GLOBAL HOUSING MARKETS
Signature Global reports Rs 3,120 crore pre sales in Q1 FY25 with 255% YoY growth
Signature Global, Gurugram real estate developer, achieved Rs 3,120 crore pre-sales in Q1 FY25, 255% growth, 30% of Rs 10,000 crore target. Collections rose 102% to Rs 1,210 crore. Net debt fell 16% to Rs 980 crore. Launched two premium projects. Delivered 10.4M sq ft, 32.2M sq ft pipeline, 16.4M sq ft ongoing for next 2-3 years.
Charting the global economy: UK labour party wins in landslide
A surge of Chinese plastic supply is threatening to overflow in the face of weak domestic demand, morphing into a fresh trade challenge for the rest of the world.
Stock market update: Nifty Realty index falls 0.52% in a weak market
The Nifty Realty index was trading 0.52 per cent down at 1113.65.
Stock market update: Nifty Auto index advances 0.21%
The Nifty Auto index closed 0.21 per cent up at 25182.8.
Stock market update: Nifty Pharma index advances 0.65%
The Nifty Pharma index closed 0.65 per cent up at 19915.3.
Stock market update: Nifty Realty index advances 0.33%
The Nifty Realty index closed 0.33 per cent up at 1113.85.
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Stock market update: Nifty Bank index advances 1.77%
The Nifty Bank index closed 1.77 per cent up at 53089.25.
Stock market update: Nifty IT index advances 0.04%
The Nifty IT index closed 0.04 per cent up at 37314.35.
Sattva Group targets 85 pc growth in housing sales to Rs 6,500 cr this fiscal: MD Bijay Agarwal
Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore.
Will Nifty give up 24,000 or make new highs this week? 7 factors to decide
Looking ahead, market focus will shift to upcoming releases including US and Indian manufacturing Purchasing Managers' Index (PMI) data, alongside a pivotal speech from the Federal Reserve Chair. Meanwhile, attention within India remains fixed on the progress of the monsoon season, with the India Meteorological Department confirming its onset in Delhi and other parts of North India.
Hot Stocks: 3 stocks that may give returns between 16-33%
Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.
Affordable housing suffering; luxury continues to show bumper sales: Gulam Zia
Commercial real estate also is doing phenomenally well. If I have to give a few numbers, the last quarter and we saw almost about 14 to 15 million square feet of gross absorption of office space in the country, the top seven-eight markets that we always talk about.
Residential real estate at a 15-yr high; commercial may see best ever year: Anuj Puri
Clearly within the residential, we are seeing luxury doing exceptionally well, affordable unfortunately not doing as well and there is not that much supply that is coming in. But cities like MMR, Mumbai, Bangalore, NCR really leading the pack.
5 world market themes for the week ahead
Central bank decisions in Britain, Switzerland, and Norway will show the rate cutting trend, while retail sales data from the US and China will indicate consumer health. Europe gears up for the Euros 2024 tournament in Germany. Investors are monitoring cocoa supply issues in Ivory Coast, Ghana, and other countries like Brazil.
Signature Global buys 3.8 acre land in Sector 37D of Dwarka Expressway, Gurugram
Signature Global's strategic acquisitions and successful project launches have propelled the company's growth in the luxury housing market, exceeding pre-sales targets and achieving significant sales realisation increases.
Mumbai luxury property market records 3rd highest price rise globally in Q1
Mumbai saw a significant rise in prime residential prices, recording the third highest year-on-year growth globally. New Delhi also saw an increase, while Bengaluru experienced a slight drop. Mumbai's growth was driven by strong demand for higher value apartments. India's property markets have seen a surge in prices due to robust economic growth.
Builders want reduction in repo rate in RBI's next monetary policy to boost housing sales
Real estate developers urged the RBI to lower the repo rate in the upcoming monetary policy to reduce home loan interest rates and stimulate housing demand, as the RBI maintained the rate at 6.50%. Industry experts anticipate potential rate cuts in the future to boost the real estate sector further amid strong market performance.
China’s exports surge more than expected in boost for economy
Beijing is relying on sales abroad to offset weak consumer spending at home, where a real estate slump has led households to tighten their belts.
Housing finance companies to do well over the next 2-3 years: Madhu Kela
Even pre-election, I had an interaction with media and I said that I am very constructive on the overall financial sector, so I remain constructive. I think some of the corporate banks are also available at very reasonable valuation compared to their historical past, hardly any return is being made in the last four-five years, I would argue it is a good thing to have them in your portfolio. However as you rightly said within the whole sector the biggest opportunity might be in the housing finance sector basically because the companies are available at a very reasonable valuation.
Elon Musk: I'm against tax incentives for EVs
"Neither Tesla nor I asked for these tariffs, in fact I was surprised when they were announced", Musk said, referring to such policies recently announced by the United States.
Signature Global buys 14.65 acre land on Dwarka Expressway in Gurgaon
" Dwarka Expressway has swiftly become a premier destination for homebuyers seeking luxury residences. In recent years, numerous high-end residential projects have been launched in this area, with many more expected in the near future,” said Pradeep Kumar Aggarwal, Chairman and Whole-Time Director.
Stocks in news: M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech
HDFC Life announced its highest-ever bonus of Rs 3,722 crore on participating plans. This bonus will benefit over 22.23 lakh policyholders.
Aadhar Housing Finance shares see a tepid debut. Should you exit?
Contrary to the debut of TBO Tek, the listing of Aadhar Housing Finance was flat, falling short of expectations. The grey market trends signalled a gain of around 15-20% for investors.
Biden sharply hikes US tariffs on Chinese chips, cars & other items worth billions
President Joe Biden announced a significant increase in tariffs on various Chinese imports, including electric vehicles and medical products, to address what the White House deems unfair trade practices. The move aims to bolster U.S. economic security but risks straining relations with Beijing ahead of the upcoming election.
Aadhar Housing Finance stock makes D-Street debut on flat note
Aadhar Housing Finance debuts on BSE at Rs 314.3 post a successful IPO. Leading in low-income housing finance, it has highest AUM, faces market volatility challenges, and raised funds for future lending needs through fresh equity issue and OFS post DHFL Vysya merger.
Rs 5 crore budget may not guarantee luxury housing in NCR, prices scale new highs
With homes priced at ₹6 crore and above getting sold out within hours of launch, developers are not keen on launching smaller sized apartments, forcing end users to wait for the current uptick in the market to stabilise. The trend is also worrying industry experts as it is giving rise to speculative buying which might eventually cause a bubble in the property market.
Aadhar Housing Finance stock to list on Wednesday. Here's what GMP suggests
Aadhar Housing Finance IPO consisted of fresh equity issue worth up to Rs 1,000 crore and OFS of up to Rs 2,000 crore. It was booked nearly 26 times at close. Its GMP indicates a listing gain of around 15%.
Aadhar Housing Finance IPO allotment to be finalised on Monday: Here's how you can check status
In the unlisted market, Aadhar Housing Finance's shares are trading with a premium of Rs 70 against the issue price of Rs 315, translating to a listing gain of 22%. The company raised nearly Rs 899 crore from anchor investors ahead of the IPO.
Asian junk bond sales are hottest in five years on India boom
Regional sales of such corporate notes, outside of Japan, touched $5.9 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data. Indian borrowers have topped the share of sales so far this year, with nearly 44% share.
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