Real estate shares are under significant selling pressure due to high inflation and interest rates, with notable declines across major companies like DLF and Unitech.
Shares of Mumbai-based real estate firms fell sharply following reports of a proposed stamp duty hike by the Maharashtra government, prompting concerns over market demand.
Real estate CEOs in India are opting for modest pay increases this year compared to past trends, reflecting a shift in industry compensation practices.
HDIL will book INR 350 crore in the remaining quarters following an Income Tax raid, denying any hidden income or tax evasion.
HDIL's first quarter results show signs of recovery in the domestic realty sector, with both volumes and prices increasing.
The real estate sector faced a significant decline in today’s stock market, with Unitech leading the fall with a 51% drop.
HDIL plans to raise ₹1,000 crore for Mumbai airport modernization, relocating 80,000 slum families. This surpasses the Dharavi project in scale and involves a 53-acre plot acquisition for ₹1,900 crore.
Indian real estate developers halt land acquisitions amid market downturn, rising interest rates, and funding challenges. Tepid sales and cash crunches force project delays and potential distress sales.
Delhi Development Authority (DDA) plans to redevelop 30 slum clusters with private developers, offering higher FAR for increased profitability, similar to Mumbai's successful projects.
Real estate stocks have plummeted, with the BSE Realty Index down 68.5% in 2008. DLF announced a buyback, while analysts predict further decline due to slowdowns, rising input costs, and high interest rates.
The advertising sector is feeling a pinch as top developers like DLF and Omaxe reduce budgets by 5%, reflecting a downturn in real estate markets.
Realty stocks surge in afternoon trade, with BSE Realty index up 3.7%. DLF leads with a 7% gain, followed by other prominent players like Unitech and India Bulls Real Estate.
HDIL announced a $250 million investment from DE Shaw in its affiliate Mack Star Marketing for a commercial complex in Andheri amidst a challenging real estate market.
RBI's decision to hold interest rates steady has disappointed the real estate sector, which is grappling with a housing slowdown. Industry experts express concern over high mortgage costs and anticipate varied impacts across markets.