REAL ESTATE INVENTORY
Best approach for self-redevelopment of a real estate project: 7 things to know
Find out if you, as a society member, should embark on this ambitious project or leave it to the developer.
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.
Sector-wise fundamental analysis of Indian stocks after elections
Investing in quality companies and adopting a long-term SIP approach can maximize benefits in India's growth journey towards a $10 trillion economy through essential infrastructure development.
Cushman & Wakefield launches advisory platform to help firms set up capability centres
Global property consultant Cushman & Wakefield on Wednesday announced the launch of an integrated advisory platform to help multi-national companies set up Global Capability Centres (GCCs) in India, Philippines and some other countries. At present, there are around 1,600 GCCs operational in India and the number is expected to rise exponentially to more than 2,400 by 2030.
Roads, renewables and real estate investments to go up by 38% in FY’25 and FY’26 to Rs 15 lakh crore: CRISIL Ratings
In its annual Infrastructure Summit 2024, CRISIL Ratings said the surge will ride on India’s need for creation of sustainable infrastructure by adding more green power to the energy mix, improving physical connectivity through a denser road network, as well as rising demand for residential and commercial real estate, cautioning of some risks across three scetors.
Low unsold housing stock makes room to absorb slower pre-sales growth
The tier I residential real estate inventory in India's top eight cities remains manageable, with a quarter-to-sales ratio of 11, lower than the six-year high of 13. Pune and Bengaluru have favorable unsold stock levels, while Mumbai and Chennai face high inventory build-up. Despite strong pre-sales and housing launches in FY24, the absorption rate remains comfortable. Pre-sales for tier-1 players grew 71% on-year in March. Collections increased by 29%, although leverage remains high. The gross debt to collections ratio slightly rose to 2.4x in FY24.
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Real estate prices set to soar in Amaravati with fillip from new govt in Andhra Pradesh
After a dormant period, Amaravati's real estate market is poised for a resurgence following political shifts in Andhra Pradesh. Land deals are escalating as infrastructure projects recommence. CREDAI predicts a doubling of land prices within 18 months, buoyed by renewed government initiatives and local optimism, signaling potential economic revitalization.
Residential real estate sales cross 1 billion sq ft mark; Kotak Institutional Equities reveals 3 top picks
The domestic brokerage said the stock rally is a sign of the underlying business performance. The valuations for most residential real estate stocks stand at 7-12X adjusted EV/EBITDA (FY2026E) --- the higher end of their past trading range. This speaks of a changing investor interest.
ARCs to see recoveries improve from stressed residential projects
ARC expected to see 5-7% increase in recovery rates of stressed residential projects. Recovery rates to reach 16-18% by March 2025 due to rising prices, demand, and investor interests.
High-rise skyline of the property market
India's property market is in an upcycle since the pandemic, driven by demand for larger living spaces during WFH. Real estate prices have climbed due to the wealth effect of stock market returns and incentives for affordable housing.
Higher property prices, changes in law to boost debt recovery from stressed realty projects: Report
The recovery of debt from stressed residential realty projects is expected to increase in the current financial year due to rising property prices and regulatory changes. Crisil forecasts a bad loan recovery rate of 16-18% by FY25, driven by improved project viability, strong demand, and investor interest. Recent amendments to IBBI regulations are also seen boosting real estate asset resolution. With residential realty demand projected to grow by 10-12% and low unsold inventories, ARCs are expected to expedite the turnaround of stressed projects.
ARCs to see 5-7% higher recoveries from residential realty in FY25: CRISIL Ratings
Additionally, recent amendments to the Insolvency and Bankruptcy Board of India (IBBI) regulations are expected to expedite the resolution of stressed real estate assets in the medium term, enhancing the overall recovery process for ARCs.
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?
Robust housing demand helps in faster inventory liquidation
Residential property markets in the top seven cities - Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad and Kolkata - have witnessed a significant 31% decrease in the time taken to sell active unsold housing inventory, showed a JLL analysis.
Unsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report
Unsold housing stocks in seven major cities have risen by 24 per cent since 2019, totaling about 4,68,000 units in March 2024. However, realty firms are expected to sell them 31 per cent faster due to high sales velocity, according to JLL India. The time to sell the active unsold inventory has decreased from 32 months in 2019 to just 22 months in Q1 2024, driven by a surge in housing demand.
