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Rise in housing prices unabated at 7% YoY in Q2 2023: CREDAI - Colliers - Liases Foras | Housing Price-Tracker Report Q2 2023 Housing prices across the top eight cities in India increased 7% YoY amid robust housing demand backed by continued positive homebuyer sentiment and stable interest rates. Kolkata recorded the highest increase in residential prices at 15% YoY, followed by Delhi NCR and Hyderabad with 14% and 13% YoY increase respectively. Fueled by a continued desire for home ownership and stable interest rates, coupled with growth in disposable incomes, housing demand is poised for steady growth even am...
Rise in housing prices unabated at 7% YoY in Q2 2023: CREDAI - Colliers - Liases Foras | Housing Price-Tracker Report Q2 2023
Rise in housing prices unabated at 7% YoY in Q2 2023: CREDAI - Colliers - Liases Foras | Housing Price-Tracker Report Q2 2023
Source: PR Agency
9/08/2023 2:00:53 PM
Expert Views on Anarock Report - Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15% By Mr. Mohit Jain, Krisumi Corporation Below the Expert views on Anarock Report "Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15%" by Mr. Mohit Jain, Managing Director, Krisumi Corporation   "Luxury homes witnessing maximum price appreciation in the last five years is not at all surprising, considering that the demand in this segment has surged during the COVID and post-pandemic. People are looking to buy spacious homes with better amenities. Luxur...
Expert Views on Anarock Report - Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15% By Mr. Mohit Jain, Krisumi Corporation
Expert Views on Anarock Report - Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15% By Mr. Mohit Jain, Krisumi Corporation
Source: PR Agency
8/08/2023 12:22:54 PM
Expert Views on Anarock Report - Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15% By Mr. Pradeep Aggarwal, Signature Global (India) Ltd. Below the Expert views on Anarock Report "Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15%'' By Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.   Housing prices have risen in the last two years after remaining stagnant for almost a decade. We are witnessing price appreciation in all segments, be it affordable, mid income, luxury and ultra luxury. The price growth is higher in lux...
Expert Views on Anarock Report - Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15% By Mr. Pradeep Aggarwal, Signature Global (India) Ltd.
Expert Views on Anarock Report - Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15% By Mr. Pradeep Aggarwal, Signature Global (India) Ltd.
Source: PR Agency
8/08/2023 12:15:34 PM
Affordable Housing Buyers` EMIs Jump Over 20% in Last 2 Years In the Indian residential real estate market, affordable housing suffered the greatest impact of the Covid-19 pandemic - and unlike the other segments, has not recovered in the last two years. With buyers of this segment increasingly desisting from purchase decisions, affordable housing sales are languishing, and developers have accordingly curtailed its supply. A recent report by ANAROCK finds that the share of affordable housing in overall sales in H1 2023 shrunk to approx. 20% - an 11% ...
Affordable Housing Buyers` EMIs Jump Over 20% in Last 2 Years
Affordable Housing Buyers` EMIs Jump Over 20% in Last 2 Years
Source: PR Agency
2/08/2023 5:24:26 PM
Neutral Can Fin Homes Ltd For Target Rs.900 - Motilal Oswal Financial Services Ltd * Can Fin Homes (CANF) reported a healthy operational performance in 1QFY24, with 13% YoY growth in PAT to ~INR1.84b, driven by lower opex. Credit costs stood at INR137m in 1QFY24 (our est. ~INR125m) because of slippages from the restructured pool of advances. * Repricing of ~INR55b of loans in 1QFY24 and incremental disbursements at higher interest rates led to a sequential improvement of ~45bp in yields. Higher yields offset the 30bp QoQ rise in CoF, leading to a ~15bp QoQ improvement in...
Neutral Can Fin Homes Ltd For Target Rs.900 - Motilal Oswal Financial Services Ltd
Neutral Can Fin Homes Ltd For Target Rs.900 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
22/07/2023 12:16:43 PM
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Pradeep Aggarwal, Signature Global India Below View on Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd India's residential market is on a growth path. It is at the beginning of a long-term upcycle. In 2022 calendar year, housing sales not only surpassed pre-COVID level but touched an all-time high. The trend will continue and we are set to witness another record year. End-users demand has strengthened, while investors are gradu...
