To fund this acquisition, Weaver Services is raising capital from prominent private equity investors such as Gaja Capital and Lok Capital, aiming to secure up to Rs 800 crore, according to a company release.

CIFL, a modern player in the affordable housing sector, highlighted that the sale is part of its strategic shift towards focusing on its core businesses. The transaction is still subject to regulatory approval.

“The capital released from this sale will enable Capital India to expand further, leveraging strong equity capitalization and improving operational performance,” said Pinank Jayant Shah, CEO of Capital India Finance Limited.

Upon receiving regulatory approval and finalizing the acquisition, Weaver Services plans to introduce a range of innovative home loan products tailored for citizens of Bharat.

“Our primary goal is to empower self-employed individuals in the unorganized sector, especially in Tier 2 and Tier 3 towns. Weaver is dedicated to promoting financial inclusion, with a special focus on providing access to women borrowers who often face challenges in traditional financial systems,” the company’s release stated.

Weaver Services comprises a team of finance experts, including Satrajit Bhattacharya, who previously led the Investments and M&A division at HDFC Limited, along with other former HDFC executives.

The post Capital India Finance Sells Housing Finance Subsidiary to Weaver Services for Rs 267 Crore appeared first on .

TARC KAILASA, a 1.7 million square feet development spread over a strategically located 6-acre land parcel, comprises 5 high-rise magnificent towers beautifully designed by renowned architectural practice Andy Fisher Workshop – Singapore.

The Company has thoughtfully chosen Arabian Construction Company as its construction contractor considering their expertise in high-rise construction and the large number of delivered projects all across India and also UAE.

Amar Sarin MD & CEO of TARC Limited expressed his views on the meticulously designed project that never before offered the amenities and luxury that the buyer community has been longing for in New Delhi, India.

Be it the expansive spread, the high ceilings, the 3 sides open design for light and ventilation, very high-end specifications, private lift lobbies, and the all-weather pools, KAILASA has been designed to provide the solace and tranquility we all long for.

The 170,000 square feet of entertainment areas, the 7-tier security, the concierge services, and the large apartment formats at KAILASA have something and more for each member of your family stated Amar Sarin (MD & CEO).

TARC KAILASA has a revenue potential of over INR 4000 Crores, and the Company reported garnering a tremendous response.

Commenting on the growth and transformation of the residential real estate sector Amar Sarin shared his very positive views and belief on the growth trajectory that India is witnessing and the greater growth opportunities going forward under the admirable and glorious leadership of our revered Prime Minister Shree Narendra Modi Jee.

TARC Limited recently got a new brand identity, which in consonance with the values and traditions that are adopted by the Company is Inspired By India.

Thanks & Regards,

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In order to lower the current rate of 18% compound interest to the rate charged by the BMC, Fadnavis said that the state government would examine the situation shortly and request that MHADA submit a proposal.

“MHADA’s 18% compound interest rate is extremely excessive, and it is completely inappropriate to charge such a high-interest rate. The interest rate ought to be comparable to what banks offer. “I will undoubtedly step in and, on behalf of NAREDCO Maharashtra, the government will request that MHADA submit a proposal.

This will allow it to be brought up to speed with the BMC and ensure that all of the organizations have the same regulations,” stated Fadnavis.

Regarding the industry’s request for a premium reduction, Fadnavis promised that the government would always give it serious thought, though it would be difficult to predict when that action would be taken. He went on to say that the government has been debating a number of demands made by the real estate sector.

“The entire real estate market has changed since Maharashtra launched MahaRERA, and small buyers’ confidence in the market has grown significantly.

By adhering to MahaRERA regulations, developers have established a legitimate market for purchasers and leveled the playing field. The deputy CM stated, “Many players with ethical values are entering the sector from both the corporate and non-corporate worlds.

He was giving a speech at the Mumbai-based NAREDCO Maharashtra expo.

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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.

The post Top 5 Real Estate Property Buying and Selling Websites in India appeared first on .

The latest fundraising effort is the third by HDFC Capital’s reasonably priced real estate fund (H-Care 3), and the primary investor in the H-Care schemes is an Abu Dhabi Investment Authority (ADIA) wholly-owned subsidiary, according to a statement from HDFC.

The fund will provide long-term, flexible funding for affordable and middle-income housing projects throughout their life cycle, including early-stage funding. It will also invest in companies involved in the affordable housing ecosystem, such as construction technology, fintech, and sustainability tech.

