AND REALTY
Stock market update: Nifty Realty index advances 1.66%
The Nifty Realty index closed 1.66 per cent up at 1126.25.
Bharat Agri Fert & Realty eyes Rs 800 cr revenue from new housing project in MMR
Bharat Agri Fert & Realty Ltd has announced the launch of a new high-rise housing project, Wembley-24, in Majiwada, Thane, within the Mumbai Metropolitan Region (MMR). The project is expected to generate Rs 800 crore in revenue over the next four years, with an estimated project cost of Rs 300 crore due to company ownership of the land.
IT stocks lead D-Street charge as rate cut speculation mounts
The 30-share BSE Sensex rose by 52 points, or 0.06%, to close at 80,716, while the broader NSE Nifty increased by 26 points, or 0.11%, finishing at 24,613. In the Sensex pack, HUL, Bharti Airtel, Tech Mahindra, Infosys, M&M, and ICICI Bank recorded gains. Conversely, Kotak Mahindra Bank, NTPC, Reliance Industries, UltraTech Cements, and Power Grid saw declines.
ESR leases out 48,800 sq ft industrial space to UPM Raflatac in Navi Mumbai’s Taloja
UPM will be utilising this space in ESR Taloja Industrial & Logistics Park to serve its growing customer base in India and achieve higher efficiency in their operations.
2 top stocks recommendations from Vishal Malkan
I think what we just mentioned, what we just discussed, that infra and realty stocks would be the best bet pre-budget as well as post-budget because that is where most focus is going to be and so infrastructure is the leading sector as of now.
Budget 2024: LTCG auditions for a new role in India realty show
The proposal suggests that property held for more than 12 months be considered long-term assets, bringing this in line with equities and equity mutual funds, a person privy to the deliberations told ET. However, there may not be any change in the tax rates for both long-term and short-term capital gain. The long-term capital gains tax on property is 20% with indexation benefits to adjust for inflation.
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Nielsen Media, group co leases over 1.52 lakh sq ft in Mumbai’s Goregaon
Nielsen Media has secured an office space in Mumbai's Goregaon for over 10 years, with a total rental outgo of over Rs 465 crore. The lease agreement will commence in January 2025 and the fit-out period will start in June 2024. The total monthly rental of Rs 3.88 crore includes Rs 2.87 crore for Nielsen Media's office space and Rs 1.01 crore per month for What's On Media's office space. The agreement also provides exclusive access to 164 car parking slots in the tower.
Birla Estates acquires 5-acre land in Gurgaon, targets Rs 1,400 crore revenue
The company will develop around 10 lakh square feet and is expected to generate revenue of over Rs 1400 crore with residential project.
Stock market update: Nifty Realty index advances 1.34%
The Nifty Realty index closed 1.34 per cent up at 1107.9.
Realty project completion gets faster now, thanks to tech & stricter rules
Real estate developers in New Delhi have reduced project timelines since 2014, completing them in five years instead of six. This improvement is driven by modern construction technology and the Real Estate Regulatory Authority (RERA). According to Anarock, smaller projects (under 500 units) now take four years, while larger ones take about 4.9 years. Large and listed developers, holding a 34% market share, ensure timely deliveries. Southern cities like Chennai (3.6 years) and Hyderabad (4.2 years) excel in quick completions, unlike northern cities including NCR, which face delays due to weather and statutory restrictions.
Stock market update: Nifty Realty index falls 1.5%
The Nifty Realty index closed 1.5 per cent down at 1093.2.
India tops China in billion-dollar realty companies
India's real estate sector has surged, boasting 36 homegrown companies valued at $1 billion or more, surpassing China in this regard. The growth, outlined in the 2024 GROHE-Hurun India Real Estate 100 report, highlights the sector's robust expansion driven by urbanization, infrastructure development, and shifting consumer preferences. Leading the pack is DLF with a valuation of ₹2 lakh crore, followed by Macrotech Developers and Adani Realty. Mumbai leads with 33 companies on the list, underscoring India's thriving property market amid significant global contrasts in real estate fortunes.
Stock market update: Nifty Realty index falls 1.49%
The Nifty Realty index closed 1.49 per cent down at 1109.9.
