Shares of Oberoi Realty on Thursday jumped 9% to hit a fresh 52-week high of Rs 1,712.30 after the company reported a 65% year-on-year (YoY) jump in its Q4 profit at Rs 788 crore. The total income of the company rose to Rs 1,558.56 crore in the quarter from Rs 995.11 crore in the year-ago … Read more
The surge in home loans is driven by the rise in the real estate industry. Andromeda Sales and Distribution witnessed loans disbursal soared by over 23% to touch Rs 75,397 crore, driven primarily by the home loan segment. The home loan business surged to approximately Rs 33,918 crore in FY24, up by over 22% from … Read more
“One thing you will notice that in India no cement company has ever given any loss to the bank, no haircut. All cement companies have gone at a higher rate than what their debt was. So, it is a very clear that cement buyers are there quite a lot,” says HM Bangur, Chairman, Shree Cement.What … Read more
Property registrations in the Mumbai real estate market grew about 9 per cent to 11,504 units in April 2024, from 10,514 units a year earlier. This added over Rs 1,043 crore to the state exchequer, a report by real estate consultant Knight Frank India stated on Tuesday. The real estate market in Mumbai has witnessed a … Read more
Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt. Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. … Read more
FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was … Read more
The trend of serviced apartments that started more than a decade-and-a-half ago in Chennai has been growing at 10-15% each year. Business executives who come from around the world on short-term assignments, tourists visiting hospitals for long-term procedures along with family, NRIs coming during year-end for the music festival season, and students from foreign universities … Read more
Over the last several decades, real estate has been considered a very safe and stable option to park hard-earned savings. As a standard, across the world, real estate is always going to escalate in value, and over time, as the global economy continues to evolve, investors are increasingly exploring opportunities beyond their borders. Two prominent … Read more
In the ever-changing landscape of real estate, the potential for acquiring a home may reach a better level, compared with the last three years, by 2024. Looking at market dynamics, price, affordability, and economic indicators, analysts say the prospect of homeownership appears increasingly within reach for many in the coming year. Let us further explore … Read more
In the ever-evolving realm of India’s real estate, the third quarter of 2023 has brought about unexpected changes, capturing the attention of both investors and industry stakeholders. Amidst this dynamic landscape, the significance of real estate investment with limited capital has come to the forefront. As property prices surge in both commercial and residential sectors, … Read more