HDFC Capital targets to finance 10 lakh affordable homes through a combination of financing, partnerships and technology while focusing on sustainability. While HDFC is the fund’s sponsor, HDFC Capital is the scheme’s investment manager, according to HDFC Capital managing director Vipul Roongta.

HDFC Capital was a pioneer in investing in low- and middle-income housing projects. HDFC Capital is well on its way to achieving its medium-term goal of funding 1 million affordable homes in the country, according to HDFC chairman Deepak Parekh, with the support of leading global investors such as ADIA and partnerships with trusted developers.

“Our latest investment in the H-Care platform aims to encourage its growth as it continues to meet India’s growing demand for early-stage financing of housing projects,” said Mohamed Al Qubaisi, ADIA’s executive director, real estate department.

The post HDFC Capital raises $376 million for a fund to support affordable housing. appeared first on .

The forum also ordered DLF Homes to execute the sale deed in favor of Anita Singh for unit no A-1/33-GF with an area of 282.017 square meters (3,035.60 square feet) within 30 days.

However, if the complainant has not paid the stamp duty/allied charges required for the registration of the sale deed, the 30-day period will begin on the date she pays the stamp duty and registration charges.

On October 27, 2022, the commission ordered that compensation be paid to complainant Anita Singh in the form of 9% per annum interest on the deposited amount for the delay in delivery of actual legal possession of unit no A-1/33-GF.

After deducting any previously paid partial compensation, the compensation must be paid to the complainants, J Singh, and his wife, within 30 days, or the entire accumulated amount will bear interest at 12% per annum from the date of default until this payment is made.

Petitioners applied in 2010 for the purchase of residential unit A1/45-First Floor in Sector 3 Panchkula’s project “DLF Valley.”

The post DLF Homes has been ordered by the SCDRC to pay home buyers Rs 1.35 lakh. appeared first on .

Jyothi Valencia is an integrated township of ultra-premium residential apartments at Banjara Hills. Sitting on a high street shopping lane, diagonally opposite Park Hyatt, Jyothi Valencia is in close proximity to KBR park, multicuisine restaurants, drive-ins, entertainment hubs, international healthcare centers, and shopping malls. Offering world-class amenities, the project is spread around 5 lakh sqft including space for commercial properties

PROJECT DETAILS
=> Project Name: JYOTHI VALENCIA
=> Address: Road No. 2, Banjara Hills
=> Parking: 2 Basements
=> Total number of floors: 10 Floors
=> Flat Area: 6799 – 7369 Sqft.
=> Owner Elevators: 4 Elevators
=> Service Elevators: 1 Elevator
=> Visitors Elevators: 1 Elevator

For more details call on 7396384441.

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Sector Performance in 2021

 The Covid-19 pandemic was a massive heat blow to the industry, where everything started displacing and changed the way homebuyers think now. The government of India along with the governments of respective States took several initiatives to encourage development in the sector. Their approach towards tackling the economy amidst the pandemic has been one of the finest. The various policy reforms along with the all-time low housing loan rates have given the much-required fillip to sales activity in the last few quarters for the real estate sector. The industry was quick to respond to the changes and adjust to new advances in the past few months.

The pandemic has also contributed to the recent boom in home buying, in part due to the ability many employees now have to work from home and to health concerns, which encourages city dwellers mostly renters to look for more spacious residences in areas with lower population density. One of the trends that really caught up the eye of the developers was the demand for second homes. There is an inclination towards a healthy lifestyle that has been a catalyst in accelerating the demand for holiday homes or second homes. Consumers are willing to permanently shift their interest by considering their second homes as primary homes due to the new normal of WFH scenario and enhanced connectivity along with state-of-the-art amenities to rejuvenate and relax in tranquility. Homebuyers are also looking for bigger, greener properties in urban communities with proximity to their workplaces. Healthy and energy-efficient homes are also gaining traction amongst the new-age buyers. The historically low interest rate, the lucrative festive offers accompanied by flexible payment options and better consumer awareness made the festive season the best of the decade this year.

Outlook for 2022

 The Indian housing market is expected to recover completely next year. The trend of demand remaining buoyant can be attributed to several factors like low-interest rates, an overall improvement in the job market, resumed economic activity, and an increasing desire to own physical assets during times of unprecedented uncertainty. With the vaccination drive gaining significant momentum and the spread of COVID-19 in better control, 2022 will very likely emerge better than before. The residential sector has emerged as a major beneficiary this year which is likely to continue in the upcoming year. It will also be the year for developers to optimize cost, despite increasing input prices, in most segments of real estate development and to ensure buyers’ affordability of owning a home.

