The agreement includes the sale of all pieces and parcels of land along with an existing building on the 5.75-acre site
India's key property market Delhi-NCR has remained buoyant during the December quarter, with housing sales and new supply estimated to rise 25 per cent and 59 per cent, respectively, according to PropEquity. Real estate data analytic firm PropEquity data shows that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this calendar year from 10,354 units in the year-ago period. New supply in Delhi-NCR is set to increase 59 per cent to 11,223 units in the current December quarter from 7,072 units in the corresponding period of the previous year. Among nine major cities across India, Delhi-NCR is the only market where sales and new supply are estimated to rise during the current quarter, real estate data analytics firm PropEquity's data showed. The other eight markets -- Bengaluru, Pune, Hyderabad, Chennai, Kolkata, Mumbai, Navi Mumbai and Thane -- are likely to witness a fall in sales and new supply during this quarter. As per the ...
Recent large US hurricanes Helene and Milton have added to concern about property losses. However, the increasing regularity of extreme weather events has stoked the market for more expensive excess
Indian households, Desai wrote, are still under-invested in equities. At cost, only 3 per cent of the household balance sheet is in equities, excluding equity holdings of founders.
The sharp fall in transaction value can be attributed to the absence of large-scale deals, said the Grant Thornton report
Germany has so far been Europe's hardest hit in a real estate rout that has also struck China and the United States
Expensive property may force you to make some compromises but make sure you don't sacrifice the essentials
The rush in purchases is driven by a change in the minimum investment limit under Greece's Golden Visa Programme from Rs 2.3 crore to Rs 7 crore
More and more Indians are buying apartments rather than living on rent
The 61-and-above age cohort has emerged as the fastest-growing segment, surpassing all other age groups in market share growth
Realty firm Shriram Properties Ltd on Wednesday said the company is targeting to triple its revenue to Rs 3,000 crore and double sale bookings to Rs 5,000 crore by 2026-27 financial year as the company embarks on its next phase of growth. The company, which entered its 25th year of operations in 2024-25, unveiled a new brand identity that seeks to transform the perception of Shriram among customers while elevating its brand and reputation towards better customer delight in the future. "We are embarking on a mission with a brand-new identity, as we enter 25th year of our operations. It will allow us to create our own identity and elevate and re-position the trusted Shriram brand among NextGen buyers," Shriram Properties Chairman and Managing Director Murali Malayappan told reporters here. He said the company would leverage technology in construction activities as well as providing various services to customers. "What we achieved in 25 years, we can do it in the next 7-10 years," Mur
Cities across China have only just started to release statements on their efforts to implement the May directive, with details of the targeted population groups emerging for the first time
China had 391 million square meters (4.2 billion square feet) of completed and unsold homes at the end of April, equivalent to 6.6 Manhattans, official data show
Consumers sentiments in India's housing market remain positive despite a rise in prices, according to realty portal Magicbricks. On Thursday, Magicbricks released a report 'Housing Sentiment Index' based on the survey of over 4,500 customers across 11 cities. "Despite inflationary pressures, the Housing Sentiment Index (HSI) across India remains robust with strong buyer confidence," it said in a statement. The survey revealed a positive market outlook for the Indian residential real estate sector with an overall HSI of 149. Magicbricks said the HSI is derived from an online survey capturing the responses of 4,500 high intent homebuyers across the top 11 cities of India, spanning various income brackets and budget preferences. The HSI score ranges from 0 to 200, with 100 representing neutrality. Indicating an expectation of market stability in the short to medium term. A score of 200 reflects a bullish sentiment while a score of 0 indicated a bearish sentiment. "Currently, the ...
Bank of Communications Co. reported Wednesday that its property bad loan ratio jumped to 4.99 per cent at the end of last year from 2.8 per cent a year earlier
Country Garden, once China's biggest developer, is among the builders that have been engulfed in the nation's property crisis, denting Yang's empire
China's manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said Monday. The report said industrial output rose 7% from a year earlier in January-February, better than analysts had forecast. Spending on factories and equipment, known as fixed-asset investments, rose 4.2%. The real estate sector remained sluggish, with investment in real estate falling 9% in January-February compared to the same period a year earlier. The property market is still in a state of adjustment and transition but policies outlined at China's annual legislative session earlier this month will promote stable and healthy development," National Bureau of Statistics spokesperson Liu Aihua told reporters. During the National People's Congress meetings, China's leaders pledged to refine property sector policies, including increasing financing to developers and building more affordable housing. T
Hong Kong's government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory's woes. Finance minister Paul Chan announced the move in a speech presenting the territory's budget, which also raised spending on tourism promotion. He said all curbs, such as extra taxes, imposed earlier to cool the property market would be lifted with immediate effect. Home prices have fallen for nine consecutive months and share prices have languished as a tightening of freedoms in the former British colony has rattled investors. Meanwhile, Hong Kong's tourism has not fully rebounded after it reopened to foreign travellers following the COVID-19 pandemic. China's slowing economy has also impacted Hong Kong's recovery. Chan said the limits on property transactions were no longer necessary amid the current economic and market conditions. The government lifted a 15 per cent stamp duty imposed on non-permanent residents who buy property in Hong Kong
The move comes after China Evergrande Group, the world's most indebted property developer, was ordered to be liquidated by a Hong Kong court in late January
The five-year loan prime rate (LPR) was lowered by 25 basis points to 3.95 per cent from 4.20 per cent previously, while the one-year LPR was left unchanged at 3.45 per cent