Real Estate

The rate-sensitive banking, auto and realty stocks are trading firm after the Reserve Bank of India left key lending rates unchanged as expected and raised its GDP forecast. The Nifty Bank index - which gauges stocks of 12 major lenders in the country, including SBI and HDFC Bank - jumped as much as 1.81 per cent in the aftermath...

S&P Global Ratings on Monday retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal year, saying even though there are now upside risks to growth but it will wait for more signs that COVID infections have stabilised or fallen. S&P, in its report on Asia Pacific, projected the Indian economy to grow...

The infrastructure output contracted 2.5 per cent in October from a year earlier, falling for an eighth straight month, government data on Friday showed. Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40 per cent of industrial output, contracted 13 per cent in the seven months through October from a year earlier, the data showed.

The registration of residential properties in Mumbai Metropolitan Region (MMR) during October rose 36 per cent year-on-year at 7,929 units on higher demand during festive season and reduction in stamp duty by the Maharashtra government, according to Knight Frank. Knight Frank India on Monday released a report 'Mumbai Residential Snapshot October 2020' that analyses Residential sales for the MMR. The registrations...

India's infrastructure output in September contracted 0.8 per cent from a year earlier, government data released on Thursday showed. Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40 per cent of industrial output, contracted 14.9 per cent in the six months through September from a year earlier, the data showed.

The Supreme Court today adjourned a hearing in the matter of waiving "interest on interest" on loans up to ₹ 2 crore, frozen during a six-month moratorium granted because of the coronavirus crisis, to Wednesday. The top court was due to hear the matter on Tuesday on a waiver of interest on deferred EMIs - or interest on interest...

State Bank of India on Wednesday announced a concession of up to 20 basis points - or 0.20 percentage point - on home loans, in a bid to attract homebuyers in the ongoing festive season. The scheme is applicable to loans for houses worth more than ₹ 30 lakh and up to ₹ 2 crore. The latest scheme doubles...

Brookfield Asset Management will buy an Indian developer's commercial properties for $2 billion, the biggest real estate deal in the South Asian nation. The Canadian asset manager is acquiring 125 lakh square feet of rent-yielding offices and co-working spaces from RMZ Corporation, the privately held developer said in a statement on Monday. The Indian firm said it will have...

In order to promote the housing sector, Reserve Bank of India on Friday decided to rationalise risk weightage on housing loans, making the product attractive for both borrower and lenders. With revision in the risk weightage, the requirement of capital provision for banks will come down. This will encourage banks to push housing loan products with attractive features. "Recognising the criticality...

After getting battered badly during the Covid-19 lockdown between April and June, the real estate sector is slowly picking up as the number of new launches and sales have increased in the last three months in the Mumbai metropolitan region (MMR) says a report by Knight Frank India, a real estate consultancy firm. In the MMR, 7,635 housing units were...