Realty News Roundup: Realty Stocks Surge; Godrej Announces Residential Township In Pune

Realty News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

Riding on the hopes of further rate cuts, real estate stocks saw a surge on Thursday. According to this report, stocks of country's biggest realty firm DLF jumped as much as 10 per cent. HDIL marked an eight per cent surge. Unitech and Jaiprakash Associates also saw buying interest. This has come after a two-day correction across the board. According to this report, Chief Economic Advisor Arvind Subramanian indicated that the central bank must cut rates further. This also made an impact on the stocks.

In this report by Business Standard on realty portals, PropTiger Chief Executive Officer Dhruv Agarwala has said that secondary market is going to catch up in real estate in the second quarter. "Between 2005 and 2012, the primary market boomed, but now the number of launches will get reduced, and the secondary market will be catching up," he said. Read more.

Off the front page

Puravankara Projects is planning to spend close to Rs 1,000 crore on developing new residential projects in cities such as Bengaluru, Pune, Mumbai and Hyderabad. Read more.

In another development, Godrej Properties has announced a new residential township project in Pune. It will be spread over 31 acres. Read more.

Opinion

Read this piece to know how ICICI Bank's newly introduced “extraa home loan” will benefit home buyers. Read here.

A must read to know why the land law needs fixing. Read here.