D B Realty’s consolidated net loss jumped multiple times at Rs 353 crore for the quarter ended September as compared to Rs 59 crore in the...

Ansal Housing’s net loss widens to Rs 13 cr for Q2FY22

New Delhi: Ansal Housing’s consolidated net loss has widened to Rs 13 crore for the quarter ended September as compared to a net loss of Rs 10 crore i...

Omaxe Ltd clocks net loss of Rs 42 cr for Q2FY22

New Delhi: Omaxe Ltd today reported a consolidated net loss of Rs 42 crore for the second quarter of the current fiscal as compared to Rs 77 crore in...

Ajmera Realty clocks 34% jump in net profit at Rs 11.45 cr for Q2FY22

New Delhi: Ajmera Realty today reported a 34 percet jump in consolidated net profit at Rs 11.45 crore for the second quarter of the current fiscal as...

Home sales jumped 86% in Q3 2021

New Delhi: Home sales increased 86 percent to 50,000 units in the third quarter of the current calendar year (Q3 2021) as compared to the same quarerv...

Sobha Ltd’s net profit jumps 165% at Rs 45 cr for Q2FY22

New Delhi: Realty player Sobha Ltd’s profit after tax jumped 165 percent to Rs 45 crore for the second quarter of the current fiscal as compared to Rs...

Colliers launches tech platform for remote monitoring of projects

New Delhi: Colliers today announced launch of its tech platform ‘CoGence’, an Artificial Intelligence driven platform which enables remote monitoring...

Oberoi Realty’s operating margin, net profit margin falls in H1FY22

Mumbai: Oberoi Realty’s operating margin has fallen to 47.95 percent in the first half of the ongoing fiscal as compared to 56.31 percent in the same...

DLF Ltd’s net profit jumps 66% at Rs 378 cr in Q2FY22

New Delhi: Realty player DLF Ltd’s consolidated net profit jumped 66 percent at Rs 378 crore for the second quarter ended September 2021 as compared t...

Significant part of unsold inventory has been sold off: Navdeep-Elite Land Base

The large real estate players will expand their footprint across the country, says Navdeep Sardana, CMD, Elite Land Base. In an exclusive interview wi...

Housing sector gets a push as people adapt to ‘Me’ and ‘We’ spaces: Amar-TARC

By--Amar Sarin is Managing Director and CEO of TARC Ltd. The year 2020has transformed the way we work, and also the way we live. Companies irrespecti...

Indiabulls Real Estate Ltd net profit at Rs 5.6 cr, Sameer Gehlaut resigns

New Delhi: Indiabulls Real Estate Ltd has recorded a consolidated net profit of Rs 5.6 crore for the second quarter ended September 2021 and also anno...

Institutional investments worth Rs 22,000 cr recorded in 9 months of 2021

New Delhi: The institutional investments worth about Rs 22,000 crore were recorded in first nine months of the current calendar year with a 17 percent...

Sales revenues of the paint companies in India will jump 10-12 percent

Sales revenues of the paint companies in India will jump 10-12 percent as there is improving buyer sentiment and greater economic recovery, according...

Dynamic finance options for homebuyers in dynamic environment: Ashwinder-Bhartiya Urban

--By-Ashwinder R Singh, CEO-Residential- Bhartiya Urban, and Bestselling author Buying a home tops the list of aspirations for most of the Indians si...

Homeville raises Rs 50 cr from 9 startups

Mumbai: Housing finance player Homeville has raised Rs 50 crore from a clutch of start-ups like Varanium NexGen Fund, JITOAngel Network, CREDAIMembers...

Housing.com starts operations in Lucknow, Chandigarh and Jaipur

New Delhi: Property portal Housing.com is launching its operations in Lucknow, Chandigarh and Jaipur.  Amit Masaldan, Business Head, Housing.com, sai...

Casagrand is planning to come out with IPO early next year

New Delhi: Real estate player Casagrand is planning to come out with its IPO early next year, MD of the company Arun Mn said.  JM and Motialal Oswal ...

International real estate investment in India to touch 18,000 cr in 2022

New Delhi: International real estate investment in India is likely to reach 18,000 crore (USD 2.5 billion) in 2022, according to Knight Frank. Shishi...

150 builders from 12 cities to participate in Hosuing.com's property fest

New Delhi: Property portal Housing.com will organize 5th edition of its annual event-Mega Home Utsav 2021 from 1st October to 31st October 2021. It wi...

Tech Has Revolutionized Construction Industry: Ashwinder-Bhartiya Urban

--By Ashwinder R Singh, CEO-Residential, Bhartiya Urban & Best selling author Visualize it. It is year 2000.Google has announced the launch of Adword...

Evolutions in Facility Management Industry: Deepak-PSIPL

--By Deepak Shanbhag, CEO, PSIPL. The economic reforms in the ’90s led to a tectonic shift in business mindset, from customer needs to client satisfa...

Trehan Group to invest Rs 250 cr in new project in Gurugram

New Delhi: Realty player Trehan Group will invest Rs 250 crore in a high end luxury independent floors project comprising of 320 units in Gurugram. T...

Quest for homeownership amid covid will drive housing demand: Anuj-ANAROCK

While there are developers who have increased property prices on account of rising input costs, there are many who still continue to offer deals and d...

Gap between demand-supply will help realty market to see upward trend: Ankur-Ashiana Housing

The affordability has increased in the real estate market due to lower interest rates. The gap between the demand-supply will help market to see an up...

Elara Technologies rebrands itself as REA India

New Delhi: Elara Technologies, owner and operator of property portals Housing.com, PropTiger.com and Makaan.com, has now officially become ‘REA India’...

Axis Ecorp to invest Rs 40 cr in new project in Goa

New Delhi: Realty player Axis Ecorp will invest Rs 40 cr in its new project ‘Axis Lake City’ in Goa. Based on built-to-suit concept, the project will...

Realty industry at inflection point, could potentially see explosive growth- Vineet- Kohinoor Grp

--By- Vineet Goyal Jt. Managing Director, Kohinoor Group The real estate industry has been through several boom and gloom in the past two decades. Wi...

Lee Polisano joins board of Lodha Group

New Delhi: Mumbai-based Lodha Group has announced the appointment of Lee Polisano as an Independent Director on the board of the company.  Abhishek L...

Top Safety Features To Consider Before Buying Home-Amandeep-Godrej Properties

By--Amandeep Singh, Zonal CEO- East, West, Godrej Properties Ltd. As the Indian real estate industry evolves through an acclimated economy, homebuyer...

Top 5 Trends In Realty Sector After Covid- Ashwinder, Bhartiya Urban

By--Ashwinder R Singh, CEO, Residential , Bhartiya Urban At the heart of every business is consumer behaviour. Consumer behaviour patterns are respon...

DeMO, GST Stagnated Realty Growth, Now Time For Course Correction by Govt-Divakar-DNA Ventures

--By Divaker Bhalla, CEO- DNA Ventures Pvt Ltd Real estate plays a dominant role in the country's economic prosperity. Presently contributing 6-7% to...

Puravankara Ltd plans to launch half of new projects in affordable category

Bengaluru: Real estate developer Puravankara Ltd is focusing big on the affordable housing category with about half of its new launches scheduled to f...

Square Yards launches ‘Zero Deposit’ program for property renters

Gurugram: Property brokerage firm Square Yards has now launched a ‘Zero Deposit’ programme for property renters under which provides a kind of guarant...

Impact of Covid 19 on commercial real estate in India: Sachin- Investors Clinic

--By Sachin Arora, Director of Investors Clinic Covid has hit majorly across sectors and businesses in the country. Construction, consumer durables,...

Plotted development division of Puravanaka Ltd plans to launch of 38 lakh sq ft worth of projects

Bengaluru: Purva Land, the plotted development business of realty firm Puravanaka Ltd, is planning to launch of 38 lakh square feet worth of projects...

Sobha Ltd clocks 73% jump in net profit at Rs 11.4 cr for Q1FY22

Noida: Realty firm Sobha Ltd clocked 73 percent jump in consolidated net profit at Rs 11.4 crore for the first quarter of the current fiscal as compar...

NBCC India's net profit jumps many-fold at Rs 37 cr for Q1FY22

Noida: NBCC India has clocked 261 percent jump in consolidated net profit in the first quarter of the current fiscal at Rs 37 crore as compared to Rs...

Omaxe Ltd clocks net loss of Rs 44 cr for Q1FY22

New Delhi: Realty player Omaxe Ltd clocked a consolidated net loss of Rs 44 crore for the first quarter of the ongoing fiscal as compared to a net los...

MaxVIL net profit jumps three-fold at Rs 46 cr for Q1FY22

Noida: Max Ventures & Industries Ltd’s (MaxVIL) net profit jumped more than three-fold at Rs 46 crore for the first quarter of the ongoing fiscal as c...

Emami Realty clocks Rs 1 cr net profit for Q1FY22

Noida: Emami Realty Ltd has clocked Rs 1 crore as net profit for the first quarter of the current fiscal as compared to a net loss of Rs 8 crore in th...

Puravankara Ltd clocks net profit of Rs 155 cr for Q1FY22

Noida: Bengaluru based Puravankara Ltd clocked a net profit of Rs 155 crore for the first quarter of the current fiscal as compared to a net loss of R...

Prestige Estates Projects' net profit jumps may-fold at Rs 93 cr for Q1FY22

New Delhi: Prestige Estates Projects has registered many-fold jump in its consolidated net profit at Rs 93 crore for the first quarter of the current...

Jaiprakash Associates narrows its net loss at Rs 293 cr for Q1FY22

New Delhi:Infra player Jaiprakash Associates narrowed its consolidated net loss at Rs 293 crore for the first quarter of the current fiscal as compare...

Arvind SmartSpaces clocks net profit of Rs 2.49 cr for Q1FY22

Noida: Arvind SmartSpaces clocked a consolidated net profit of Rs 2.49 crore for the first quarter of the current fiscal as compared to a loss of Rs 4...

Piramal Enterprises net profit goes up 7% at Rs 534 cr for Q1FY22

Noida: Piramal Enterprises consolidated net profit increased 7 percent at Rs 534 crore for the first quarter of the current fiscal as compared to a ne...

Brigade Enterprises widens its net loss at Rs 86 cr for Q1Fy22

New Delhi: Bengaluru-based Brigade Enterprises widened its consolidated net loss of Rs 86 crore for the first quarter of the current fiscal as compare...

Indiabulls Housing Finance’s net profit increases to Rs 82 cr for Q1FY22

Noida: Indiabulls Housing Finance’s consolidated net profit increased marginally at Rs 82 crore for the first quarter of the current fiscal as compare...

Square Yards's gross profit jumps 14% to Rs 32 cr for Q1FY22

Noida: Property brokerage house Square Yards announced its gross profit jumped 14 percent to Rs 32 crore for the first quarter of the current fiscal a...

MRG World to invest Rs 350 cr in new housing project in Gurugram

Noida: Realty player MRG World will invest Rs 350 crore in its affordable housing project in ‘The Skyline’ at sector 106 in Gurugram. The project will...

PNB Housing Finance’s net profit falls 5% to Rs 243 cr for Q1FY22

New Delhi: PNB Housing Finance’s consolidated net profit fell 5 percent to Rs 243 crore for the first quarter of the current fiscal as compared to a n...

Godrej Properties clocks net profit of Rs 17 cr for Q1FY22, exits Ambernath proj

Noida: Mumbai-based Godrej Properties Ltd (GPL) has clocked a consolidated net profit of Rs 17 crore for the first quarter of the ongoing fiscal as co...

Is Ekodus Technologies most fraud firm of Guwahati?

Noida: Guwahati based company Ekodus Technologies Pvt Ltd has now been mired in negativity with plenty of allegations of fraud against it. The company...

Ajmera Realty’s net profit jumps multi-fold at Rs 10.26 cr for Q1FY22

New Delhi: Ajmera Realty & Infra’s consolidated net profit jumped multi-fold at Rs 10.26 crore for the first quarter of the ongoing fiscal as compared...

Colliers India appoints Viren Mehta as MD-Office Services, Gujarat

New Delhi: Colliers India has appointed Viren Mehta as Managing Director-Office Services, Gujarat.  Mehta will be based in Ahmedabad and will look af...

This huge bank waives off processing fee for home loans for Aug

New Delhi: There is good news for those who are looking to avail home loans soon. The largest bank of the country State Bank of India has waived off t...

Sunteck Realty clocks net profit of Rs 3 cr in Q1FY22

New Delhi: Sunteck Realty has clocked consolidated net profit of Rs 3.02 crore in the first quarter of the ongoing fiscal as compared to a net loss of...

Lodha Grp clocks net profit of Rs 161 cr for Q1FY22

New Delhi: Lodha Group, now named Macrotech Developers, has clocked a net profit of Rs 161 crore for the first quarter of the current fiscal as compar...

Oberoi Realty's net profit jumps more than 2 fold at Rs 81 cr for Q1FY22

New Delhi: Mumbai-based Oberoi Realty Ltd’s consolidated net profit jumped more than two fold at Rs 81 crore for the first quarter of the ongoing fisc...

Housing sales expected to jump 20-35% in ongoing monsoons: JLL

New Delhi: The housing sales in the country is expected to jump 20-35 percent in the ongoing monsoons as the macroeconomic factors in the rainy season...

Mahindra Lifespace Developers narrows net loss at Rs 14 cr for Q1FY22

New Delhi: Mahindra Lifespace Developers Ltd has narrowed the consolidated net loss of Rs 14 crore for the first quarter of the current fiscal as comp...

DLF Ltd’s standalone net profit at Rs 269 cr for Q1FY22

New Delhi: DLF Ltd’s standalone net profit stood at Rs 269 crore for the first quarter of the current fiscal as compared to a net loss of Rs 40 crore...

DLF Ltd clocks net profit of Rs 337 cr for Q1FY22

New Delhi: DLF Ltd clocked a consolidated net profit of Rs 337 crore for the first quarter of the current fiscal as compared to a net loss of Rs 72 cr...

Rs 1.3 lakh cr loans by banks, NBFCs to realty sector "severely stress"

New Delhi: Around Rs 1.3 lakh crore of money lent by banks and NBFCs to the realty sector presently is under “severe stress”.  There has been high le...

Prices of plots, flats goes up sharply in Hyderabad

New Delhi: The purchase of plots and flats will now cost much more in Hyderabad. The new (revised) market value for agri-lands has been fixed at Rs 75...

Realty market sentiment goes down severely as corona bites

New Delhi: The realty market sentiment has gone down severely, from 57 in the first quarter of 2021 to just 35 in the second quarter of 2021, accordin...

Arihant Superstructures clocks net profit of Rs 8.28 cr in Q1FY22

New Delhi: Mumbai-based Arihant Superstructures has clocked a consolidated net profit of Rs 8.28 crore in the first quarter of the ongoing fiscal. The...

Colliers appoints Ramesh Nair as CEO-India & MD-Market Development for Asia

New Delhi: Colliers today announced the appointment of Ramesh Nair as CEO for India and Managing Director, Market Development for Asia. Ramesh was CEO...

ASK Property Investment Advisors plans to raise Rs 1,000 cr realty fund

New Delhi: ASK Property Investment Advisors, the realty PE arm of the ASK Grp, is planning to raise around Rs 1,000 crore by way of its new ASK Real E...

Kolte-Patil Developers joins hands with global proptech player Planet Smart City to build 15,000 homes

New Delhi: Pune-based realty player Kolte-Patil Developers has set up a residential development platform with a global leader in affordable housing Pl...

Real estate sector was more prepared in second wave: Sachin-Rise Infra

The The vaccination drive is also instilling confidence in people as more than 5% of the population have been fully vaccinated, says Sachin Gawri, CEO...

Pandemic shaves off 20% headcount of Oberoi Realty last fiscal

New Delhi: Mumbai-based Oberoi Realty’s permanent employees count stood at 636 at the end of last fiscal ended 31 March 2021 as compared to 792 at the...

Sunteck Realty in its new avatar 'Sunteck 3.0' to focus only on JDAs

New Delhi: Mumbai-based Sunteck Realty plans to don a new avatar ‘Sunteck 3.0’ where it will focus primarily on JDAs and buy land only when it there i...

CIDCO to auction 203 land parcels

New Delhi: Maharashtra government’s CIDCO (City and Industrial Development Corporation) is about to auction as many as 203 residential cum commercial...

Suntech Realty aims to pre-pay Rs 250 cr construction premium between Oct-Dec

New Delhi: Mumbai-based realty player Suntech Realty Ltd aims to exploit the opportunities offered by the Maharashtra government by pre-paying constru...

Macrotech Developers (Lodha) clocks pre-sales of Rs 957 cr in Q1FY22

New Delhi: Lodha Grp, now renamed as Macrotech Developers Ltd, has registered pre-sales of Rs 957 crore in April-June quarter, a decline of 62 percent...

