real estate news
Keystone Realtors Reports 44% Q1 Profit Drop, but Pre-Sales Surge
Keystone Realtors, the real estate developer behind the Rustomjee brand, reported a 44% decline in net profit for the June quarter. However, the company achieved its best-ever pre-sales performance, marking a 75% increase over the previous year.
Real Estate
Gujarat's Real Estate Market Struggles with 89% Unsold Inventory
Gujarat RERA's latest report reveals a dismal 2% project completion rate in FY25, with 89% of inventory remaining unsold. The market is facing significant challenges, including a labor shortage and a shift in buyer preferences.
Real Estate Pune
Mahindra Lifespaces Aims to Achieve Rs 10,000 Bn Sales by FY30
Mahindra Lifespaces, a leading real estate developer in India, has set an ambitious target to achieve Rs 10,000 billion in sales by fiscal year 2030. The company plans to complete key projects in strategic locations such as Kalyan, Palghar, Pune, and Chennai to meet this goal.
Real Estate
Indian Real Estate Stock Plummets 6% Amid 45% YoY Net Profit Decline
In a significant market reaction, shares of one of India's leading real estate development companies tumbled by almost 6.4% on the BSE, following a 45% year-over-year decrease in net profit.
Real Estate Pune
MahaRERA Launches Comprehensive OC Verification for 3,699 Lapsed Real Estate Projects
Pune: MahaRERA has initiated a major verification drive to ensure the issuance of Occupancy Certificates (OCs) for 3,699 lapsed real estate projects across Maharashtra. This move aims to streamline the completion and handover processes for these projects, addressing long-standing issues faced by homebuyers.
real estate news
India's Capex Wanes: Q3 Sees Slower Investment Pace
The construction and real estate sectors witnessed a significant decline in new project announcements, while manufacturing showed mixed results.
real estate news
India's Capex Wanes: Q3 Sees Slower Investment Pace
The construction and real estate sectors witnessed a significant decline in new project announcements, while manufacturing showed mixed results.
real estate news
Reduced Project Timelines: A Boon for Real Estate Market
The Indian real estate market has witnessed a significant trend of reduced project timelines, with builders completing projects 20% faster than before.
real estate news
NBCC to Take Over Supertech's Pending Projects
REAL ESTATE, PROPERTY DEVELOPMENT, CONSTRUCTION SECTOR, PROJECT COMPLETION, HOUSING MARKET, INDUSTRY NEWS
real estate news
Reducing Completion Time: How India's Top 7 Cities are Speeding Up Construction Projects
Real estate developers in India's top 7 cities are cutting project completion time by 20% due to tighter regulations and advanced construction technologies.
Real Estate Maharashtra
Protecting Homebuyers' Interests: MahaRERA's New Fund Management Regime
From July 1, developers in Maharashtra must maintain designated bank accounts for homebuyers' payments, ensuring timely project completion and financial transparency.