DDA housing scheme 2023: According to senior DDA officials, EWS and LIG are being given more priority in this housing scheme. The Delhi Development Authority (DDA) on Friday will open the online registration procedure for over 5,500 flats as part of its Phase IV housing programmed. Under the scheme, registration will be open for 40 High Income Group (HIG) flats in Mazola, 200 Middle Income Group (MIG) flats in Dwarka and Narelle. At the same time, along with 900 Economically Weaker Section (EWS) flats in Narelle, registration can be done for a total of 4,400 Low Income Group (LIG) houses in Loknayak Puram, Rohini, Sir spur and Narelle, according to a report be Live Hindustan. According to senior DDA officials, EWS and LIG segment are being given more priority in this housing scheme. Flat prices have been fixed for these with discounts. Applicants for booking and registration of EWS flat will have to provide income certificate of the entire family for less than ₹10 lakh.

According To The Report, The Potential Flat Buyers.

would be given a five-day window after July 10, to tour sample flats at each location and book their preferred unit. According to the DDA official, EWS category people can book the flat by giving ₹50,000 as booking amount, LIG in ₹1 Lakh, MIG in ₹4 Lakh while, HIG can book the flat in ₹10 Lakh. Cost of flats:
The price of HIG flats in Jasola Vihar ranges from ₹2.08 crore to ₹2.18 crore. The price of MIG flat in Dwarka ranges from ₹1.25 crore to ₹1.35 crore. While the cost of LIG flats in Narelle and Rohini is ₹15 lakh, ₹17 lakh in Siraspur and ₹30 lakh in Lok Nayakpuram. How to apply for the DDA Housing Scheme:
Visit the Delhi Development Authority’s (DDA) official website at www.dda.gov.in. Fill out the online application form with personal information. Upload the required documents with the application form. Pay the application fee after completing the form and uploading all the documents. Once the payment is done, note down the application number for future references.

Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, said Real estate consultant Anarock Chairman. Real estate industry expects housing demand to remain strong with the RBI keeping key interest rate unchanged and is hopeful for a repo rate cut in next round of monetary policy to boost growth. The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent. Commenting on the development, CREDAI National President Boman Irani said, “… We expect both housing supply and demand to sustain its ongoing momentum.” “However, given that the inflation is at an 18-month low, there is scope for the RBI to reduce repo rates in the upcoming MPC meetings, to stimulate growth across all industries,” Irani added. Naredco President Rajan Bandelkar hailed the RBI move, saying it will help the housing sector that has been performing well from the past two years.”Nonetheless, the sector needed announcements that could further fuel the growth,” he added.With the festive season in tailwinds, Naredco Vice Chairman Niranjan Hiranandani said a hiatus in interest rate hike would boost sales velocity. Real estate consultant Anarock Chairman Anuj Puri said, “The unchanged repo rate can help maintain the momentum in housing sales, which has so far been firing on all cylinders in 2023.”

Housing Sales in January-March 2023 Breached.

the one lakh mark at 1.14 lakh units across the top 7 cities, he added. Realty firm Signature Global Chairman Pradeep Aggarwal said this demonstrates a positive intent towards supporting the housing market and benefiting homebuyers “…The pause in rate hikes will instil a sense of optimism among borrowers and we expect the housing sales momentum to continue,” India Sotheby’s International Realty MD Amit Goyal said. Atul Bansal, Director-Finance, Omaxe Ltd, hoped that the RBI would opt for a policy rate reduction in the next review meeting. Knight Frank India CMD Shashi Baikal said, “We believe that this status quo will facilitate positive decision-making for homebuyers.” Colliers India Head of Research Vimal Nadar said, “as home loan rates are already at elevated levels of 9 per cent and above, this is a significant breather for lenders, developers & homebuyers.” Savills India CEO Anurag Mathur said home loan EMIs will remain unchanged in the near-term, leading to sustained demand across various housing categories.