Sebi to auction HBN Dairies properties, fixes reserve price at Rs 67.70 crore
Sebi will auction HBN Dairies' assets valued at Rs 67.70 crore next month to recover funds from illicit schemes. Supreme Court authorised the sale following directors' failure to refund investors. Properties include mall, hotel, and plots across multiple states. Quikr Realty and C1 India to assist in online auction. Bidders advised to research property details before bidding. Auction to take place on August 13. HBN Dairies raised Rs 1,136 crore through illegal investment schemes.
Sanofi India decides to put headquarters in Mumbai on the block
Sanofi's Indian subsidiary is planning to sell its 150,000 sq ft standalone property in Mumbai's Powai area, which serves as its current headquarters, to focus on monetization and operational consolidation. The move follows the acquisition of a long-term lease for an office in Vikhroli suburb, where Sanofi Consumer Healthcare will relocate as part of a broader strategy. The Powai property sale is expected to yield approximately Rs 250 crore based on current market rates.
India outshines China with 36 real estate companies valued at over a billion dollars
India has surpassed China in the global real estate sector with 36 billion-dollar companies, a significant increase from just 7 six years ago. Mumbai leads with 33 companies, followed by Bengaluru and New Delhi. DLF is the most valuable, with Adani Realty entering the top 10. The sector's growth is driven by urbanization and infrastructure development, with 86% of companies increasing in value. The top 100 companies are valued at $171 billion, exceeding the combined GDP of Oman and Sri Lanka.
Stock market update: Nifty Realty index falls 0.04%
The Nifty Realty index closed 0.04 per cent down at 1126.65.
Stock Radar: 200% rally in a year! Anant Raj breaks above 17-year consolidation period to hit fresh record highs; what should investors do?
Anant Raj Ltd, part of the realty sector, has seen a remarkable rally of over 200% in a year, breaking out from a 17-year consolidation. Experts suggest short-term traders consider buying the stock for potential gains above Rs 600 levels in the next few weeks.
Stock market update: Nifty Realty index advances 1.14%
The Nifty Realty index closed 1.14 per cent up at 1127.05.
Tata Realty plans to triple its office space portfolio in 7 years
On launching a real estate investment trust (REIT), Sanjay Dutt said, “Those options are always there. At that point in time, we will take a call. We don't want to comment right now because it's very fluid. Rightnow, our goal is to scale our portfolio and become meaningfully sizeable”.
Bank of Baroda, Indus Towers among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Tuesday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Tata Realty & Infra secures loan worth Rs 825 crore from IFC
This financing is a part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India.
Rekha Jhunjhunwala trims stake in smallcap counter Raghav Productivity in June quarter
Rekha Jhunjhunwala trimmed her stake in Raghav Productivity Enhancers to 4.98% by June 30, 2024. The stock surged 70%, outperforming Nifty, and trades above SMAs.
Titan, Bank of Baroda among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Monday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Raymond approves demerger of real estate business, to list on exchanges separately
Raymond Ltd has approved the demerger of its real estate business into Raymond Realty Ltd following the recent composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure.
Raymond board approves demerger of realty biz to unlock growth potential
The company anticipates numerous benefits from the proposed restructuring of its real estate business. This is due to the distinct nature of risks, competition, challenges, opportunities, and business methods between the real estate and remaining operations, resulting in varied growth potential. The separation aims to unlock and maximise the unique strengths of each division.
Ganga realty to invest Rs 1,200 crore in developing luxury housing project in Gurgaon
Gurgaon-based real estate developer Ganga Realty plans to invest Rs 1,200 crore in a luxury residential project in Gurgaon's Sector 85. The project, expected to generate Rs 2,000 crore in revenue, will include the tallest residential towers in Gurugram, with G+59 storey buildings. It is set to be completed in the next five years.
Real estate growth strongest in greater Mumbai region, says Mahantesh Sabarad
The Mumbai real estate sector, particularly in the greater MMR region like Thane, has thrived in the past two years, outpacing traditional growth markets. Companies like Raymond, Oberoi Realty, and Godrej, with investments in this area, are poised for strong performance amidst upcoming metro projects.
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