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Pradeep Aggarwal, Signature Global India
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Pradeep Aggarwal, Signature Global India
Source: PR Agency
4/07/2023 3:22:42 PM
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Atul Banshal, Omaxe Below View on Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Atul Banshal, Director-Finance, Omaxe Ltd Various factors are contributing to this bull run -- pent up demand, people considering home ownership aggressively after the pandemic and the overall revival in the Indian economy. The RBI's decision to pause hike in repo rate in the last two monetary policy meetings has also helped in creating positive sentiments. We expect the sales momentum to conti...
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Atul Banshal, Omaxe
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Atul Banshal, Omaxe
Source: PR Agency
4/07/2023 3:13:17 PM
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Amit Goyal, India Sotheby`s International Realty Below View on Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Amit Goyal, Managing Director, India Sotheby's International Realty The residential market in India has been experiencing sustained growth since 2020. In the calendar year 2022, housing sales also reached an all-time high. We see this very minor moderation in the June 2023 quarter,  as a brief pause, mostly due to a decline in ready to move in quality inventory in good locations of top seve...
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Amit Goyal, India Sotheby`s International Realty
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Amit Goyal, India Sotheby`s International Realty
Source: PR Agency
4/07/2023 3:06:26 PM
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Mohit Jain, Krisumi Corporation Below View on Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Mohit Jain, Managing Director, Krisumi Corporation Continuing with an upward trend, India's top residential markets have performed well in June quarter as sales increased on account of robust demand across all price brackets. Strong appetite to own housing properties is driving sales. Stable interest rate regime on home loans also helped boost sales. With interest rates having stabilized and expected ...
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Mohit Jain, Krisumi Corporation
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr Mohit Jain, Krisumi Corporation
Source: PR Agency
4/07/2023 2:43:15 PM
Housing loans' share in total advances rose, says RBI report Residential housing loans' share on total advances rose to 14.2 per cent in March 2023 from 8.6 per cent in March 2012, according to RBI's financial stability report. The report, which is a half yearly account of banks' health in the country, also noted that the housing sector in itself has seen a healthy growth, as sales grew by 21.6 per cent in January-March period of 2022-23. Also several new launches too have added to the sector's growth, said the report, released la...
Housing loans' share in total advances rose, says RBI report
Housing loans' share in total advances rose, says RBI report
Source: IANS
2/07/2023 6:45:59 PM
Comment ON :- Housing prices rise 8% YoY in Q1 2023 amidst strong demand in the sector: CREDAI - Colliers - Liases Foras| Housing Price-Tracker Report Q1 2023 Atul Banshal, Director-Finance, Omaxe Ltd. Housing prices have increased in all major tier I and II cities on account of a surge in  demand and increase in construction cost. We anticipate prices to appreciate continuously going forward as demand remains robust. Post Covid, preferences of consumers  and needs have changed, and housing provides a complete sense of security and assurance for self and family of every individual. Although, the prices of key construction materials hav...
Comment ON :- Housing prices rise 8% YoY in Q1 2023 amidst strong demand in the sector: CREDAI - Colliers - Liases Foras| Housing Price-Tracker Report Q1 2023
Comment ON :- Housing prices rise 8% YoY in Q1 2023 amidst strong demand in the sector: CREDAI - Colliers - Liases Foras| Housing Price-Tracker Report Q1 2023
Source: PR Agency
14/06/2023 2:19:38 PM
CREDAI - Colliers - Liases Foras Housing Price Tracker Q1 2023 Housing prices rise 8% YoY in Q1 2023 amidst strong demand in the sector: CREDAI – Colliers - Liases Foras| Housing Price-Tracker Report Q1 2023 Housing prices across the top eight cities in India increased 8% YoY amidst strong housing demand and consistent quality launches by top developers. Delhi-NCR saw the highest increase in residential prices at 16% YoY, followed by Kolkata and Bengaluru with 15% and 14% YoY increase respectively. Despite rising interest rates, housing prices h...
CREDAI - Colliers - Liases Foras Housing Price Tracker Q1 2023
CREDAI - Colliers - Liases Foras Housing Price Tracker Q1 2023
Source: PR Agency
14/06/2023 11:18:14 AM
Housing Boom - Immune to Higher Interest Rates, Price Hikes? Covid-19, along with its unexpected boost to the housing market, has come and gone - and yet, residential real estate continues to sell at a rapid clip, after many years that saw developers struggling with low demand and mounting inventory. How did this happen? Is this demand sustainable? Is it a bubble that will soon burst? Let's examine. No doubt, the housing sales bull run began during the Covid-19 pandemic, which significantly improved homebuyer sentiment and made housing autono...
