Omaxe Ltd reports strong sales growth for the first half of the fiscal year, with a 26% increase in property sales. The firm attributes its success to higher average realization rates.
Credai Maharashtra praises state's decision to reserve 20% of flats for the weaker section in developments on one acre of land. The policy aims to reduce slums and provide affordable housing.
Realty major Unitech Ltd reported a 50% decline in property sales during the first half of the current fiscal due to global market slowdown.
Parsvnath Developers to invest ₹1,100cr in Gurgaon-Sohna road township, aiming ₹2,700cr revenue in 4 years.
A recent survey of India's top cities reveals a struggling real estate sector with substantial unsold inventory, particularly in Delhi-NCR, Mumbai and Bangalore.
Mumbai residential buildings at high fire risk, with 90% violating safety guidelines in recent inspections.
Property prices may drop 12-17% in Delhi-NCR, Mumbai, and high-end markets by next Diwali, as developers aim to reduce inventory and increase sales. New launches have decreased significantly.
Bangalore's suburban expansion is driven by improved infrastructure like expressways and the Metro. These developments connect business centers, IT hubs and residential areas.
In the first half of the year, India's major cities witnessed the launch of 1.32 lakh homes, a 5% increase compared to last year. New launches have declined in Q3.
DLF and Oberoi Realty report decline in net profit in Q2 due to slow property market and high interest rates. Both companies sold assets to reduce debt.
Dalmia Group’s Landmark exits Wave Group's Ghaziabad project, earning 3.16 times its initial investment of Rs 111.26 crore amidst market slowdown.
The Securities and Exchange Board of India (Sebi) is considering incentives to attract investors into Real Estate Investment Trusts (REITs).
Indian housing prices saw a modest quarterly increase of 0.89% yet remain 14-15% higher yearly. Lucknow, Ahmedabad and Kochi experienced the most significant growth.
Tier-II and Tier-III cities in India are experiencing significant growth in residential real estate transactions, contrasting with the slowdown in major metros.
The Indian Government plans to appoint real estate experts to revise housing policies and streamline project approvals in 15 states.
Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.
Bangalore's real estate market regains momentum with Sobha and Prestige leading in sales and investor interest, reflecting the city's strength in the sector.
Real estate investment in Uttar Pradesh surged 106% between 2008-09 and 2012-13, attracting Rs. 14,000 crore and ranking sixth nationally, according to ASSOCHAM.
Gurgaon faces severe power and water shortages, impacting residents and raising concerns about civic standards. Waste management issues further compound the problems.
Bollywood actor Imran Khan has paid tribute to his grandfather, Nasir Hussain, by naming his renovated ancestral home 'NH Bungalow'. The housewarming party was a star-studded event.
Bollywood actress Sagarika Ghatge has filed a case against a realty firm for using her photos for promotion after their contract ended in 2011.
Water shortages are impacting real estate construction, especially in urban areas. Increased costs for water are driving up property prices and potentially halting projects.
With the decline in gold prices, investors are opting for gold over real estate, causing a shift in investment patterns.
Vasundhara Enclave in Delhi-NCR has the potential to attract end-users but is facing weak demand for housing units. Property prices are stable with low demand.
Bollywood actress Shilpa Shetty enters real estate sector with Groupco Developers, focusing on residential projects, driven by her desire to help middle-class people own homes.