Sobha Ltd's sales bookings jump 40% to Rs 683 cr in Q1FY22

New Delhi: Realty player Sobha Ltd's sales bookings jumped 40 percent to Rs 683 crore for the first quarter (Q1) of the current fiscal as compared to...

MigSun Group – Taking Indian Infrastructure to New Global heights

(Advertorial) Migsun Group found its humble establishment around 3 decades ago as a brainchild of Sunil Miglani, the current chairman and CMD of the...

Furlenco raises Rs 1,000 cr from Zinnia Global Fund

New Delhi: Furniture rental player Furlenco has raised Rs 1,000 crore through a mix of equity and debt from Zinnia Global Fund. Some of the current in...

YEIDA increases land rates by 5%

New Delhi: In a move which may prove to be a double whammy for home buyers and real estate companies in corona times, the YEIDA has increased land rat...

Waste Management: A Net Zero Perspective

By--Rajesh Shetty, MD, Real Estate Management Services (India) and Imran Khan, Associate Director, Real Estate Management Services (Pune) at Colliers....

Four Years of GST: Some Hits, Some Misses for Realty

BY-Vikas Wadhawan, Group CFO, Housing.com, Makaan.com & Proptiger.com With the heralding of a new tax regime in the country in the form of Goods & se...

Sunteck Realty clocks net profit of Rs 10.4 cr for Q4FY21

New Delhi: Sunteck Realty Ltd (SRL) clocked a consolidated net profit of Rs 10.4 crore for the fourth quarter of the last fiscal as compared to net lo...

Emami Realty narrows net loss at Rs 12.50 cr for Q4FY21

New Delhi: Emami Realty has narrowed its consolidated net loss at Rs 12.50 crore for the fourth quarter of the last fiscal as compared to a net loss o...

Parsvnath Developers Ltd’s net loss jumps 76% at Rs 109 cr for Q4FY21

New Delhi: Realty player Parsvnath Developers Ltd’s consolidated net loss jumped 76 percent at Rs 109 crore in the fourth quarter of the last fiscal a...

Godrej Industries hikes its stake in Godrej Properties

New Delhi: Godrej Properties Ltd’s parent company Godrej Industries has hiked its holding in the realty company by purchasing 2.53 percent stake. The...

Talangana to hike property registry fees by up to 5 times

New Delhi: The registration charges for various types of properties can up sharply in Telangana very soon. The registration fees can go up between 30...

Omaxe Ltd's net loss jumps more than two-fold to Rs 235 cr for FY21

New Delhi: Realty player Omaxe Ltd earned a consolidated net profit of Rs 0.54 crore in the fourth quarter of the last fiscal as compared to a net los...

Puravankara Ltd clocks net profit of Rs 8.75 cr in Q4FY21, suffers full year loss

New Delhi: Bengaluru-based Puravankara Ltd has registered many-fold jump in consolidated net profit of Rs 8.75 crore for the fourth quarter of the las...

Fee for sanctioning of building plans in Karnataka slashed

New Delhi: Karnataka Government has cut the fee decided last year for sanctioning of building plans for residential properties from 0.5 percent per sq...

Jaiprakash Associates' net profit declines 86% at Rs 424 cr for Q4FY21

New Delhi: Jaiprakash Associates Ltd’s consolidated net profit declined 86 percent at Rs 424 crore for the fourth quarter of the last fiscal as compar...

Adani Cement to have this much capacity in its maiden plant

New Delhi: Adani Group is foraying into cement manufacturing and planning to establish its maiden cement plant in Maharashtra with a capacity of 5 mil...

Proptiger.com launches new virtual platform

New Delhi: Real estate portal Proptiger.com has launched virtual platform - https://direct.proptiger.com that will cater to eight major cities in the...

Pune’s gets institutional investments of Rs 9,600 cr, student housing demand to grow 31% by 2023

New Delhi: Pune’s realty market received institutional investments of Rs 9,600 crore in the five-year period from 2015 to 2020 wherein office projects...

MaxVIL registers ten-fold jump in net profit at Rs 34 cr for Q4FY21, to foray into housing segment

New Delhi: Max Ventures & Industries Ltd has registered ten-fold jump in consolidated net profit at Rs 34 crore for the fourth quarter of the last fis...

DLF Ltd’s standalone net profit stands at Rs 411 cr for Q4FY21; full year net profit at Rs 1,076 cr

New Delhi: DLF Ltd’s standalone net profit stood at Rs 411 crore for the fourth quarter of the last fiscal as compared to a net loss of Rs 1,076 crore...

DLF Ltd’ clocks net profit of Rs 481 cr for Q4FY21, full year profit of Rs 1,094 cr

New Delhi: DLF Ltd’s consolidated net profit stood at Rs 481 crore for the fourth quarter of the last fiscal as compared to a net loss of Rs 1,858 cro...

95% of homebuyers have postponed buying house because of pandemic uncertainties

New Delhi: About 95 percent of the homebuyers in the country have postponed buying a house because of pandemic induced uncertainties. As many as 98 pe...

Energy Management In Construction Industry: A Net Zero Perspective

--By Rajesh Shetty, Managing Director, Real Estate Management Services (India) and Imran Khan, Associate Director, Real Estate Management Services (Pu...

Prestige Estates Projects Ltd’s net profit jumped many-fold to Rs 1,336 cr for Q4FY21

New Delhi: Bengaluru-based Prestige Estates Projects Ltd’s consolidated net profit jumped many-fold to Rs 1,336 crore for the fourth quarter of the la...

DHFL clocks net profit of Rs 97 cr for Q4FY21

New Delhi: Beleaguered Dewan Housing Finance Corporation clocked a consolidated net profit of Rs 97 crore for the last quarter of the last fiscal as c...

Oberoi Realty bleeding in some of its retail, hospitality & commercial projects

New Delhi: Mumbai-based Oberoi Realty is financially bleeding in some of its retail, hospitality and commercial projects. The operating revenues of th...

RBI announces setting up of separate liquidity window of Rs 15,000 cr for hospitality

New Delhi: Providing partial relief to the hospitality sector, the Reserve Bank of India today announced setting up of a separate liquidity window of...

RBI Keeps key rates unchanged

New Delhi: The repo rate has been kept unchanged at 4 percent by the RBI. In its bi-monthly review meeting, the Monetary Policy Committee of the RBI h...

So how will Model Tenancy Act really impact you?

  About 28 percent of urban India lived in rented houses, according to Census 2011. The number has gone upward over the last decade because of rapid...

Will construction sector in Maharashtra bounce back from 2nd wave?-Anil-Colliers

--By Anil Dwivedi, Deputy Managing Director, Project Management, Mid-India, Colliers Since the outbreak of COVID 19, the construction sector has been...

Big fillip to Realty: Govt approves Model Tenancy Act

New Delhi: The Union Cabinet has approved the Model Tenancy Act today. This Act will be circulated to all States and UTs for adoption. The Act aims to...

Singapore's GIC, The Phoenix Mills to invest in retail-led mixed use projects

New Delhi: Wealth fund GIC, backed by Singapore government, and Mumbai-based The Phoenix Mills have set up a partnership to start an investment platfo...

Oberoi Realty’s net profit jumps 14% to Rs 286 cr for Q4FY21

New Delhi: Mumbai-based Oberoi Realty’s consolidated net profit of the company jumped 14 percent to Rs 286 crore for the fourth quarter of the last fi...

Pandemic underlines need for healthy & active living solutions for elderly

By Ankur Gupta, Joint Managing Director, Ashiana Housing Till now, 1.8 percent of India's overall population has been reported to be affected by the...

Industry veteran Ashwinder R Singh launches book on realty sector

(Advertorial) New Delhi: A first-of-its-kind comprehensive book on real estate by Ashwinder R Singh, one of the acclaimed leaders in the Indian housi...

Top 5 Factors Single Ladies Must Consider Before Purchasing Property

--By Sunil Sisodiya, Founder and MD of Geetanjali Homestate Pvt Ltd Gone are the days, when women expected that the men in their day to day routines...

This housing finance company plans Rs 3,000 cr IPO, files DRHP

New Delhi: Despite the fierce second wave of corona, the stock market has not been impacted much in the country. Probably intending to take advantage...

The 5th, woody, anniversary of RERA: Abhay Upadhyay-FPCE

--By Abhay Upadhyay-President of Home Buyer's body FPCE The Real Estate (Regulation and Development) Act, 2016 (hereinafter RERA) was enacted with lo...

Embassy Office Parks REIT, tenants pool money to set up 69 ICU beds in govt hospitals

New Delhi: Bengaluru-based Embassy Office Parks REIT and its tenants have pooled about Rs 7.3 crore to set up 69 ICU beds in the city. The ICU beds h...

Colliers signs up for IGBC Mission on Net Zero for ESG

New Delhi: Property consultant Colliers has signed up for IGBC Mission on Net Zero for promoting environmental, social and corporate governance (ESG)...

Motilal Oswal Real Estate raises Rs 650 cr fund for mid-income/affordable housing projects

New Delhi: Motilal Oswal Real Estate has said it has raised Rs 650 crore for a PE fund which will be utilized for providing debt to mid-income/afforda...

Indiabulls Housing Finance’s net profit jumps 102% at Rs 276 cr in Q4FY21

New Delhi: Indiabulls Housing Finance’s net profit jumped 102 percent at Rs 276 crore for the quarter ended of the last fiscal as compared to Rs 137 c...

Godrej Properties expects "significant impact" on sales due to corona

New Delhi: Mumbai-based Godrej Properties Ltd (GPL) expects significant impact on sales in the current quarter due to the second wave of corona but ho...

A fourth of construction workers leave Godrej Properties’ project sites in corona 2nd wave

New Delhi: While the corona’s first wave caused construction workers to leave almost en-masse from real estate project sites, the current wave has cau...

Brigade Enterprises clocks Rs 20 cr net profit in Q4Fy21, net loss of Rs 96 cr in last fiscal

New Delhi: Brigade Enterprises’s has clocked Rs 20 crore consolidated net profit in the fourth quarter of the last fiscal as compared to a loss of Rs...

India's data center market will need USD3.7 billion investment by 2023

New Delhi: The data center market in the country will need an investment of about USD 3.7 billion in the coming three years for fulfillment of around...

Corona's second wave may delay completion of 4.22 lakh homes in 2021

New Delhi: The second wave of corona may delay the delivery of about 4.22 lakh homes that were scheduled to be completed by the end of 2021 in the top...

Kolte-Patil signs two new projects in Pune having saleable area of 13 lakh sq ft

New Delhi: Pune-based Kolte-Patil Developers Ltd has signed two new projects in Pune having a combined saleable area of 13 lakh square feet under deve...

Oberoi Realty’s net profit jumps 14% at Rs 287 cr in Q4FY21

New Delhi: Mumbai-based Oberoi Realty’s consolidated net profit jumped 14 percent in the fourth quarter of the last fiscal at Rs 287 crore as compared...

Mindspace Business Parks REIT clocks net operating income of Rs 358 cr for Q4FY21

New Delhi: Mindspace Business Parks REIT’s net operating income stood at Rs 358 crore for the fourth quarter of the last fiscal. Its portfolio size we...

Macrotech Developers net profit jumps 31% at Rs 312 cr for Q4FY21

New Delhi: Mumbai-based Macrotech Developers consolidated net profit jumped 31 percent at Rs 312 crore for the fourth quarter last fiscal as compared...

Mahindra Lifespace Developers’ net loss narrows to Rs 28 cr for Q4FY21

New Delhi: Mumbai-based Mahindra Lifespace Developers’ consolidated net loss narrowed to Rs 28 crore for the fourth quarter of the previous fiscal as...

Square Yards clocks 47% jump in revenues at Rs 123 cr for Q4FY21

New Delhi: Real estate brokerage house Square Yards has clocked 47 percent jump in revenue at Rs 123 crore for the fourth quarter of last fiscal as co...

Macrotech Developers’ sales bookings jumps 72% to Rs 2,013 cr in Q4Fy21

New Delhi: Mumbai-based Macrotech Developers’ sales bookings jumped 72 percent to Rs 2,013 crore in fourth quarter of the last fiscal as compared to R...

Godrej Properties to launch projects comprising 12.26 mn sq ft in current fisc, 8.06 mn sq ft of launches “delayed”

New Delhi: Mumbai-based Godrej Properties Ltd (GPL) plans to launch new projects comprising 12.26 million square feet space in the ongoing fiscal, eve...

Home First Finance Company's net profit jumps multifold to Rs 31 cr in Q4FY21

New Delhi: Home First Finance Company saw a multifold jump in profit after tax at Rs 31 crore for the fourth quarter ended 31 March 2021 as compared t...

Godrej Properties suffers net loss of Rs 192 cr for Q4FY21

New Delhi: Mumbai-based Godrej Properties Ltd suffered a consolidated net loss of Rs 192 crore for the fourth quarter ended March 2021. The company ha...

5th Anniversary of RERA-Massive Number of brokers register with RERA

RERA was enacted in the first week of 2016. In its five years of existence, we look at how it has done so far: -As many as 30 states/UTs have establi...

Pandmic effect? SBI lowers home loan rates to almost historic low.

New Delhi: In a dramatic turns of its actions, State Bank of India has cut home loan interest rates which will now start from 6.7 percent. The new ra...

With WFH, there will be some impact on rentals also on the financials of the REITs: Vikas-Proptiger.com

Due to the ourbreak corona there will be some evolution in terms of how people will operate from office in the long run. In the short run, due to the...

Institutional investments jumps 21% in Indian realty in Q1 of 2121: JLL

New Delhi: The institutional investments jumped 21 percent at USD 922 million in the Indian real estate sector in the first quarter (January-March qua...

Karnataka imposes complete ban on construction activities during weekends

New Delhi: Karnataka has imposed a complete ban on all construction activities during the weekends, in line with weekend curfew in the state. "We hav...

Indiabulls Real Estate Ltd reports net profit of Rs 95 cr for Q4FY21

New Delhi: Indiabulls Real Estate Ltd reported a consolidated net profit of Rs 95 crore for the fourth quarter (January-March) of 2021, as compared to...

Sunteck Realty clocks 16% fall in sales bookings at Rs 1,022 cr in FY21

New Delhi: Mumbai-based Sunteck Realty has clocked 16 percent fall in its sales bookings which stood at Rs 1,022 crore in the last financial year 2020...

Bringing down the property circle rates at this point would have made more sense-Bhushan-Sumit Woods

Bringing down the property circle rates at this point would have made more sense, says Bhushan Nemlekar, Director, Sumit Woods Ltd. In an exclusive in...

How technology enables scale in construction

By Jayesh Rajpurohit, CEO & Co-Founder, Brick&Bolt Continuous changes in the interconnected forces like demographics, purchasing power, urbanisation,...

Macrotech Developers IPO, retail portion subscribed mere 24%, employees quota by paltry 8% on day 2

New Delhi: The IPO of Mumbai-based Macrotech Developers has witnessed a subscription of 33 percent, with investors bidding for 1.18 crore equity share...

IPO of Macrotech Developers subscribed 26% on day 1 of IPO, retail quota subscribed paltry 15%

New Delhi: The IPO of Macrotech Developers was subscribed to the extent of 26 percent on the first day of bidding today with the retail investor quota...

World Crest World Towers society sends notice to Lodha (Macrotech Developers) over property tax dispute

New Delhi: World Crest World Towers in Mumbai, country’s tallest housing complex, is engaged in a property tax dispute with Lodha Developers (now name...

"IPO of Macrotech Developers seems to be richly valued by the company. Other listed companies better for investment"

New Delhi: Mumbai-based Macrotech Developers Ltd, formerly Lodha Developers, is coming out with its Initial Public Offering (IPO) scheduled from 7-9 A...

Brookfield Asset Management to buy remaining stake in Brookfield Property Partners for $6.5 bn

New Delhi: Canada-based Brookfield Asset Management Inc said it is about to buy the remaining stake in its commercial realty business Brookfield Prope...

Godrej Properties gives exit to HDFC Property Fund in Godrej Realty Pvt Ltd

New Delhi: Godrej Properties Ltd (GPL) has increased its equity stake in Godrej Realty Pvt Ltd from 51 percent earlier to 100 percent now by purchasin...

DLF's CEO Rajeev Talwar retires

New Delhi: Realty player DLF Ltd’s CEO and whole time director Rajeev Talwar has retired with effect from 31 March 2021. “Further to our disclosure d...

Sunteck Realty acquires land in Mumbai for housing project; eyes Rs 1,750 cr revenues from the project

New Delhi: Mumbai-based Sunteck Realty Ltd has acquired 7 acre land at Borivali (West) in Mumbai for a luxury housing project which will have about 1...