Housing Boom - Immune to Higher Interest Rates, Price Hikes?
Housing Boom - Immune to Higher Interest Rates, Price Hikes?
Source: PR Agency
24/05/2023 5:13:35 PM
Buy Can Fin Homes Ltd For Target Rs.760 - Yes Securities Operationally strong quarter Can Fin delivered an operationally strong performance in Q4 FY23 that was characterized by healthy loan assets growth (up 4.8% qoq/18% yoy), material improvement in lending spread (+24 bps on stock basis and +12 bps on marginal basis) and further improvement in asset quality (4% qoq decline in GNPLs and stable Stage-2 assets). BT Out, which had moderated in the preceding quarters, remained at non- perturbing level. Co. utilized its strong PPOP performance to bu...
Buy Can Fin Homes Ltd For Target Rs.760 - Yes Securities
Buy Can Fin Homes Ltd For Target Rs.760 - Yes Securities
Source: Yes Securities
3/05/2023 2:27:53 PM
Emerging headwinds could pose challenge in short-term for housing sector Even as the sales in the housing sector have witnessed growth in the first quarter of the current year, emerging headwinds could pose a challenge in the short-term. Nearly 1,13,770 units sold in Q1 2023 across the top 7 cities, said the latest ANAROCK Research data. This is a 14 per cent yearly rise against approximately 99,550 units sold back in Q1 2022. The two leading western markets -- Mumbai Metropolitan Region and Pune accounted for over 48 per cent of the total sales in the to...
Emerging headwinds could pose challenge in short-term for housing sector
Emerging headwinds could pose challenge in short-term for housing sector
Source: IANS
28/03/2023 9:18:11 AM
The housing sector is experiencing strong sales due to increased affordability over the years Says Mr. Pradeep Aggarwal Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global  The housing sector is experiencing strong sales due to increased affordability over the years. We anticipate closing this fiscal year with the highest number of housing units sold, since our inception. Despite a rise in home loan interest rates, there has been minimal impact on demand nationwide. We anticipate that the demand in the housing sector will continue for at least a few more years.   Above views are o...
The housing sector is experiencing strong sales due to increased affordability over the years Says Mr. Pradeep Aggarwal
The housing sector is experiencing strong sales due to increased affordability over the years Says Mr. Pradeep Aggarwal
Source: PR Agency
27/03/2023 3:49:51 PM
Vastu Housing Finance Corporation partners with Dhriiti to felicitate entrepreneurs with the WOMEN MICROPRENEUR AWARD 2023 As a part of its ‘Oonchee Udaan’ initiative, Vastu Housing Finance Corporation partnered with Dhriiti, an NGO, to felicitate 50 women with the WOMEN MICROPRENEUR AWARD 2023 in New Delhi today. The awards ceremony celebrated the strength and resilience of women from low-income communities who have become entrepreneurs against all odds.   These women micropreneurs run various businesses, ranging from makeshift kirana shops, and tailoring to food carts to tu...
Vastu Housing Finance Corporation partners with Dhriiti to felicitate entrepreneurs with the WOMEN MICROPRENEUR AWARD 2023
Vastu Housing Finance Corporation partners with Dhriiti to felicitate entrepreneurs with the WOMEN MICROPRENEUR AWARD 2023
Source: PR Agency
25/03/2023 12:20:25 PM
Relief for 20K homebuyers as NCLT approves Suraksha Group`s bid to acquire Jaypee Infratech (Ld) In a relief to over 20,000 homebuyers, the National Company Law Tribunal (NCLT) on Tuesday approved the Mumbai-based Suraksha Group's bid to buy Jaypee Infratech Ltd. A two-member principal bench of NCLT headed by president Ramalingam Sudhkar approved the resolution plan, after concluding the hearing and reserving the order in November last year. The Suraksha Group had proposed to complete around 20,000 flats in Noida and Greater Noida, which came as a relief to homebuyers who have ...
