Home loan EMIs for customers who bought properties less than Rs 40 lakh have gone up 20 per cent in the last two years due to a rise in mortgage rate, according to real estate consultant Anarock. The consultant pointed out that the affordable housing segment suffered the most during the COVID pandemic and has […]
Real Estate
Sales Of Luxury Homes Touching 3,100 Units In Apr-Jun Across 7 Cities: CBRE
Luxury housing segment continues to witness a strong demand with sales of homes priced at Rs 4 crore and above touching 3,100 units during the April-June period across seven major cities, according to CBRE. Sales stood at 1,400 units in the year-ago period. As per the data, Hyderabad saw 20-fold jump to 1,000 units during […]
Ajmera Realty & Infra Q1 Profit Rises To Rs 21 Crore
Ajmera Realty & Infra India reported an 82 per cent increase in consolidated net profit to Rs 21.07 crore in the June quarter. Its net profit stood at Rs 11.57 crore in the year-ago period, the company said. Ajmera Realty’s total income rose to Rs 117.57 crore in the first quarter of the current fiscal, […]
DLF To Invest Rs 400 Cr As Equity To Develop Mumbai Project In Tie-Up With Trident Group
Realty major DLF on Monday said it will invest Rs 400 crore as equity to develop a real estate project, comprising 35 lakh sq ft of estimated saleable area, in Mumbai in partnership with NCR-based builder Trident group. The company plans to launch the first phase of the Mumbai project, comprising 9 lakh square feet […]
Sales Of Luxury Homes Priced Above Rs 10 Cr In Mumbai Up 49 Pc To Rs 11,400 Cr: Report
Sales of residential properties, priced above Rs 10 crore, in Mumbai’s primary and resale market rose 49 per cent in value terms to Rs 11,400 crore during the January-June period on strong demand, according to India Sotheby’s International Realty and CRE Matrix report. During the year-ago period, the sales of luxury homes in Mumbai stood […]
Saya Group To Invest Rs 100 Cr To Build 336 Studio Apartments In Noida Extension
New Delhi, Jul 12 Realty firm Saya Group on Wednesday said it will invest Rs 100 crore to develop 336 studio apartments in Greater Noida. The company will sell these 336 fully furnished studio apartments at around Rs 55 lakh. The size of each studio apartments will be around 700 square feet. “We are developing […]
Wave Group To Invest Rs 10 Crore On AI Technology In 4,200 Acre Township In Ghaziabad
New Delhi, Jul 6 Realty firm Wave Group on Thursday said it will invest Rs 10 crore on artificial intelligence technology (AI) to improve security features and other amenities in its 4,200 acre township Wave City at Ghaziabad, Uttar Pradesh. “Wave City will invest around Rs 10 crore in AI technology to provide top-end security […]
Ajmera Realty & Infra India Q1 Sales Bookings Down 44 pc To Rs 225 Crore
New Delhi, Jul 6 Ajmera Realty & Infra India Ltd on Thursday reported a 44 per cent decline in its sales bookings to Rs 225 crore in the first quarter of this fiscal year. Its sales bookings stood at Rs 400 crore in the year-ago period. The carpet area sold fell 14 per cent to […]
Housing Sales Down 1pc In Jan-Jun Across Top 8 Cities; Gross Office Leasing Up 3pc: Knight Frank
New Delhi, Jul 4: Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India’s top eight realty market on Tuesday, […]
M3M India FY23 Sales Bookings Jump Over 2-Fold To Rs 13K Cr On Demand Surge In Housing, Commercial Real Estate
New Delhi, Apr 17: Realty firm M3M India on Monday said its sales bookings jumped more than two-fold to record Rs 13,000 crore during the last fiscal on better demand for housing and commercial properties. The Gurugram-based company, in a statement, said it has “recorded the highest ever sales of Rs 13,000 crore, which is […]