DLF Ltd raises Rs 500 cr by way of issue of non convertible debentures

New Delhi: Realty player DLF Ltd has raised Rs 500 crore by way of issue of non convertible debentures (NCD).  The allotment committee of the company...

Gaurs Grp eyes Rs 1,800 revenues in current fiscal; to complete 11k flats of Amrapali in 36 months

New Delhi: Delhi-NCR based realty player Gaurs Group is expecting total revenues of around Rs 1,800 crore for the current financial year which has bee...

Indiabulls Real Estate promoters sell additional 4.4% stake

New Delhi: Promoters of Indiabulls Real Estate have sold off an additional 4.4 percent stake in the firm through open market transactions. These trans...

ICCPL bags ultra-luxury realty brand Central Park as client

(Advertorial) New Delhi: Pubic relations agency Integrated Centre for Consultancy Pvt Ltd (ICCPL)  has bagged the account of Central Park. a leading...

Square Yards acquires PropVR for undisclosed amt

New Delhi: Real estate brokerage house Square Yards has acquired artificial intelligence based platform PropVR, a company that is into making immersiv...

DLF Ltd will raise up to Rs 500 crore by way of NCD issuance

New Delhi: Realty player DLF Ltd will raise up to Rs 500 crore by way of NCD issuance. The finance committee, set up by the board directors of the co...

‘Stress Fund’ comes to the rescue of this realty player, 900 homebyers to get homes finally

New Delhi: The so called ‘Stress Fund’ or the Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund will arrange Rs 165 crore to Greater No...

Driving Operational Excellence In Property Mgmt Digitally-GS Tyagi-Colliers India 

BY--GS Tyagi, Senior Director, Real Estate Management Services (North India) at Colliers India Digital innovations invade all spheres of modern life...

HDFC Capital Advisors invests Rs 400 cr in ATS HomeKraft

New Delhi: HDFC’s subsidiary HDFC Capital Advisors has put in Rs 400 crore in realty player ATS HomeKraft.   The investment has been made through mez...

Indiabulls Housing Finance raises Rs 1,090 cr through FCCBs

New Delhi: Indiabulls Housing Finance Ltd has raised around Rs 1,090 crore (USD 150 million) by way of issue of foreign currency convertible bonds (FC...

Prestige Estates to sell 12 properties in 1st phase to Blackstone Grp

New Delhi: Bengaluru-based Prestige Estates Projects has inked definitive agreement with Blackstone Grp to sell off 12 assets or undertakings like com...

DLF may raise up to Rs 395 cr by way of issuance of debentures

New Delhi: Realty player DLF Ltd is planning to raise up to Rs 395 crore by the way of issuance of debentures. The proposal to raise money will be rai...

This realty firm to invest Rs 450 cr in 4 housing, commercial projects

New Delhi: Realty player Sushma Grp will invest Rs 450 crore in four residential and commercial projects in Kasauli and Zirakpur. Two projects are com...

Migsun Grp will invest Rs 500 cr in residential, commercial projects in Lucknow

New Delhi: Realty player Migsun Grp will make an investment of Rs 500 crore in residential and commercial projects in Lucknow. The residential project...

DLF Cyber City Developers completes acquisition of this project for Rs 779 cr

New Delhi: DLF Cyber City Developers Ltd, part of Delhi-based DLF Ltd, has now completed acquisition of about 52 percent stake in Fairleaf Real Estate...

Indiabulls Housing Finance gearing up to raise Rs 5,000 cr from securitization

New Delhi: Indiabulls Housing Finance is gearing up to raise up to Rs 5,000 crore from securitization in current quarter of the ongoing financial year...

DHFL registers massive net loss in Q3FY21

New Delhi: Beleaguered home finance company DHFL  registered consolidated net loss of Rs 13,095 crore in the third quarter of the current fiscal as co...

Parsvnath Developers’s net loss widens significantly for Q3FY21

New Delhi: Delhi-based realty player Parsvnath Developers Ltd’s consolidated net loss has widened at Rs 126 crore for the third quarter of the 2020-21...

Jaypee Infratech’s net loss widens in Q3FY21

New Delhi: Jaypee Infratech’s consolidated net loss has widened to Rs 472 crore for the quarter of the current fiscal as compared Rs 426 crore in the...

Prestige Estates Projects Ltd’s net profit tumbles to less than half in Q3FY21

New Delhi: Bengaluru-based Prestige Estates Projects Ltd’s consolidated net profit fell 59 percent at Rs 87 crore for the third quarter of the current...

Godrej Properties net profit goes down by more than half in Q3FY21

New Delhi: Mumbai-based Godrej Properties Ltd has reported a drop of 69 percent in net consolidated profit for the third quarter of the current fiscal...

Smart recovery in construction & infra component of IIP

New Delhi: The construction and infrastructure component of the IIP staged a magnificent recovery immediately after the lockdown was eased in the coun...

DLF Ltd’s standalone net profit plunges to half in Q3FY21

New Delhi: Realty player DLF Ltd’s standalone net profit halved to Rs 306 crore in the third quarter of the ongoing fiscal as compared to Rs 601 crore...

DLF Ltd reports 9% jump in net profit at Rs 449 cr for Q3FY21; CEO Rajeev Talwar to retire

New Delhi: Realty player DLF Ltd today reported a 9 percent jump in net profit at Rs 449 crore during the December quarter as compared to net profit o...

Mahindra Lifespace Developers slips into red, registers net loss of Rs 11 cr

New Delhi: Mumbai-based Mahindra Lifespace Developers Ltd registered a consolidated net loss of Rs 11 crore for the third quarter of the ongoing fisca...

Trends that will dominate realty industry in 2021

--By ManjuYagnik, Vice Chairperson, Nahar Group & Sr. VP-NAREDCO, Maharashtra West Indian Real Estate Market’s demand dynamics have evolved and chang...

Emaar India’s CEO Ajay Munot resigns abruptly

New Delhi: Realty player Emaar India’s CEO Ajay Munot has put in his papers. He had joined Emaar India in August 2019 only. Munot has resigned to “pu...

institutional investment in realty in 2020 almost equals 2019 levels but recovery narrow based: JLL

New Delhi: The institutional investment in realty industry in 2020 almost touched 2019 levels in the country at about USD 5-5.4 billion. The last qua...

Real estate trends to watch out for in 2021

--By Vishal Gupta - MD- Ashiana Housing Ltd The onslaught of the Covid-19 pandemic severely impacted many sectors including real estate which saw a n...

Promoters of Ruparel Grp offer to pick up 26% stake in Mehta Housing Fin

New Delhi: The promoters of Ruparel Grp have made an open offer to pick up 26 percent stake in Mehta Housing Finance. The promoters of Ruparel Grp wh...

Maharashtra realty market likely to become more robust: Mani Rangarajan, Group COO, Housing.com

By-- Mani Rangarajan, Group COO, Housing.com, Makaan.com & PropTiger.com The global pandemic has staggered the economy of the entire country. Now tha...

Ramesh Nair to quit JLL India, Radha Dhir to take over

New Delhi: Ramesh Nair, CEO of JLL India, is a demitting office to go after opportunities outside the company after a long stint. He will be succeeded...

After news of Piramal Grp bagging DHFL, share prices of the latter jump

New Delhi: After news of Piramal Group bagging DHFL, the shares of the troubled home finance company jumped almost 5 percent in morning trade on Tuesd...

Homebuyers’ expectations from Union Budget-FY 2021–22

BY--M S Shankar, General Secretary, Forum for People’s Collective Efforts (FPCE) The unprecedented pandemic has impacted severely the Homebuyers comm...

Buyers protest at Mahagun Grp’s office for alleged delay in possession of flats

New Delhi: Home buyers protested at realty player Mahagun Grp’s head quarter in sector 63 of Noida Sector for alleged delay in possession of apartment...

NCD, FD holders in DHFL may have to take Rs 50,000 cr haircut: 63 Moons

New Delhi: Brokerage house 63 Moons Technologies Ltd, which has lent Rs 200 crore to DHFL, has asked other FD and NCD holders to recover Rs 30,000 cro...

Update: Stress Fund (SWAMIH) & Corporate Insolvency Resolution Process cases

New Delhi: Here is an update on Corporate Insolvency Resolution Process cases and Alternate Investment Fund (AIF). 1 The stress fund, or the SWAMIH F...

Bonafide shareholders unlikely to get anything even after resolution of DHFL

New Delhi: Oaktree, Adani Grp and Piramal, the three bidders for scam-hit   and the DHFL, have valued the shares of the company at NIL, which means th...

Migsun Grp acquires stakes of HDFC, Ansal API in Greater Noida project

New Delhi: Realty player Migsun Grp has acquired stakes of HDFC and Ansal Properties & Infrastructure Ltd's in Ansal IT City Park (SEZ) Tech Zone loca...

Maha builders reaping windfall gains due to govt sops: Devendra Fadnavis

New Delhi: Former Maharashtra chief minister Devendra Fadnavis has now alleged that many builders were receiving “windfall gains” at the cost of the g...

Embassy REIT completely acquires Embassy TechVillage for Rs 9,700 cr

New Delhi: Embassy Office Parks REIT has now consummated the acquisition of IT park Embassy TechVillage in Bengaluru for about Rs 9,700 crore (USD1.3...

Indian realty see 30% jump in PE investment in 2021: Savills India

New Delhi: The Indian real estate industry is likely to see PE investment of about Rs 42,000 crore (USD 6 billion) in 2021, clocking 30 percent jump f...

Kolte-Patil Developers inks Rs 81 cr pact with UK developer for 4.9 acre plot in Pune

New Delhi: Pune’s realty player Kolte-Patil Developers Ltd (KDPL) has inked an agreement with UK-based realty firm Planet Smart City for joint develop...

Dubai's Emaar stops construction of new buildings

New Delhi: Emaar Properties, one of the largest realty players in Dubai, has stopped construction of new buildings as there has been an oversupply in...

RMZ sells 12.8m sq ft for Rs 14,000 cr to Brookefield

New Delhi: Realty player RMZ Corp has concluded sale of about 12.8 million square feet of 67 million square feet of its real estate assets for about R...

Absorption of Office space In 2021 should be at par with avg of last 10 yrs; avg co-working office sizes doubles in 2020

New Delhi: Net absorption of office space is likely to be at par in 2021 with the average of past 10 years of 30-31 million square feet.  Anarock Cha...

Cornerstone of Efficient Construction Mgmt: Indranil Basu-Colliers Intl India

--By Indranil Basu, Director, Project Management, South India at Colliers International. A construction Project presents an ever-changing landscape,...

ICCPL Founder makes it to 40 under 40 list of achievers in PR industry

(Advertorial) New Delhi: Dushyant Sinha, Founder of Integrated Centre for Consultancy Pvt Ltd (ICCPL) has made it to 40-under-40 List of achievers in...

PE arm of Godrej Properties may buy 1 mn sq ft commercial space in in Bengaluru from Puravankara

New Delhi: The PE arm of Mumbai-based Godrej Properties Ltd- Godrej Fund Management (GFM) is in final stages of discussion with another realty player...

Unitech Ltd’s net loss jumps 3 times at Rs 1,316 cr for Q4FY20; full year loss doubles at Rs 1,562 cr

New Delhi: Beleaguered realty player Unitech Ltd’s consolidated net loss jumped more than three times at Rs 1,316 crore for the fourth quarter (Jan-Ma...

Commercial realty in Hyd jumps 172% in transaction volumes in 5 yrs

New Delhi: The commercial real estate segment in Hyderabad has witnessed a whopping 172 percent jump in transaction volumes in five-year period betwee...

Sobha Ltd’s net profit falls 76% at Rs 16 cr for Q2FY21

New Delhi: Bengaluru-based real estate player Sobha Ltd’s consolidated net profit fell 76 percent at Rs 16 crore for the second quarter of the current...

Eldeco Housing's net profit jumps 96% at Rs 15 cr for Q2FY21

New Delhi: Delhi-NCR based Eldeco Housing and Industries net profit jumped 96 percent at Rs 15 crore for the second quarter of the ongoing fiscal ende...

Godrej Properties Ltd’s net profit falls 78% at Rs 7 cr for Q2FY21

New Delhi: Mumbai-based Godrej Properties Ltd’s (GPL) consolidated net profit fell 78 percent at Rs 7.10 crore for the second quarter of the ongoing f...

Digicomm, the leading digital marketing firm records a whopping growth of over 300% in Q2

(Advertorial) New Delhi: NCR based digital marketing agency, Digicomm Marketing Services LLP, has recorded a whopping growth of over 300 percent in i...

Sunteck Realty to acquire land for housing project with revenue potential of Rs 1250 cr

New Delhi: Mumbai-based Sunteck Realty will acquire a 50 acre land parcel in Vasind, Mumbai for a housing project. The project will have a potential r...

Interview: Market for ready to move homes hold out plenty of promises this year: T and T Realty

Gurugram-based real estate consultancy T and T Realty believes ready to move properties present lot of opportunities this year. In an exclusive interv...

Oberoi Realty's net profit dips marginally to Rs 137 cr in Q2FY21

New Delhi: Oberoi Realty has registered marginal drop in consolidated net profit at Rs 137 crore in the second quarter if the ongoing fiscal as agains...

Economic, taxation, industry policy reforms in realty sector by govt led to serious liquidity crisis: Niranjan Hiranandani

As an industry stalwart, Niranjan Hiranandani, National President – NAREDCO, has seen the ups and downs of the real estate industry for many decades n...

Ready-to-move & luxury homes being preferred: Jayesh Rathod-The Guardians Real Estate Advisory

With the upcoming festive season, there are high hopes in the real estate industry. In an interview with Jayesh Rathod, Executive Director, The Guardi...

PE investment in residential real estate fell 68% to USD 216 million

New Delhi: PE investment in Indian residential real estate market fell 68 percent to just USD 216 million in the first nine of the current calendar ye...

ASK Property Investment Advisors invests Rs 125 cr in Gulshan Homz's proj

New Delhi: PE firm ASK Property Investment Advisors has invested Rs 125 crore in Delhi NCR-based realty player Gulshan Homz's mixed-use project in Noi...

Chennai emerges first, Delhi NCR last for projects completions timelines

New Delhi: Southern cities are leading the way in terms of completions of housing projects.  Chennai witnessed 1.32 lakh homes being launched between...

Sunteck Realty records 24% fall in collections in Q2 of current fiscal

New Delhi: Mumbai-based Sunteck Realty has recorded 24 percent fall in collections in second quarter of the current fiscal (Q2FY21) at Rs 141 crore as...

Housing.com launches 'Mega Home Utsav'

New Delhi: With an aim to cash in on the upcoming festive season and the recent surge in online demand, boosted by increased digital adoption during t...

Colliers International appoints Siddhart Goel as Senior Director, Research Services in India

New Delhi: Colliers International, the world's fastest growing global real estate services and investment management company is pleased to announce th...

Bhutani Grp to invest Rs 5,000 cr in 3 years

New Delhi: Realty player Bhutani Group has come up with an offer where the buyers can get the annual return in advance after making the down payment,...

GBP Group to invest Rs 600 cr in township project at Zirakpur

New Delhi: Punjab-based real estate player GBP Group has announced an investment of Rs 600 crore its new township project ‘Central Town’ in Zirakpur....

Square Yards Launches RetailProperty Management Platform To Bring Rental Economy Online

New Delhi: Property brokerage house Square Yards has launched App-based rentals and property management platform ‘Azuro’. The new offering is targeted...

SECOND HOMES – Corona Pandemic’s Blessing In Disguise

--By Abeer Auradkar- Head of Sales, Plotalong by Prop.vu Along came a virus, which restricted us to our homes, cramped in BHKs, life became miserable...

Anant Raj Ltd’s net profit falls 41% to Rs 8.2 cr Q1FY21

New Delhi: Realty player Anant Raj Ltd’s consolidated net profit fell 41 percent to Rs 8.2 crore in the first quarter of the current fiscal as compare...

Punjab National Bank hikes RLLR

New Delhi: State-run Punjab National Bank (PNB) has increased repo-linked lending rate (RLLR) by 0.15 percentage points to 6.80 percent. The bank has...

Real estate sales to go down by half in ongoing fiscal:ICRA

New Delhi: The real estate sales in the country is likely to sales go down by around half in the ongoing fiscal. Ratings agency ICRA says it expects t...

NHAI formalizes rating system for developers and contractors of highway projects

New Delhi: The NHAI has come up with ‘Vendor Performance Evaluation System’ that will serve to rate performance of its contractors, consultants and ev...

Govt Should bolster Infra development to rekindle GDP growth: Niranjan Hiranandani-NAREDCO

--By Niranjan Hiranandani President (National) NAREDCO  The Indian economy has been impacted by policy, taxation and industry reforms over nearly the...

50% of sales of Godrej Properties from NRIs in Q1FY21; co says such figures not ok in long run

New Delhi: Even is job prospects of Indians abroad may not be exactly buoyant at the moment, NRIs accounted for as much as half of the sales of Godrej...