Relief for 20K homebuyers as NCLT approves Suraksha Group`s bid to acquire Jaypee Infratech (Ld)
Relief for 20K homebuyers as NCLT approves Suraksha Group`s bid to acquire Jaypee Infratech (Ld)
Source: IANS
8/03/2023 9:34:21 AM
India housing market to remain resilient despite higher interest rates India's housing market will remain resilient despite rising interest rates and a weak global economic outlook, according to a Reuters poll of property analysts who have barely changed their forecasts from three months ago. Defying a global trend of falling housing prices as mortgage rates rise and crimp affordability, India has exhibited resilience and is emerging from a decade-long downturn due to strong demand. A major source of employment in a country of 1.4 billion people where ...
India housing market to remain resilient despite higher interest rates
India housing market to remain resilient despite higher interest rates
Source: Reuters
7/03/2023 9:42:07 AM
Vastu Housing Finance Rolls Out Menstruation Leave for Women Employees Vastu Housing Finance Corporation Limited, a digital-first housing finance company, has introduced a menstruation leave policy effective March 2023. The women employees can avail one full-day wellness leave, or two half-day wellness leaves every month, to prioritise their well-being.   The company focuses on a slew of Diversity, Equity, and Inclusion (DEI) policies to foster productivity, and innovation to empower women employees across the organisation. ...
Vastu Housing Finance Rolls Out Menstruation Leave for Women Employees
Vastu Housing Finance Rolls Out Menstruation Leave for Women Employees
Source: PR Agency
7/03/2023 9:35:59 AM
Nannies on call, spas; India witnessing `mad rush` for luxury housing India's DLF sold a $1 billion upmarket residential project in 72 hours while rival Godrej Properties is offering $3 million apartments to clients selected by invitation, two off-plan sales that are signalling a revival in luxury housing. Property developers say spacey high-price apartments that come with add-ons like concierge services, spas, multi-level parking, large green open spaces and a heated pool have become the rage. There are no such amenities in the individual houses and old...
Nannies on call, spas; India witnessing `mad rush` for luxury housing
Nannies on call, spas; India witnessing `mad rush` for luxury housing
Source: Reuters
6/03/2023 2:57:02 PM
Luxury housing sales share up at 18% across top seven cities The share of the luxury housing segment in the total sale of residential units in the top cities of the country has gone up, as per a report. As per realty consultancy ANAROCK Research, out of the total 3.65 lakh units sold across the top seven cities in 2022, 18 per cent (approx 65,680 units) were in the luxury category priced more than Rs 1.5 crore. Contrastingly, of the total 2.61 lakh units sold in entire 2019, just 7 per cent (approx 17,740 units) were in the luxury category. Th...
Luxury housing sales share up at 18% across top seven cities
Luxury housing sales share up at 18% across top seven cities
Source: IANS
1/03/2023 10:13:24 AM
Buy Can Fin Homes Ltd For Target Rs. 625- ICICI Direct In sweet spot; continued growth to drive valuation… About the stock: CanFin Homes (CFHL) was promoted by Canara Bank in 1987, with ~30% stake as of September 2022. The HFC is spread across 204 locations across 21 states and UTs with south contributing ~72% of loans and focus on tier II & III cities. Most borrowers are first time home buyers with average age of 35 years. * Housing loans comprise ~90% of advances of which ~74% is to salaried customers * The company caters to...
Buy Can Fin Homes Ltd For Target Rs. 625- ICICI Direct
Buy Can Fin Homes Ltd For Target Rs. 625- ICICI Direct
Source: ICICI Direct Ltd
24/01/2023 12:49:09 PM
Repeated rate hikes may impact housing Sector in the short term The continuous rate hikes may lead to short-term impact in the overall housing demand when buyers are optimistic of making a home purchase decision and this may add to buyers' overall acquisition cost. The real estate sector had started seeing gradual recovery across key property markets, driven primarily by end-users, however, the repeated rate hikes may impact the interest rate-sensitive sector. Industry experts claimed that low interest rates have been one of the major factors in...