A survey conducted by R&R By Rise showed that the mood of the buyers clearly points to good times for the real estate segment in Delhi-NCR. The real estate market in Delhi-NCR is expected to grow exponentially in 2023, with some interesting trends shaping the future of Delhi, Gurgaon, Noida and the periphery areas that are all gaining traction like never before. Real estate continues to be the best investment option in Delhi-NCR, with approximately 40 per cent preferring it over other investment options. R&R By Rise conducted a survey of potential real estate buyers in Delhi-NCR recently. The findings clearly highlight the fact that the Delhi-NCR realty is going to surprise one and all with growth beyond everyone’s expectations. The mood of the buyers clearly points to good times for the real estate segment in the region. A number of factors are driving this success, including stable prices, decent interest rate, strong economic growth, favorable demographics, and an increase in foreign investment. Vishesh Prakash, Research Partner, says, “As the world gets ready to get back to the furious growth path, one clear indication that the Delhi-NCR buyers have given is that they’re looking at real estate as a means to a meaningful and a healthy lifestyle. An overwhelming number of buyers indicated that they’re now ready to take first steps towards buying their first home. A large number of home owners also indicated they are looking to upgrade to bigger and better homes. These responses clearly point to an emergence of a real estate buying class that’s making home buying and investment decisions an intrinsic part of their future well-being.”

One Of The Key Findings Of the Survey That Emerged.

points to the millennial population being a key player in growing real estate market in Delhi-NCR. Those aged between 30-44 years, are driving the demand for both, residential and commercial real estate. Over 70 per cent respondents indicated that they are looking at buying a home in the next couple of years. Demand for residential realty precedes commercial, with 45 per cent respondents looking at picking up residential, and 35 per cent looking at tapping into commercial spaces respectively. Around 46 per cent of the respondents indicated that they are looking to pick up their first homes in the next two years. Over 29 per cent plan to upgrade from their current homes into bigger better space, with more lifestyle and wellness amenities. The demand for 2-3 BHK witnesses great traction with 65 per cent opting for either of the two options. Real estate assets and investment vehicles will be created for the sole purpose of investing and making money, and this trend will dominate the market. In fact, commercial real estate, which generates income in the form of rentals, ROIs, and income-producing properties, has also become a sought-after investment option. Infrastructure spending on roads, metro connectivity and other such amenities have given a further impetus to the real estate ecosystem in India. Besides, foreign investment in Indian real estate is also playing a major role in keeping the India real estate market buoyant.

Key Highlights

• Real estate in Delhi-NCR and its peripheries to be the centre of attraction as far as the demand is concerned.- Millennials planning to invest in realty will drive the 2023 real estate market, both residential and commercial.- Demand for residential realty precedes commercial, 45 and 35 per cent respectively.- The percentage of first-time buyers goes up to 46 per cent, while percentage of those who want to upgrade to bigger spaces goes up by 29 per cent.- Demand for 2-3 BHK witnesses great traction with 65 per cent opting for either of the two options.

This story has been provided by Newsier. ANI will not be responsible in any way for the content of this article. (ANI/News Voir)

The report also said their near debt-free balance sheets will support credit risk profiles despite all major paint companies being on an aggressive capex spree. Continuing healthy demand from construction, real estate and automobile sectors will help the paint sector register a 10-12 per cent revenue growth this fiscal against an 18 per cent estimated rise in the just-concluded fiscal, according to a report. Volume expansion and the resultant cash generation will help paint companies maintain healthy balance sheets, which will also buffer credit profiles despite the rising capex, Crisis said in a report on Wednesday. The top five companies have announced ₹12,000 crore capex in fiscal 2023 and 2024 on the back of ₹7,000 crore they incurred in the previous four fiscals. New players are expected to add nearly one-third of the total existing capacity of 4.2 billion liters by fiscal 2025-end, the report added. Paint companies are likely to close FY23 with a robust 18 per cent revenue growth, primarily led by higher realizations on the back of a 6 per cent price hike during the year, along with the full impact of a 20 per cent price hike effected in the third quarter of FY22. Along with healthy volume growth, moderating crude-linked input prices will ensure operating margins to remain stable at 15-16 per cent in fiscal 2024, almost similar to the last fiscal, the agency said in the report based on the five top companies that account for 90 per cent of the ₹65,000-crore industry or 4.2 billion liters annual capacity now.