Brigade Enterprises to invest Rs 1,000 cr in 2 yrs, to launch 26 lakh sq ft space in “next few quarters”

New Delhi: Even with overall gloom in the industry, Bengaluru-based Brigade Enterprises is planning to invest Rs 1,000 crore in the coming couple of y...

Kolte Patil Developers to launch 45 lakh sq ft space in 12 months with Rs 4,150 cr sales potential

New Delhi: Despite major slowdown in the realty sector, Pune-based Kolte Patil Developers Ltd (KPDL) plans to launch about 45 lakh square feet of sale...

Indiabulls Housing Finance’s net profit falls 65% to Rs 273 cr for Q1FY21

New Delhi: Indiabulls Housing Finance’s  net profit fell 65 percent to Rs 273 crore for the first quarter of the current fiscal as compared to Rs 790...

Kolte Patil Developers suffers net loss of Rs 27 cr for Q1FY21

New Delhi: Pune-based Kolte Patil Developers Ltd suffered a consolidated net loss of Rs 27 crore for the first quarter of the current fiscal as agains...

Bengaluru outshines Delhi, Mumbai in terms of real estate price appreciation

New Delhi: India’s IT capital Bengaluru has outdone Delhi and Mumbai in terms of real estate price appreciation. The South India city emerged as the 2...

Godrej Properties plans to invest Rs 3,200 cr in next 2 years

New Delhi: Godrej Properties Ltd (GPL) is planning to invest Rs 3,200 crore in the coming two years and launch a number of projects in this time frame...

Godrej Properties aims 4-times profits of current levels in next 3 years

New Delhi: Mumbai-based Godrej Properties Ltd (GPL) is looking at clocking four-times profits of the exiting levels of profits in the coming three yea...

Prestige Estates Projects' net profit tanks 84% to Rs 20 cr for Q1FY21

New Delhi: Bengaluru-based Prestige Estates Projects Ltd’s consolidated net profit tanked 84 percent to Rs 20 crore for the first quarter of the curre...

Aavas Financiers Ltd’s net profit jumps 11% to Rs 49 cr for Q1FY21

New Delhi: Aavas Financiers Ltd’s consolidated net profit jumped 11 percent at Rs 49 crore in the first quarter of the current fiscal as compared to R...

TCI Developers Ltd’s net profit falls to Rs 60 lakh for Q1FY21

New Delhi: TCI Developers Ltd’s consolidated net profit fell marginally to Rs 60 lakh for the first quarter of the current fiscal as compared to Rs 68...

Sameer Gehlaut resigns as Executive Chairman of Indiabulls Housing Finance Ltd

New Delhi: Sameer Gehlaut has resigned from the position of Executive Chairman of Indiabulls Housing Finance Ltd. He has now taken on the role Chief E...

Brigade Enterprises suffers net loss of Rs 63 cr for Q1FY21

New Delhi: Bengaluru-based realty player Brigade Enterprises Ltd suffered a consolidated net loss of Rs 63 crore for the first quarter of the current...

Ashiana Housing's net loss narrows sharply to Rs 3.27 cr for Q1FY21

New Delhi: Ashiana Housing Ltd’s consolidated net loss narrowed sharply to Rs 3.27 crore for the first quarter of the current fiscal as compared to Rs...

Role of Property Management in post COVID19 era: Rajesh Shetty- Colliers Intl India

--By Rajesh Shetty, Managing Director, Real Estate Management Services (REMS) at Colliers International India.  The Covid19 Pandemic has been by far...

HDFC Bank cuts MCLR by 0.10 percentage points

New Delhi: HDFC Bank has slashed marginal-cost based lending rate (MCLR) for all the tenors by 0.10 percentage points.  The new overnight MCLR is 7 p...

Square Yards reports 13% jump in revenues in Q1FY21; market share jumps five-fold

New Delhi: Amid severe slowdown in the real estate industry, PropTech platform Square Yards has reported 27 percent jump in real estate revenues in th...

Sobha Ltd’s net profit nosedived 93% to Rs 6.6 cr for Q1FY21

New Delhi: Bengaluru-based Sobha Ltd’s consolidated net profit nosedived 93 percent to Rs 6.6 crore for the first quarter of the current fiscal as com...

DLF Ltd suffers net loss of Rs 72 cr in Q1FY21

New Delhi: Realty player DLF Ltd suffered a consolidated net loss of Rs 72 crore in the first quarter of the current fiscal as against a net profit of...

Godrej Properties suffers net loss of Rs 20 cr for Q1FY21

New Delhi: Mumbai-based Godrej Properties Ltd suffered a net loss of Rs 20 crore for the first quarter of the current fiscal as compared to a net prof...

Ansal Properties and Infrastructure’s net loss jumps multi-fold to Rs 209 cr in Q4FY20; full year loss even higher

New Delhi: Delhi-based Ansal Properties and Infrastructure’s consolidated net loss jumped multi-fold to Rs 209 crore for the fourth quarter of the 201...

D B Realty suffers net loss of Rs 146 cr in Q4Fy20

New Delhi: Mumbai-based D B Realty Ltd suffered a consolidated net loss of Rs 146 crore in the fourth quarter of the 2019-20 fiscal as against a net p...

Godrej Properties plans to raise up to Rs 1,000 cr through NCDs

New Delhi: Godrej Properties Ltd (GPL) plans to raise up to Rs 1,000 crore. It will be done through issuance of Non-Convertible Debentures (NCDs). The...

Mahindra Lifespace Developers suffers net loss of Rs 20 cr in Q1FY21

New Delhi: Mahindra Lifespace Developers suffered a consolidated net loss of Rs 20 crore for the first quarter of the current fiscal as against a net...

Omaxe Ltd’s net profit tanks 92% to Rs 2.64 cr for Q4FY20; full year net profit falls 44%

New Delhi: Realty player Omaxe Ltd’s consolidated net profit tanked 92 percent to Rs 2.64 crore for the fourth quarter of the fiscal 2019-20 as compar...

Phoenix Mills Ltd suffers net loss of Rs 52 cr for Q1FY21

New Delhi: The Phoenix Mills Ltd suffered a consolidated net loss of Rs 52 crore for the first quarter of the current fiscal as against a net profit o...

Ansal Housing suffers net loss of Rs 33 cr in Q4FY20; full year loss jumps many fold

New Delhi: Ansal Housing Ltd suffered a consolidated net loss of Rs 33 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit...

Sunteck Realty Ltd’s net profit nosedives 92% to Rs 3 cr for Q1FY21

New Delhi: Mumbai-based Sunteck Realty Ltd’s (SRL) consolidated net profit nosedived 92 percent to Rs 3.1 crore for the first quarter of the current f...

Sunteck Realty’s net profit tanks 98% to Rs 0.95 cr for Q4FY20, full year net profit falls 58%

New Delhi: Sunteck Realty Ltd’s consolidated net profit tanked 98 percent to Rs 0.95 crore for the fourth quarter of the fiscal 2019-20 as compared to...

Ajmera Realty & Infra India Ltd’s net profit falls 86% to Rs 4.32 cr for Q4FY20

New Delhi: Ajmera Realty & Infra India Ltd’s consolidated net profit fell 86 percent to Rs 4.32 crore for the fourth quarter of the 2019-20 fiscal as...

LIC Housing Finance cuts int rates to historic low of 6.90%

New Delhi: State-run LIC Housing Finance Ltd has slashed interest rates to historic low of just 6.90 percent for those who have a CIBIL score of at le...

Sunteck Realty Ltd buys 50 acres land in Mumbai with revenue potential of Rs 5,000 cr in 5-7 yrs

New Delhi: Sunteck Realty Ltd has bought 50 acres land parcel in Vasai in Mumbai for a housing project having a revenue potential of Rs 5000 crore. Th...

Parsvnath Developers's net loss narrows sharply to Rs 63 cr in Q4FY20

New Delhi: Delhi-based Parsvnath Developers Ltd’s consolidated net loss narrowed sharply to Rs 62.66 crore in the fourth quarter of the 2019-20 fiscal...

Oberoi Realty Ltd’s net profit tanks 82% to Rs 28 cr in Q1FY21

New Delhi: Oberoi Realty Ltd’s consolidated net profit tanked 82 percent to Rs 28 crore in the first quarter of the current fiscal as compared to Rs 1...

Sunteck Realty, Ashoka Buildcon removed from BSE's 'A' group

New Delhi: Sunteck Realty and Ashoka Buildcon are some of the companies that have been removed from BSE's 'A' group. Other companies that have been re...

Oberoi Realty's net profit jumps 61% to Rs 250 cr in Q4FY20

New Delhi: Mumbai-based Oberoi Realty Ltd’s consolidated net profit jumped 61 percent to Rs 250 crore in the fourth quarter of the 2019-20 fiscal as c...

Projects registrations goes up 24% with various RERA authorities, agent registration increase 20%

New Delhi: The number of real estate projects registered with various RERA authorities has gone by 24 percent in the last 12 months while the number o...

M3M raises Rs 570 cr from Oaktree Capital Management

New Delhi: Even in difficult circumstances for the real estate industry in India, realty firm M3M has been able to raise Rs 570 crore in the form of d...

CREDAI-Hyderabad urges govt to control cement prices

New Delhi: The Telangana state government must work towards bringing down the cement prices, real estate industry body CREDAI’s Hyderabad chapter has...

PNB Housing Finance to take shareholders' nod to mop up to Rs 45,000 cr

New Delhi: PNB Housing Finance will take its shareholders' approval to mop up to Rs 45,000 crore through debt securities. The money can be raised in o...

HDFC Bank cuts MCLR by 0.20%, home loans to become cheaper

New Delhi: HDFC Bank has slashed marginal-cost based lending rate (MCLR) for all tenors by 0.20 percentage points. The new rates will be applicable f...

Emami Realty Ltd elevates Nitesh Kumar as MD & CEO

New Delhi: Emami Realty Ltd elevated Nitesh Kumar as its Managing Director & CEO. Kumar has been working as CEO of the company since October 2018, the...

Real estate regulators will write to RBI seeking one-time debt restructuring for realty industry

New Delhi: Real estate regulators will write within a week to the RBI, seeking one-time debt restructuring for the industry to help developers overcom...

Hines inks deal with DNR Grp for 1 million sq ft office project in Bengaluru

New Delhi: International realty player Hines has joined hands with Bengaluru-based DNR Group to develop an office complex in the IT capital of the cou...

Ansal Housing defaults in repayments to Indiabulls Commercial Credit, IFCI Ltd, others yet again

New Delhi: Faced with multiple hurdles and falling sales, Ansal Housing Ltd has again defaulted in repayments to various lenders including Indiabulls...

Headcount at Indiabulls Housing Finance crashes in FY20

New Delhi: The number of employees of Indiabulls Housing Finance Ltd went down around 38 percent in the last fiscal 2019-20 as compared to the previou...

Indiabulls Housing Finance's net profit nosedives 86% to Rs 137 cr for Q4FY20

New Delhi: Indiabulls Housing Finance Ltd’s consolidated net profit nosedived 86 percent to Rs 137 crore in the fourth quarter of the 2019-20 fiscal a...

The Phoenix Mills Ltd’s net profit tanks 82% to Rs 48 cr for Q4FY20

New Delhi: Realty player The Phoenix Mills Ltd’s consolidated net profit tanked 82 percent to Rs 48 crore for the fourth quarter of the fiscal 2019-20...

Digitisation of land records will multiply property market potential ten-fold: Square Yards CEO Tanuj Shori

New Delhi: Technology adoption in the real estate field can open up tremendous opportunities for the stakeholders of the industry and digitisation of...

Puravankara Ltd plans majority of new launches under Provident brand despite its 42% lower sales in last fiscal

New Delhi: Bengaluru-headquartered realty firm Puravankara Ltd will continue its focus on ‘Provident’ brand in the future with majority of the new lau...

Arihant Superstructures Ltd registers 22% jump in total area sold in FY20

New Delhi: Despite tough market conditions for the real estate sector, Arihant Superstructures Ltd registered 22 percent jump in the total area sold i...

Arihant Superstructures Ltd’s net profit falls 37% to Rs 6.90 cr for Q4FY20

New Delhi: Realty player Arihant Superstructures Ltd’s consolidated net profit declined 37 percent to Rs 6.90 crore for the fourth quarter of the fisc...

Emami Realty's net loss jumps multi-fold at Rs 19 cr for Q4FY20

New Delhi: Emami Realty Ltd’s consolidated net loss jumped multi-fold at Rs 19 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 1....

Sobha Ltd builds launch pipeline of 14.23 million sq ft

New Delhi: Realty firm Sobha Ltd is planning to launch projects of 14.23 million square feet in different cities. The company has so far completed 58....

Puravankara Ltd’s net profit tanks 99% to Rs 0.35 cr for Q4FY20

New Delhi: Bengaluru-based Puravankara Ltd’s consolidated net profit nosedived 99 percent to Rs 0.35 crore for the fourth quarter of the fiscal 2019-2...

Hindustan Housing Company Ltd’s net profit jumps 87% to Rs 58 lakh for Q4FY20

New Delhi: Bajaj Group firm Hindustan Housing Company Ltd’s net profit jumped 87 percent to Rs 58 lakh for the fourth quarter of the fiscal 2019-20 as...

Sobha Ltd expecting sales cancellation of 1.93 million square feet on account of Covod19 uncertainties

New Delhi: Bengaluru-based realty player Sobha Ltd is expecting cancellation of as much as 1.93 million square feet of area already sold to property b...

Sobha Ltd’s net profit tanks 56% to Rs 50.7 cr for Q4FY20

New Delhi: Bengaluru-based Sobha Ltd’s consolidated net profit tanked 56 percent to Rs 50.7 crore for the fourth quarter of the fiscal 2019-20 as comp...

Gross NPAs of HFCs likely to worsen sharply in current fiscal

New Delhi: The gross NPAs of housing finance companies (HFCs) is likely to worsen sharply in the current fiscal and go down to 2.5-3 percent levels fr...

Eldeco Housing and Industries Ltd’s net profit falls 20% to Rs 12.18 cr for Q4FY20

New Delhi: Eldeco Housing and Industries Ltd’s consolidated net profit declined 20 percent to Rs 12.18 crore for the fourth quarter of the fiscal 2019...

Prestige Estates Projects Ltd’s net profit nosedives 64% to Rs 51 cr for Q4FY20

New Delhi: Prestige Estates Projects Ltd’s consolidated net profit nosedived 64 percent to Rs 51 crore for the fourth quarter of the fiscal 2019-20 as...

BSEL Infrastructure Realty Ltd’s net loss narrowed sharply to just of Rs 10 lakh for Q4FY20

New Delhi: BSEL Infrastructure Realty Ltd’s consolidated net loss narrowed sharply to just of Rs 10 lakh for the fourth quarter of the fiscal 2019-20...

Kolte Patil Developers suffers net loss stood of Rs 2.18 cr for Q4FY20

New Delhi: Pune-based Kolte Patil Developers Ltd’s consolidated net loss stood at Rs 2.18 crore for the fourth quarter of the fiscal 2019-20 as compar...

Simplex Realty's registers net profit of Rs 13 lakh for Q4FY20

New Delhi: Simplex Realty Ltd’s consolidated net profit stood at Rs 13 lakh for the fourth quarter of the fiscal 2019-20 as against a net loss of Rs 3...

In a first by any industry body, CREDAI asks members to use India-made goods

New Delhi: The anti-China sentiments in the country is on the rise and many people have started talking about boycotting China-made products. But perh...

Brigade Enterprises suffers net loss of Rs 11 cr for Q4FY20

New Delhi: Benagluru-based Brigade Enterprises suffered a consolidated net loss of Rs 11.02 crore for the fourth quarter of 2019-20 fiscal as against...

Real estate once again emerges preferred asset class for investment

New Delhi: Real estate has once again emerged as the preferred asset class for the purpose of investment followed by gold and fixed deposits. While 35...

Luxury housing is stable in spite of Covid scare: say experts

New Delhi: Luxury housing is quite stable in spite of Covid scare, said real estate industry veterans at a Realty WEBSERIES. “I see far fewer numbers...

Ashiana Housing Ltd’s net loss goes up marginally to Rs 8.12 cr for Q4FY20, incurs net loss for entire FY20

New Delhi: Ashiana Housing Ltd’s consolidated net loss went up marginally to Rs 8.12 crore for the fourth quarter of 2019-20 fiscal as against a net l...

Can Fin Homes Ltd's net profit jumps 36% at Rs 90 cr for Q4FY20

New Delhi: Can Fin Homes Ltd, the housing finance company of Canara Bank, registered a 36 percent jump in net profit at Rs 90.91 crore in the fourth q...

