Page 7 - Housing

80% houses given under Prime Minister Awas Yojana are owned by women: Modi

Prime Minister Modi also digitally handed over the keys of the PMAY-U houses to 75,000 beneficiaries in 75 districts of Uttar Pradesh

UP: Unlike SP govt, Yogi govt has completed 900,000 houses, says PM Modi

Modi on Tuesday alleged that it did not want to construct houses for the poor and created hindrances in the implementation of the central housing scheme.

Housing sales in Q3 jump over two fold to 32,358 units in 7 cities: JLL

Housing sales jumped over two-fold to 32,358 units during July-Sept period across 7 major cities as demand bounced back with unlocking of economic activities and lower Covid infections, according JLL

Home affordability improves in major Indian cities in 2021, finds report

Property consultant JLL India says mortgage rates continue to trend at their lowest in 15 years, thereby leading to reduced EMIs for homebuyers, thereby having a significant bearing on affordability

Evergrande crisis: A modified script may need to be written on China

This crisis could mark the end of the long run of "miracle" growth that made China the world's second-largest economy, and a challenger to the US in economic and strategic clout, writes T N Ninan

Paints, tiles players' stocks stand to gain from realty's revival

Favourable macros, market share gains for larger players, pent-up demand are key growth drivers

DDA holds draw for 689 surrendered flats; 79 waitlisted applicants allotted

The DDA held a draw on Wednesday for 689 flats, under the 2021 Housing Scheme, surrendered by allottees, with a meagre 79 waitlisted applicants being allotted units from this lot, officials said.

Sunteck Realty Q1 profit at Rs 3 cr; revenue up 52% at Rs 96 crore

The Mumbai-based developer had posted a net loss of Rs 3.08 crore in the year-ago period.

IFC lends $250 million to HDFC Ltd to boost green housing finance

Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.

IFC lends USD 250 mn to HDFC to promote affordable green housing finance

International Finance Corporation, a private sector investment arm of the World Bank Group, has decided to provide loan of $250 million to promote affordable green housing finance

Residential sales surge by 83% YoY in second quarter 2021: JLL

Residential sales in Q2 (April-June) 2021 increased by 83 per cent as compared to Q2 2020, across the top seven cities.

Check 'rental value fit' when you are investing in house, say analysts

This is the amount that a typical tenant drawn to a locality is prepared to pay

Realty major DLF sale bookings up 24% at Rs 3,084 cr in FY21

This comes as the firm saw better demand for completed and new inventories despite the pandemic.

Prestige group's FY21 sales bookings at record Rs 5,461cr despite Covid

This comes on the back of better demand for its properties

Govt approves construction of 361,000 houses under PMAY-U scheme

As many as 708 proposals have been okayed

Allahabad HC denies Wadhawan's request to quash FIR regarding housing scam

The Allahabad High Court on Sunday declined to provide relief to Rakesh Wadhawan on his petition seeking to quash an FIR in connection with a cheating case against a real estate company.

Best of BS Opinion: Sub-African India, RBI monetary policy, and more

Here are the best of Business Standard's opinion pieces for Saturday

That dream house: Real estate has some opportunity waiting to be tapped

If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, writes T N Ninan

10 mn vacant homes may find takers as Cabinet approves Model Tenancy Act

New law makes renting out urban or rural property without a written agreement illegal, seeks to balance the interest of homeowners and tenants

Govt approves Model Tenancy Act; to help overhaul legal framework

The Union Cabinet approved the Model Tenancy Act under which separate rent authorities, courts and tribunals will be set up in districts to protect the interest of both the owner and tenant.