Real Estate


US' San Francisco, New York to have emptiest office space by 2033: Report

Published on Jun 02, 2023 08:29 AM IST

By contrast cities in Asia, such as Shenzhen, Ho Chi Minh City and Mumbai will be the least empty, the research showed.

US cities will have the greatest excess of office space, according to an analysis by the real estate firm.(iStock)
Bloomberg |

PacWest to sell $2.6 billion real estate loans at discount

Kennedy-Wilson Holdings Inc. will purchase the group of 74 loans at discounted price of about $2.4 billion, it said in a statement Monday.

PacWest will sell six more loans to Kennedy-Wilson for about $363 million if it wins certain approvals, the Beverly Hills-based lender said in a separate statement. (AP)
Published on May 22, 2023 10:33 PM IST
Bloomberg |

Nearly 5.58 lakh homes likely to be completed in 2023 across 7 cities: Report

Real estate consultant Anarock's data suggests that 5,57,900 homes are scheduled for completion. In 2022, 4,02,000 units were scheduled to be completed.

The developers are trying to avoid delay in completion of projects as it leads to cost overrun. (Rep image)
Published on May 21, 2023 01:14 PM IST

Housing sales surge 48% in FY23 to 3.47 lakh crore: Report

Real estate consultant Anarock reported that sales of residential properties in value terms increased to ₹3,46,960 crore last fiscal.

The data pertains to the transactions of primary (fresh sale) housing market.(HT Photo/Representative)
Published on May 14, 2023 04:11 PM IST

DLF to launch projects worth 20k crore, targets sale bookings of 12k cr

On Friday, DLF reported that its sale bookings jumped more than two-fold to a record ₹15,058 crore last fiscal from ₹7,273 crore in the previous year.

DLF is primarily engaged in the business of development and sale of residential properties (the Development Business) and the development and leasing of commercial and retail properties (the annuity business).
Published on May 13, 2023 11:34 PM IST

London has its best year for super-prime property since Brexit vote

The market for £10-million-and-up houses is back, according to a new report by Knight Frank.

Dring tells Bloomberg that he expects just a 3% decline in prime central London prices, less than in London as a whole.(REUTERS)
Published on May 11, 2023 04:21 PM IST
Bloomberg | | Posted by Yagya Sharma

‘You cheated home buyers': SC rejects bail plea of former Amrapali director

"You have cheated thousands of home buyers. You siphoned off their hard-earned money and their life savings. You do not deserve any sympathy," the bench said.

The Supreme Court said the offence ran
Published on May 05, 2023 03:59 PM IST
PTI | | Posted by Yagya Sharma

Dubai records over 2.2 billion dirham in realty transactions

The mortgages included 94 villas and apartments worth AED538.96 million and 19 land plots valued at AED736.16 million.

The sales included 419 villas and apartments worth AED711.48 million, and 21 land plots worth AED119.4 million.(AP)
Updated on May 04, 2023 04:39 PM IST
ANI | | Posted by Yagya Sharma

Singapore housing rates rise for 12th straight quarter

Property values climbed 3.3% in the first three months of the year, Urban Redevelopment Authority figures showed Friday.

Rents are also surging in Singapore, which bagged the top spot for growth in the last quarter of 2022, overtaking New York. (Representative image/ AP file)
Published on Apr 28, 2023 02:39 PM IST
Bloomberg | | Posted by Yagya Sharma

Housing optimism is back in Canada, boosting consumer confidence

The national benchmark price for a home climbed 0.2% to C$709,000 ($524,000) in March, the first monthly increase a year.

The index’s lowest point in the past year was 42 in October. (Representative image/ istock)
Published on Apr 24, 2023 07:06 PM IST
Bloomberg |

Rents in this European city soar at fastest pace in more than a decade

Rents in London are rocketing at their fastest pace in more than a decade as private tenants fight over a dwindling supply of homes.

London suffered its fastest increase in private rents since December 2012.(Representative image/ Ellis and Co)
Published on Apr 19, 2023 07:20 PM IST
Bloomberg |

Paint companies to log 10-12% growth in revenue this fiscal: Report

The report also said their near debt-free balance sheets will support credit risk profiles despite all major paint companies being on an aggressive capex spree.

The domestic paints sector also comprises the decorative segment, which commands 80 per cent of the market.(HT file)
Published on Apr 19, 2023 05:24 PM IST
PTI | | Posted by Yagya Sharma

Centre to host conference in Mumbai on redressing property buyers' grievances

The conference will be organised in association with the Maharashtra government.

An aerial view of housing and real estate in Navi Mumbai, (HT/file)
Published on Apr 17, 2023 03:50 PM IST
PTI | | Posted by Nisha Anand

M3M India records more than two-fold jump in sales bookings

M3M said its sales bookings of housing properties increased more than two-fold to ₹9,307 crore from ₹4,022 crore in the previous year.

M3M India sold 6,380 residential and commercial properties in 2022-23 against 4,017 units in the previous year.
Updated on Apr 17, 2023 03:41 PM IST
PTI | | Posted by Sreelakshmi B

India poised to become 3rd largest construction market in next 2-3 yrs: Goyal

Goyal pointed out that the Real Estate sector is one of the critical sectors that will serve to ensure good quality of life for people.