Larsen & Toubro reappoints A M Naik, Dip Kishore Sen

New Delhi: A M Naik has been re-appointed as a Non-Executive Chairman of Larsen & Toubro for three years with effect from 1 October 2020. He will cont...

PNB Housing Finance Ltd suffers net loss of Rs 242 cr in Q4FY20

New Delhi: PNB Housing Finance Ltd suffered a net loss of Rs 242 crore in the fourth quarter of 2019-20 fiscal as compared to a net profit of Rs 379 c...

PNB Housing Finance fails to meet mandatory borrowing requirement by way of debt securities

New Delhi: PNB Housing Finance could not meet the mandatory borrowing by way of debt securities in fiscal 2019-20 due to “subdued debt market”. The c...

Indiabulls Housing Finance Ltd raises Rs 200 cr from banks

New Delhi: Indiabulls Housing Finance Ltd has raised Rs 200 crore from state-run banks. The Indiabulls Group company raised the money through issue of...

Amid Severe slowdown, this large listed realty player decides to reduce staff

New Delhi: The real estate sector was already moving in the slow lane before corona pandemic struck. Now the things have turned so bad that realty pla...

Corona results in 93% drop in PE investment in India

New Delhi: The corona pandemic has taken a heavy toll in the Indian real estate market with 93 percent drop in private equity (PE) investment which fe...

India's largest lender cuts MCLR by 25 bps, RLLR by 40 bps; Indian Overseas Bank also reduces rates

New Delhi: Country's largest bank State Bank of India (SBI) will slash marginal cost of fund based lending rate (MCLR) by 0.25 percentage points for a...

Institutional investment in realty falls to 5-year low at Rs 33k cr, may not improve in the coming 2-3 quarters

New Delhi: The corona pandemic and the economic slowdown in the country led to a 12 percent fall in institutional investment in real estate industry i...

DLF’s standalone net profit jumped more than three-fold to Rs 2,264.31 cr for FY20

New Delhi: On standalone basis, DLF clocked a net loss of Rs 1,076.98 crore for the fourth quarter ended 31 March 2020 as against a net profit of Rs 2...

KP Singh steps down as chairman of DLF, son Rajiv takes over

New Delhi: Realty player DLF Ltd’s long standing chairman KP Singh has stepped down from his position, paving the way for his son Rajiv Singh to becom...

DLF Ltd suffers net loss of Rs 1,857.76 cr for Q4FY20; net loss of Rs Rs 583.19 cr in whole of FY20

New Delhi: Realty player DLF Ltd suffered consolidated net loss of Rs 1,857.76 crore for the fourth quarter of 2019-20 fiscal as compared to a net pro...

Virtual tours, lucrative schemes by developers have helped good sales during lockdown: Realtors

New Delhi: The virtual tours and lucrative schemes by developers have helped get good sales even during lockdown, said Kapil Kapur, director strategy,...

WoodenStreet raises Rs 21 cr in Series-A funding

New Delhi: Jaipur-based WoodenStreet, a startup offering custom furniture, has raised Rs 21 crore in Series-A funding. The funding round was lead by I...

This large company lays off 350 staff

New Delhi: As the realities of the current corona pandemic are biting hard, there are widespread miseries and slower economic activity, impacting comp...

20.7 lakh houses lying vacant in top 12 cities when they have highest urban housing shortfall

New Delhi: About 20.7 lakh houses are lying vacant in the top 12 cities of the country when these cities have the highest urban housing shortfall. One...

Indian Bank, Bank Of India, UCO Bank cut lending rates; Home Loan to be come cheaper

New Delhi: Indian Bank has slashed marginal cost of fund-based lending rate (MCLR) by 0.30 percentage points for various tenors.  The one year MCLR h...

IRR for SWAMIH Fund cut to 12% by SBICAP

New Delhi: In a significant move to provide more liquidity to the beleaguered real estate sector, the internal rate of return (IRR) for SWAMIH Fund ha...

NCC Ltd’s net profit nosedives 65% to Rs 60.56 cr for Q4FY20

New Delhi: NCC Ltd’s consolidated net profit nosedived 65 percent at Rs 60.56 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 175...

Jaiprakash Associates Ltd’s clocks net profit of Rs 3,081 cr for Q4FY20

New Delhi: Jaiprakash Associates Ltd’s consolidated net profit stood at Rs 3,081.67 crore for the fourth quarter of the 2019-20 fiscal as compared to...

Karnataka reduces stamp duty charges

New Delhi: The stamp duty charges for registration of properties in Karnataka have been cut to 3 percent from 5 percent earlier for properties priced...

Another startup fires 200 employees

New Delhi: Another startup has joined the league of companies laying off employees amid the severe corona virus pandemic. Now CarDekho has decided to...

This real estate firm fires 450 employees

New Delhi: The layoffs are getting more and more common in the real estate industry as the prospects of the realty market are turning bleak. Now Benga...

Realtors request simplified govt procedures

New Delhi: From the webinar platform provided by ICCPL and Realty & More, realtors requested government to streamline procedures and make them shorter...

Corona to deal Rs 1 lakh crore blow to real estate in India: Report

New Delhi: The already beleaguered realty estate industry in India will be deal with Rs 1 lakh crore blow by the current corona pandemic. There will b...

Rajasthan doubles cow cess on stamp duty charges

New Delhi: Rajasthan government has doubled the cow cess on stamp duty of properties to prepare a war chest to tackle natural calamities and man-made...

Mahindra Lifespace Developers suffers a consolidated net loss of Rs 224.69 cr for Q4FY20

New Delhi: Mahindra Lifespace Developers Ltd suffered a consolidated net loss of Rs 224.69 crore for the fourth quarter of the 2019-20 fiscal against...

Indiabulls Real Estate suffers consolidated net loss of Rs 109.70 cr for Q4FY20

New Delhi: Indiabulls Real Estate Ltd suffered a consolidated net loss of Rs 109.70 crore for the fourth quarter of the 2019-20 fiscal against a net p...

Godrej Properties's consolidated net profit drops 36% to Rs 101.08 cr fro Q4FY20

New Delhi: Godrej Properties Ltd (GPL) has clocked 36 percent drop in consolidated net profit at Rs 101.08 crore for the fourth quarter of 2019-20 fis...

All properties in Telangana to get 5% rebate in tax with out upper limit

New Delhi: Telangana state government has extended its Early Bird Scheme (EBS) to all kinds of properties- residential, non-residential and even comme...

PNB Housing Finance cuts retail lending rates by 15 basis points

New Delhi: PNB Housing Finance Ltd, part of public sector Punjab National Bank, has cut retail lending rates by 0.15 percentage points. The new rates...

Reliance Home Finance Ltd’ net loss more than doubles to Rs 238.37 cr for Q4FY20

New Delhi: Reliance Home Finance Ltd’ net loss more than doubled to Rs 238.37 crore for the fourth quarter of 2019-20 fiscal as compared to Rs 110.20...

This large real estate developer cuts salaries of staff by half

New Delhi: The corona virus outbreak is taking a heavy toll on all the economic activities and many real estate developers are feeling the pinch. Now...

India Sotheby's International Realty appoints Vineet Nanda as Director- New Projects

New Delhi: India Sotheby's International Realty has appointed Vineet Nanda as Director of New Projects. Nanda has been part of the industry for more...

Funding will revive the real estate industry post Covid 19

New Delhi: Funding will revive the real estate industry post Covid 19 while the developers must gear up to bounce back with better technology solution...

Housing.com launches platform on its mobile app for rent transfers using credit cards

New Delhi: Property portal Housing.com has launched 'Pay Rent' platform on its mobile app for rent transfers using credit cards. The platform will let...

Now India's most valued company cuts salaries; Mukesh Ambani to forego entire compensation

New Delhi: Country’s most valued company Reliance Industries Ltd has announced it will cut salaries of some of its staff by as much as 10 percent in t...

Allow all economic activities in green zones with 50% staff strength: PHD Chamber to govt

New Delhi: PHD Chamber has asked from government for significant stimulus package along with opening of all economic activities in green zones with 50...

Indian Bank cuts MCLR by 0.30 percentage points

New Delhi: Indian Bank has slashed marginal cost of fund-based lending rate (MCLR) by 0.30 percentage points for various tenors. Indian Bank has cut...

This large Indian NBFC cuts salaries of staff by 20-50%

New Delhi: Its raisning lay-off and salary cuts amid corona virus pandemic and thinsg are only going from bad to worse. Indiabulls Group has slashed s...

Indian realty received investment worth USD 6 billion in 2019, up by 27%

New Delhi: The real estate industry in India received investment worth USD 6 billion in 2019, up by 27 percent as compared to 2018. The industry had r...

Post COVID-19, there will be a lot of opportunities for MSME sector: MInister

New Delhi: The government is making huge efforts to help the businesses and livelihoods, said Minister of State for External Affairs V Muraleedharan,....

Riding the Tide – Crisis leadership in City Management during COVID 19

  Riding the Tide – Crisis leadership in City Management during COVID 19 With the ongoing outbreak of the pandemic and the world coming close to a s...

Lockdown calls for a stronger digital footprint

The real estate sector continues to face innumerable challenges. With the current lock-down having extended further in the wake of rising COVID-19 pos...

Housing.com comes up with discounts, extended validity on its advertisement packages

New Delhi: Real estate portal Housing.com has come up with COVID 19 relief package through which the company is offering discounts and extended validi...

HDFC cuts lending rates by 0.15 percentage points making home loans cheaper

New Delhi: HDFC has cut lending rates by 0.15 percentage points, benefiting all existing retail home loan customers, the company said in a statement....

Three Out Of Every Four Companies Will Reduce Manpower Due To Corona Pandemic: Survey

New Delhi: As many as 75 percent companies in the countyr think they will have to go for manpower reduction due to the corona pandemic while 70 percen...

PE Investment In Realty Sector Tanked 62% In Q1 Of 2020

New Delhi: The private equity (PE) investment in real estate sector in India tanked 62 percent in the first quarter (Q1) of 2020.  Due to the slowdow...

NBFC Loans To Delayed Commercial Projects Can Now Be Extended By One Year

New Delhi: Bringing much relief to the NBFCs and to the real estate sector as a whole, the Reserve Bnak of India today allowed extending the date for...

Housing Fin Companies Allowed To Work During Lockdown

New Delhi: Government has allowed Housing Finance Companies (HFCs) to operate during lockdown giving them the much required reprieve. The Home Minist...

NHB, SIDBI, NABARD to Get Additional Rs 50,000 Cr; Reverse Repo Rate Cut By 0.25%

New Delhi: National Housing Bank (NHB), together with SIDBI and NABARD will be provided special finance facility to the tune of Rs 50,000 crore to mee...

Lockdown Will Result In Stalled Construction, Delays In Projects and Loan Repayment

New Delhi: The current lockdown in the country will result in a vicious sequence of stalled construction, delays in delivery of projects, delays in re...

Construction Projects Worth Rs 59 Lakh Cr Impacted Due To Corona Virus: KPMG

New Delhi: Construction projects worth Rs 59 lakh crore are under various stages of development in the country and almost all of them have been severe...

Sales Bookings Of Sunteck Realty Goes Up 2% in FY20

New Delhi: The sales bookings of Mumbai-based Sunteck Realty Ltd (SRL) increased 2 percent to Rs 1,221 crore in the 2019-20 fiscal. SRL’s sales bookin...

15-20% Housing Business Resumes Despite Lockdown

Every crisis brings opportunities, and Covid-19 is no different - online home sales are now beginning to gain serious traction. Despite the lockdown a...

Central Bank of India Cuts MCLR BY 40 Basis Points

New Delhi: Central Bank of India has cut marginal cost of funds-based lending rate (MCLR) by 0.40 percentage points for all tenors. The new rates for...

Realty Prices Will Crash Up To 20%: Deepak Parekh

New Delhi: The real estate prices in the county will crash up to 20 percent amid the ongoing corona pandemic and lockdown, said HDFC Chairman Deepak P...

Senior Officials of Indiabulls Housing Fin Take 35% Salary Cut On Average

New Delhi: The current corona virus pandemic has take a tol on the salaries of the senior management of Indiabulls Housing Finance Ltd. The senior off...

Bank Of Baroda Cuts MCLR, Int On Term Deposits

New Delhi: Bank of Baroda slashed marginal cost of funds based lending rate (MCLR) by 15 basis points for all tenors. It also cut term deposit rates f...

Housing Sales Drops By 27% In Q1 Of 2020

New Delhi: Housing sales in the country dropped by 27 percent in the first quarter (Q1) of 2020 in the top nine cities. Only 55,138 homes were sold i...

NAREDCO Appeals For USD 200-3300 Bn package Form Govt, Lifting of Lockdown At Construction Sites

New Delhi: Real estate industry body NAREDCO has appealed to the govrnemnt to provide a USD 200 billion relief package to tide over the current distre...

DLF Ltd Not To Lay-Off Employees, Will Pay Salaries For April Also

New Delhi: Realty player DLF Ltd does not plan to lay off employees in the wake of the corona virus outbreak. The company said it will give increments...

Commercial Real Estate Segment Will Recover Fast

In the current scenario, commercial real estate segment will come out unscathed because of the increasing interest of investors including NRIs.  A fo...

Real Estate Industry Resorts To Lay-Offs Amid Corona Outbreak

New Delhi: The outbreak of the deadly Covid-19 virus has started to take a toll on the employment scenario in the real estate sector with many firms n...

Canara Bank Cuts RLLR, MCLR

New Delhi: Canara Bank has slashed Repo Linked Lending Rate by 75 basis points with effect from 7 April, 2020. Te new rate will be 7.30 percent, down...

Bank of Maharashtra Slashes RLLR, MCLR

New Delhi: Bank of Maharashtra has slashed repo linked lending rate (RLLR) by 0.75 percentage points with effect from 7 April. All housing, education...

Parsvnath Developers To Forgo Interest On Outstanding Installments Of Customers

New Delhi: Delhi-based Parsvnath Developers will forgo interest on outstanding installments of all its customers for three months starting 15 March 20...

Housing Sales To Slump By 25-35%, Office Absorption To Drop BY 13-30% in 2020 Due To Corona

New Delhi: Housing sales will witness 25-35 percent drop in 2020 as compred to 2019 while new new launches will alos come down by 25-30 percent in the...

ICICI Funds Increase Stake In Ashiana Housing

New Delhi: ICICI Prudential Infrastructure Fund and ICICI Prudential Value Fund – Series 15 have purchased 2 lakh and 1 lakh equity shares, respective...

Realty Sales, Site Visits Plummet Due To Corona Outbreak

New Delhi: The real estate markets of Gurgaon and Noida have seen a reduction in site visits to the tune of 40 percent and 52 percent respectivey in t...

PNB, IOB Cut Lending Rates Sharply, Home Loans To Become Cheaper

New Delhi: Punjab National Bank (PNB) has slashed its lending rate linked to the repo rate by 0.75 percentage. The new rates will be effective from to...

Realty Companies Waive Rents, Distribute Food Items To Laboures Amid Corona Outbreak

New Delhi: Realty player Unity Group has waived rents worth Rs 10 crore in its ‘Unity One’ and ‘Vegas’ malls for a month due to the corona outbteak an...

Indian Bank, Bank Of Baroda, Union Bank Reduce Lending Rates

New Delhi: Indian Bank has slashed its benchmark one year tenor marginal cost of funds based lending rate (MCLR) by 15 basis points. The new rate will...

Bank of India Reduces Interest Rates By 75 Basis Points

New Delhi: After Satte Bank of India, the Bank of India (BoI) has cut the interest rates by 75 basis points for those borrowers whose loans are linked...

Godrej Properties Acquires 82 Acre Land From Group For Rs 135 Cr

New Delhi: Mumbai-based Godrej Properties Ltd (GPL) has acquired 82 acre land from its group company Godrej Agrovet near Bengaluru for Rs 135 crore. ...

SBI Cuts Lending Rates, Int On Fixed Deposits Sharply

New Delhi: Country’s largest lender State Bank of India (SBI) has cut the lending rates as well as the interest rates on fixed deposits sharply. The b...

No Repayment Of Home Loans Required For 3 Months, Home Loan Rates Also Likely To Come Down Sharply

New Delhi: The Reserve Bank of India has put a three-month moratorium on payment of EMIs for all kinds of loans including home loans. This would be ap...

Repo Rate Cut by 75 Bps, Reverse Repo Rate Cut By 90 BPS, CRR Cut By 100 Bps

New Delhi: The Reserve Bank of India has cut the Repo Rate by a staggering 75 basis points from 5.15 percent to 4.4 percent. The Reverse Repo Rate has...

Indiabulls Real Estate Plans To Buy Back Rs 500 Cr Worth Of Equity Shares

New Delhi: Indiabulls Real Estate plans to buy back Rs 500 crore worth of its equity shares. "Post completion of ongoing scheme of arrangement of Che...

