While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
The trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time.
Smart homes that do your everyday tasks are now coming on the Indian market. Several real estate firms are making this reality as they venture into constructing automated homes.
Real estate companies' borrowing costs have moved up by a third in the last one and a half years, from 11.5-12 per cent to 16 per cent now.
Former Telecom Minister A Raja's aide Sadiq Batcha was found hanging at his Chennai residence on Wednesday, police sources said.
Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 1.38 lakh units this year on lower demand because of the COVID-19 pandemic, according to property consultant Anarock. New housing supply, too, is likely to fall 46 per cent to 1.28 lakh units in 2020 in seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata.
Israeli businessman Yitzhak Tshuva, who controls the Elad Group, has sold his 60 per cent stake in the Plaza Hotel, a report in the Israeli daily newspaper Haaretz said.
BSE Realty index and BSE Bankex indices surged by over 2%.
To reduce its mounting debt, DLF, the country's biggest real estate company, is set to sign a deal with Mumbai-based Lodha Developers for selling one of its showcase non-core assets the 17-acre National Textile Corporation (NTC) land in Mumbai.
In the third part of the series on real estate hotspots in India, estatelister.com highlights why Ahmedabad could emerge as a long-term investment bet.
In the March quarter analysts' presentation, the company had said it was targeting to raise a total of Rs 10,000 crore (Rs 100 billion) from non-core asset sales in the medium term.
Most developers Business Standard spoke to claimed a 25 to 30 per cent spurt in sales to NRIs over the last two months.
With a huge debt burden of Rs 22,758 crore, DLF is scrambling to sell non-core assets to give itself some breathing room.
Real estate companies betting big on tier II and tier III markets sold more stock than firms focused on metros.
Mumbai developers are battling high inventory.
The mega real estate loan scam could delay the initial public offers of over half a dozen real estate developers because of poor investor sentiment, said bankers and analysts tracking the sector.
Unitech has already tied up with hospitality chain Carlson for the Gurgaon property, and with Marriott for both the Noida and Kolkata hotels.
The Central Bureau of Investigation will file this week its first chargesheet into the 2G spectrum scam against former telecom minister A Raja and some of his close aides besides a couple of real estate companies for allegedly defrauding the exchequer and entering into a criminal conspiracy in securing the telecom licenses.
Hence, at the end of the day the reason why people are not buying real estate is because real estate, especially in the larger cities, is terribly expensive.
Immigration officials at Mumbai's Chhatrapati Shivaji International Airport detained mine owner and Karnataka MLA Santosh Lad on Thursday morning while he was on his way to Dubai. Lad, who represents the Kalaghatgi constituency in Dharwad, was wanted by the Delhi Police in connection with a cheating case.
Shahid U Balwa, one of the promoters of the leading real estate company, DB Realty, as well as the controversial Swan Telecom (now Etilisat DB Telecom), has been questioned by the Central Bureau of Investigation.
Since the last few years, group buying has been touted as a viable option for home buyers looking forward to get attractive discounts.
A growing number of investors from India are showing interest in Dubai as they look to capitalise on 60 per cent savings per square foot in the Dubai property market, a Dubai-based real estate company has said.
An over 80,000 page first chargesheet with annexures will be filed by the Central Bureau of Investigation on Saturday in the 2G spectrum scam case against former Telecom Minister A Raja, some of his close aides and a couple of real estate companies for allegedly defrauding the exchequer and entering into a criminal conspiracy for securing telecom licenses.
Sadiq Batcha, a key aide of former telecom minister A Raja, is said to have committed suicide at his residence in Chennai on Wednesday.
The Haryana government removed senior IAS officer Krishan Mohan as the state's home secretary after the Central Bureau of Investigation booked him and a real estate company in a graft case in a multi-crore mega project in the city.
Lavasa Corporation, the real estate arm of Hindustan Construction Company (HCC), filed a draft prospectus with the Securities and Exchange Board of India for an initial public offer (IPO), even after several developers have been keeping similar plans, after filing these, on hold for several months.
It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some others are "continuing and further investigations are in progress."
Within a week of the CBI arresting senior bankers in the housing finance racket, the competition watchdog CCI on Monday said 11 real estate companies are already under its scanner.
Tata Communications on Monday said it had not received any communication from the Department of Telecommunications (DoT) on the issue of demerger of the company's surplus land.
The BSE Realty index fell 11 per cent over the last month and eight per cent over the week as real estate companies reported margin pressures in the September quarter.
The downturn in the aviation industry has not discouraged real estate companies, flying academies and large industrial houses from India eyeing private airport development.
Ansal has received bookings for 1.66 million sq ft of space in January.
Managing Director Vinod Goenka says the company is not looking at restructuring.
The LED shows were held thrice and will be repeated on Thursday along with complimenting Dubai Fountain shows.
Home sales continue to show declining trend in cities such as Mumbai and national capital region because of high home loan rates and property prices.
Patel has already been questioned by the ED in an another money laundering case linked to the aviation scam.
Money Matters Financial Services, whose managing director and two top executives were arrested by the Central Bureau of Investigation in relation to real estate scam, did a debt syndication for at least four real estate companies to the tune of Rs 5,300 crore (Rs 53 billion) since April 2008, an analyst report said.
Apartments likely to be in the Rs 5-10 crore range each.
Real estate companies appear to be the worst hit by the ongoing global uncertainties, coupled with the new norms for primary market issuances.
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