Business Standard

Housing inflation

Pak Parliament passes tax-laden budget ahead of talks on fresh IMF loan

Pakistan is in talks with the IMF for a loan of $6 billion to $8 billion

Pak Parliament passes tax-laden budget ahead of talks on fresh IMF loan
Updated On : 28 Jun 2024 | 2:58 PM IST

Real estate 'popular hedge' against inflation in last two years: Report

Investors can leverage real estate assets to borrow funds for further real estate acquisitions, says Anarock

Real estate 'popular hedge' against inflation in last two years: Report
Updated On : 13 Jun 2024 | 11:35 PM IST

China's consumer inflation holds steady in May, factory deflation eases

Weak consumption in China has kept a lid on consumer prices since 2023 despite many rounds of support measures as confidence remains low in the face of a protracted property sector crisis

China's consumer inflation holds steady in May, factory deflation eases
Updated On : 13 Jun 2024 | 5:56 AM IST

Ahmedabad's average housing prices surge 45% in last 5 years: PropTiger

Housing prices in Ahmedabad have appreciated by an average 45 per cent in the last five years because of rise in demand of residential properties especially after the COVID pandemic, according to PropTiger. The average housing prices stood at Rs 4,150 per square feet in January-March this year, as compared to Rs 2,867 per square feet in the January-March period of 2019, as per the data compiled by real estate consultant PropTiger. The average growth in housing price during January-March 2024 was 10 per cent from the year-ago period. PropTiger.com is part of real estate technology firm REA India, which also owns real estate listing platforms Housing.com and Makaan.com. Vikas Wadhawan, Group Chief Financial Officer of REA India and Business Head of PropTiger.com, noted that Ahmedabad has become one of the major real estate markets in India. "As the nerve centre of economic activity, Ahmedabad attracts numerous buyers and investors from neighbouring states such as Madhya Pradesh and

Ahmedabad's average housing prices surge 45% in last 5 years: PropTiger
Updated On : 09 Jun 2024 | 2:26 PM IST

Costlier vegetables made your thali more expensive by 9% in May: CRISIL

A vegetarian thali has roti, onion, tomato, potato, rice, dal, curd, and salad. A non-vegetarian thali has the same foods but chicken (broiler) replaces dal

Costlier vegetables made your thali more expensive by 9% in May: CRISIL
Updated On : 06 Jun 2024 | 2:16 PM IST

All you know need to know about China's affordable housing policy

Authorities hope that over time, improving access to affordable housing could provide utility to some of the excess construction undertaken in the boom years

All you know need to know about China's affordable housing policy
Updated On : 04 Jun 2024 | 11:58 AM IST

BOJ to proceed cautiously with inflation targeting frameworks: Ueda

'While many of the challenges we face are similar to those encountered by our counterparts, some are uniquely difficult for us,' the BOJ chief added

BOJ to proceed cautiously with inflation targeting frameworks: Ueda
Updated On : 27 May 2024 | 9:51 AM IST

New supply of homes fall 38% across top 8 cities in Jan-Mar: PropEquity

New supply of affordable homes -- priced up to Rs 60 lakh each, declined 38 per cent across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity. Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs, which has made development of affordable housing projects less profitable or unviable. According to PropEquity data, the fresh supply of homes, up to Rs 60 lakh each, stood at 33,420 units during January-March 2024 across top eight cities, as against 53,818 units in the year-ago period. These eight cities are -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Chennai, Kolkata, Pune and Ahmedabad. PropEquity data showed that the new supply in this price category fell 20 per cent during the 2023 calendar year and the declining trend continued in the first quarter of this year as well. "The number of affordable hou

New supply of homes fall 38% across top 8 cities in Jan-Mar: PropEquity
Updated On : 26 May 2024 | 12:37 PM IST