The post Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited. appeared first on .

Sector Performance in 2021

Real estate market bounced back strongly in 2021. The lockdown last year made people realize the need of owning a home, leading to a surge in demand. The incentives announced by the government and lower interest rates and various offers by developers gave further impetus to the industry. In Maharashtra, the stamp duty waiver scheme offered by the Govt. led to a significant boost in sales towards the end of last year. A lot of first-time millennial homebuyers too entered the market. Developers with quality products, strong delivery track record and sound financial health have seen a significant upswing in business.

Location, connectivity and amenities became crucial deciding factors for the consumer. Many of them also realized they needed a larger space. Homes in societies with better health and security facilities took precedence. Projects like condominiums or integrated townships are in demand because facilities like gym, recreation, gardens and daily essential stores are all located within the society premises. An extra room has become a mandatory consumer preference and open spaces & amenities have become equally important. The pandemic has changed not only buying preferences but also selling methods. Developers have invested in technology and digital channels as well to reach out to consumers in a more efficient way.

At Runwal Group, we continue to see robust sales growth across all our projects in MMR. Our rapid construction pace even during the pandemic, attractive offers and quality product offerings at a reasonable price point have been the hallmark of our consistent success. We also invested heavily in technology, digitizing our sales process, making it far more streamlined and convenient for the consumers.

Outlook 2022

We expect demand to remain robust, especially in the affordable housing segment and in ready to move in or soon to be ready projects. Prices will firm up owing to the rising input costs as at some point developers will have to stop absorbing further increase in input costs. Keeping aside the threat posed by the new variant, the real estate sector should see a great 2022.

As a group, we have seen significant increase in revenues consistently and we expect the same trend to continue in 2022. We have a positive outlook and new launches, deliveries and further expansions are in the pipeline for the year.

The post Real Estate Year-End Review and Outlook for 2022 By Mr. Rajat Rastogi, Executive Director, Runwal Group. appeared first on .

Sector Performance in 2021:

The year 2021 started with a mild relief to the industry, with the government pitching to support the developers and introducing various relaxations. The decreased stamp duty by the state government in until March 2021 set a path for the property owners and developers. As the pandemic started gaining momentum, the industry witnessed a setback for a short while with multiple trends flowing in that kicked off the market. New launches dispatches were back in the market as the industry saw expanding interest for bigger homes with the predominant work-from-home culture, wherein the units with additional room and decks arose as the best-performing classification.

After the arrival of the second wave of the covid 19 in March-April, the whole of Maharashtra along with other states was under massive losses of lives and businesses. There was slow or no financial movement in many parts of the states and in addition putting sudden brakes on the real estate industry. The industry witnessed increased numbers of engagement happening on the digital platforms as clients were quite comfortable having initial information and project walkthrough through virtual tours.

Soon after the vaccination drives took pace, the industry started growing in terms of new improved launches as per the market demands and financial inflation for the better of the sector. The unwinding in lockdown controls saw the purchasers visiting the property physically for inquiries. We promptly saw the volumes of deals returning to ordinary because of a lift in the lockdown and relaxation on interests by the Government. The need for possessing a home, low home loan costs alongside different payment plans from developers helped the property purchases since July and October recording the highest property sales. People who generally opted for rental as a choice began searching for a getaway from a deep-rooted rental web and understood the significance of possessing a home. These elements assisted the huge market drive and helped pent up deals during the festive season during the current quarter and were the key in freeing the real estate landscape of the ills brought about by the pandemic.

Outlook for 2022

In spite of the pandemic exigencies in 2021, the residential housing gradually picked up momentum as compared to other segments. The disturbance brought about by the pandemic is easing back and the housing market is relied upon to recover its musicality in the following few quarters, since, the dangers of the new variant are enough contained with the least interruption in the early part of the New Year.

We shall anticipate with the Government to extend further relaxations and benefitting incentives that will only help better the sector in 2022. Incentives like the Introduction of tax benefits will help in increasing public spending with less transaction cost. Various supply and demand patterns assessed over the last decade have already started putting upward pressure on residential property prices. Residential sales momentum is expected to continue in 2022 as prospective homebuyers’ preferences for bigger homes, better amenities and attractive pricing will keep them interested to seal the deals. Well-known and trusted developers shall be witnessing comparatively better sales in the mid-income & affordable housing segments and shall continue to dominate in 2022 as well.

The post Real Estate Year-End Review and Outlook for 2022 By Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Hon. Secretary, CREDAI MCHI. appeared first on .