Repeated rate hikes may impact housing Sector in the short term
Repeated rate hikes may impact housing Sector in the short term
Source: IANS
7/12/2022 1:42:31 PM
Buy Can Fin Homes Ltd For Target Rs. 610 - Motilal Oswal Next leg of re-rating will be driven by the new management CANF’s 2QFY23 results reiterated that all the noise around asset quality/fraudulent accounts over the last two quarters have been addressed and there will be no unpleasant surprises as the current CEO Mr. Girish Kousgi steps down. Disbursements have gathered pace and we expect the momentum to sustain in the subsequent quarters. The only thing we would closely monitor is its impact on margins, wherein we estimate NIM compressi...
Buy Can Fin Homes Ltd For Target Rs. 610 - Motilal Oswal
Buy Can Fin Homes Ltd For Target Rs. 610 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
20/10/2022 10:36:19 AM
Buy CAN FIN Homes Limited Target Rs. 640 - Yes Securities Strong growth outlook reiterated Management retained 18% disbursement growth target for the year. In our view, the growth momentum should largely continue even amidst the MD & CEO transition given a) the organization has developed an inherent rigor for growth, b) the property markets remain buoyant both in terms of transactions and price trends (KTK & TL are two largest markets for Can Fin contributing 43-44% of portfolio), and c) Can Fin’s relative pricing has become more co...
Buy CAN FIN Homes Limited Target Rs. 640 - Yes Securities
Buy CAN FIN Homes Limited Target Rs. 640 - Yes Securities
Source: Yes Securities Ltd
19/10/2022 2:49:03 PM
Tata Value Homessells over 100 residential units at New Haven, Bahadurgarh near Delhiat launch Delhi/Haryana: With an aim to address the growing demand for quality homes in Haryana - Bahadurgarh, Tata Value Homes- 100% subsidiary ofTata Housing Development Company, launched the new phase of New Havenin line with the company’s growth and expansion plans in the NCR region. The launch comes at an auspicious times marked by profound happiness and excitement by the homebuyers, furthermore giving a significant boost the residential real estate. Strategically located in the west of D...
Tata Value Homessells over 100 residential units at New Haven, Bahadurgarh near Delhiat launch
Tata Value Homessells over 100 residential units at New Haven, Bahadurgarh near Delhiat launch
Source: PR Agency
4/10/2022 2:49:58 PM
HDFC Q1 net profit rises to Rs 3,669 crore Home finance major Housing Development Finance Corporation Ltd (HDFC) closed the first quarter of FY23 with 22 per cent growth in its net profit. According to the company, it had posted an after tax profit of Rs 3,669 crore for the period ended June 30, 2022 up from Rs 3,001 crore logged during the previous year's corresponding period. The company said its average size of individual loans stood at Rs 35.7 lakh compared to Rs 33.1 lakh in FY22. As on June 30, 2022, the assets unde...
HDFC Q1 net profit rises to Rs 3,669 crore
HDFC Q1 net profit rises to Rs 3,669 crore
Source: IANS
29/07/2022 5:32:16 PM
HDFC rises on planning to raise up to Rs 11,000 crore Housing Development Finance Corporation (HDFC) is currently trading at Rs. 2301.10, up by 4.55 points or 0.20 % from its previous closing of Rs. 2296.55 on the BSE. The scrip opened at Rs. 2290.00 and has touched a high and low of Rs. 2317.15 and Rs. 2275.25 respectively. So far 45157 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2026.55 on 17-Jun-2022. Last one ...
HDFC rises on planning to raise up to Rs 11,000 crore
HDFC rises on planning to raise up to Rs 11,000 crore
Source: Accord Fintech
25/07/2022 2:48:15 PM
HDFC trades higher on the bourses Housing Development Finance Corporation is currently trading at Rs. 2180.65, up by 13.25 points or 0.61% from its previous closing of Rs. 2167.40 on the BSE. The scrip opened at Rs. 2173.00 and has touched a high and low of Rs. 2193.00 and Rs. 2169.60 respectively. So far 11198 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2026.55 on 17-Jun-2022. Last one week hi...
HDFC trades higher on the bourses
HDFC trades higher on the bourses
Source: Accord Fintech
14/07/2022 10:59:29 AM
HDFC zooms on invoking 50 lakh pledged shares of Ansal Housing as part of recovery of outstanding dues Housing Development Finance Corporation is currently trading at Rs. 2128.10, up by 75.35 points or 3.67% from its previous closing of Rs. 2052.75 on the BSE. The scrip opened at Rs. 2060.10 and has touched a high and low of Rs. 2138.00 and Rs. 2060.10 respectively. So far 82872 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2026.55 on 17-Jun-2022. Last one week hi...
