Realty Sector

DDA starts online service for leasehold to freehold conversion of property

The Delhi Department Authority has launched an online facility for conversion of plotted properties from leasehold to freehold, officials said on Friday

Embassy Group in talks with Indospace, ESR to monetise warehousing business

The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70 per cent stake, while Embassy Group has 30 per cent shareholding in the JV

Top developers seek to cut debt by offloading assets in fire sale

Analysts say several have raised funds by selling rental-yielding assets, some second rung cash-strapped builders are asking their banks and financial creditors to take over half-completed projects

Throwback to SEZ era: Real estate sector makes room for data centres

The central government ministries, too, are getting into the act on behalf of the sector.

Shapoorji real estate arm enters Rs 750-crore debt financing deal

According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent

Collections, cash flows of top-3 realtors hit in Q1 as buyers stay away

Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters

Real estate: Current sentiment pessimistic; project funding an issue

In a separate report by the economic wing of State Bank of India (SBI), the realty segment was among the top sectors where players / companies opted for moratorium

JLL India to grow housing brokerage biz, strengthen presence in realty tech

Property consultant JLL India is aiming to become a significant player in the real estate technology space and will also invest to grow its housing brokerage business

Piramal seeks investors, hedge funds to raise capital for unfinished houses

India's real estate market is grappling with a lingering lockdown that's slowed construction and sharply crimped new sales in an already struggling market.

Real estate players seek more sops from govt to tide over Covid-19 crisis

Among other aspects, they are pushing to extend the definition of "affordable housing" to homes costing up to Rs 75 lakh as against a maximum of Rs 45 lakh right now

Covid-19 impact: Housing sales down 67% in April-June, says PropEquity

The supply of new units also dropped by 81% during the period to 11,967.

Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1

Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak

India JLL's Global Realty Transparency Index improves by one, ranked 34th

India was ranked 35th in the index during 2018 bi-annual survey, while the country was at 36th position in 2016 and 39th in 2014

Mumbai realty: Developers struggle for funds, prices crash, buyers wait

Faced with no movement in sales in the past three-odd months due to lockdown and Covid-19-related issues, property developers are resorting to price cuts

RERA to approach RBI for one-time debt recast to overcome liquidity crisis

CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings

Struggling realtors resort to layoffs, pay cuts as Covid-19 hits sales

According to industry estimates, the realty sector employs 6-7 million people, including 300,000 white-collar employees

Gross NPAs of HFCs are estimated to increase to 2.5-3% in FY21: Icra

The situation in the non-housing segment is expected to be worse

Indian house prices to drop 5% in 2020 for first time in a decade: Poll

The Indian property market was being hobbled by a cash crunch even before the coronavirus outbreak, which has already infected more than 350,000 in the world's second most populous country

Covid-19 crisis: DLF takes lead, waives rent for beleaguered mall tenants

In a letter to its tenants, the realtor said it "plans to waive of the entire MG rent from the beginning of the lockdown period up till 15 June".

Piyush Goyal asks property developers to cut prices to survive downturn

Unless you reduce your rates, you will be stuck with your inventory, Goyal said to developers.