The Report Also Said Their Near Debt-Free Balance.

sheets will support credit risk profiles despite all major paint companies being on an aggressive capex spree. The domestic paints sector also comprises the decorative segment, which commands 80 per cent of the market. According to Anuj Seth, a senior director at the agency, paints demand normally grows at 1.6x-2x of GDP. Decorative paints are likely to see a revenue increase of 11-12 per cent this fiscal, driven by increasing renovation/construction activity and a greater preference for branded products. On the other hand, industrial paints will see 8-9 per cent revenue growth on the back of higher government spending on infrastructure and steady demand from the automotive segment, Sethi added. Since the key raw materials are crude-linked derivatives, the 30 per cent fall in crude oil prices from a high of USD 115 per barrel in June-July 2022 to USD 85 per barrel now will help boost the operating margins. But this will be largely offset by higher selling expenses due to aggressive sales push and increase in ad spend by industry leaders to counter competition from new entrants. Another margin risk is the falling rupee, which the agency sees trending at 82-83 a dollar, up from 80.2 in FY2023, impacting the cost of imported materials, which account for a third of overall their raw material requirements.

Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, said Real estate consultant Antirocker Chairman. Real estate industry expects housing demand to remain strong with the RBI keeping key interest rate unchanged and is hopeful for a repo rate cut in next round of monetary policy to boost growth. The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent. Commenting on the development, CREDAI National President Boman Irani said, “… We expect both housing supply and demand to sustain its ongoing momentum.” However, given that the inflation is at an 18-month low, there is scope for the RBI to reduce repo rates in the upcoming MPC meetings, to stimulate growth across all industries,” Irani added. Naredco President Rajan Bandelkar hailed the RBI move, saying it will help the housing sector that has been performing well from the past two years. “Nonetheless, the sector needed announcements that could further fuel the growth,” he added. With the festive season in tailwinds, Naredco Vice Chairman Niranjan Hiranandani said a hiatus in interest rate hike would boost sales velocity.

Real Estate Consultant Antirocker Chairman Anuj Puri Said,

“The unchanged repo rate can help maintain the momentum in housing sales, which has so far been firing on all cylinders in 2023.” Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, he added. Realty firm Signature Global Chairman Pradeep Aggarwal said this demonstrates a positive intent towards supporting the housing market and benefiting homebuyers. “…The pause in rate hikes will instil a sense of optimism among borrowers and we expect the housing sales momentum to continue,” India Sotheby’s International Realty MD Amit Goyal said. Atul Banshal, Director-Finance, Omaxe Ltd, hoped that the RBI would opt for a policy rate reduction in the next review meeting. Knight Frank India CMD Shishir Baijal said, “We believe that this status quo will facilitate positive decision-making for homebuyers.” Colliers India Head of Research Vimal Nadar said, “as home loan rates are already at elevated levels of 9 per cent and above, this is a significant breather for lenders, developers & homebuyers.” Savills India CEO Anurag Mathur said home loan EMIs will remain unchanged in the near-term, leading to sustained demand across various housing categories.

Lodhi Malabar has been the hottest luxury project in demand with high net worth buyers since its launch.
In yet another big property transaction, two directors of Kandoi Fabrics Pvt Ltd, a manufacturer of packaging fabrics and bags, have purchased two sea-facing 4,643 in Microteach Developers’ luxury project Lodhi Malabar project in Malabar Hill for a sum of ₹112.52 crore. Flat no 1101 in A wing of the project has been registered in the name of Kandoi Fabrics Pvt Ltd, and the agreement signed by Rajesh Vijaykumar Aggarwal, while flat 1201 in the same wing has been booked in the name of Rahul kumar Niranjan Kumar Aggarwal. Both are directors in Kandoi Fabrics Pvt ltd. The transactions were registered on June 1, 2023, and the purchasers paid a stamp duty of ₹3.57 crore each. Each apartment comes with four car parkings, according to registration documents accessed and shared by IndexTap.com In March, days before the norms for capital gains tax were scheduled to change from April 1, Rajesh Aggarwal and Pradeep Laxminarayan Aggarwal had purchased four apartments of 4,643 sq ft each on the sixth, seventh, eighth and ninth floors of A wing, which were purchased for a total sum of ₹217 crore. They had paid collective stamp duty of 13.02 crore for a net carpet area of 18,572 square feet and the flats came with 16 car parking’s. The per square foot rate for the March deal works out to ₹1,16,842 per square foot, while the latest transaction worked out at ₹1,16,865 per square foot. Apart from the Three Sixty West luxury project by Oberoi Realty in Worli, Lodha Malabar has been the hottest luxury project in demand with high net worth buyers since its launch. The project is a redevelopment project under construction scheduled for completion in 2026. The project came into news spotlight on March 10 when Bajaj Auto chairperson Niraj Bajaj purchased a triplex penthouse booking the 29th, 30th, and 31st floor sprawled across 18,008 square feet on March 10 for a sum of ₹252.50 crore. Industrialist JP Taparia, promoter of contraceptive manufacturer Famy Care ltd, broke Bajaj’s purchase record by buying six apartments in Tower A and B spanning 27,160.6 square feet at the cost of ₹369.55 crore. The flats were located on the 26th, 27th and 28th floor of the project.

