Housing sales in seven cities rose 48% to ₹3.47 lakh crore in FY23

₹3.47 lakh crore worth of homes sold in FY23, an annual growth of 48%. Pune records the highest growth in value of sales at 77% on year 3.79 lakh units sold in FY23, a 36% increase on year. All top 7 cities recorded growth of between 24% to 77% in total value of housing sold.

Earnings Impact: DLF shares jump 6% on strong Q4 but Motilal Oswal remains neutral

The company reported a sharp 40 percent surge in its net profit to ₹569.60 crore in the March quarter as compared to ₹405.5 crore in the year-ago period driven by robust new sales bookings.

Realty major DLF Q4 profit up 40% to ₹569.6 crore; net profit in FY23 rises 36% to ₹2,034 crore

DLF's net profit increased 36 per cent to ₹2,033.95 crore in the last fiscal from ₹1,500.32 crore in the 2021-22.

Real estate saw three-fold rise in foreign institutional investments during 2017-22. Details here

According to the report, foreign investments accounted for a sizeable share of 81 per cent of the total investments in real estate during 2017-22.

MF investments in REITs, InvITs rise sharply after pandemic: Report

Real Estate

The report noted that MF exposure to REITs and InvITs has surged many times over in the aftermath of the Covid-19 pandemic taking hold.

MS initiates coverage on 4 affordable housing finance firms; why is now a good time to buy?

Valuations have become reasonable to attractive following trailing stock underperformance. As rates peak out, investor interest in these stocks should pick up along with other NBFCs, noted MS.

Mutual funds vs REITs: Debate continues over risk &amp; returns

In mutual funds, the risk evaporates with time; the downside to any mutual fund investment is not permanent. Comparatively, the risk factor in REITs is too high. You never know what will hit the market for people to be rid of their real estate investments and run away.

Mutual funds vs REITs: Debate continues over risk & returns

Motilal Oswal maintains constructive outlook on real estate; Lodha, Prestige Estates, Godrej Properties its top

The brokerage firm highlighted that inventories across most of the companies under its coverage universe have declined to below 12 months as absorptions have exceeded launches over the last six quarters.

Up 163% since March 2020, HDFC Securities sees another 40% upside in this real estate stock

The brokerage said that it remains constructive on the stock's growth story and has maintained its ‘buy’ call with a target price of ₹380, indicating a potential upside of over 40 percent.

All portfolios should have real estate; residential space in multi-year upcycle: Ashish Khandelia of Earnnest

In an interview with MintGenie, Khandelia said the financialisation of real estate is the most exciting trend to watch out for in real estate investing.

Top Real Estate News

infographics

Housing sales in seven cities rose 48% to ₹3.47 lakh crore in FY23

markets

markets

markets