Credit Rating Of Indiabulls Housing Finance Downgraded By Moody's

New Delhi: The credit rating of Indiabulls Housing Finance (IHFL) has been downgraded with a negative outlook by global rating agency Moody’s. The in...

Crisis & Opportunity Come Together For Real Estate Market

As the real estate industry pins its hope on the recovery in sales, the year 2020 will prove to be decisive for the real estate sector The impact of...

Sobha Ltd Raises Rs 270 Cr By Issuance Of NCDs

New Delhi: Sobha Ltd has raised Rs 270 crore by issuance of Non Convertible Debentures (NCDs) on private placement basis. “We wish to inform that the...

Godrej Properties 100% Stake In Ceear Lifespace Developers Ltd

New Delhi: Godrej Properties Ltd (GPL) has acquired another real estate and construction firm Ceear Lifespaces Pvt Ltd (CLPL) and the latter has becom...

BSE Realty Index Crashes, DLF, Godrej Properties, Sunteck Bleed Through Nose

New Delhi: The BSE Realty Index has crashed a massive 11.12 percent or by 168.52 points and is currently at 1339.13 points in the morning trade. DLF...

DLF Issues 10,000 NCDs of Rs 10 Lakh Each

New Delhi: Realty player DLF Ltd has issued 10,000 Non-Convertible Debentures (NCDs) of the face value of Rs.10.00 lakh each raising Rs 1,000 crore in...

What Is Driving Consolidation In Larger Real Estate Markets?

In the past few years, several reforms, such as demonetization, the Real Estate (Regulation and Development) Act (RERA), Benami Transactions (Prohibit...

Co-working, Co-living To Be Severely Hit By Corona Virus Outbreak: Anuj Puri

Corona Virus outbreak could not have come at a worse time for the real estate industry which has been reeling under its own problems and dwindling for...

Three Pillars Of Working Remotely: Staying Connected, Staying Productive & Staying Healthy

As the world struggles to deal with a virus that the medical community has limited knowledge about, and in the middle of the COVID-19 pandemic, India...

D B Realty Defaults Big Time In Repayment To Yes Bank, HDFC Ltd

New Delhi: Mumbai-based D B Realty has defaulted in repayment of certain obligations to Yes Bank and HDFC Securities. The realty firm has defaulted i...

BSE Realty Index Tanks; DLF, Prestige Estates, Phoenix Mills, Sunteck Bleed Heavily

New Delhi: The BSE Realty Index has come down today by 109 points or 6.10 percent in the morning trade, following the general meltdown of the SENSEX....

Six Out of Top 10 Listed Realty Firms See Dip In Revenues For Q3

New Delhi: As many as six of the top 10 listed real estate developers in the country saw decline in total income for the third quarter (Q3) of the ong...

How Corona Virus Could Impact Real estate In India?

  Colliers International expects Corona Virus to impact various segments of real estate as follows: Co-working Spaces: Occupancy levels in flexible...

Realty Startup MultiLiving Raises Rs 44 Cr From Lodha Ventures

New Delhi: Real estate firm MultiLiving has raised about Rs 44 crore from Lodha Ventures, the investment arm of real estate player Lodha Group. Abhin...

BSE Realty Index Bludgeoned Again; DLF, Prestige Estates and Phoenix Mill Worst Affected

New Delhi: The mayhem at the stock markets is continuing today and the BSE Realty Index tanked 87.70 points or about 5 percent in the morning trade.  ...

BSE Realty Index Badgered, Prices of Prestige Estates Clobbered 20%, DLF 12%

New Delhi: The BSE Realty Index has witnessed biggest single day fall today as it closed at 1749.32, down 183.53 or about 9.5 percent from the previou...

BSE Realty Index Tanks, DLF Down 11%, Prestige Estates Down 15%

New Delhi: The BSE Realty Index has not been spared by the current rout in stax indices and the BSE Realty Index is down 8.46 percent in the opening h...

SBI Slashes MCLR By 15 Basis Points

New Delhi: State Bank of India has slashed marginal cost of fund-based lending rate (MCLR) by up to 15 basis points for various tenors. The overnight...

Union Bank of India Cuts MCLR By 10 Basis Points

New Delhi: Union Bank of India has cut its MCLR (marginal cost of funds-based lending rate) by 10 basis points for all tenors. The one year MCLR will...

Proptech Firm Goodlord Raises About 11.4 Mn Euros

New Delhi: Proptech startup Goodlord has announced raining about 11.4 million Euros in Series B funding. The funding has been secured from Finch Capi...

Yes Bank Owes Rs 662 Cr To Indiabulls Housing Finance Ltd

New Delhi: Troubled Yes Bank owes Rs 662 crore to Indiabulls Housing Finance Ltd (IHFL)  in forms of bonds, said IHFL in a regulatory filing. IHFL ha...

Proptech Firm Strata Raises USD 1.5 Mn

New Delhi: Proptech firm Strata has raised USD 1.5 million by SAIF Partners and Mayfield India as part of seed round. Tree angel investors and realty...

Majority Of Indian Realty Developers Will Bite Dust and Vanish In 3 Yrs: Anuj Puri

New Delhi: Four out of every five real estate developers in India will bite the dust and vanish from the industry in the next three years with really...

DLF Ltd Plans To Raise Rs 1,000 Cr Through NCDs

New Delhi: DLF Ltd is planning to raise Rs 1,000 crore through issue of non-convertible debentures.  The finance committee of the board of directors...

Lodha Grp's UK Subsidiary Raises USD 200 million

New Delhi: Mumbai-based Lodha group's subsidiary in United Kingdom has raised USD 200 million by issuing bonds in Singapore market.  The money will b...

Property Prices In Gurugram, Noida Down; Other Cities See Meager Growth In Last 5 Yrs

New Delhi: Property prices in Gurugram and Noida have gown down by 7 percent and 4 percent in the last years. The average price in Gugrugram stands at...

As An Emergency Move, US Fed Slashes Key Interest Rate By 50 bps Due To Coronavirus

New Delhi: The US Federal Reserve has slashed interest rates as an emergency on the back of the dangers posed by coronavirus.  In a statement, the ce...

Spaciya Advisors Raises Rs 3.5 Cr In Pre-series Round

New Delhi: Real estate consultancy firm Spaciya Advisors has raised Rs 3.5 crore in pre-series round from angel investor and serial entrepreneur Alok...

Unitech Ltd, HDIL Replaced By These Two Firms In BSE Realty Index

New Delhi: The Bombay Stock Exchange (BSE) has removed embattled realty firms Unitech Ltd and HDIL from its realty index and has included Mahindra Lif...

Provident Brand To Account For 87% Of Launch Pipeline of Puravankara Ltd

New Delhi: Realty player Puravankara Ltd’s premium affordable housing brand now accounts for as much as 87 percent of the launch pipeline of the compa...

Mumbai To Be Biggest Market, Other Focus Cities Will Delhi NCR, Pune, Bengaluru For Godrej Properties

New Delhi: Godrej Properties is coming up with new projects in Mumbai and hopes the financial capital of the country will be its biggest market soon w...

Coronavirus Could Dent Global Growth By USD 250 Billion: PHD Chamber

New Delhi: The spread of Coronavirus could dent global growth by USD 250 billion which translates into 0.3 percentage points.  China has been able to...

NBCC’s Unsold Inventory Jumps To Rs 1,400 Cr Even As It Eyes 40% Revenue Increase In FY21

New Delhi: State-run NBCC unsold inventory has risen to 1,400 crore at the end of third quarter of the current fiscal as compared to Rs 800 crore wort...

New Launches Down By More Than Half Of Top Realty Firms: ICRA

New Delhi: The new launches of ten major listed real estate firms in the country has gone down by more than half in the first nine months of the curre...

Arihant Superstructures Ltd Appoints Sangeeta Ashokumar Chhajer As Director

New Delhi: Arihant Superstructures Ltd has appointed Sangeeta Ashokumar Chhajer as the Woman Additional Director of the company for a period of 5 year...

Rs 3200 Cr Wadala Projects Slips Out Of NBCC’s Hands

New Delhi: The residential project that NBCC has bagged in Wadala in Mumbai has slipped out of its hands and now CPWD will undertake the project. The...

Central Bank of India Plans To Get Out Of Home Financing Biz

New Delhi: Central Bank of India plans to get out of home financing business by offloading its entire 64.40 percent equity its ‘Cent Bank Home Finance...

Three People Arrested In Gurugram For Property Fraud

New Delhi: Three miscreants have been arrested in connection with property fraud by Gurugram Police. They had forged documents of plots worth about R...

Four Out Of Top Nine Realty Firms Witness Dip In Net Profit In Q3FY20

New Delhi: The net profit of 4 out of the top 9 listed realty players dropped in the third quarter of the current fiscal as compared to the same quart...

Ambuja Cement’s MD&CEO Resigns, Neeraj Akhoury Takes Over

New Delhi: Ambuja Cement’s MD&CEO Bimlendra Jha has resigned from his position with effect from February 20. Jha was appointed as MD&CEO on March 1,...

Yogesh Gauba Resigns As CEO Of Ansal Properties & Infrastructure

New Delhi: Yogesh Gauba  has resigned as CEO of Ansal Properties & Infrastructure Ltd immediate effect because of health issues. "Yogesh Gauba, CEO &...

DHFL Posts Net Profit Of Rs 934 Cr For Q3FY20

New Delhi: Dewan Housing Finance Corporation Ltd (DHFL) on Thursday reported a consolidated net profit of Rs 934.31 crore in the third quarter of the...

Co-working, Co-living & Student Housing Have 7-11% Higher Rental Yield Than 3% National Average

New Delhi: Co-working, co-living and student housing are some real estate industry segments that have 7-11 percent higher rental yield than 3 percent...

Zvesta Raises USD 5.5 Mn From Hindustan Media Ventures Ltd

New Delhi: Gurugram-based proptech start-up Zvesta has raised USD 5.5 million from Hindustan Media Ventures Ltd.  Zvesta will utilize the money for b...

Revenues Of Top Realty Firms Up 5%, New Launches Down To Half: ANAROCK

New Delhi: The revenues from home sales of top listed real estate developers increased by 5 percent while new launches halved in the first nine months...

Rs 77,000 Cr Worth Of Homes Lying Unsold In Delhi NCR: Proptiger.com

New Delhi: A total of one lakh houses worth Rs 77,000 crore is lying unsold in Delhi NCR markets because of the slowdown in the real estate industry....

Realty Industry Feels Leasing Activity Of Commercial Properties To Remain Strong

New Delhi: The real estate industry feels that the commercial segment of the industry will continue to gorw ata healthy pace in the first half of 2020...

Sunteck Realty Sells 1,600 Flats Worth Rs 600 Cr In MaxxWorld

New Delhi: Realty player Sunteck Realty Ltd has sold 1,600 apartments worth Rs 600 crore in about two weeks in the second phase of its project ‘MaxXWo...

Stress Fund For Realty Releases First Tranche Of Rs 540 Cr

New Delhi: The stress fund created by government for the realty sector cleared the first tranche of investment. Of the Rs 25,000 crore stress fund, or...

Sunteck Realty Ltd’s Net Profit Drop 31% For Q3FY20

New Delhi: Mumbai-based Sunteck Realty Ltd’s consolidated net profit dropped by about 31 percent to Rs 33.64 crore in the third quarter of the current...

Three In Every Four Millennilas Intend To Buy Property in Next 3 Yrs:Surevy

New Delhi: Three in every four millennilas in India intend to purchase a property in the next three years, according to a survey conducted by property...

Pranav Ansal Secures Bail

New Delhi: Pranav Ansal of Ansal properties and Infrastructure Ltd has secured bail and has been release from judicial custody. Ansal was first detai...

Embassy Office Parks REIT Clocks 16% Jump In Net Operating Income For Dec Quarter

New Delhi: Country first REIT, the Embassy Office Parks REIT, has clocked 16 percent jump in net operating income for the quarter ended December 2019...

Puravankara Ltd’s Net Profit Drops 40% For Q3FY20

New Delhi: Realty player Puravankara Ltd’s consolidated net profit dropped 40 percent to Rs 16.10 crore in the third quarter of the current fiscal as...

Parsvnath Developers Ltd’s Net Loss Widens To Rs 108 Cr For Q3FY20

New Delhi: Realty player Parsvnath Developers Ltd’s consolidated net loss widened to Rs 108.53 crore in the third quarter of the current fiscal as com...

Ansal Properties & Infrastructure Ltd’s Net Profit At Rs 11.54 Cr For Q3FY20

New Delhi: Ansal Properties & Infrastructure Ltd’s consolidated net profit stood at Rs 11.54 crore in the third quarter of the current fiscal as compa...

Ashiana Housing Ltd’s Suffers Net Loss Of Rs 7.11 Cr ForQ3FY20

New Delhi: Realty player Ashiana Housing Ltd’s consolidated net loss stood at Rs 7.11 crore in the third quarter of the current fiscal as compared to...

Arihant Superstructures Ltd’s Net profit Drops 42% For Q3FY20

New Delhi: Realty player Arihant Superstructures Ltd’s consolidated net profit dropped 42 percent to Rs 4.1 crore in the third quarter of the current...

Allahabad Bank Cuts MCLR By 5 Basis Points

New Delhi: Allahabad Bank has reduced the MCLR by 5 basis points across most tenors. The new rates will be effective from 14th Ferbruary. The one-yea...

Omaxe Ltd’s Net Profit Drops 15% For Q3FY20

New Delhi: Omaxe Ltd’s consolidated net profit dropped 15 percent at Rs 7.68 crore for the third quarter of the current fiscal as compared to Rs 9.04...

Dubai's Emaar Properties Sees 1.7% Drop In Net Profit

New Delhi: Dubai's realty major Emaar Properties has witnessed 1.7 percent drop in its net profit for the fourth quarter, according to newswire Reuter...

NBCC's Net Profit Drops 36% For Q3FY20

New Delhi: NBCC India Ltd’ consolidated net profit dropped 36 percent to Rs 55.54 crore for the third quarer of the current fiscal as compared to Rs 8...

Jaypee Infratech Ltd’s Net Loss Widens To Rs 427 Cr For Q3FY20

New Delhi: Jaypee Infratech Ltd’s consolidated net loss widened to Rs 426.95 crore in the third quarter of the current fiscal as compared to Rs 347.92...

D B Realty’s Net Loss Widens To Rs 150 Cr For Q3FY20

New Delhi: D B Realty’s consolidated net loss widened to Rs 149.52 crore for the third quarter of the current fiscal as compared to Rs 66.47 crore in...

Bank of Baroda To Cut MCLR By Up To 10 Basis Points

New Delhi: Bank of Baroda is reducing its MCLR by up to 10 basis points from 12 February. The bank is reducing the one-year MCLR to 8.15 percent from...

Piramal Realty Clocks Sales Of Rs 200 Cr By Sale Of 300 flats In Thane Project

New Delhi: Piramal Realty has clocked revenues of Rs 200 crore by sale of 300 flats in its project ‘Piramal Vaikunth’ in sunurban Mumbai. The project...

Indiabulls Real Estate Ltd’s Net Profit Nosedives 76% For Q3FY20

New Delhi: Indiabulls Real Estate Ltd’s consolidated net profit nosedived more than 76 percent to Rs 49.27 crore in the third quarter of the current f...

Ansal Housing Ltd’s Net Profit Widened To Rs 9 Cr For Q3Fy20

New Delhi: Ansal Housing Ltd’s consolidated net profit widened to Rs 9.04 crore in the third quarter of the current fiscal as compared to Rs 0.77 cror...

Homebuyers Write To Govt Panel Against Insolvency Code Amendment

New Delhi: Homebuyers across the country, under the aegis of Forum for People’s Collective Efforts (FPCE) has written to a government panel objecting...

SBI, BoI, OBC And Canara Bank Reduce Lending Rates

New Delhi: Home Loan EMIs are set to drop as a number of state-run banks have cut the lending rates. These reductions is in the range of 5-25 basis po...

Oriental Bank of Commerce Cuts MCLR By 5-10 Basis Points

New Delhi: Oriental Bank of Commerce reduced its MCLR in the range of 5-10 basis points with effect from 10 February.  The one-year MCLR has not be c...

Bank of India Cuts MCLR By 10 Basis Points

New Delhi: Bank of India has cut MCLR by 10 bps for maturities up to 6 months. The new rates will be applicable from 10 February. Bank Of India has c...

Nirma Grp Buys Plot For Rs 213 Cr In Ahmedabad

New Delhi: Nirma Group has bought a 13,476 square metre plot in Ahemdabad for Rs 213 crore. This was one of the three plots being e-aunctioned by Ahm...

Canara Bank Cuts MCLR In 15-25 Basis Points Range

New Delhi: Canara Bank has cut its MCLR (marginal cost of funds based lending rate) for loans and advances for all tenors in the range of 15-25 basis...

