Search Results: real estate sector (2147)

Brand Rating Track2Realty BrandXReport 2022-23

Prestige emerges as new National Brand Leader

Prestige Group has emerged as the new Brand Leader of Indian real estate. The brand had continuously been closer to the Leadership and among the Top 3 National Brands. Brigade Group makes a giant leap and jumps from Number 5 to now the 2nd Best Brand of the business. DLF is continuously scaling up and now rests as 3rd Best Brand at the National level. Godrej Properties is losing its sheen as a Valuable Brand and slips down to Number 5 from Number 2 this fiscal year. Puravankara is also proving to be the Dark Horse of the National Brand Leadership and emerges from Number 7 to now at Number 5.

Headlines Construction Workers, May Day, International Labour Day, Labour Shortage, Labour Crisis, Labour Wages, Cost of Labour, Masonry, Carpenters

Will Labour Day be any different this year?

Shankar Mishra is a masonry worker at a construction site in Bengaluru. During the peak of the Covid-19, he was one among the thousands of workers who had no other option but to reverse migrate facing all odds. He thought at that point of time that his career as a mason worker was over. However, he had the surprise of his lifetime when the developer’s construction manager called him back and even offered to send a flight ticket for the same. Track2Realty traces the labour condition post the pandemic.

Editorial Tushar Shrivastav, Property Pistol, Blockchain Interview, Metaverse, Proptech

Complicated data to turn compact & easily accessible with Blockchain: Tushar Shrivastava

With the Maharashtra Government indicating to introduce Blockchain in property transactions, this new technology is in the spotlight. There are more questions in the public domain than answers as subject matter experts are few. In an exclusive interview with Ravi Sinha, Tushar Shrivastava, Co-founder & CTO, PropertyPistol.com decodes how Blockchain is the future of real estate transactions.

Headlines Real Estate 2023, Property Market 2023, Real Estate Prediction, Real Estate Forecast, Real Estate in 2023

An year of misplaced optimism ahead?

Ever since the beginning of the year 2023, the real estate industry stakeholders are going gaga with the narrative of a turnaround year. It is not that such misplaced optimism has not hurt their cause in the past, but the leading voices of the sector seem to believe that a false narrative would goad the home buyers to make a beeline at the sales office. The industry narrative is hence tilted towards what could easily be vouchsafed as misplaced optimism.

Company News Financial Results, Puravankara Limited, Ashish Puravankara, Bengaluru Property Market, India's Best Realty Brands, Quarterly Results, Financial Results

Puravankara reports highest ever Q3 sales; revenue growth of 67% amounting to INR 410 crore

On Puravankara’s future plans he said, “We will continue to work towards expanding our market share,and we are excited to announce that in Q3FY23 the group has achieved increased revenue from projects by 77%, increased collection from operations by 87% from construction and delivery against the similar quarter in the previous year. This is supported by increased sales and new launches of over 4.11 msft in 9MFY23 with the last quarter of the current financial year adding another 2.17 msft. Our per Sq. Ft. of debt on under construction area has reduced by 49% from INR 2,524 to INR 1,291 over the last four years.

Reports Greenfield Projects, Whitefield Projects, Construction Cost, Project Cost Escalation

Greenfield construction cost rises 5-7%, labour cost up by 8-10% Y-o-Y in Q3 2022

The outlook for construction costs remains stable but cautious, as market volatility is likely to persist in 2023 along with monetary tightening, continued high inflation, a possibility of a recession in developed economies and geopolitical turmoil-related challenges going forward. Therefore, CBRE forecasts a marginal rise in the overall construction costs during 2023 across cities, with Mumbai likely to witness a sharper rise. 

Company News NCLT, NCLAT, BPTP, RBCL, Real Estate Disputes, Real Estate Insolvency

NCLAT stays insolvency proceedings against BPTP

The National Company Law Appellate Tribunal (NCLAT) has set aside the order of National Company Law Tribunal (NCLT) that had directed to initiate insolvency proceedings against BPTP Ltd. The realty firm has now settled disputes with the operational creditor.

Headlines NCLT, National Company Law Tribunal, Ansal API, Litigation, NCLAT

Ansal Properties & Infra goes into insolvency by NCLT

The National Company Law Tribunal (NCLT) has agreed to initiate insolvency proceedings against real estate developer Ansal Properties & Infrastructures (Ansal API).  The petition for the same was filed by 126 flat buyers of one of the company’s housing projects called “The Fernhill”.

Company News Noida, Noida Authority, Noida Land Parcels, Noida Land Acquisition, M3M India, Pankaj Bansal, Noida Builders

M3M enters Noida with Rs. 2400 crore investment in mixed-use project

Real estate developer M3M India has purchased a 13-acre land parcel in Noida. The outright purchase has been through e-auctions and the developer plans to invest around Rs 2,400 crore to develop a mixed-use project. M3M India has a major presence in Gurugram and this is part of the company’s market expansion to Noida through this project.

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