HDFC zooms on invoking 50 lakh pledged shares of Ansal Housing as part of recovery of outstanding dues
HDFC zooms on invoking 50 lakh pledged shares of Ansal Housing as part of recovery of outstanding dues
Source: Accord Fintech
20/06/2022 2:52:59 PM
India's cement demand to rise by mid-to-high single digits over medium term: Fitch Ratings Credit rating agency Fitch Ratings has said it believes a sustained gross domestic product (GDP) growth, the government's thrust on infrastructure and affordable housing, and a revival in corporate capex, will underpin growth of the cement sector. It expects India's cement demand to rise by mid-to-high single digits over the medium term after an estimated mid-teen rebound in the financial year ended March 2022 (FY22). However, it stated ‘Industrywide utilisation will drop tow...
India's cement demand to rise by mid-to-high single digits over medium term: Fitch Ratings
India's cement demand to rise by mid-to-high single digits over medium term: Fitch Ratings
Source: Accord Fintech
16/06/2022 10:29:45 AM
Cement sector's capacity utilisation to drop to 65%: Fitch Ratings Credit rating agency Fitch Ratings said it believes a sustained gross domestic product (GDP) growth, the government's thrust on infrastructure and affordable housing, and a revival in corporate capex, will underpin growth of the cement sector. The rating agency expects India's cement demand to rise by mid-to-high single digits over the medium term after an estimated mid-teen rebound in the financial year ended March 2022 (FY22). Nonetheless, industrywide utilisation will drop to...
Cement sector's capacity utilisation to drop to 65%: Fitch Ratings
Cement sector's capacity utilisation to drop to 65%: Fitch Ratings
Source: IANS
15/06/2022 12:37:56 PM
Housing demand likely to stay firm despite increase in property prices, interest rates on loans: Crisil Crisil Ratings in its latest report has said that demand for housing is expected to stay firm, despite an increase in property prices as wells as the interest rates on loans. It said the housing demand in the top six cities is expected to grow by 5-10 per cent, and the increase will be visible despite a high base. The agency estimated that housing demand rose by 33-38 per cent in FY22, surpassing pre-Covid-19 levels. It said the high growth was recorded on a low base of FY21, when dem...
Housing demand likely to stay firm despite increase in property prices, interest rates on loans: Crisil
Housing demand likely to stay firm despite increase in property prices, interest rates on loans: Crisil
Source: Accord Fintech
11/05/2022 10:52:59 AM
Affordable housing finance companies loan book to grow 17-20% in FY23: Icra Ratings Icra Ratings in its latest report has said that affordable housing finance companies' (AHFCs) loan book is likely to expand by 17-20 per cent in the current financial year (FY23), supported by the government's higher focus on housing and a favourable tax regime. As on December 31, 2021, the total loan book of AHFCs stood at Rs 66,221 crore and constituted about 6 per cent of the overall housing finance companies (HFCs) loan book. It stated after witnessing a moderation in the loan ...
Affordable housing finance companies loan book to grow 17-20% in FY23: Icra Ratings
Affordable housing finance companies loan book to grow 17-20% in FY23: Icra Ratings
Source: Accord Fintech
4/05/2022 9:35:19 AM
Housing prices likely to appreciate by 8% in current fiscal: Ind-Ra India Ratings and Research (Ind-Ra) has said it expects housing prices to appreciate by 8 per cent in current financial year (FY23), mainly due to rise in demand from end users. It mentioned that the current housing sales uptick and increased demand is end user driven and not speculative. Hence, the hike in prices will be sustainable and is likely to be incremental. Prices were up 6 per cent pan-India in FY22. Furthermore, it added the surge in the housing sales in India has not been accom...
Housing prices likely to appreciate by 8% in current fiscal: Ind-Ra
Housing prices likely to appreciate by 8% in current fiscal: Ind-Ra
Source: Accord Fintech
26/04/2022 10:12:24 AM
Potential homebuyers see price rise in real estate over high input costs A majority of potential homebuyers expect housing prices to rise over the next six months led by higher input costs, according to a joint survey by Housing.com and National Real Estate Development Council. Therefore, the potential buyers are looking for flexible payment plans along with discounts while deciding on making purchases of their dream homes, the survey revealed. Digital real estate platform Housing.com along with leading industry body NAREDCO has conducted a survey of more th...
