Page 2 - Residential Projects

Real estate sector lights up with festive cheer as demand spikes

The Indian real estate sector has seen a spike in demand during the festive period, a recent report by Knight Frank, India informed

90% south central Mumbai properties unsold despite low loan rates: Report

Despite home loan rates being at record lows and stamp duty cuts to encourage sales, 90 per cent of inventory in south central Mumbai, one of the biggest markets, remains unsold, a report said

Smart World Developers to invest Rs 3,000 cr in 2 Gurugram projects

The company plans to launch two housing projects during this month after getting the necessary regulatory approvals

Godrej Properties achieves highest single day sales at launch of Noida proj

Godrej Properties said it sold 340 homes with an area of more than half a million square feet on the first day of launch, making it one of the most successful launches in the country in recent times

Puravankara eyes bigger share from commercial properties in 4-5 years

It is looking to develop commercial properties in Bengaluru, Hyderabad, Chennai and Mumbai and Pune, is aiming at 8.5 mn sq ft in next 3-4 years

Plan to grow annuity portfolio to over Rs 2,800 crore: Prestige Estates CEO

Venkat K Narayana, CEO of Prestige Estates Projects, tells Raghavendra Kamath that residential sales will do well due to multiple factors, and that demand for office properties will remain robust

Ashiana Housing buys 22 acre land in Gurugram to build residential project

Realty firm Ashiana Housing has acquired 22-acre land in Gurugram from Ramprashta group for about Rs 170 crore to develop a residential project. Recently, the company entered into a development agreement to build a 12-acre residential project for senior citizens in Pune on a revenue-sharing basis. "We have purchased about 22-acre land from Ramprastha group for about Rs 170 crore," Ashiana Housing MD Vishal Gupta told PTI. He said the company will develop a group housing project, which is located in Sector 93, New Gurugram, Haryana. Gupta said it would take 6-8 months to get various approvals to start the construction of this project. The potential saleable area is 21 lakh sq ft in this project. Ashiana Housing has added two projects to its portfolio this month, as part of its strategy to expand the business and future growth. In the Pune project, Ashiana Housing said the total size of the land is 11.93 acres, located in Mouje Varale, Taluka Mawal, District Pune (Maharashtra). Th

Housing.com launches price index for residential properties with ISB

Housing.com and ISB launched an index to track prices of residential properties across eight major cities as part of their effort to provide real-time data to all stakeholders

Oberoi Realty to actively pursue redevelopment business: Chairman

Oberoi said the company is open to redevelopment of large residential societies and doing joint development, he said .

Strong govt support behind India's residential construction sector: Fitch

Driven by sustained demand for housing and supportive government policy, residential building will see a strong rebound in 2021 and robust growth over the coming decade, according to Fitch Solutions

Robust launches to sustain growth momentum for Oberoi Realty in near term

The company registered record Q3 sales bookings

IFC and its fund to invest $76 mn in Puravankara affordable housing

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years

BK Birla group's realty arm to launch one housing project every quarter

Birla Estates aims to become one of the country's largest property developers; is starting the next phases of some of its existing projects

DLF sells 88 independent floors for Rs 300 cr, plans more such projects

Realty majorDLF Ltd has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New Gurugram and Panchkula among others. "Recently we launched 88 residences in form of premium independent floors (at a price point of Rs 3.75 - 4.25 crores each), spread across 22 plots, in the DLF City Phase 3...in Gurugram. These were sold out in a record time," said Aakash Ohri, Sr Executive Director Sales & Director, DLF. The company plans to launch similar products in Panchkula, Tri-city, New Gurgaon and wherever there is an opportunity in DLF phase 1 to 4, he told PTI. "With an improved attractiveness for real estate as a preferred asset class, against other traditional alternatives, home buyers are looking at safeguarding their accumulated savings by investing in a more long-term asset," ..

LIC Housing invests in SPR City, Piramal Enterprises exits from project

The company's Director Chetan Bohra said that the capital raised would be utilised for advacing the construction and ensuring the completion of the residential project within this financial year

Residential property launches back on track as consumer sentiment improves

Pent-up demand, cheaper home loans, availability of completed units and WFH seen pushing up demand

Godrej to challenge NGT order quashing green nod to residential project

Godrej Properties is the real estate arm of diversified Godrej Group

SP Group banks on residential properties for growth, to launch new projects

Shapoorji's new launches are coming up mostly in Mumbai, Pune, Kolkata, and Mohali. The launches are in premium, luxury, and mid-income projects

Despite stalled projects, India ranks second in number of affordable homes

According to the survey, China tops the list with 74% of polled Chinese saying they can buy homes

Realtors hope tax cut will boost demand for residential properties

Rajiv Talwar, chief executive at DLF, the country's largest listed property developer, said when there is more money in the hands of corporate entities and people, it will makes a difference