DLF posts Q4 net profit of Rs. 477.37 crore
DLF Ltd, India’s largest real estate developer, on Friday said it has posted a net profit of Rs. 477.37 crore for the quarter-ended 31 March 2021. The company had reported a net loss of Rs. 1,860 crore for the corresponding period a year ago, after a one-time, exceptional tax provision of R s272 crore and […]
Commercial Real Estate, the Future of Investing
Despite the pandemic, India’s commercial realty is attracting investors looking for safe growth. Triggered by strong fundamentals, infrastructural developments and conducive policy reforms, the Indian commercial realty has been embarking on a higher growth trajectory, contributing significantly to the country’s economic story. It has attracted equity investments worth over $15.4 billion since 2011, as revealed […]
Real Estate: Noida Leads in Office Space Uptake in Delhi-NCR, Pips Gurgaon
Noida is attracting corporates as it boasts of better road and metro connectivity, affordable housing, abundant power, Grade-A offices, competitive rentals and upcoming international airport and logistics hub. But, analysts point out that it has a lot to do to catch up with Gurgaon in terms of large clients. Noida has been consistently topping the […]
Housing Rates Unlikely to Fall Despite Lower Demand
After a significant correction last year, housing prices are likely to remain stable, or even witness a moderate hike in the coming months, despite a dip in demand due to the second Covid-19 wave. “The sale of housing units rose across top cities in India in the first quarter of 2021 to nearly 1 lakh […]
Demand for Spacious Homes Picks up Amid Covid Pandemic
The work-from-home (WFH) culture and e-learning traditions during Covid-19 have drastically influenced homebuyer’s preferences and the recent trends show an increased inclination of potential homebuyers towards larger 3BHK spaces even in emerging peripheral localities. According to data accessed by Prop Equity, sales of 3BHK housing units have increased by 19% on a year-on-year basis and […]
Trend of Shop-Cum-Office Space Driving the Realty Market in Tier-II Cities
Nowadays the realty sector is focusing more on progressing developments and expansion according to the requirements of the investors. The developers are also considering experimentation with new advancements in the commercial sector. This encourages the unique commercial setup called as Shop-cum-Office spaces in the market. The concept of Shop-cum-Office has become quite popular after the […]
Recovery of Real Estate to Resume in Coming Months
Real Estate Industry is facing challenges due to a surge in the cases of pandemic followed by a halt in the recovery of sector post adverse of pandemic last year. However, with several measures already in place, the sector is expecting a marginal impact to overcome challenges that arisen in the second term of the […]
Realty Developer Mapsko to Invest Rs 200 Crore in Acquiring Stalled Projects
Realty developer Mapsko Group said it will invest Rs 200 crore in 2021 to acquire stalled projects, which require last mile funding and will focus on completing it. Rahul Singla, Director, Mapsko Group told ET that sales momentum is back since November 2020, as Mapsko’s MountVille residential project clocks sales worth Rs 190 crore within […]
Realty firm M3M signs MoU with Swedish Firm to Develop Smart City
Realty firm M3M group on Tuesday signed an agreement with a Swedish company to develop a smart city project in Gurugram, Haryana, that has a potential to attract foreign investment of USD 2 billion. The smart city project is being proposed on 165-acre land that M3M India bought in 2016 from Sahara group for Rs […]
Century Textiles Lines up Rs 1,000-crore Capex for Birla Estates this Fiscal
Century Textiles & Industries, which runs three business verticals — paper & pulp, realty and paper tissues, and nets over 70 per cent of the income from the first — is diverting its focus onto the real estate business and has lined up Rs 1,000 crore for capex this fiscal for its ongoing and upcoming […]