Potential homebuyers see price rise in real estate over high input costs
Potential homebuyers see price rise in real estate over high input costs
Source: IANS
28/03/2022 5:07:08 PM
India house price rises to pick up pace in 2022: Reuters poll BENGALURU - Indian house prices will rise this year and next at a faster pace than predicted just three months ago, supported by the economic recovery from the pandemic, according to a Reuters poll of property analysts. Once a bright spot in India's economy, the housing sector was struggling even before COVID-19. But unlike most other major world property markets it has remained in the doldrums throughout the pandemic. Average house prices rose only 2.5% last year, according to Reut...
India house price rises to pick up pace in 2022: Reuters poll
India house price rises to pick up pace in 2022: Reuters poll
Source: Reuters
4/03/2022 9:08:04 AM
ICICI Bank, ITC, KNR Constructions 'top picks' for Centrum Broking ICICI Bank, LIC Housing Finance, UTI Asset Management Company, and Care Ratings shares are brokerage house Centrum Broking's 'top picks' for the current quarter. For ICICI Bank, the brokerage gives a 'buy' call at Rs 776 with a target price of Rs 940. For LIC Housing, UTI Asset Management Committee, and Care Ratings, it recommended buy at Rs 387, Rs 870, and Rs 512, whereas targets are Rs 575, Rs 1,420, and Rs 700, respectively. In the FMCG space, its top picks ar...
ICICI Bank, ITC, KNR Constructions 'top picks' for Centrum Broking
ICICI Bank, ITC, KNR Constructions 'top picks' for Centrum Broking
Source: IANS
24/02/2022 9:34:20 AM
Everest Industries hits record high, shares double in past 1 yr Shares of Everest Industries hit an all-time high on Friday in an otherwise subdued session. Incorporated in 1934, Everest is a leading and fastest growing building solutions provider. It offers building products and building solutions for housing, commercial and industrial sectors in India and abroad. The shares have hit the all-time high of Rs 774.90 per share in the morning session. It, however, pared some of the early gains to settle at Rs 735.0, up 11.7 per cent from the previous c...
Everest Industries hits record high, shares double in past 1 yr
Everest Industries hits record high, shares double in past 1 yr
Source: IANS
18/02/2022 7:19:36 PM
Covid restriction affected demand, supply of housing sector: Economic Survey Demand and supply of the residential housing sector was affected by Covid-19-induced restrictions, the Economic Survey 2021-22, tabled in the Parliament on Monday, said. It revealed that the number of unsold residential units have also witnessed significant drops during the second wave of the pandemic. According to the Survey, the decline in housing transactions have also been much less during the second wave of Covid than during the first wave. "During first Covid-19 wave, hous...
Covid restriction affected demand, supply of housing sector: Economic Survey
Covid restriction affected demand, supply of housing sector: Economic Survey
Source: IANS
1/02/2022 8:43:52 AM
India forecasts 8-8.5% economic growth in 2022/23 fiscal year NEW DELHI  - India forecast economic growth of 8% to 8.5% for the coming fiscal year that starts in April, down from estimated 9.2% growth in the current fiscal year, its annual economic survey showed on Monday. All macro indicators indicated the economy was well placed to face challenges, helped by pick ups in farm and industrial output growth, said the report, which was tabled by finance minister Nirmala Sitharaman in parliament ahead of the annual budget on Tuesday.
India forecasts 8-8.5% economic growth in 2022/23 fiscal year
India forecasts 8-8.5% economic growth in 2022/23 fiscal year
Source: Reuters
31/01/2022 1:34:33 PM
Grant Thornton Bharat surveys show 77% people expect concessions on housing A pre-Budget series of surveys conducted by Grant Thornton Bharat showed that 77 per cent of the respondents expect concessions on the housing space. Besides, 51 per cent of the people expect the interventions on the GST side to offset the rising input costs, the surveys revealed. Further, 55 per cent people expect the realty sector to be given infrastructure status. To gauge the market sentiments and better understand the expectations from the Union Budget for FY23, the independent ...
