Page 3 - Realty Sector

Top realtors in talks with Graphite India to acquire Bengaluru land

Deal size expected to be in the Rs 2,000-25,000 crore range

Housing sales decline 30% across 9 major cities in Q3 over poor demand

Sales in the residential property market fell 13 per cent to 2,63,294 units during the first nine months of this fiscal as against 228,220 units in the corresponding period of the previous year

Budget 2020: Realtors' body seeks 'bold measures' to resurrect sector

NAREDCO National President Niranjan Hiranandani told the media that the finance ministry has been apprised of the demands of the industry to meet the challenges

Demand for residential space in Delhi grew just 2% in 2019: Report

Out of the 12 cities surveyed, 10 residential markets have shown positive market dynamics in the last quarter of the year, Magicbricks's PropIndex Report Q4 2019 said

Ansal Housing reports 'default' on loans worth Rs 315.63 crore

In a regulatory filing, the company informed that its total loan amount outstanding from banks and financial institutions stood at Rs 498.57 crore as on December 31

Rise in demand for affordable homes boosts housing sales 6% in NCR in 2019

Prices in Delhi-NCR remained stagnant at nearly Rs 4,600 per sq ft, while unsold inventories fell by 6 per cent to 1,75,079 units from 1,86,714 units

New project inflows for construction sector to improve in 2020: Icra

Assigning a stable outlook for the construction sector, Icra however said delays in land acquisition, funding issues, and state government priorities pose threat to new order inflows

Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector

The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.

Realty sector getting back on its feet after demonetisation shock: JLL

Hyderabad topped the list with a 36 per cent sales penetration followed by Pune at 34 per cent

$14 bn loans to builders under severe stress, may result in default: Report

"Over 62% or about $58 billion of the total loan advances ($93 billion) to Indian real estate by banks and NBFCs/HFCs is currently completely stress-free," Anarock said in a statement

Property funds are in no hurry to invest in stressed realty projects

The reason: lack of clear legal rules and pricing issues

Liquidity crunch: Small realtors being forced to bank on bigger cousins

Industry experts believe more consolidation in the real estate space is on the cards and this will continue in 2020

Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects

This will finance 1,600 stalled housing projects comprising 4,58,000 housing units across the country

Rs 25,000-crore realty corpus: Experts worry over implementation

According to experts, technical teams that will be evaluating and monitoring the unfinished projects will have to consider projects that are booked or at least have a significant chunk sold out

Govt asks homebuyers to approach lenders for revival of their loans

Homebuyers of projects from Jaypee Infra and Amrapali group, among others, will not be able to avail of this fund

Best of BS Opinion: Can alternative investment fund revive realty sector?

Here's a selection of Business Standard Opinion pieces for the day

A cobbler's suggestions to mend the economy

One-time restructuring of real estate loans and a large fund to buy toxic assets and equity in banks and NBFCs can bring back the animal spirits in the economy

Three hurdles for the realty fund

While the real estate fund is desirable, the question is: Will this let reckless finance companies and obdurate real estate developers off the hook?

Housing inventory of 15 months in Bengaluru, 44 months in Delhi-NCR: Report

Unsold inventory overhang indicates the number of months it will take for the current unsold housing stock to get cleared in the current market scenario

Ultratech to Asian Paints, 5 firms that gain from Rs 25k-cr realty package

Here are some companies that could gain from the boost to real estate sector