Earlier, on March 27 And March 25, Madhav Goel And His.

brother and Saurabh Goel, director and executive advisor of Tufropes, a leading manufacturer of synthetic fibre rope and netting solutions, had purchased 9,546 square feet apartments on the 19th and 20th floor in Lodha Malabar for a sum of ₹121 crore each. On March 31, 41-year-old Neha Bagaria, the Bengaluru-based daughter of Anand Jain, chairman of Jai Corp Ltd, had purchased a 9,546 square feet apartment on the 22nd floor of Lodha Malabar for a sum of ₹121 crore. Lodha Malabar has topped the IndexTap Premier Leaque, a compilation of 10 top selling projects in each micro-market in Mumbai, with turnover of ₹1,200 crore from sale of just 10 units between January to March 2023. The Raheja Modern Vivarea, the latest towers of K Raheja group shaping up in Mahalaxmi, was second with an estimated sales revenue of ₹530 crore from the sale of estimated 34 units during the first quarter. Oberoi Three Sixty West had emerged as the highest revenue generator with ₹1,885 crore from the sale of 36 units during the same period in Central Mumbai micro-market. A big chunk of this or ₹1,238 crore was generated from the bulk purchase of 28 apartments by D’Mart Founder Radhakishan Damani registered on February 3, two days after the union budget which capped the capital gain tax benefit at ₹10 crore from April 1.

The report also said their near debt-free balance sheets will support credit risk profiles despite all major paint companies being on an aggressive capex spree. Continuing healthy demand from construction, real estate and automobile sectors will help the paint sector register a 10-12 per cent revenue growth this fiscal against an 18 per cent estimated rise in the just-concluded fiscal, according to a report. Volume expansion and the resultant cash generation will help paint companies maintain healthy balance sheets, which will also buffer credit profiles despite the rising capex, Crislip said in a report on Wednesday. The top five companies have announced ₹12,000 crore capex in fiscal 2023 and 2024 on the back of ₹7,000 crore they incurred in the previous four fiscals. New players are expected to add nearly one-third of the total existing capacity of 4.2 billion liters by fiscal 2025-end, the report added. Paint companies are likely to close FY23 with a robust 18 per cent revenue growth, primarily led by higher realizations on the back of a 6 per cent price hike during the year, along with the full impact of a 20 per cent price hike effected in the third quarter of FY22. Along with healthy volume growth, moderating crude-linked input prices will ensure operating margins to remain stable at 15-16 per cent in fiscal 2024, almost similar to the last fiscal, the agency said in the report based on the five top companies that account for 90 per cent of the ₹65,000-crore industry or 4.2 billion liters annual capacity now.

