The real estate industry in India is flourishing, and there are many options accessible for people who want to buy or sell property. Online portals have gained popularity as a means of conducting real estate transactions as the real estate sector becomes more and more digitized. We’ll look at some of the top Indian real estate portals and websites for buying and selling property in this article.

1.) Magicbricks: One of the top online real estate marketplaces in India. It was introduced in 2006, and the Times Group owns it. The website offers a wide range of services for buying, selling, and renting real estate, including verified listings, virtual tours of the homes, and help with the necessary paperwork. Magicbricks is an all-inclusive website for anyone trying to purchase or sell property in India because it also provides features like property price trends, localities’ insights, and user reviews.

2.) 99acres: 99acres is a different well-known real estate marketplace in India that provides a variety of services for buyers and sellers of real estate. The platform was introduced in 2005, and Info Edge, the business behind Naukri.com, owns it. Users of 99acres can access verified listings, virtual tours of properties, and price trend analyses for different areas. The platform serves as a one-stop shop for all property-related issues by providing a variety of services like home loans, property appraisal, and legal advice.

3.) Housing.com: Housing.com is a well-known real estate website that employs technology to make buying and selling real estate easier. PropTiger.com, which launched the platform in 2012, is the platform’s owner. A number of services are available through Housing.com, such as verified listings, virtual tours of properties, and help with paperwork. Additionally, the platform features a special function dubbed “Slice View,” which gives consumers a 360-degree view of the inside of the property. Housing.com is a great resource for Indian buyers and sellers of real estate because it also offers users information on neighbourhood trends and real estate price indices.

4.) CommonFloor: Quikr is the owner of CommonFloor, a real estate platform that was introduced in 2007. Users can get verified listings, virtual tours of properties, and help with documents through the platform. Along with a variety of other services, CommonFloor also provides legal counsel and housing loans. The platform features a distinctive feature called “Community Living,” which gives customers knowledge about the neighbourhood, including specifics about the area’s schools, hospitals, and services. Additionally, CommonFloor provides a mobile app that makes it simple for users to browse the website while on the go.

5.) PropTiger: Elara Technologies is the owner of PropTiger, a real estate platform that was first introduced in 2011. Users can get verified listings, virtual tours of properties, and help with documents through the platform. Additional services provided by PropTiger include home loans, property appraisals, and legal support. The website features a distinctive feature dubbed “Real Insight,” which gives customers data-driven insights into the real estate market. Additionally, PropTiger has a mobile app that makes it simple for consumers to browse the website while on the go.

These are some of the top websites/portals for buying and selling real estate in India. Every platform has a different collection of features and services, therefore it’s critical to compare them all according to your own requirements. Online portals provide a convenient and hassle-free approach to buy or sell property in India, regardless of the platform you select.

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Chief Secretary  Somesh  Kumar on Tuesday held a preliminary meeting with various companies to take up digital land survey in the Telangana State.

A total of 17 companies participated in the discussion.

The Honourable Chief Minister K Chandrashekar Rao is likely to hold a meeting with these companies shortly to take up digital land survey in the state.

It may be recalled that the government has sanctioned an amount of Rs 400 crores in this years budget towards carrying digital land survey in the state.

During the discussion, Chief Secretary enlisted the views of the companies and the problems encountered by them while taking up similar surveys in other states. The methodology, technology to be adopted, time and cost factor, availability of survey equipment and technical persons, requirement of software, hardware and internet bandwidth were some of the issues which figured in the discussion.

Industries Principal Secretary, Jayesh Ranjan, Commissioner, Stamps and Registration, Seshadri, Telangana State Technology Services (TSTS) MD Venkateswar Rao, Commissioner Settlements Sashidhar and other officials were present.

The Chief Minister had announced early this year that a comprehensive digital land survey will be undertaken and tenders will be floated for the project soon.

This is the first time in 90 years that a comprehensive land survey will be undertaken in the state. It is expected to not only end disputes but also lead to transparency in the land records.

The Chief Minister asked the officials to invite tenders for a comprehensive digital land survey across the state using geographic coordinate system.

While the total cost of the project is expected to cost around Rs 600 crore, the state government has allocated Rs 400 crore in 2021-22 budget and promised to make the remaining amount available in 2022-23.

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Sales of residential properties in the top seven cities of the country declined by 46 percent during the July-September quarter due to a decrease in demand due to Covid-19. This has been said in the report by property consultant Enarock. The report stated that during the second quarter of the current financial year, 29,520 units were sold in Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune. At the same time, 55,080 units were sold during July to September last year.

During January-September this year, sales fell by 57 per cent to 87,460 units. The figure stood at 2,02,200 units in the same period last year.

