In an interview with PTI, DLF Home Developers Ltd Senior Executive Director Aakash Ohri expressed confidence that the company would achieve its sales guidance of average Rs 1,000 crore a quarter, driven by need for home ownership and upgradation to bigger homes with better amenities amid the COVID-19 pandemic. Realty major DLF Ltd has sold […]
Business conglomerate Shapoorji Pallonji’s housing platform Joyville sold properties worth around Rs 1,100 crore in the last financial year, double from the previous year, on strong demand for its apartments amid low-interest rates on home loans, a top company official said. Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, […]
India witnessed a promising start to 2021 until the COVID-19 pandemic derailed the road to recovery. The pandemic has underscored the significance of well-being and maintaining a harmonious balance with nature. It has also reaffirmed the significance of owning a home as opposed to living in rented accommodation with insecurities. According to a report by […]
However, in the absence of additional measures, the recovery period post the second wave may get elongated, thereby placing higher stress on developer cash flows, especially for the smaller ones. The residential realty sector has recorded one of its best quarters in Q4 FY2021, with sales across the top eight cities nearing 85 million square […]
The report ascertains the suitability of cities on the basis of factors such as population density, open area ratio and hospital infrastructure. Gurugram is the most suitable city to live in during COVID-19 times considering factors such as population density, open area ratio and hospital infrastructure, a new report by Square Yards titled Suitability Index: […]
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 […]
Larger homes are not just a preference but a necessity in a work-from-home and study from home environment in COVID-19 times. Sales in the 3BHK category have increased due to homebuyers’ preference for larger homes even in peripheral locations. The sale of 3BHK housing units has increased by 19% on a year-on-year basis, according to […]
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 […]
The Indian real estate sector has always remained an investor’s favourite which has shown immense resilience against the pandemic. Continuing its uphill climb against all odds, the sector continues to attract potential buyers. These positive sentiments were reflected in a recent ANAROCK report which said that in the nine months between July 2020 and March […]
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 […]