Union minister of commerce and industry Piyush Goyal. (ANI)
Published on Apr 16, 2023 02:08 PM IST
ANI | | Posted by Yagya Sharma

Hiranandani Group to invest 1,000 cr to develop new housing project in Mumbai

Hiranandani Group to invest ₹1,000 crore to develop new housing project in Mumbai

The region is also witnessing the foray of many organised and branded developers to capitalise the new growth opportunities, Hiranandani said. (HT/file)
Published on Apr 13, 2023 01:47 PM IST
PTI | | Posted by Yagya Sharma

Institutional investment in real estate rises 37% in Jan-March: Report

Foreign investors preferred to deploy funds in office assets, while domestic players put more money into housing, the report added.

The residential segment's share was 22 per cent.(Representative image)
Published on Apr 09, 2023 11:52 AM IST

Real estate among top 3 micro-markets in Delhi-NCR; witnesses ‘upswing’

Real estate continues to be the best investment option in Delhi-NCR micro-markets.

Real estate in Delhi-NCR micro-markets to be the hotspots as far as the demand is concerned. (Representational Image)(HT/file)
Published on Apr 05, 2023 06:08 PM IST
ANI | | Posted by Lingamgunta Nirmitha Rao

Dubai’s luxury housing market on ‘unstoppable’ growth, sets yet another record

Luxury real estate boomed in Dubai as the rich got richer during the Covid-19 pandemic and as Russians looked for safe havens for money.

This week, a buyer agreed to pay 203.1 million dirhams ($55.3 million) for a five-bedroom. (Representational Image)(AP)
Published on Apr 05, 2023 04:51 PM IST
Bloomberg | | Posted by Lingamgunta Nirmitha Rao

In Bengaluru, landlords call the shots as techies fight for flats

Bengaluru, the capital of Karnataka, is home to over 1.5 million workers including those for global firms.

Anarock’s data shows rents in various Bengaluru neighborhoods have jumped by double digits since 2019. (Representative)
Published on Apr 05, 2023 06:56 AM IST
Bloomberg |

China's new home sales sees sharp rise in March: Survey

The sales of new homes rose 55.7% month-on-month, up from growth of 31.9% in February.

Tier-one cities — including the nation's capital Beijing and the commercial hub of Shanghai — rose the fastest. (AP) (Representational Image)
Published on Apr 03, 2023 03:36 PM IST
Reuters | | Posted by Lingamgunta Nirmitha Rao

Gurugram sold 10% more houses in Jan-March, Noida slacks behind by 23%: Report

Sales dropped in Noida-Greater Noida due to lesser launches of new projects and lower demand.

Strong demand for luxury homes led to the rise in house sales in Gurugram.(HT File)
Published on Apr 02, 2023 05:10 PM IST

NCLT orders initiating insolvency proceedings against Mantri Developers

IHFL had sanctioned five loans and aggregate disbursed loan amount of ₹574.20 crore.

The aggregate amount claimed to be in default is <span class='webrupee'>₹</span>456.68 crore in five loans.(Reuters File)
Published on Mar 31, 2023 05:10 PM IST
PTI | | Posted by Yagya Sharma

Mumbai's Thane West most searched place for home buying in 2022

Bengaluru, Mumbai, and Hyderabad took the lion's share in searches and queries for renting a home in 2022.

For buying, the sweet spot was for apartments below <span class='webrupee'>₹</span>50 lakh.(Representative image/ Whatshot)
Published on Mar 27, 2023 06:34 PM IST
PTI | | Posted by Shobhit Gupta

Housing sales up 14% in Jan-Mar to 1.13 lakh units across top 7 cities: Report

Delhi-NCR is the only city likely to witness a decline in sales during the first quarter of this calendar year.

Mumbai Metropolitan Region (MMR) and Pune contributed 48 per cent to total sales. (Bachchan Kumar/ Hindustan Times)
Published on Mar 26, 2023 01:02 PM IST
PTI | | Posted by Yagya Sharma

Share of affordable homes supply across 7 cities slips to 20% from 40% in 2018

Delhi-NCR-based realty firm Signature Global Chairman Pradeep Aggarwal said, "One of the main reasons is that the cost of inputs and land prices have both risen significantly in the past few years, leaving no room for developers to launch projects in this category".

The share of the supply of affordable housing in 2019 remained at 40 per cent in the total new launches of 2,36,560 units.(Representative image/ Bloomberg)
Published on Mar 25, 2023 08:22 PM IST
PTI | | Posted by Yagya Sharma

Chinese buyer's offer for this Hong Kong mansion could be new Asia record

The four-story property is located at No. 45 Barker Road, with a total floor area of 4,700 square feet (437 square meters), the Hong Kong Economic Times reported, citing an unidentified market source.

Hong Kong’s Peak is a luxurious residential neighborhood where many of the city’s richest tycoons own homes.(Bloomberg via Google maps)
Published on Mar 23, 2023 09:09 AM IST
Bloomberg |

Ganga Realty to invest 750 cr in Gurugram housing project

Ganga Realty will develop 2,972 apartments in new project ‘Tathastu’ at Gurugram.

Ganga Realty's project is expected to be delivered by the first quarter of 2027. (Representative)
Published on Mar 21, 2023 05:28 PM IST
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