Page 38 - Realty News Today

Buying interests in realty and banking lift QSE 14 points; M-cap adds QR2.19bn

Virginia Realtors says 2023 was the lowest housing market that the state has seen since 2014.

“We have a fast-expanding middle class and rapid urbanization is taking place. Metro Rail and NaMo Bharat can be the catalyst for the required urban transformation. Expansion of these systems will be supported in large cities focusing on transit-oriented development,” Finance Minister Nirmala Sitharaman said in her budget speech.

In 1973, Joseph Beuys said, “Every man is an artist.” Beuys explained that only art is capable of building an effective social system, and “This most modern art discipline — Social Sculpture/Social Architecture — will only reach fruition when every living person becomes a creator, a sculptor, or architect of the social organism.”

For the year ended December 31, 2023, the S&P BSE Capital Goods Index experienced a remarkable surge of 66.89%, outpacing the Nifty50 and Sensex by considerable margins.

Mumbai, Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack, with the benchmark Sensex falling almost 1,053.10

The complexities involved in asset classification, residential status determination, and computation of acquisition costs should be addressed, say industry representatives.

A new Realtor.com analysis found home purchases made by investors declined in the first three quarters of 2023, tumbling an average 32.9% year-to-date in September compared to the year before.

The development at Palava City started in 2010, with phase 1 covering 300 acres that was sold out and delivered to nearly 20,000 families in 4-5 years. In 2014, the company started with phase 2 spanning 1,000 acres with over 75 million sq ft of developable area, of which over 20 million sq ft is complete. Currently, the project has nearly 175,000 residents.

For Sobha, first half of the year (April-September) was the best-ever with real estate sale value achievement of about Rs 3,188 crores and 3.08 million square feet. In July-September quarter, Sobha achieved the highest ever quarterly sale value of Rs 1,724 crore and 1.69 million square feet. This is the ninth straight quarter where the presales have been better than the previous quarter.