Search Results: housing sector (1118)

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.

Consumer Connect Realty Stocks, Real Estate Stocks, Real Estate Shares, Property ROI, Realty Index, Puravankara

Intrinsic value of a realty stock subject to interpretation

Ramneek Sethi, an IT professional wanted to invest in the stock market. He was keen on real estate stocks keeping in mind its growth potential and India’s increasing urbanisation. However, a meeting with the financial planner changed his mind. The financial planner categorically asked him to stay away from volatile real estate stocks and instead get into the power play through proxies in cement, steel, and other ancillary businesses. Reason: Real estate stocks are not just volatile, but more often than not even defy the principles of fundamental analysis and technical analysis.

Headlines Unsold Housing, Ravi Sinha, Demand Supply Mismatch, Housing Crisis, Puravankara, Abhishek Kapoor, Axis Ecorp, Aditya Kushwaha

Unsold ready to move inventory poses greatest threat to realty

Isn’t it ironic that in a housing market like India where the predominant demand is for ready to move houses, this segment too has a record unsold inventory standing. As per the statistics, out of the total 7.85 lakh unsold inventory, nearly 20 per cent are ready to move. Mind you! We are only talking about the top 8 cities of India. A cumulative figure of pan-India unsold ready to move housi9ng inventory would look even more scary.

Reports Gender Equality, Women in Real Estate, Women in Realty, International Women's Day, Cheryl Waliya, K Raheja Corp, Amanda Puravankara

By when will real estate be gender neutral?

To say that women workforce in the Indian real estate has broken the proverbial glass ceiling would be stating the obvious. Far from being perceived as a decorative value at the reception only, the women have now stormed into critical areas, from sales to consumer grievances and corporate communication to legal. Many of them have even been into the decision making and the work culture in many of the Grade A real estate companies appear to be gender neutral.

Finance Realty Stocks, Real Estate Stocks, Real Estate Shares, Nifty Realty, Sensex Realty, Nifty Realty Index

Intrinsic value of a real estate stock subject to interpretation

There is no denying that the real estate stocks have always been high in demand for investors. After all, in a housing deficient country like India it has to constantly grow. Isn’t it? However, what is often intriguing is that some of the real estate stocks have much higher price point, compared to the industry peers with similar fundamentals, including the EPS and PE ratio. This raises a fundamental question as to what determines the price of the real estate stocks.

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.

Finance Union. Budget, Finance Minister, Nirmala Sitaraman, Realty & Budget, Budget Wish List, Budget Expectations

Realty stakeholders hail Union Budget despite unmet expectations

The Union Budget 2023-24 has by and large ignored the long standing and some immediate concerns (even needs than wants) of the Indian real estate sector. The Finance Minister has not only ignored the supply side of the business, but also didn’t bother to address the demand side, that is the home buyers. Ironically, the leading voices of the sector are still happy with some of the intangible gains even though tangible benefits are non-existent. 

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.

Finance Union Budget 2023-24, Finance Minister, Nirmala Sitharaman, Budget & Real Estate, Budget for Home Buyers, Budget Wish List

Union Budget 2023-24 disappoints real estate

The Union Budget 2023-24 has offered more intangible benefits than tangible gains for the real estate sector. It is hence no surprise that while the average home buyers got busy in their tax calculations immediately after the Finance Minister’s budget speech, the industry stakeholders have by and large given a thumbs up to the budget. A Track2Realty report.

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.

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