Grant Thornton Bharat surveys show 77% people expect concessions on housing
Grant Thornton Bharat surveys show 77% people expect concessions on housing
Source: IANS
31/01/2022 9:21:49 AM
Budget FY23: Realty seeks increase in approval time frame for rental housing In a bid to promote affordable rental housing as well as incentivise developers, the National Real Estate Development Council requested the Centre to increase the approval time frame of such housing projects by at least five years. "...the country has just begun to formalise a rental housing framework in the country. The rental housing policy is not yet final across several states. Hence, to incentivise the developers of rental housing projects, the time limit of approval should be in...
Budget FY23: Realty seeks increase in approval time frame for rental housing
Budget FY23: Realty seeks increase in approval time frame for rental housing
Source: IANS
30/01/2022 5:25:51 PM
Third quarter points to a quick rebound: Housing Sales up 12% Housing sales have increased by 12 per cent to 1,38,051 units during January-September period of the current calendar year from 1,23,725 units in the corresponding period of 2020 as per the recent report 'Real Insight residential Q3 2021 by housing brokerage firm PropTiger.com. According to the report, driven by pent up demand and festive sales as well as gradual recovery in the Indian economy, improved job market and low interest rates, housing sales are likely to rise by 15-20 per ce...
Third quarter points to a quick rebound: Housing Sales up 12%
Third quarter points to a quick rebound: Housing Sales up 12%
Source: IANS
17/11/2021 9:16:15 AM
Housing sector, infra spend to boost FY22 cement demand Faster-than-expected recovery in the Housing sector along with government's thrust on infrastructure spending is expected to boost cement demand by 10-12 per cent in FY22. The growth comes after cement demand declined in FY20 by (-) 1 per cent and (-) 11 per cent in FY21. "Pent-up demand and low interest rates have driven the realty sector amid the pandemic, and, the government's push towards big-ticket infrastructure projects has increased the growth momentum for the highw...
Housing sector, infra spend to boost FY22 cement demand
Housing sector, infra spend to boost FY22 cement demand
Source: IANS
23/10/2021 2:08:18 PM
Housing Market in Top 7 Cities May Scale New Peak in 2023 By Anuj Puri, ANAROCK Property Consultants Below are Views On Housing Market in Top 7 Cities May Scale New Peak in 2023 By Anuj Puri, Chairman - ANAROCK Property Consultants * 2019 attained a new peak since 2017 with more than 2.6 lakh units sold in the top 7 cities & 2.37 lakh new units launched; new peak likely by 2023 as housing sales could cross 3.17 lakh units mark * 2021 may fare better than 2020, but unlikely to reach the latest peak levels of 2019 * MMR & Bengaluru to drive top 7 cities' res...
Housing Market in Top 7 Cities May Scale New Peak in 2023 By Anuj Puri, ANAROCK Property Consultants
Housing Market in Top 7 Cities May Scale New Peak in 2023 By Anuj Puri, ANAROCK Property Consultants
Source: ANAROCK Property Consultants Pvt Ltd
19/08/2021 2:19:09 PM
92.5 Mn Sq. Ft. of Branded Housing in Top Tier 1, 2, 3 Cities Over Next 2 Years By Anuj Puri, ANAROCK Property Consultants Below are Views On 92.5 Mn Sq. Ft. of Branded Housing in Top Tier 1, 2, 3 Cities Over Next 2 Years By Anuj Puri, Chairman - ANAROCK Property Consultants * Top 7 listed players will develop approx. 92.5 Mn sq. ft. in top 7 cities and tier 2 & 3 cities in the next 2 years * Kochi, Coimbatore, GIFT City, Hosur, Thrissur & Trivandrum prominent tier 2 & 3 for their expansion plans * Bengaluru most preferred with all top 7 listed players set to launch new projects the...
92.5 Mn Sq. Ft. of Branded Housing in Top Tier 1, 2, 3 Cities Over Next 2 Years By Anuj Puri, ANAROCK Property Consultants
92.5 Mn Sq. Ft. of Branded Housing in Top Tier 1, 2, 3 Cities Over Next 2 Years By Anuj Puri, ANAROCK Property Consultants
Source: ANAROCK Property Consultants Pvt Ltd
29/07/2021 11:05:25 AM