Signature Global aims to sell Rs 10,000 cr worth homes in FY25, up 38%

Realty firm Signature Global Ltd has set a target to sell housing properties worth Rs 10,000 crore in 2024-25, up 38 per cent from the last fiscal, as it expects demand for residential assets to remain strong. In its investors presentation, the company has given a guidance of Rs 10,000 crore for sales bookings in the current fiscal. The company's sales bookings more than doubled to Rs 7,268 crore in 2023-24 from Rs 3,430 crore in the preceding year. The company, which is mainly developing projects at Gurugram in Haryana, sold 4,619 units last fiscal as against 4,512 units in 2022-23. In terms of area, Signature Global sold 6.18 million square feet in 2023-24, up from 4.35 million square feet in the preceding years. Sales realisation for 2023-24 averaged Rs 11,762 per square feet compared to Rs 7,886 per square feet in the previous fiscal. Pradeep Kumar Aggarwal, Chairman of Signature Global, said, "The financial year 2023-24 marked a significant period for our company, characteri

Signature Global aims to sell Rs 10,000 cr worth homes in FY25, up 38%
Updated On : 16 May 2024 | 11:17 AM IST

Housing sales in Gurugram down 12% during Jan-Mar; up 19% in Noida: Report

Housing sales in Gurugram fell 12 per cent year-on-year in January-March, while the demand for residential properties increased in Noida by 19 per cent, according to Anarock. Real estate consultant Anarock's data showed that housing sales in Gurugram's primary market (first sale) declined 12 per cent to 8,550 units in the January-March period this year from 9,750 units in the year-ago period. In contrast, Noida saw a 19 per cent increase in housing sales to 1,600 units during January-March this year from 1,350 units in the corresponding period of the previous year. Commenting on the trend, Anarock Vice Chairman Santhosh Kumar said, "The demand continues to be strong in Gurugram. Still, sales dipped in the IT city due to a fall in new supply. Many builders did not get approvals to launch projects". There would be more launches of housing projects in Gurugram after the Lok Sabha election, he added. As per the data, housing sales in Greater Noida declined by 19 per cent to 2,350 unit

Housing sales in Gurugram down 12% during Jan-Mar; up 19% in Noida: Report
Updated On : 31 Mar 2024 | 2:57 PM IST

Indian govt bond yield at more than two-week high as US peers jump

The rise in yields is fuelled by indications of a robust economy and elevated inflationary pressures

Indian govt bond yield at more than two-week high as US peers jump
Updated On : 18 Mar 2024 | 11:06 AM IST

Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock

This is despite the fact that 55% of Indians believe their disposable income had been 'majorly' impacted by inflation

Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock
Updated On : 05 Mar 2024 | 2:29 PM IST

Dollar eases as market shrugs off rise in US monthly consumer prices

The dollar index fell 0.07% to 104.04, while the euro was up 0.08% to $1.0785

Dollar eases as market shrugs off rise in US monthly consumer prices
Updated On : 10 Feb 2024 | 8:02 AM IST

People worried about unemployment but BJP busy diverting attention: Cong

Hitting out at the Centre, the Congress on Saturday claimed that every second person in India is worried about "increasing inflation, economic recession, unemployment and conflicts" but the Modi government is busy "diverting" the attention of the country. Congress general secretary Jairam Ramesh shared a media report on X which claimed that in the last one year, the price of vegetables has increased by 15 to 60 per cent. In his post in Hindi, Ramesh said, "Under the 'mehngaai kaal' of 'ahankaracharya', one in three Indians is worried about losing his or her job this year, while 57 per cent are worried about inflation." He added, "every second person in India is suffering under 'anyay kaal' and worried due to increase in inflation, economic recession, unemployment and conflicts, but the Modi government is busy diverting the attention of the country in its familiar style." But the Congress will continue its struggle to give justice to the people, he asserted. The Bharat Jodo Nyaya Y

People worried about unemployment but BJP busy diverting attention: Cong
Updated On : 27 Jan 2024 | 10:40 AM IST

Global stock index edges up, dollar falls after US inflation reading

The MSCI world equity index, which tracks shares in 49 nations, gained 0.12%, after earlier hitting its highest level in almost two years

Global stock index edges up, dollar falls after US inflation reading
Updated On : 27 Jan 2024 | 8:13 AM IST

Global investments in Indian real estate sector dip due to high inflation

India's real estate market has been an attractive destination for global investors, particularly from the US, since 2006