Best is yet to come; for current year, looking at 25% growth over last year: Irfan Razack, Prestige Group
Irfan Razack, CMD of Prestige Group, outlines the company's strong sales performance, future launch plans, and expansion strategies in Bangalore and other cities, emphasizing growth projections in various sectors by 2028. In Delhi NCR, Prestige is launching projects in Indirapuram, Noida and KG Marg. However, because of the election, code of conduct has kicked in and things have been at a standstill in the last few months.
Union Bank invests Rs 250 crore in Hyderabad realty co’s luxury housing project
Company’s project The Megaleio will be spread in over one million sq ft area and will need to Rs 800-900 crore. While the funding raised from the bank will be used to start the construction, balance work will be done through the sales receivable, which is more than Rs 1,200 crore.
Aurum Analytica: Transforming real estate with Data Science and AI
Aurum Analytica, a data analytics firm in real estate, uses data science and AI. CEO Prakash Tejwani and co-founders Sahil and Vishal discuss the company's mission and growth.
Unsold housing inventory dips by 57% in NCR in five years
Residential real estate upcycle aids NCR, slashing unsold stock by 57% in 5 years, topping nationwide improvement. Southern cities saw moderate declines. Controlled supply boosts NCR's success, buoyed by renewed buyer confidence and regulatory reforms. Gurgaon and Greater Noida lead reductions. Luxury segment drives demand, signaling further project surge.
Strong demand tailwinds are for all the players: 5 small and midcap real-estate stocks with upside potential of up to 34%
Four years ago, the real estate industry was defined by excess inventory, over leveraged balance sheets and weak demand. Today, a housing project getting launched is getting sold within a few days. The average prices on a per square ft basis have inched upward very sharply in the last one year and still there is no dearth of demand. Now the question is whether this kind of sharp rise in demand is having an impact only on large players or also on mid-sized companies which are focussed in a region only. The fact is that in the case of sectors like real estate, when the tide of demand changes, it changes for every player, be it large or medium. Yes, when it comes to medium-sized players it would be important to look at the players where they have a track record of implementing projects on time. Delivering the project on time is key metrics which determines whether the company which is mid-sized today will become large or not in years to come. As the large ones have seen a sharp rise in the valuations, the focus of the street is now also on mid-sized by well managed companies.
Need to be slightly circumspect of the rally in commodities: Ashish Gupta
Inflation has consistently been lower than historic trends. We have much more stable currency. We have a current account which is either in a minor deficit or a minor surplus.
China lays out 'historic' plans to prop up its realty market
Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and old apartments, to slow down falling prices and to reduce a growing stock of unsold homes. Since the property market began its steep downturn in 2021, a string of developers have defaulted, leaving scores of idle construction sites behind, and sapping confidence in what had been the preferred savings instrument for the Chinese population.
Signature Global to launch projects worth Rs 16,000 crore in FY25: Chairman Pradeep Kumar Aggarwal
Realty developer Signature Global aims for Rs 10,000 crore pre-sales in FY25 and to be debt-free by 2026. The company reported 112% growth in pre-sales to Rs 7,720 crore for FY24, exceeding guidance. With launches worth Rs 16,000 crore planned for the fiscal, they are actively seeking acquisitions and expanding their portfolio.
China unveils steps to stabilise crisis-hit property sector
China announced significant measures to stabilize the struggling property sector. The measures included allowing local governments to purchase apartments, easing mortgage rules, and committing to finishing incomplete homes. These efforts aim to address declining demand, falling prices, and a surplus of unsold properties, with the hope of reviving a sector that once contributed significantly to the economy.
Housing prices in this Bengaluru area jumped 32% in Q1; know how much property prices have risen in your city
Average housing prices in Bengaluru have increased by 19% year-on-year (YoY) in the January-March quarter of 2024. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city
Housing prices in top 8 markets rise average 10% on-year in Q1: Report
Residential real estate in top Indian cities saw a 10% average price increase YoY in the Jan-Mar quarter, driven by strong demand. Bengaluru, Delhi NCR, Ahmedabad, and Pune led with double-digit growth. Unsold inventory increased marginally nationally but dropped in Pune, Delhi-NCR, and Ahmedabad. Bengaluru and Hyderabad saw a slight dip in unsold units quarterly. Developers are monitoring stock and demand for new launches.
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.
Two Chinese megacities lift home purchase curbs to attract buyers
Hangzhou and Xian lifted home purchase limits to revive the real estate market impacted by the pandemic and borrowing rules. The move aims to attract buyers and support the sector, following a decline in prices.
India's Kajaria Ceramics posts surprise Q4 profit drop on higher costs
India's Kajaria Ceramics reported a surprise drop in fourth-quarter profit on Tuesday, hurt by increased costs and weak demand.
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