With projects ranging from affordable to premium, Tata Housing Development Co Ltd says it expects to be among the top three real estate entities in the next five years.
Monetary policy measures give temporary respite to rate-sensitive companies.
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.
The much-awaited real estate investment trusts (REITs), which invest directly in real estate projects after collecting funds from investors through stock exchanges, are set to see their entry in Indian markets with the Securities and Exchange Board of India (Sebi) on Friday putting out draft rules for such trusts.
Ambegaon is going to be one of Pune's most vibrant real estate boom areas over the next 10 years.
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.
The property rates in the ready reckoner for Mahrashtra may drop marginally reflecting the subdued sentiments, sources said. A final decision may be taken on Wednesday. The property ready reckoner is prepared by the office of the inspector general of registration and stamp duties on the basis of transactions in real estate sector in respective areas.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
In bad times, informed investors, too, end up making mistakes in the real estate market. Here's how to avoid the pitfalls
New supply of office space across seven major cities fell 4 per cent annually in the July-September quarter to 12.8 million square feet while gross leasing of prime workspace rose 17 per cent, according to Vestian. In its report released on Wednesday, real estate consultant Vestian said the fresh supply of office space in Hyderabad declined 25 per cent in the July-September quarter to 4.10 million square feet.
United States President-elect Donald Trump on Tuesday announced the nomination of popular Fox News host and Army veteran Pete Hegseth, 44, as his defence secretary.
The July-September quarter (Q2) results for 2024-25 (FY25) from the largest listed consumer electrical solutions companies, Havells India and Polycab India, followed similar trends, demonstrating robust revenue growth while falling short of profitability expectations. Both companies witnessed overall growth in the 16-30 per cent range, but margins declined by 130-290 basis points (bps) year-on-year (Y-o-Y). Although brokerages are bullish on long-term prospects and have raised revenue projections, earnings forecasts have been revised downward due to margin pressures.
The fund, which will be launched next month, will have a tenure of ten years and the money will be invested in projects within three years. The fund from the country's largest private equity fund (it manages assets of over $2.5 billion in a diversified portfolio) comes just 18 months after it launched a real estate fund of $500 million. Of this, it has already invested 70 per cent in various projects.
"Land is the riskiest form of speculative real estate, which is why there are huge swings in land value," said Deepak Parekh, Chairman, HDFC in a key note address at a function organised by the Federation of Indian Chambers and Industry in Mumbai on Wednesday.
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
Real estate investment trusts may not be attractive enough.
The Bill will facilitate setting up real estate regulators.
In the first of its kind among property consultants, the UK-headquartered Knight Frank Group will launch a $250 million India-focused real estate fund.ICICI Prudential Mutual Fund recently launched its real estate securities fund, which is the first real estate mutual fund in India.
More than other businesses, Indian developers and contractors are particularly reliant on ties with the government to acquire land or win contracts.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
India's first REMF could well present itself as an investment option soon. But remember to check out the risks and the benefits
Companies dismiss reports of a glut saying the demand for property remains robust.Unitech's consolidated profit numbers, for instance were way below expectations at Rs 401 crore (Rs 4.01 billion), thanks to a delay in some of its projects and the resulting lower revenues. But at the end of October, the stock was trading at levels of Rs 383, up about 50 per cent since August.
From 690,800 sq ft in 2013, the absorption by e-commerce companies in Chennai dropped to 31,150 sq ft last year.
The performance of real estate companies is dependent on a lot of intangibles and is prone to errors in assumptions.
'The shifts in US involvement in global conflicts and geopolitical alliances could introduce uncertainties.'
While riskier than debt, Sebi's stringent guidelines may ensure a safe and liquid product.
While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
Former IPL Commissioner Lalit Modi made a sensational claim that three Chennai Super Kings player had links with a real estate tycoon, who is also a bookie and has close links with Gurunath Meiyappan and other IPL franchisee owners.
As we had expected, real estate stocks have seen a slump in prices. The downturn may continue, so it's better to stay away.
The government should provide home loan up to 25 lakh at a lower interest rate of 5 per cent to the people of the middle class, a prominent realtors' body appealed to the government against the backdrop of soaring home prices. G Hari Babu, president of the National Real Estate Development Council (Naredco), in an online interaction with Business Standard, said that the middle class in India accounts for roughly 30 per cent of the total population and is dependent on rental accommodation.
The real estate sector presents a daunting picture with revival prospects appearing to be bleak.
Pre-launch projects are tricky. Here's what to look for before investing.
Discounts could be luring but onus of due diligence is always on buyer
Director of Unitech, Sanjay Chandra believes that with income levels and economy, both rising, the end-users or buyers are still there in the market and very actively still buying and does not expect any slowdown.
A stable government at the Centre and its plans to set up smart cities has revived investors' interest in the country with Mumbai, Delhi and Bangalore set to emerge as hot investment destinations in 2015.
For the real estate sector, Diwali was the worst period after the global recession struck in 2008-09.
Of the 10 projects under Sahara City Homes, at least four -- in Ahmedabad (Gujarat), Aurangabad and Pune (Maharashtra) and Bareilly (Uttar Pradesh) -- have either not taken off or are stuck.