Realty shares in demand
HDIL, Kolte Patil Developers, Unitech, Indiabulls Real Estate and D B Realty are up 4-16% on the BSE
Apr 05, 2014
Source : Business Standard

 

MUMBAI: Shares of real estate companies are in demand and rallied up to 16% on back of heavy volumes in otherwise weak market on the Bombay Stock Exchange (BSE).

Housing Development and Infrastructure (HDIL), Ajmera Realty, Kolte Patil Developers, Unitech, Indiabulls Real Estate, D B Realty, Prestige Estates, Anant Raj, DLF, Oberoi Realty and Sobha Developers are up 1-16% on the BSE.

The BSE real estate share index S&P BSE Realty, the largest gainer among sectoral indices, up 3.4% at 1,527 compared to 0.61% fall in S&P BSE Sensex at 1245 hours. In past one week, the realty index has gained 7% as against 0.22% rise in the benchmark index.

HDIL is the largest gainer among realty pack, surged 16% to Rs 69.40, its highest level since March 2013 on the NSE. A combined 51.12 million shares changed hands on the counter on the NSE and BSE till 1450 hours.

The stock of the Mumbai-based real estate developer has rallied nearly 40% from Rs 49.80 since March 26, after the Kotak Securities bought an equity shares worth of Rs 11 crore through open market purchase.

On March 27, 2014 Kotak Securities Limited bought 2.13 million shares representing 0.50% stake in HDIL at Rs 51.56 on the NSE.

Kolte Patil Developers has rallied 9% to Rs 110. The stock has gained 12% in past three trading sessions after the company said it has acquired a 30-acre land parcel at Kondhwa in Pune along with ASK Real Estate Special Opportunities Fund for Rs 160 crore.

Among the other individual stocks, Unitech and Indiabulls Real Estate has surged 6% each at Rs 15.45 and Rs 60.30 respectively, while D B Realty gained 4% at Rs 62.80.

 

 

 

Latest Realty News

Realty investments in India dip 65% in 2013
Apr 05, 2014
MUMBAI: In 2013, investments in India’s real estate sector fell 65 per cent to $1.2 billion, making the country the 10th most invested region in Asia-Pacific, according to a report by real estate consultant Cushman & Wakefield. In 2012, Indian realty had received investments of $3.4 billion; then, too, it was 10th in the region.
Brookfield to buy Unitech Corporate Park subsidiary
Apr 05, 2014
MUMBAI: Canada-based global real estate giant Brookfield has offered to acquire Candor Investments, a fully-owned Unitech Corporate Parks (UCP) Plc subsidiary that owns stakes in real estate projects in the National Capital Region (NCR) and Kolkata.
Sunteck Realty rises high in uneven Mumbai
Apr 05, 2014
MUMBAI: In Mumbai's real estate sector, Sunteck Realty stands apart. The company based in and focused on Mumbai has seen interest from major investors at a time most experts and analysts have negative views on the city's realtors. Ajay Piramal is among the latest to join its investor list. Kotak Realty fund holds an 8% stake in Sunteck, while other investors include US-based College Retirement Fund with a 3.2% holding and Singapore's Tree-Line Asia fund with a 1% stake. Promoter Kamal Khetan ho
No new real estate assets acquired by Sonia Gandhi
Apr 05, 2014
RAE BARELI: Congress President Sonia Gandhi has acquired no new real estate assets in the last 15 years although the value of her properties has nearly doubled since the 2009 Lok Sabha polls.
Chintels launches Rs 450 crore housing project in Gurgaon
Apr 05, 2014
DELHI: Real estate firm Chintels today launched group housing project 'Chintels Serenity' in Gurgaon with investment of about Rs 450 crore.
Should you make 20% down payment for your home
Apr 05, 2014
BANGALORE: Pragnya and Atul Abhayankar are couple based in Mumbai. Having reached middle management positions in their respective corporate careers and lived on rent for five years, they have managed to save enough to buy their first home. But even after having done extensive homework on the property and the home loans that they are eligible for, they are still unable to arrive at a decision.They are unsure about whether or not to put down 20 per cent of the total value of the property as down p
Commercial growth spurs demand for residential options in Bangalore
Apr 05, 2014
BANGALORE: With an uptake in commercial development in the north, several micro-markets are opening up for residential real estate development. Localities close to the NH7 have benefitted from the upgraded 22 km highway, with seamless link to different parts of the city via the Outer Ring Road (ORR). The north is witnessing several standalone housing projects as well as integrated developments offering residents a self-sufficient neighbourhood.
IT drives demand for commercial space in Bangalore North
Apr 05, 2014
BANGALORE: The growth in Bangalore’s commercial realty market began from the Central Business District (CBD), and expanded into the extended or Secondary Business District (SBD), south and south-east Bangalore. Over a period of time, corporates with long-term occupancy plans relocated to south-east and east Bangalore, owing to better connectivity and the availability of IT parks. With the establishment of two prominent tech parks and the location of the international airport, Bangalore north has
Home loan helps save on income tax
Apr 05, 2014
BANGALORE: The deduction you can claim against the payment of interest on a home loan from your taxable income is a major saving. This is especially so as the interest component is higher than the principle amount in the initial years of the home loan tenure. The amount of interest paid can be availed as a deduction under Section 24 of the Income Tax Act under the head ‘Income from House Property' while assessing the total income for the year.
Competition Commission imposes Rs 2.4 crore penalty on DLF
Apr 04, 2014
DELHI: The Competition Commission has slapped Rs 2.4 crore penalty on realty major DLFBSE 1.28 % for not complying with its directions to cease and desist from unfair trade practices.

Latest Realty News Of State

Realty Talk's