Page 7 - Housing Sector

Rising rates pose near-term challenges: DLF chairman Rajiv Singh

He noted that the residential segment has witnessed structural recovery on strong demand and the credible players are gaining market share

Property registrations rise 15% in Mumbai municipal area in July

Registration of properties in Mumbai's municipal area grew 15 per cent to 11,339 units in July on better demand, according to Knight Frank India. It is also the highest level for the month of July in a decade. Out of the total registration of properties in Mumbai city (BMC area), Knight Frank India said that 86 per cent were contributed by residential segment and 10 per cent commercial. For July, the data has been collated till 3 pm of July 30. The registration contributed over Rs 829 crore to the state revenues. "The number of units registered in July 2022 was the best in a decade for the month of July," property consultant Knight Frank said in a statement. In July 2021, 9,822 units were registered. "With the looming inflation pressures, RBI opted for a cumulative repo rate hike of 90 basis points that has stretched home buyer affordability. However property registrations remain buoyant," Knight Frank India said. On month-on-month basis as well, the registration of properties

Air India offers to compensate staff facing eviction from housing colonies

Unions move Bombay HC to challenge the proposed ejection from colonies in Mumbai

Renting apartments gets costlier for companies with new GST rates in effect

The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST)

Domestic housing sector set to grow in next 5 years: PNB Housing Finance

The domestic housing sector is set to grow for the next five years after a lull of several years and the housing finance companies are well poised to tap this opportunity aided with sectoral reforms

Housing sales fall 15% in Apr-Jun in top 7 cities from previous quarter

As per the data, housing sales in Mumbai Metropolitan Region (MMR) fell 11 per cent to 25,785 units in April-June 2022 from 29,130 units in the previous quarter

Life may get tougher for mid, small size HFCs amid rising rates: Analysts

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

Rising mortgage rates won't hit housing sales in India, say experts

Higher mortgage rates will have a lower impact on the Indian housing market than in the US market, said Kotak Institutional Equities (KIE)

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

Builders expect slowdown in housing demand in short-term on RBI's rate hike

The RBI on Wednesday hiked the key benchmark rate by 50 basis points

Anarock's FY22 revenue up 32% on recovery in housing demand: Chairman Puri

Our revenue has grown to Rs 402 crore during the last fiscal from Rs 305 crore in the 2020-21 financial year: Anuj Puri

China cuts borrowing rate more than expected to revive housing sector

China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points to 4.45%, the biggest reduction since China revamped the mechanism in 2019

Why purchasing a house early in your career can limit your options

Changing city to pursue better career options, or taking a sabbatical for higher studies becomes difficult

All 100 smart cities to get integrated command-control centre by Aug 15

Union Minister of Housing and Urban Affairs Hardeep Singh Puri on Monday said that 80 out of the 100 Smart Cities in the country have Integrated Command and Control Centres

Economic Survey: Housing prices hiked in some cities even during Covid wave

While house transactions mostly declined during the Covid-19 shocks, their prices did not fall in most of the selected cities, some even increased, as per Economic Survey 2021-22.

Registration of homes in Mumbai city down 26% in Jan to 7,732 units: Report

Registration of residential properties in Mumbai municipal area fell 26 per cent on an annual basis to 7,732 units due to restrictions on movements to curb the spread of the coronavirus pandemic

Propping up the property market

A credit guarantee can give housing a boost

The shovel returns

Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now

Smart World Developers to invest Rs 3,000 cr in 2 Gurugram projects

The company plans to launch two housing projects during this month after getting the necessary regulatory approvals