Listen To The Article The Special Window for Affordable and Mid-Income Housing (SWAMIH) fund has accepted approximately Rs 207 crore for the completion of a stalled real estate project in Greater Noida. The last-mile funding, of which the first instalment was recently released, will result in the timely supply of homes to 1,000 house consumers at Sikka Kimaya Greens. "The Sikka group...
Listen To The Article Godrej Properties today announced that it sold villas worth more than Rs 300 crore on the first day of the launch of a 100-acre township in Greater Noida, defying the current slowdown in the NCR property market. Godrej Properties is the Godrej Group's real estate division. This is the firm's first project in the Noida-Greater Noida area. The 'Godrej Golf Links' township...
Listen To The Article MCG has prepared estimates to repair the inadequate infrastructure in four of the eight private colonies it took control of five months ago. It has made the estimates after conducting a new survey on the ground following the takeover, which will now be forwarded to the state government for final approval. According to officials, the highest estimate is for Vipul World,...
Listen To The Article Gurgaon’s Golf Course Road, Extension Road, and Sectors 128–135 on the Noida Expressway are emerging as preferred NCR micro markets for developers for both residential and commercial projects, with non-residents looking to acquire land in these two areas. While M3M has several projects on Gurgaon’s Gold Course Road Extension, DLF is also planning to launch a group...
Listen To The Article Sobha Ltd recorded a 13% increase in sales bookings to Rs 1,164.2 crore in the second quarter of this fiscal year, owing to higher price realization. In terms of volume, sales bookings fell to 13,36,828 square feet in the July-September quarter of the 2022-23 fiscal year from 13,48,864 square feet the previous year. In the previous year, it had sales bookings of Rs...
While the affordable housing sector continues to be in decline, the luxury residential market in NCR cities is booming, with a year-on-year increase in its proportion. According to the most recent research by real estate consultants Anarock, the NCR cities had a close to 12% luxury property market share in the first half of the calendar year — a nearly 100% increase from 6% in 2021. In 2019, the...
DLF is aiming for quarterly sales of Rs 2,000-2,500 crore this fiscal year, with launches planned in Panchkula, Gurgaon, and Goa. The real estate developer, which has already made Rs 3,000 crore from low-rise impartial flooring, is counting on lavish gross sales and aiming for another Rs 2,500 crore from low-rise buildings in Haryana's Panchkula and Gurgaon. Consumers are looking for larger homes...
The Delhi-based company submitted the Draft Red Herring Prospectus (DRHP) to the capital markets regulator SEBI last month in order to raise up to Rs. 1000 crore through an IPO. The real estate company, Signature Global India Ltd., reported a net loss of Rs. 115.5 crore during the previous fiscal year. The company is preparing to conduct a Rs. 1,000 crores public offering. Its net loss for the fiscal...
Omaxe, a developer of real estate, has been given a limited credit rating of CARE BBB-/Stable, an upgrade from the secure outlook of CARE BB. Omaxe reduced its debt from Rs 1400 crores to Rs 850 crores as of March 31, 2022, by repaying lenders an aggregate Rs 550 crore as principal costs. However, the issuance of NCDs of Rs. 440 crores (of which Rs. 340 crores are raised until Jun. 30, 2022)...
The COVID-19 pandemic's intensity has decreased, and India has emerged as the fastest-growing global economy, which has brought attention back to real estate as an evergreen asset for investment. The rising demand from purchasers and investors for both residential and commercial properties reflects the boom. Gurugram and its growing markets are quickly emerging as the top real estate locations in the...