Global investments in Indian real estate sector dip due to high inflation
Updated On : 23 Jan 2024 | 12:00 AM IST

Budget 2024: Govt may hike housing subsidy ahead of Lok Sabha polls

Interim Budget 2024: The govt estimates reveal a significant housing shortage of over 20 mn homes in rural areas. While the same for urban areas stands at 1.5 mn homes, according to industry experts

Budget 2024: Govt may hike housing subsidy ahead of Lok Sabha polls
Updated On : 17 Jan 2024 | 11:23 AM IST

Puravankara Q3 sale bookings rise 56% to Rs 1,241 cr on higher volumes

Realty firm Puravankara Ltd on Wednesday reported a 56 per cent annual increase in its sale bookings at Rs 1,241 crore in the third quarter of this fiscal on higher volumes amid strong housing demand. Its sale bookings stood at Rs 796 crore in the year-ago period. According to a regulatory filing, the company's sale bookings rose 60 per cent area-wise to 1.63 million square feet during October-December period from 1.02 million sq ft in the corresponding period of the previous year. The average sales realisation declined 2 per cent to Rs 7,610 per sq ft during the period under review from Rs 7,767 per sq ft a year ago. During April-December period of 2023-24 fiscal, the company's sale bookings rose 89 per cent to Rs 3,967 crore from Rs 2,100 crore in the year-ago period. In area terms, the sale bookings rose 80 per cent to 5.01 million sq ft in the first nine months of this fiscal from 2.79 million sq ft in the year-ago period. The average sales realisation grew 5 per cent to Rs 7

Puravankara Q3 sale bookings rise 56% to Rs 1,241 cr on higher volumes
Updated On : 10 Jan 2024 | 1:01 PM IST

Unsold homes in Delhi-NCR fall 23% to 94,803 units at 2023-end: Anarock

Unsold housing stock in Delhi-NCR at the end of last year has fallen 23 per cent from 2022-end level driven by high velocity of sales and restricted new supply of residential properties, according to Anarock. Real estate consultant Anarock data showed that number of unsold units in Delhi-NCR fell to 94,803 units at the end of last year from 1,23,692 units in 2022-end. Delhi-NCR's unsold stock is currently at a decadal low, dropping below one lakh units for the first time in the last 10 years, the consultant pointed out. Anarock Vice Chairman Santhosh Kumar attributed the fall in unsold housing stock to higher sales transactions compared with new launches during the last calendar year. In 2023, housing sales in Delhi-NCR stood at 65,625 units while new supply in the region was 36,735 units, he said. "Developers continue to consciously restrict new supply in the region so that they can remain focused on project completions and thus reduce their previous unsold stock," Kumar said. T

Unsold homes in Delhi-NCR fall 23% to 94,803 units at 2023-end: Anarock
Updated On : 07 Jan 2024 | 2:02 PM IST

Housing sales in Gurugram up 13% in 2023; down 7-8% in Noida: Anarock

Housing sales in Gurugram rose by 13 per cent annually in 2023 on high demand, especially for luxury flats, but Noida and Greater Noida saw a 7-8 per cent fall, according to Anarock data on the Delhi NCR market. Real estate consultant Anarock's data showed that sales of residential properties in Gurugram went up 13 per cent to 36,970 in 2023 from 32,615 units in the previous year. However, sales in Noida fell 8 per cent to 5,840 units from 6,360 units. Greater Noida saw a 7 per cent drop in sales to 10,180 units from 10,985 units. Ghaziabad, too, witnessed a fall of 8 per cent to 6,340 units from 6,890 units. The total housing sales in Faridabad, Delhi and Bhiwadi decreased to 6,295 units during 2023 from 6,860 units in the previous year. Overall, the Delhi-NCR saw only a marginal growth of 3 per cent in housing sales to 65,625 units during 2023 from 63,710 units in the previous year. Anarock Group Regional Director & Head of Research Prashant Thakur said, "Apart from Gurugram, ..

Housing sales in Gurugram up 13% in 2023; down 7-8% in Noida: Anarock
Updated On : 31 Dec 2023 | 11:12 PM IST