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Housing sales down 1-2% in Jan-June in seven major cities

Housing sales down 1-2% in Jan-June in seven major cities

Housing sales fell by 1-2 percent in the seven major cities during the first half of this year, while supply increased by 10 percent over the preceding six months, according to property consultant CBRE.

24,000 residential units launched during Apr-Jun: Study

24,000 residential units launched during Apr-Jun: Study

As many as 24,000 residential units were launched in top six metros during April-June period of this fiscal with Bengaluru witnessing the maximum number of launches, a study by Colliers International India said.

Ready-to-move-in flats command price premium of upto 21%

Ready-to-move-in flats command price premium of upto 21%

Consumers are preferring to purchase ready-to-move-in homes, which command a price premium of up to 21 percent, than properties under-construction because of huge delays in completion of projects, according to a report.

 

Housing sale down 4% in 8 cities in 2015; 6.9L units unsold

Housing sale down 4% in 8 cities in 2015; 6.9L units unsold

Housing sales fell by 4 percent to 2,63,720 units last year, lowest since 2010, in the eight major cities of the country on account of demand slowdown in the real estate market despite interest rate cut by the RBI.

Real estate investments lukewarm this festive season: Assocham

Real estate investments lukewarm this festive season: Assocham

Besides, the residential market has witnessed a steep decline by 25-30 percent in new launches as well as demand resulting a significant shrinkage.

Housing sales to grow at slower pace this festive season: Jones Lang Lasalle

Housing sales to grow at slower pace this festive season: Jones Lang Lasalle

Housing sales are expected to rise at a slower pace of 15-20 per cent during the ongoing festival season due to high prices in big cities and subdued sentiments in the property market, according to consultant Jones Lang Lasalle ​(JLL) India.

First-time home buyers? Avoid these places

Property consultant JLL India has advised home buyers to avoid certain locations, including Noida Extension, in Delhi-NCR real estate market due to delays in projects delivery, oversupply, speculation and lack of infrastructure.

DLF to hike rates in Gurgaon project despite low demand

DLF has decided to increase the price of flats in its housing project 'Regal Gardens' by Rs 250 per sq ft to Rs 6,500 per sq ft effective from July 15.

Unitech raises Rs 70 cr from Piramal group for Chennai project

"We plan to raise Rs 150-200 crore funding through private equity and structured financing to meet working capital needs of our ongoing projects," Chandra had said.

Developers flock to buy TDR from MMRDA, may fetch Rs 130-cr

The Mumbai Metropolitan Region Development Authority (MMRDA) has put on block TDR on three plots in Goregaon and Jogeshwari.

Stable prices bringing NRIs back to real estate market: HDFC

The rupee depreciation against the US dollar is also helping, for the prospective home buyers from the American continent.

Realty bill may force developers to speed up stuck projects

Real estate market, particularly Delhi-NCR, has been facing a huge delay of 6-7 years in project completions, which in turn has affected the buyers' interest also.

Rising US dollar strengthening real estate market in Dubai

Rising US dollar combined with world class infrastructure and high quality of life are strengthening real estate market in Dubai which is competing with other global cities such as Paris and London, according to a report.

Private equity in realty sector to grow up to $3 billion in 2 years

The government's decision to relax FDI norms in the construction sector is likely to attract private equity investments to the tune of up to USD 3 billion in the real estate market in the next two years, according to property consultant Jones Lang LaSalle (JLL).

Indians top investor in Dubai's real estate market

Indians have been ranked first among foreign investors in Dubai's real estate sector, making a total of 4,417 transactions worth nearly USD 3 billion in the first half of the year, according to an official report.

'Next 30 days good time to buy real estate'

Nearly 60 percent of Indians think that next one month would be a good time to buy real estate with improvement in consumer sentiments following formation of a stable government, according to a survey by global research firm Ipsos.

Godrej Properties looking to enter Noida real estate market

Godrej Properties Ltd is keen on entering the Noida real estate market and is looking for a partner to develop a housing project, according to a top official at the company.

India's realty sector remains favoured destination: Report

The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.

Gera Developments to venture in Bangalore real estate market

Pune-based Gera Developments will have their footprints outside western India for the first time next year, with the development of a residential property in Bangalore.

Mumbai real estate market most unaffordable: Survey

The real estate market in Mumbai continues to be the most unaffordable with 29 percent of the city's under-construction units priced at over Rs 1 crore, real estate consultancy firm Knight Frank said in a report.