Real Estate
Bengaluru's Luxury Housing Market Shows Signs of Softening Amid Economic Uncertainty
Bengaluru’s luxury housing market is experiencing a slowdown, with developers offering flexible payment schemes and discounts to attract buyers amid job losses and economic uncertainty.
real estate news
Bengaluru's Luxury Housing Market Faces Challenges Amid Economic Uncertainty
Bengaluru's luxury housing market is experiencing a slowdown as developers offer flexible payment schemes and discounts to attract buyers amid rising job losses and economic uncertainty.
Real Estate
HSBC Sees 26% Profit Drop to $15.8B Due to China and Real Estate Challenges
HSBC Holdings reports a 26% decline in profit, largely due to losses in China and deteriorating real estate conditions in Hong Kong. CEO Georges Elhedery outlines strategic shifts to navigate the tough economic landscape.
Real Estate Mumbai
Mumbai Faces Rs 1,127 Crore Cyber Fraud Loss: A Call for Urgent Reforms
Mumbai residents lost a staggering Rs 1,127 crore to cyber fraud over a 15-month period, with 85% of the losses attributed to cyber-cheating. The city’s authorities are now urging for stricter measures to combat the rising tide of digital fraud.
real estate news
Bengaluru: Construction Sector Slams the Brakes as OC Mandate Takes Effect
The Karnataka government's new mandate for an Occupancy Certificate (OC) for new water and electricity connections is causing a significant slowdown in the construction and real estate sectors. The rule is affecting thousands of buildings and construction sites, leading to concerns about job losses and economic impacts.
Real Estate
Understanding Capital Loss Offsets for FY 2025-26: Real Estate, Gold, and More
Discover how capital losses from real estate and gold can be strategically set off against capital gains from shares or mutual funds in the financial year 2025-26.
real estate news
Maximizing Tax Savings: Setting Off Capital Losses Against Gains in FY 2025-26
Learn how to effectively set off capital losses from real estate and gold against capital gains in the fiscal year 2025-26 to maximize your tax savings.
Real Estate Maharashtra
India's Real Estate Crisis: Home Sales Plunge 19%, Projects Halted, and Jobs at Risk
The Indian real estate market is facing a significant downturn, with home sales declining by 19% as buyers vanish, leading to halted projects and job losses. Lenders like SBI, Bank of Maharashtra, and Bank of India are responding by reducing their lending rates to stimulate the market.
Real Estate Pune
India's Real Estate Crisis: Home Sales Plunge 19%, Projects Stalled, and Jobs at Risk
India's real estate market is facing a significant downturn, with home sales plummeting by 19% as buyers pull back from property purchases. Cities like Ahmedabad, Hyderabad, and Pune are among the worst hit. The housing slump has affected almost every major city, with Mumbai also feeling the impact.
Real Estate
Omaxe's Share Price Plummets to New 52-Week Low Amid Rising Losses
NEW DELHI: The share price of real estate company Omaxe has hit a new 52-week low of Rs 71.81 per share, amidst growing financial losses and declining market confidence.
real estate news
Omaxe's Share Price Plummets: A 52-Week Low Amid Rising Losses
Omaxe's stock hit a new 52-week low on Friday, opening at Rs 74.75 per share and dipping further during the trading session. This decline comes amid increasing financial losses for the real estate firm.
real estate news
Sunac China Forecasts Significant Losses for 2024
Sunac China, a prominent real estate developer, is bracing for substantial financial losses in 2024, signaling the ongoing challenges in the Chinese property market.
Real Estate Maharashtra
MSRTC Losing Rs 3 Crore Per Day Due to Discounts for Women and Elderly: Minister Pratap Sarnaik
The Maharashtra State Road Transport Corporation (MSRTC) is incurring significant financial losses due to the concessions provided to women and the elderly. Minister Pratap Sarnaik has highlighted this issue, emphasizing the need to address the financial
Real Estate
Omaxe Expands Real Estate Portfolio Despite Q2 FY25 Losses
Omaxe's recent strategic acquisitions highlight its dedication to expanding its market presence and building a diversified real estate portfolio, even amidst financial challenges in Q2 FY25.
Real Estate
Wells Fargo Anticipates Potential USD 2-3 Billion Losses in Commercial Real Estate Loans
Wells Fargo CEO Charlie Scharf predicts potential losses ranging from USD 2 billion to USD 3 billion in the commercial real estate office loan portfolio, citing ongoing concerns about the demand for office spaces post-pandemic. The bank is taking proactiv
real estate news
Commercial Real Estate Debt Market Sees Unprecedented Defaults and Losses
AAA-rated bonds backed by high-quality properties are seeing defaults and losses, marking a rare phenomenon in the commercial real estate debt market.