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MUMBAI, India, Aug. 12, 2021 /PRNewswire/ -- The COVID-19 pandemic situation has established the fact that owning a home is way better than dealing with the uncertainties of living in a rented
Listed realty developers’ sales share rises to 22% in April-December from 6% in FY17: Report SECTIONS Share Synopsis Of the total sales of 93,140 apartments in the first nine months of 2020-21 across the top 7 cities, top 8 listed players’ share stood at 22% while non-listed leading players’ share was 18%. Non-branded developers accounted for a 60% share, showed data from Anarock Property Consultants. Agencies These companies together sold 21.23 million sq ft residential area between April and December 2020 despite the first wave of Covid-19, up 2% on year. The overall housing sales sha...
HDFC Capital invests Rs 375 cr in Runwal Group’s mid-income, affordable housing project SECTIONS Share Synopsis Runwal Avenue is a greenfield project spread over a total 6 acres with total potential of 1.7 million sq ft saleable space development. Piramal Fund Management had invested in the project at the land acquisition stage and is now exiting the investment. Agencies The project offers apartments configurations of up to 3 bedrooms priced in the range of Rs 1 crore to Rs 1.5 crore. The project is expected to be completed in four years from now. (Representative Image) MUMBAI: HDFC Capita...
PE investment into Indian retail real estate likely to pick up in 2021 SECTIONS Share Synopsis Some of the retail investments that have either closed or are likely to close include Blackstone-Prestige Group portfolio deal including 8 malls and GIC-Phoenix Mills entering into an agreement to develop retail led mixed-used development platform. Bengaluru: Private equity investment into Indian retail real estate assets is expected to pick up in 2021 with global funds like GIC, Blackstone, Warburg-Runwal, and Lakeshore showing interest in the sector. As per ANAROCK Research, 2019 saw total PE in...
Maharashtra government to cut construction premiums by 50 per cent till December 31, 2021 ByYogesh NaikYogesh Naik / Updated: Dec 13, 2020, 08:42 IST There has been a steady increase in registration of flats in Mumbai recently The Maharashtra government will slash construction premiums and levies by 50 per cent till December 31, 2021. The announcement, expected at the next cabinet meeting, is expected to give a boost to the real estate sector. The state has already reduced stamp duty from 5 per cent to 2 per cent, which has led to an increase in property sales. Soon after the lockdown started...