Property Market

Equity returns outclass gold, FD, property in the long term: Morgan Stanley

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.

Real estate transactions fall by 71% in 2024Q3; what's driving the decline?

The sharp fall in transaction value can be attributed to the absence of large-scale deals, said the Grant Thornton report

German property market grows but industry cautious on slow economic rebound

Germany has so far been Europe's hardest hit in a real estate rout that has also struck China and the United States

As housing prices surge in top cities, there are ways to strike a good deal

Expensive property may force you to make some compromises but make sure you don't sacrifice the essentials

Greece records 37% surge in property purchases by Indians in July-Aug

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

A place of your own: How to decide about buying a home in a big city

More and more Indians are buying apartments rather than living on rent

Post-Covid, senior citizens lead 204% surge in Mumbai property: Report

The 61-and-above age cohort has emerged as the fastest-growing segment, surpassing all other age groups in market share growth

Shriram Properties to triple revenue to Rs 3k cr by FY27; double bookings

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

China unveils plans to tackle property crisis, focus on affordable housing

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

What is China doing to support its property market? All you need to know

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

Indian housing market outlook bullish, consumer sentiments positive: Report

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 ...

China's property crisis ripples through banks as bad loan ratios creep up

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

Family behind Country Garden to reap $50 mn in dividends despite crisis

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 shows signs of improvement, property sector is still in doldrums

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 lifts curbs on property market after home prices fell to 7-yr low

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

Country Garden faces liquidation petition for not paying loan term facility

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

China cuts reference rate more than expected to revive property market

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

Realty sentiment index moves upward as financial institutes remain bullish

Real estate developers and financial institutions are bullish on their outlook for the property market for the next six months and expect the high demand to sustain its momentum, according to a Knight Frank and NAREDCO report. Real estate consultant Knight Frank and realtors' body Naredco on Sunday released their 39th edition of Real Estate Sentiment Index for Q4 2023 (October-December 2023). As per the report, the current sentiment index score remained in the optimistic zone, rising to 69 from 59 in the third quarter of 2023 calendar year. The sentiment index is based on the survey of supply-side stakeholders like developers, investors and financial institutions. A score of above 50 indicates 'optimism' in sentiments, a score of 50 means the sentiment is 'same' or 'neutral'. The score below 50 indicates 'pessimism'. The future sentiment score, which indicates stakeholders' outlook, has also increased from 65 in Q3 2023 to 70 in Q4 2023, driven by general optimism about the Indian

Landlords can't be deprived of beneficial enjoyment of property: HC

Landlords cannot be deprived of beneficial enjoyment of their property and are vested with the right to decide how to utilise their possessions, the Delhi High Court said on Wednesday while upholding an order for vacation of tenanted premises. The high court said it is trite law that a tenant cannot dictate to the landlord as to how the property has to be utilised. Landlords cannot be deprived of the beneficial enjoyment of their property. Further, the court is not to sit on the armchair of landlords to dictate as to how the property should be utilised. It is the sole discretion of the landlords to get all the tenanted premises vacated and use as per their need, Justice Jasmeet Singh said. The high court passed the judgement while dismissing a revision petition filed by a tenant challenging a trial court's order of eviction of a shop at Shyama Prasad Mukherjee Marg here. The landlord said he and his son are joint owners of the property, where several shops have been given on rent,

China's property lifeline exposes banks to big losses and job cuts

Already stung by soaring bad loans and record low net interest margins, lenders such as Industrial and Commercial Bank of China Ltd. may soon be asked for the first time to provide unsecured loans