Housing sales in Mumbai grow three-fold in March 2021, says report

Buoyed by a cut in stamp duty along with resurgence in realty demand, housing sales in Mumbai in March 2021 increased 234 per cent over the same period last year, showed recent report. While March 2020 noted registrations of 3,798 units, March 2021 saw 12,696 units being registered, said the Knight Frank India report. “As … Read more

DLF sells 90 independent floors for Rs 300 cr, plans more such projects

In Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New Gurugram and Panchkula among others. “Recently we launched 88 residences in form of premium independent floors (at a price point … Read more

Realty firms see jump in enquiries and purchases by Gulf-based NRIs

Job losses in gulf countries after the Covid-19 spread, falling oil prices, and the security of owning a house in one’s native country are driving the trend, say many developers Business Standard spoke to. From the UAE alone, some 150,000 Indians registered to repatriated, of which 25 per cent cited job losses as a reason … Read more

Cash-rich PE firms, NBFCs seek deals from realtors on social media

Last week, Amar Merani, chief executive and managing director (MD) of Xander Finance – the lending arm of Singapore-based private equity (PE) firm Xander – asked for last-mile or finished commercial and residential inventory deals for long-term structured credit on his LinkedIn profile. Merani said manufacturing and service companies outside real estate – but having … Read more

HDFC pitches for one-time loan recast for realty projects

Mumbai: Ahead of the presentation of the Union Budget 2020-21, largest pure play home financier HDFC on Tuesday pitched for a one-time loan recast for realty projects. Its Chairman Deepak Parekh said lenders are not able to write new loans for projects because a new borrowing by an entity which is already a non performing … Read more

SBI launches home loans with project completion guarantee !

MUMBAI: Country’s largest public sector lender State Bank of India on Wednesday announced a ‘residential builder finance with buyer guarantee’ (RBBG) scheme aimed at giving a push to residential sales and improve homebuyers’ confidence. Under this scheme, the SBI will issue a guarantee for completion of select residential projects to customers which have availed home … Read more