Mahindra Lifespace Developers’ MD & CEO Sangeeta Prasad Resigns

New Delhi: Mahindra Lifespace Developers’ Managing Director and Chief Executive Officer Sangeeta Prasad has resigned from her position on 7th February...

Oberoi Realty's Net Profit Rises By 8% For Q3FY20

New Delhi: Oberoi Realty Ltd’s consolidated net profit increased by about 8 percent to Rs 148.24 crore for the third quarter of the current fiscal as...

Kolte Patil Developers's Net Loss Narrows To Rs 14.32 Cr For Q3FY20

New Delhi: Kolte Patil Developers Ltd’s consolidated net loss narrowed to Rs 14.32 crore for the third quarter of the current fiscal as compred to Rs...

Budget 2020 Has Long-term Focus To Bring Economic Growth: Colliers International

New Delhi: Colliers International lauds India Budget 2020-21 for its objectives to work for ‘aspirational India’, ‘economic development for all’ and ‘...

Home Loans From SBI To Become Cheaper, MCLR Cut By 5 Basis Points

New Delhi: Country’s largest bank SBI has made home and other loans cheaper as it has announced a 5 basis points reduction in its marginal cost of fun...

Ajmera Realty's Net Profit Drops 66% For Q3Fy20

New Delhi: Ajmera Realty & Infra India Ltd’s consolidated net profit dropped 66 percent to Rs 6.44 crore for the third quarter of the ongoing fiscal a...

Home Loan Rates May Not Go Down Too Much As RBI keeps Repo Rate Unchanged

New Delhi: The Reserve Bank of India has kept the Repo rate unchanged at 5.15 percent in its monetary policy committee held today. This has come as a...

Indiabulls Housing Finance Ltd’s Net Profit Declines 44% For Q3FY20

New Delhi: Indiabulls Housing Finance Ltd’s consolidated net profit dropped 44 percent to Rs 546.87 crore for the third quarter of the current fiscal...

DLF Ltd’s Net Profit Jumps 24% For Q3FY20

New Delhi: Realty player DLF Ltd’s consolidated net profit jumped 24 percent to Rs 414.01 crore for the third quarter of the ongoing fiscal as compare...

Brigade Enterprises Ltd Reports 32% Drop In Net Profit For Q3Fy20

New Delhi: Bengaluru-based realty player Brigade Enterprises Ltd today reported a 32 percent drop in consolidated net profit at Rs 40.92 crore for the...

Colliers International Appoints Piyush Gupta As MD Of Capital Markets Biz

New Delhi: Colliers International has appointed Piyush Gupta as the Managing Director of the Capital Markets business in India. Gupta has joined Coll...

Godrej Properties's Reports 44% Decline In Area Sold In Q3FY20

New Delhi: Godrej Properties Ltd has reported a 44 percent decline in area sold in the third quarter of the current fiscal as compared to the same qua...

Puranik Builders, Montecarlo Receive SEBI Nod For IPO

New Delhi: Mumbai-based Puranik Builders and construction company Montecarlo have received the SEBI’s  nod for their proposed initial public offering...

Godrej Properties's Net Profit Jumps 9% For Q3FY20

New Delhi: Godrej Properties Ltd’s consolidated net profit increased 9.2 percent at Rs 45.5 crore in the third quarter of the current fiscal as compar...

Residents Of ‘Vipul Lavanya’ In Gurugram Protest Increase In Maintenance Fee

New Delhi: Residents of a housing society  in Gurugram have complained to the local authorities against alleged sudden and arbitrary increase in maint...

Sobha Ltd's Net Profit Goes Up BY 5% For Q3FY20

New Delhi: Bengaluru-based realty firm Sobha Ltd’s consolidated net profit increased by about 5 percent to Rs 73.2 crore for the third quarter of the...

"Not Much To Cheer About For Real Estate Industry In Budget 2020"

The real estate industry has little to cheer about after today's Budget anoouncements. Here is a look at what some of the developers across the countr...

Real Estate Industry Did Not Get Much From Budget 2020: Developers

The real esatte industry was quite hopeful of some relief measures from the Budget 2020 as it has been reeling under severe stress for many years but...

Real Estate Industry Has Mixed Reactions After The Budget

The measures announced by the Union Finance Minister Nirmala Sitharaman Today in the Budget 2020 for the real estate industry has had mixed reactions...

Tax Holiday For Developers Of Affordable Housing Projects Extended By One Year

New Delhi: Finance Minister Nirmala Sitharaman today extended benefits to the developers of affordable houses by giving them tax holiday of another ye...

LIC Housing Finance’s Net Profit Falls To Rs 602 Cr For Q3FY20

New Delhi: LIC Housing Finance’s consolidated net profit fell to Rs 602.25 crore in the third quarter of the ongoing fiscal as compared to Rs 607.29 c...

Housing.com Launches Ad Campaign

New Delhi: Property portal Housing.com has launched a campaign ‘Ghar Dhoondna Koi Inse Seekhe’  across television and digital platforms.  With an aim...

Sushil Gupta Resigns As CFO Of Orient Cement

New Delhi: Sushil Gupta has resigned from the position of the Chief Financial Officer of Orient Cement with effect from January 29, 2020, due to his p...

Piramal Realty Appoints Head Of Construction Division

New Delhi: Piramal Realty has appointed Hetal Joshi as President- Engineering, Procurement and Construction. Joshi will take care of multiple projects...

Uniplatform Tech Raises undisclosed amount from Frontline Strategy Funds

New Delhi: Uniplatform Tech, a technology enabled B2B lead multiplier platform, has raised an undisclosed amount from Frontline Strategy Funds, SucSEE...

JLL To Launch App For Housing Societies

New Delhi: Aimed at solving the problems of residential societies, property consultant JLL today announced the official launch of its first property m...

Real Estate Industry's Wish List For Union Budget

The expectations from the Union Budget 2020-21 have never been higher, and real estate definitely has a comprehensive wish list. One expectation makin...

Mahindra Lifespace Developers's Net Profit Drops 90% For Q3FY20

New Delhi: Mumbai-based Mahindra Lifespace Developers consolidated net profit dropped by a massive 90 percent at Rs 1.99 crore for the third quarter o...

Prestige Estates Projects Ltd's Net Profit More Than Trebles For Q3FY20

New Delhi: The consolidated net profit of Bengaluru-based Prestige Estates Projects Ltd more than trebled at Rs 216.4 crore for the third quarter ende...

Credit Suisse Invests Rs 71.5 Cr In Indiabulls Housing Finance

New Delhi: Brokerage firm Credit Suisse has invested Rs 71.5 crore in Indiabulls Housing Finance by purchasing 22,93,306 shares on 23 January 23. Cre...

PNB Housing Finance’s Net Profit Drops 22% For Q3FY20

New Delhi: PNB Housing Finance’s net profit declined 22 percent at Rs Rs 237.02 crore in the third quarter of the current fiscal as compared to a net...

DHFL's Net Loss At Rs 6,640 Cr For Q2FY20

New Delhi: the embattled home finance player DHFL registered a consolidated net loss of Rs 6,640.62 crore for the second quarter ended 30 September 20...

91Springboard, Google's Launchpad To Organise Event for Women Entrepreneurs

New Delhi: Google Developers Launchpad and co-working player 91springboard have joined hands to host an event for women startup leaders across the cou...

Realty Industry Demands Single window Clearance, Liquidity From The Upcoming Budget

The Union Budget to be presented by the government soon could announce some relief measures for the real estate industry which has seen slowdown for t...

CII Suggests 4-Point Program To Improve Liquidity For NBFCs, HFCs

New Delhi: For enhancing the much required liquidity to Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs), the Confederatio...

Realty Industry Demands Tax, Other Sops From Govt In Upcoming Budget

The Union Budget is just around the corner and the real estate industry is looking up to the government to provide some support by fiscal measures and...

Net Profit of Can Fin Homes Jumps 41% In Q3FY20

New Delhi: The net profit of Can Fin Homes Ltd jumped 41 percent to Rs 106.6 crore for the third quarter ended 31st December of the ongoing fiscal as...

Prestige Estate Projects’ Subsidiary Picks Up 50% Stake In Lokhandwala DB Realty

New Delhi: Realty player Prestige Estate Projects’ subsidiary, Prestige Falcon Realty Ventures has purchased 50 percent stake in Lokhandwala DB Realty...

Limit For Interest Deduction On Home Loans Should Be Hiked To Rs 5 Lakh:CII

New Delhi: The limit for interest deduction on home loans should be enhanced to Rs 5 lakh per annum from the present Rs 2 lakh, the Confederation of I...

SEBI Specifies Rules For Rights Issue Of Units By REITs, InvITs

New Delhi: After allowing REITs in the country last year, SEBI has now come up with a framework for the rights issue of units by REITs and InvITs whic...

Ajmera Realty Forms New Subsidiary For Wadala Commercial Project

New Delhi: Mumbai-based Ajmera Realty & Infra India Ltd (ARIIL) has demerged from itself Radha Raman Dev Ventures Pvt Ltd (RRDVPL). RRDVPL will now u...

Sentiments Of Real Estate Industry Now Positive

New Delhi: The sentiments among the stakeholders of the real estate industry has come back on positive territory after two consecutive quarters. The R...

Oriental Bank of Commerce Cuts MCLR By15 Basis Points

New Delhi: Oriental Bank of Commerce has slashed the marginal cost of funds based lending rate (MCLR) by up to 15 basis points for various tenors by f...

Mumbai Pips Hyderabad To Become Showstopper For PE Funding In Real Estate Sector

New Delhi: Mumbai unseated Hyderabad as showstopper in 2019 when to came to attracting highest private equity (PE) funding in the real estate industry...

Bank of Maharashtra Cuts MCLR By 45 Basis Points

New Delhi: Bank of Maharashtra has cut marginal cost of funds based lending rates (MCLR) by up to 45 basis points across various tenors with effect fr...

Top 5 Real Estate Trends To Watch Out For In 2020

1 Stalled Housing Projects May See Light Of The Day Arguably the most awaited trend that is expected to unfold in 2020 is the resumption of work on s...

Sobha Ltd Appoints Srivathsala Kanchi Nandagopal As Additional Director

New Delhi: Sobha Ltd has appointed Srivathsala Kanchi Nandagopal as Additional Director in the capacity of Non Executive Independent Director with eff...

Kamran Rizvi Appointed Government Nominee Director On Board Of NBCC

New Delhi: Kamran Rizvi, Additional Secretary (D&UT), Ministry of Housing and Urban Affairs has been appointed as Government Nominee Director on the B...

HDFC Ltd Slashes Benchmark Lending Rates By 5 Basis Points For Home Loans

New Delhi: HDFC Ltd has cut benchmark lending rates by 5 basis points for the new as well as existing borrowers of home loan.  "HDFC reduces its Reta...

2019: The Year Of Dramatic Chases, Arrests, Escapes, Re-Arrests Of Builders

New Delhi: The year 2019 will be probably be most remembered for the kind of drama unfolded on the regulatory front in the real estate industry, espec...

Pradhan Mantri Awas Yojana-Urban (PMAY-U) Entails Investment Of Rs 5.7 Lakh Cr

New Delhi: The Pradhan Mantri Awas Yojana-Urban (PMAY-U) will entail an investment of Rs 5.7 lakh crore and the central assistance in the programme wi...

Singapore's GIC Investing Rs 430 Cr In Prestige Estates

New Delhi: GIC of Singapore is investing Rs 430 crore in Bengaluru-based realty player Prestige Estates by way of preferential issue of equity shares....

NAREDCO, GRIHA Join Hands To Promote Green Buildings

New Delhi: With an objective to promote green buildings in the country, the National Real Estate Development Council (NAREDCO) has inked a Memorandum...

Loans Worth Rs 60,000 Cr Given To Mumbai Developers Unlikely To Be Recovered

New Delhi: Around Rs 60,000 crore worth of loans given to the developers of Mumbai by banks and NBFCs are severely stressed, according to ANAROCK Prop...

Indiabulls Real Estate Ltd To Sell Gurugram, Mumbai Properties To Blackstone For Rs 810 Cr

New Delhi: Indiabulls Real Estate Ltd (IBREL) has signed agreements with Blackstone Group to sell its commercial projects in Gurugram and Mumbai for a...

2019: A Year Of Hope And Despair For Real Estate

The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India’s first...

Knight Frank India Appoints Srinivas Anikipatti As Senior Director, Tamil Nadu & Kerala

New Delhi: Knight Frank India has appointed Srinivas Anikipatti as the Senior Director, Tamil Nadu & Kerala.  Srinivas will take care of investments,...

Delhi-Mumbai, Which Is A Stronger Real Estate Destination

The nation’s financial capital or the seat of power and politics - Delhi or Mumbai. Which is the better city to live, travel or invest in? There is no...

Allahabad Bank Reduces MCLR By 5 Basis Points

New Delhi: Allahabad Bank has reduced its MCLR by 5 basis points for all tenors.  The one-year MCLR has been reduced to 8.30 percent from 8.35 percen...

Godrej Properties Adds 4 Projects In Mumbai, Bengaluru With Total Developable Area Of 12.70 mn sq ft

New Delhi: Mumbai-based Godrej Properties will develop four new projects in Mumbai and Bengaluru with a total developable area of 12.70 million sq ft....

The Severe Impact Of Climate Change On Real Estate

Sea levels across the world are rising as the climate gets warmer and glaciers and ice sheets melt at an alarming rate. Global warming and the reality...

SBI, Bank of Baroda, Union Bank, UCO, Bank of India, HDFC Cut Lending Rates, Home and Other Loans To Get Cheaper

New Delhi: Despite the Reserve Bank of India keeping the Repo Rate unchanged in its latest review of the monetary policy, the commercial banks seem to...

Luxury Property Prices In Mumbai Likely To Fall Next Year

New Delhi: The prices of luxury homes in Mumbai are expected to go down by 1 percent next year, according to a report by property consultant Knight Fr...

SBI, Bank of India, HDFC Reduce Lending Rates, Home and Other Loans To Become Cheaper

New Delhi: There is good news for homebuyers who wish to take home loans. A number of government and private banks have just reduced MCLR rates, there...

Mumbai’s Dombivli Ranks 1st Among Top 10 Most Active Residential Micro-markets

New Delhi: Mumbai’s Dombivli has ranked 1st among the top 10 most active residential micro-markets in the country, based on the number of new houses l...

SBI Makes Home and Other Loans Cheaper

New Delhi: State Bank of India (SBI) has announced cutting its marginal cost of fund based lending rate (MCLR) by 10 basis points across all one-year...

Sunteck Realty's New Sales Bookings Drops 52% in H1FY20

New Delhi: Mumbai-based Sunteck Realty Ltd’s new sales bookings for the first half of the current fiscal dropped 52 percent to Rs 287.4 crore as compa...

Residential Property Prices Falling In Delhi NCR

New Delhi: The prices of under construction houses across all micro-markets in Delhi NCR are showing a decreasing trend, according to the data compile...

Real Estate Industry Disappointed After RBI Keeps Repo Rate Unchanged

New Delhi: The Reserve Bank of India (RBI) has kept the Repo Rate unchanged at 5.15 percent in its monetary policy review today, dashing hopes for fur...

Ansal Housing Ltd Sells Its Subsidiary

New Delhi: Ansal Housing Ltd has sold its wholly owned subsidiary Enchant Constructions Private Ltd. The subsidiary has been purchased by M G Chemoil...

Kolte Patil Pays Rs 70 Cr As Second Tranche To ICICI Venture

New Delhi: Pune-based Kolte-Patil Developers Ltd (KPDL) has paid Rs 70 crore in second tranche to buy out ICICI Ventures Funds Management Company Ltd’...

Rs 1 lakh Cr Lent By Banks, NBFCs To Realty Firms Under Severe Stress

New Delhi: About Rs 1 lakh crore of the money lent by the banks and NBFCs to the real estate companies is currently facing severe stress, according to...

This Listed Realty Player Plans 4x Expansion Of Its Office Portfolio, 2x Expansion Of Its Retail Assets

New Delhi: Despite sluggishness real estate market across the country, Mumbai-based realty player Phoenix Mills Ltd plans major expansion across the c...

DeMo, RERA, GST Has Made Delhi NCR Realty Passive; Property Prices Knocked Down 3% In Last 3 Years

New Delhi: Various reforms introduced by the government like Demonetization, RERA and GST has made the real estate market in Delhi NCR passive and the...

Can Severe Pollution In Delhi NCR Hit Real Estate Prices In The Region?

New Delhi: Delhi has consistently ranked as the most polluted city in the world in the last several years and about half residents of Delhi NCR in a r...

