GODREJ PROP
Godrej Properties buys TDR certificates for Gurugram project
Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq ft of construction, potentially generating Rs 900 crore in revenue. TDRs, obtained from Haryana government for land acquisition, were sold with a floor area ratio (FAR) of 2. This strategic move is expected to catalyze similar transactions in Gurgaon, following the company's significant sales growth in FY24 and upcoming projects in prime sectors.
Should you buy a house now before property prices soar or wait for home loan interest rates to drop?
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
Book out of DLF, Godrej and get into banks; also buy IT and PSU stocks: Sanjiv Bhasin
Regarding real estate, Bhasin advises waiting for numbers and warns that new launch prices may not be sustainable. Sanjiv Bhasin suggests booking out of DLF and Godrej and getting into some banks after recent price correction. . He is also favourable towards Paytm, ICICI, Axis, Wipro, HCL Tech, ONGC, GAIL, SW Solar, and Dhanlaxmi Bank.
Prop-tech startup HouseEazy raises $1 million in funding from Antler, others
HouseEazy uses a proprietary machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings and negotiations for sellers.
Realtors expect record sales this year; unsold inventory hits a decadal low
Property developers in India's top seven cities are expecting home sales to reach more than half a million units this year, driven by strong demand and new launches. Despite concerns about rising interest rates, industry executives and experts believe that demand will remain robust. The reduction in unsold housing stocks in tier-1 cities also indicates the confidence of homebuyers. New property launches in the top cities have remained consistent with 2022 levels, and the market's resilience is evident with an 8% rise in absorption compared to last year. Pune, Hyderabad, and Thane have emerged as leaders in new launches and absorption.
Stocks in focus: Tata Power, Godrej Prop and more
GIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, at 20,229.50, signaling that Dalal Street was headed for positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.Stocks in focus: Tata Power, Godrej Prop and more
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Stock market update: Nifty Realty index advances 0.47%
The Nifty Realty index closed 0.47 per cent up at 517.25.
Stock market update: Nifty Realty index falls 1.24% in a weak market
The Nifty Realty index was trading 1.24 per cent down at 405.85.
Indian consumer goods makers bet on rural recovery to lift profits
Cinthol soap-maker Godrej Consumer Products Ltd and Parachute oil manufacturer Marico Ltd are set to improve their earnings the most in two years when they report results for the fiscal fourth quarter, according to Refinitiv data.
Gainers & Losers: Hindalco, Godrej Prop among 8 stocks in limelight on Monday
It was a listless session for domestic equities on Monday as investors cashed in on the recent gains, awaiting Gujarat assembly elections exit polls and RBI’s monetary policy action. RBI’s three-day meet began on Monday, and the outcome will be announced on Wednesday. Exit polls of the Gujarat assembly elections will be released around 5 pm Monday. Nifty 50 ended flat at 18,701, and Sensex ended 0.1% down at 62,834 points. Following are the stocks that were in the limelight:
Want to play the festive theme? Bet on these 2 stocks: Sudip Bandyopadhyay
“A lot of consumer spending is going to happen over the next three-four months which is Dussehra, Diwali, Christmas and the entire festive marriage season. I would probably go and bet on Trent. I think this is one stock where there is a lot of opportunity for appreciation. The second company which I will bet on is the tried and tested Titan.”
Mohit Malhotra resigns as MD & CEO of Godrej Properties
Mohit Malhotra has resigned as the Managing Director and the Chief Executive Officer of Godrej Properties with effect from December 31, 2022, the company said in a press release on Tuesday.
Residential sales continue to grow month-on-month amid surge in property prices
Experts said that following the outbreak of the Covid-19 pandemic, the perception of real estate investing changed, especially in light of hybrid work models or work-from-home opportunities, and that marginal changes may not have an impact on buying decisions.
A blessing in disguise: Will the real estate sector see a recovery amid rate hikes?
After analyzing the takeaways from the post earning conferences, interactions with developers and Q4 numbers, brokerage firm Elara Capital expects healthy momentum likely to continue."Industry continues to witness a structural positive shift in housing demand, with fundamental demand drivers in place," it said.
Godrej Properties ties up with TDI group for luxury housing project at Connaught Place in Delhi
According to property consultant PropTiger, housing sales are likely to rise by 15-20 per cent annually during the current calendar year across eight major cities on pent up demand and low-interest rates on home loans.
Investors get richer by Rs 2.77 lakh cr; possibility of Biden win sends Sensex 724 points up
As Joseph Biden reached closer to victory in the US election, volatility in the market came down sharply.
LIVE Market Technicals with CK Narayan
CK Narayan of Chart Advise, Dalal Street's most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page.
Crisis-hit realty firms offer discounts, easy payment plans, assured rents to attract customers
The cash discounts have helped developers to some extent in selling their inventories during this COVID-19 period and they are likely to continue with such offers in the upcoming festive season, which accounts for maximum sales in a year.
FMCG sales in fast lane in rural areas; hygiene, immunity products in demand
The firms have started to offer these items in value packs and are also expanding their network in rural and semi-urban markets. "Rural has been growing much ahead of urban and it's actually performing better than the pre-COVID days," Godrej Consumer Products (GCPL) CEO India and SAARC Sunil Kataria said.
Market Movers: Godrej Prop, HUL, Maruti rise; ITC tanks; 27 stocks flash ‘buy’ signals
Sensex added 137 points to 39,872 while 50-share Nifty gained 62 points to close at 11,724.
Indian realty market passing through major consolidation: PropEquity
There has been a massive consolidation with over 50 per cent of the total developers that existed in 2011-12 leaving the market by 2017-18, PropEquity said.
Realty portal tiger acquires Oobi
Both the companies did not divulge the deal size, but maintained that OoBI has been profitable since its inception in 2012.
Godrej Prop buys back Red Fort's 49 pct stake in Kolkata project
Godrej Properties has bought back private equity firm Red Fort Capital's 49 pct stake in a subsidiary in Kolkata, for an undisclosed amount.
Godrej Prop may Raise 700 cr via Rights Issue
700 crore through rights issue to support its growth capital requirement.
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