According to data from Enarock, all the seven cities have seen a year-on-year decline in sales from July to September 2020.

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Despite the arrival of Coronavirus, the economy is still the first choice for real estate investment. According to a report jointly released by Housing.com and the National Real Estate Development Council (NAREDCO) Concerned YET POSITIVE – The Indian Real Estate Consumer (April – May 2020), real estate still remains the preferred method of investment. is. This is accepted by 35 percent people. This was followed by gold (28%); Fixed deposits (22%) rank among stocks (16%).

Housing.com’s survey was conducted in April and May 2020, at which time the Indian economy was under lockdown. More than 3,000 potential homebuyers were included in the process through random sampling techniques to enable the survey to be conducted in an unbiased manner.

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By Realty Quarter Bureau

The domestic cement sector is expected to post a 6% growth in FY2019 with growth momentum likely to sustain though input costs like power, fuel and freight expenses are likely to put pressure on the operating profitability of cement companies in the coming quarters, ratings agency ICRA has said.

Domestic cement production was higher by 6.3% at 298 million tonnes in FY2018, against 280 million tonnes in FY2017. Most of this growth was recorded during the second half of FY2018 and driven largely by improved demand in key markets, the agency said in its latest report on cement sector.

“We expect demand in FY2019, to be driven by a pick-up in the affordable and rural housing segments and infrastructure, primarily road and irrigation project,” Sabyasachi Majumdar, senior vice president, ICRA Ltd said.

The Budget of FY2019 also supports with higher rural credit, increased Minimum Support Price (MSP), increased allocation for the rural, agricultural and allied sectors, along with continued focus on the Pradhan Mantri Awas Yojana (PMAY) and infrastructure investments, the report said. “Cement demand from rural housing saw a pick-up, post monsoons, following an improvement in the rural economy as a result of normal monsoons,” he added.

Cement production was healthy in Q4 FY2018, reporting 18.2% Y-o-Y growth and the momentum continued in April 2018. Production was in the range of 26–27 million tonnes in the December 2017–February 2018 period and increased to 28.5 million tonnes in March 2018. In April 2018, the production continued to remain healthy at 27.3 million tonnes, an increase by 16.7% on a Y-o-Y basis. This is supported by demand in Andhra Pradesh and Telangana (driven by irrigation, low cost housing and infrastructure projects), several eastern states (driven by low cost housing and infrastructure demand) and western Indian markets, led by execution of infrastructure projects.

ICRA said in terms of capacity addition, it expects around 19 – 22 MTPA to get added in FY2019, primarily in the eastern region. While the additions have been relatively on the lower side during FY2017-FY2018, the capacity overhang and moderate demand growth is likely to continue to keep the industry’s capacity utilisation level below 70% over the next two years.

Lumpy capacity additions in the recent past have led to an increase in debt levels and some deterioration in credit metrics, although they still remain at comfortable levels for most of the larger players, ICRA said.” We expect higher power and fuel (increase in coal and pet coke prices) and freight costs (increase in diesel prices) in Q1 FY2019 and in the coming quarters which is likely to pressurise profitability margins and debt metrics of cement companies in the near term,” Majumdar pointed out.

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By Realty Quarter Bureau

Jindal Steel and Power beat consensus estimates for both revenue and net profit in Q4FY18. Revenue grew by 27.3% yoy to Rs8, 599cr (expectation Rs8, 081cr). EBITDA stood at Rs2, 136cr, up 37.7% yoy against estimates of Rs2, 014cr. EBIDTA margin rose by 187bps yoy to 24.8%. Adjusted Net Profit stood at Rs5.5cr (expectation of Rs3cr).

Standalone steel sales for Q4FY18 stood at 1.18mn tonnes, a 29% yoy increase. This was due to the successful ramp up of production at Angul. Consolidated steel sales stood at 1.66mn tonnes, up 27% yoy.

Low coal availability impacted the generation of Jindal Power. As a result, Jindal Power generated 2,310mn units and the PLF stood at 31% for the quarter. EBITDA margin for the power business fell from 44% in Q4FY17 to 28% in Q4FY18 on the back of sharp increase in raw material costs. The cash profit for the power business stood at Rs98cr for the quarter.

Jindal Shadeed recorded its highest ever quarterly production of 0.46mn tonnes of crude steel as well as its highest ever quarterly EBITDA at $71mn.

The company also reported that production is ramping up steadily at the Mozambique and Wongawilli mines with a production of 0.3mn tonnes and 0.1mn tonnes respectively in Q4FY18. The Russel Vale mines continue to remain under care and maintenance.

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