Mumbai
Godrej Properties, the real estate arm of Godrej Group has registered 70.64 per cent growth in consolidated net profit at Rs 17.15 crore for the quarter ended June 30 due to strong sales. The company had registered net profit of Rs 10.05 crore in the corresponding period last year. The firm’s total income grew by [...] Continue Reading »
There may be good days in the offing as per real estate market in India is concerned. According to data from property research firm PropEquity, home sale volumes remained stable in the month of May in key cities across the country. Mumbai has seen slight increase and the sales have been moderate in Gurgaon. The [...] Continue Reading »
India’s economic slowdown is reflected in the realty sector in the last few months. Asia’s third-largest economy is growing at its slowest pace in nine years and slow consumer expenditure has hit the retail market and the mushrooming malls. Real estate prices and construction costs are rising but the retail business is not growing enough [...] Continue Reading »
Mumbai could face serious water crisis as the Brihanmumbai Municipal Corporation (BMC) informed the city that its stock of water will last for only 124 days. At present, there is 10 per cent water cut in the city. The current usable water content available is only 62 per cent of what was available last year. [...] Continue Reading »
As prices in metros begin to stagnate due to low demand, the suburban areas have seen substantial growth. Investors are moving to the outskirts for better returns in the recent past. Mumbai and New Delhi residential real estate prices have stagnated in the past year. However, as per the reports of 99acres.com, in NCR and [...] Continue Reading »
As real estate sector in India faces a dip, domestic lenders with major retail loan are keeping an intense look at the situation. While the hub of realty sector, Mumbai, is going through a slump, the lenders are concentrating on the new emerging markets – Pune, Bhopal, Indore, Surat, Nagpur and Ahmedabad. LIC Housing Finance, [...] Continue Reading »
According to a report prepared by Praja Foundation, the city’s state of health is in a bad shape. Along with physical infrastructure, the city’s social infrastructure too is precarious. The report is based on a survey of 15,000 households across various wards in the city. It shows that sensitive diseases have almost doubled in the [...] Continue Reading »
The escalated price of properties in Mumbai has been much speculated upon and as noticed by the analysts, real estate prices in Mumbai are unlikely to fall due to limited supply. According to the chairman of Oberoi Realty, a major realty player, the present scenario is due to the fact that input costs and raw [...] Continue Reading »
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis. The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part [...] Continue Reading »
The slowdown in sales of properties in Mumbai has largely hit the luxury segment. According to the real estate consulting firm Knight Frank an estimated 80,000 unsold houses under construction are in the Mumbai Metropolitan Region (MMR). The study reveals that South and Central Mumbai are the worst hit. While there are takers for units [...] Continue Reading »