With A Slew Of Project Launches Lined Up, Godrej Properties Expects This Fiscal To Be Better Than The Last One

New Delhi: Mumbai-based Godrej Properties hopes the current financial year will be better than the last one as it has plans to launch quite a few proj...

SBP Grp To Invest Rs 930 Cr As It Plans Expansion In North India

New Delhi: Realty player SBP Group plans to invest Rs 930 crore in the next 2-3 years as it expands in various North Indian cities and also forays int...

Even After DeMo, Cash Still Rules The Roost In Realty Deals

New Delhi: Even three years after DeMo – India’s surgical strike against black money - up to 30% of the total transaction value on the secondary (resa...

Now A Portal To Track Subsidy Applications For PMAY-U

New Delhi: Government has launched a CLSS Awas Portal through which homebuyers seeking to get housing subsidy under the Pradhan Mantri Awas Yojna (PMA...

Rentals In Khan Market In Delhi Among World's Highest

New Delhi: Delhi’s Khan Market has emerged as the one of the most expensive destinations in the world in term of rentals. The market has an annual ren...

Second Home Purchase By Indians Likely To Go Down When Aadhar-Property Linkage Becomes Mandatory

New Delhi: Then whispers of a law making it mandatory for individuals to link their property with their Aadhar cards is getting louder and, if and whe...

DB Realty Increases Stake In Its Subsidiary

New Delhi: DB Realty Ltd has increased its stake in its subsidiary DB (BKC) Realtors Pvt Ltd to 66.35 percent from the existing 57.17 percent. DB Rea...

Amid Severe Sluggishness In Realty Sector, This Builder To Come Up With IPO To Raise Rs 1,000 Cr

New Delhi: Amid difficult times and severe liquidity scenario for the real estate sector, builders are looking at different ways to get money. But Ini...

Demand Of Builders To Bar Single Homebuyer To Approach NCLT "Illegal":FPCE

New Delhi: The appeal of the realty players to amend the provisions of the Insolvency and Bankruptcy Code (IBC) so as to have consent of a certain per...

Mumbai Will Take Lions's Share Of Rs 25,000 Cr Stress Fund; Over Half Of Delayed Projects In Maximum City

New Delhi: New Delhi: The newly announced stress fund of Rs 25,000 crore would be most beneficial to the Mumbai real estate market as the city has mor...

Int On Promoters' Loan Cut by Arihant Superstructures Owning To "Tough Environment"

New Delhi: Difficult times in the real estate market has caused real estate firm Arihant Superstructures Ltd (ASL) to cut interest rate on the loans g...

NBCC Receives Tender For Another 1,000 Amrapali Flats

New Delhi: NBCC Ltd has got a tender for completing 1,000 apartments in certain projects in beleaguered realty firm Amrapali Group, even as the state...

NBCC Will Invest Its Own Capital In Jaypee Infra Projects, Proposes Rs 120 Cr In First Tranche

New Delhi: State-run NBCC Ltd will not take up Jaypee Infra on project management consultancy (PMC) basis but will invest its own capital to construct...

Godrej Properties Sees 44% Jump In Booking Value Of New Area Sales In H1FY20

New Delhi: Godrej Properties has recorded a 44 percent jump in booking value of the new area sales in the first half of current fiscal as compared to...

Prestige Estates Acquires 29% In DB Realty’s Mumbai Project

New Delhi: Real estate player Prestige Estates Projects Ltd (PEPL) has bought a 29 percent stake in a DB Realty’s commercial project in Mumbai. Prest...

Arihant Superstructures Acquires Land In Taloja For Affordable Project

New Delhi: Realty firm Arihant Superstructures Ltd (ASL) has acquired 2 acre plot in Taloja (near Mumbai) and plans to launch an affordable housing pr...

Pune, Chennai, Kolkata See Drop In Unsold Property Stock

New Delhi: The stock of unsold residential property in various cities has been declining gradually. In Pune, the unsold stock of property has will tak...

Maharashtra Has Maximum RERA Registered Projects: ANAROCK

New Delhi: The real estate industry in the country is slowly coming to terms with RERA and more and more projects and agents are getting registered wi...

Indian Industry Welcomes Investment By UAE In Smart Cities, Infra

New Delhi: The Smart Cities programme of the Indian government presents huge business opportunity for UAE and the gulf country must come forward to ta...

Unsold Stock Of Houses In Top Cities Will Take 30 Months To Clear : ANAROCK

New Delhi: Despite the sluggishness in the residential real estate market Mumbai, the stock of unsold property in the top seven cities of the country...

Net-worth Negative Realty Projects Must Be Turned In To Positive By Attaching Personal Assets Of Builders: Homebuyers' Body

The government has announced setting up of Rs 25,000 crore Alternaive Investment Fund (AIF) to provide financial help to stuck residential real estate...

Brisk Sales Of Residential Property This Diwali

New Delhi: After a longish lull in the residential real estate market, there was some respite for the developers as the sales jumped in double digit f...

Sales of Homes In Gurugram, Noida Reduced To Half In Q2FY20: Proptiger.com

New Delhi: Sales of residential property in Gurugram and Noida, two of the prime real estate markets in the country, were down 47 percent in the secon...

Sunteck Issues Commercial Papers With Rs 25 Cr Value

New Delhi: Sunteck Realty Ltd has issued commercial papers of Rs 25 crore offering interest of 8.25 percent per annum. The commercial papers have been...

Homebuyers Urge PM Modi To Include Non-RERA Projects For Financial Help From AIF

New Delhi: Homebuyers have asked the Prime Minister Narendra Modi to make changes in the conditions of the Alternate Investment Fund (AIF)  announced...

Jaypee Infratech’s Net Loss Widens To Rs 434.52 Cr For Q2FY20

New Delhi: Jaypee Infratech’s net loss has widened to Rs 434.52 crore for the second quarter of the current financial year as compared to Rs 368.16 cr...

SBI Lowers MCLR By 5 Basis Points, Home Loans To Become Cheaper

New Delhi: State Bank of India (SBI) today announced cutting down its SBI MCLR or marginal cost of fund based lending rate by 5 basis points for all t...

Rs 25,000 Cr Insufficient; Rs 35,000-45,000 Cr Needed To Complete Eligible Stuck Housing Projects: ICRA

The Alternate Investment Fund (AIF) of Rs 25,000 crore announced by the government for the realty sector may be insufficient to complete the 4.58 lakh...

All The Frequently Asked Questions & Their Answers For Rs 25,000 Cr Fund For Realty Sector

In a big relief to the money-starved real estate sector in the country, the government plans to set up an Alternate Investment Fund (AIF) of Rs 25,000...

Indiabulls Housing Finance's Net Profit Dips 32% at Rs 702 Cr in Q2FY20

New Delhi: Indiabulls Housing Finance Ltd’s net profit dropped 32 percent at Rs 702.18 crore in the second quarter of the current financial year as co...

Indiabulls Real Estate Ltd Sells Off London Property For Rs 1,830 Cr

New Delhi: As parts of its plan to reduce debt, Indiabulls Real Estate Ltd (IREL) has sold off its property in London to a firm owned by its promoters...

GIC Housing Finance's Net Loss Rs 9.97 Cr for Q2FY20

New Delhi: The net loss of GIC Housing Finance stood at Rs 9.97 crore for the second quarter (Q2) of the current fiscal 2019-20 as against a profit of...

New Financing Options for Self-redevelopment Of A Property

New Financing Options for Self-redevelopment In a bracing and timely new trend, progressive consultancies offering specialised services and financial...

CBRE To Provide Real Estate Services To Novartis

New Delhi: Real estate consultancy CBRE has been appointed as the exclusive provider of international real estate services for pharmaceutical major No...

How Can An NRI Invest In Indian Real Estate

There are a number of NRIs living in different parts of the world and want to invest in the Indian real estate market but they are often hesitant to d...

Home Buyers, Industry Express Concern On Delay In Setting Up Stress Fund For Realty

New Delhi: A stress fund for the real estate sector, which was announced last month by Finance Minister Nirmala Sitharaman, can bring some relief to t...

Hyderabad, Kolkata See Massive Drop In Homes Sales In Q3, 2019

New Delhi: With a slowdown in the economy and job prospects remaining bleak for quite some time in the country, the sales of housing properties have g...

PE Investment In Indian Real Estate Market Jumps 19%

New Delhi: The private equity (PE) investment in the Indian real estate market jumped nearly 19 percent to USD 3.8 billion in the first nine months of...

PNB Housing Finance Ltd’s Net Profit Jumps 45% At Rs 366.8 Cr For Q2FY20

New Delhi: PNB Housing Finance Ltd’s net profit jumped 45 percent at Rs 366.8 crore in the second quarter of the current fiscal as compared to Rs 253...

Government To Regularise 1797 Unauthorised Colonies Of Delhi

New Delhi: With Delhi assembly elections close by, the central government has legalized 1797 unauthorized colonies in Delhi which will make it possibl...

Number Of Homes Sold Goes Up 13% In First 9 Months Of 2019: ANAROCK

New Delhi: Despite the NBFC crisis looming large over the realty industry for over a year now, there has been a 13 percent increase in the number of h...

Mahindra Lifespace Developers Net Profit Tanks 63% At Rs 15 Cr For Q2FY20

New Delhi: Realty firm Mahindra Lifespace Developers net profit declined by a whopping 63 percent for the second quarter at Rs 15.04 crore as compared...

HDIL Appoints Knight Frank To Value 40 Properties Secured With PMC Bank

New Delhi: Beleaguered realty firm HDIL has appointed property consultant Knight Frank to conduct valuation of the 40 properties that it has secured w...

LIC Housing Finance Ltd Net Profit Jumps 36% For Q2FY20

New Delhi: LIC Housing Finance Ltd’s consldated net profit jumped 36.4 percent at Rs 767.9 crore for the second quarter ended 30th September, 2019. Th...

Project Registrations With RERA Up 40%

New Delhi: There has been a 40 percent jump in project registration with various RERA authorities in the country in the last one year. About 45,307 pr...

New Launches Of Residential Projects Down 13% In Latest Quarter

New Delhi: The number of new residential properties launched in third quarter (Q3) of 2019 went down by almost 13 percent as compared to the same quar...

Not Being In Growing Real Estate Business Segments Is A “Threat” For Parsvnath Developers Ltd

New Delhi: Realty firm Parsvnath Developers Ltd considers it as a “threat” for itself that while the real estate industry is moving towards new segmen...

Ansal API, Supertech, Parsvnath & Logix Emerge As Developers Against Which Most Complaints Received By UP-RERA

New Delhi: Ansal Properties and Infrastructure Ltd, Supertech Ltd, Parsvnath Developers Ltd and Logix City Developers have emerged as developers again...

Most Complaints Received By UP-Rera Are From Delhi NCR-based Projects

New Delhi: Even though the number of projects registered with UP-RERA in Delhi NCR (primarily Gautam Budh Nagar and Ghaziabad) and the rest of the sta...

No Increase In House Prices in Noida In 4 Yrs

New Delhi: The prices of residential property have remained almost the same in Noida in the last four years or so. The prices of under construction re...

WeWork Entering Noida Market With 3900 Co-working Seats

New Delhi: Co-working space provider WeWork is entering the Noida market in Delhi NCR in major way and plan to have 3900 seats spread over three facil...

Average Size Of Deals In Co-working Segment Going Up: JLL

New Delhi: The average size of deals in co-working segment of real estate sector increased from 37,000 sq ft in 2017 to 52,000 sq ft in 2018. It furth...

Bank Of Maharashtra Cuts MCLR Rate By 10 Basis Points: Home Loans To Become Cheaper

New Delhi: Bank of Maharashtra has reduced its marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors, it said in a regula...

Trust Among Home Buyers Low But Projects of Brands Like Tata, Mahindra, Godrej, Shapoorji, DLF Are Selling: Deepak Parekh

New Delhi: Owing to default and non-completion of projects by developers, the confidence among the homebuyers across the country has been dented and p...

Realty Sector Likely to Get USD 50 billion in 2019 As Institutional Investment :JLL

New Delhi: Real estate sector in India will get USD 50 billion in the current calendar year as institutional investment, said JLL in a report. This wi...

P K Gupta Appointed As CMD Of NBCC Ltd

New Delhi: State owned construction company NBCC Ltd has appointed P K Gupta as its Chairman & Managing Director (CMD). He replaces Shiv Das Meena who...

SBI Cuts MCLR By 10 Basis Points, Home Loans To Get Get Cheaper

New Delhi: After the Reserve Bank of India (RBI) cut Repo Rate earlier this month, State Bank of India (SBI) has announced reduction of 10 basis point...

Share Prices Of Housing Finance and Realty Cos Down Sharply Today

New Delhi: Share prices f some of the housing finance companies and some real estate companies tanked today with Dewan Housing Finance Ltd (DHFL) lead...

RBI Cuts Repo Rate by 25 Basis Points, Home Loans May Get Cheaper

New Delhi: As widely expected by economists and others, the Reserve Bank of India cut Repo Rate by 25 basis points today to spur boost spending and re...

Govt Cuts Interest Rate on House Building Advance To Spur Housing Sales

New Delhi: Aiming towards creating more demand for residential real estate, the government today lowered the interest rate on House Building Advance p...

DLF Pays Rs 8,700 Cr To JV Firm To Settle Dues

New Delhi: DLF Ltd has cleared all the dues amounting to Rs 8.700 crore towards its joint venture company DLF Cyber City Developers Ltd (DCCDL) by way...

Residential Property Prices Remain Same In The Last One Year

New Delhi: Residential property prices in the top seven cities have largely remained the same in the third quarter (Q3) of the current calendar year a...

NoBroker.com Raises USD 50 Mn

New Delhi: Real estate startup NoBroker.com has raised USD 50 million in its Series D funding. This round of funding was led Tiger Global Management a...

Share Prices Of Indiabulls Housing Finance Tanks 34%

New Delhi: The share price of Indiabulls Housing Finance Ltd tanked a massive 34 percent today to close at Rs 255.50. The company was to be merged wit...

Affordable Homes Shrinking In Size. What’s The Average In Your City?

New Delhi: The average sizes of all residential units have gradually been going down across all categories in the big cities of the country. Affordabl...

Delhi And Mumbai Have Opposite Age Profiles Of Home Buyers

New Delhi: When it comes to age profile of home buyers in the country, Delhi and Mumbai have exactly opposite trends. In Delhi, about 37 percent home...

This Realty Startup Secures USD 20 Million Funding Amid Sluggish Market

New Delhi: At a time when there is an overall slowdown in the economy and sluggishness in the real estate sector, Gurugram-based property brokerage fi...

Are You Really Buying RERA Registered Property Or Has The Builder Fudged RERA Registration?

New Delhi: You may be thinking that you are buying a property in a project that is RERA registered since the builder has provided RERA registration nu...

Ajnara Ltd Will Invest Rs 300 Cr In Mixed Use Project In Ghaziabad

New Delhi: Realty firm Ajnara India will invest Rs 300 crore in its mixed use project ‘Ajnara Fragrance’ at Raj Nagar Extension (RNE) in Ghaziabad, it...

DLF Sells Land Parcel To AMEX In Gurugram At Rs 32 Cr Per Acre

New Delhi: Realty player DLF Ltd has sold a 9-acre land parcel in Gurugram to American Express (India) Pvt. Ltd at the rate of Rs 32 per acre, it said...

Real Estate Brokers Beware! Two Agents In Maharashtra Fined For Selling Unregistered Projects

New Delhi: Agents selling real estate projects that are not registered with RERA authorities can land in trouble. In a suo motu case, the Maharashtra...

Cheaper Home Loans: SBI Cuts MCLR By 10 Basis Points

New Delhi: Home and other loans from State Bank of India (SBI) are set become cheaper. The largest lender in the country has announced a 10 basis poin...

Share Of NBFC/HFC Financing To Realty Developers At All Time High Of 56% In FY19

New Delhi: The share of money lent to realty developers by NBFCs and HFCs as compared to banks has been going up steadily over the years in the countr...

NBCC Saddled With Rs 800 Cr Worth Of Unsold Real Estate Inventory

New Delhi: State-run construction company NBCC Ltd, which mostly undertakes projects on commission basis, is saddled with its own unsold real estate i...

Data Industry to Double by FY21-22, Fuel Growth Of Data Centres: JLL-CII

New Delhi: The data industry in the country is estimated to double by financial year 21-22 from the last fiscal, fuelling growth of data centres, says...

Share Of Co-working In Overall Office Leasing At All Time

New Delhi: The share of co-working spaces in the overall leasing activity of offices in the country has continuously been rising for the past few year...

Three Bengaluru-based Real Estate Biggies To Join Coliving Band Wagon

New Delhi: Three Bengaluru-based realty players- Brigade Group, Embassy Group and Puravankara Ltd are entering the co-living business and have grand p...

Brigade Group Plans To Double Area Under Lease In Current Fiscal