The Report Also Said Their Near Debt-Free Balance Sheets.

will support credit risk profiles despite all major paint companies being on an aggressive capex spree. The domestic paints sector also comprises the decorative segment, which commands 80 per cent of the market. According to Anuj Seth, a senior director at the agency, paints demand normally grows at 1.6x-2x of GDP. Decorative paints are likely to see a revenue increase of 11-12 per cent this fiscal, driven by increasing renovation/construction activity and a greater preference for branded products. On the other hand, industrial paints will see 8-9 per cent revenue growth on the back of higher government spending on infrastructure and steady demand from the automotive segment, Seth added. Since the key raw materials are crude-linked derivatives, the 30 per cent fall in crude oil prices from a high of USD 115 per barrel in June-July 2022 to USD 85 per barrel now will help boost the operating margins. But this will be largely offset by higher selling expenses due to aggressive sales push and increase in ad spend by industry leaders to counter competition from new entrants. Another margin risk is the falling rupee, which the agency sees trending at 82-83 a dollar, up from 80.2 in FY2023, impacting the cost of imported materials, which account for a third of overall their raw material requirements.

Real estate consultant Ana rock’s data suggests that 5,57,900 homes are scheduled for completion. In 2022, 4,02,000 units were scheduled to be completed. Real estate developers are expected to complete nearly 5.58 lakh homes this year across seven major cities as builders focus on accelerating the pace of construction activities, according to Antilock. Real estate consultant Ana rock’s data suggests that 5,57,900 homes are scheduled for completion during 2023. In the 2022 calendar year, 4,02,000 units were scheduled to be completed. The consultant did not mention whether builders were able to meet their 2022 target or not. Antilock said that the number of homes to be completed is higher because of several factors including realty law RERA, better cash flow amid rise in housing sales, use of latest technologies in construction activities and also increased funding from financial institutions. The developers are trying to avoid delay in completion of projects as it leads to cost overrun, the consultant added. Antilock Vice Chairman Santhosh Kumar said, “As per scheduled completion records, approx. 5.6 lakh homes are likely to be delivered across the top 7 cities in 2023. This is an increase of 39 per cent over the previous year.” As per the data, the maximum completion of housing projects is expected in Delhi-NCR followed by Mumbai Metropolitan Region (MMR).

In Delhi-NCR, Builders are Likely to Complete.

1,70,100 homes this year as against 86,300 units scheduled in the previous year. The completion of homes in MMR is likely to be 1,31,400 units, as against 1,26,700 units. Pune may see completion of 98,400 units, as against scheduled delivery of 84,200 units during 2022. The completion in Bengaluru is seen at 80,100 units this year, as against scheduled 48,700 units in 2022. Kolkata is likely to witness completion of 36,700 units this year, as against scheduled 23,200 units in the previous year. Realtors may complete 23,800 homes in Hyderabad during 2023. They promised to complete 11,700 units in the previous year. In Chennai, the scheduled completion of homes is 17,400 units this year, a decline from the scheduled completion of 21,200 homes in the previous year. “The introduction of realty law RERA has weeded out non-serious developers from the market, leaving only those who are committed to delivering projects on time and ensuring customer satisfaction,” Signature Global Chairman Pradeep Aggarwal said. Atul Bansal, Director Finance, Ohmae Ltd, said the company focuses on completion of projects and is delivering an average of 3-4 million square feet area every year.

Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, said Real estate consultant Antilock Chairman. Real estate industry expects housing demand to remain strong with the RBI keeping key interest rate unchanged and is hopeful for a repo rate cut in next round of monetary policy to boost growth. The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent. Commenting on the development, CREDAI National President Bowman Iran said, “… We expect both housing supply and demand to sustain its ongoing momentum.” However, given that the inflation is at an 18-month low, there is scope for the RBI to reduce repo rates in the upcoming MPC meetings, to stimulate growth across all industries,” Iran added. Norelco President Ranjan Bandler hailed the RBI move, saying it will help the housing sector that has been performing well from the past two years. Nonetheless, the sector needed announcements that could further fuel the growth,” he added. With the festive season in tailwinds, Norelco Vice Chairman Niranjan Hiranandani said a hiatus in interest rate hike would boost sales velocity. Real estate consultant Antilock Chairman Anuj Puri said, “The unchanged repo rate can help maintain the momentum in housing sales, which has so far been firing on all cylinders in 2023.” Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, he added.

Realty Firm Signature Global Chairman Pradeep.

Aggarwal said this demonstrates a positive intent towards supporting the housing market and benefiting homebuyers. “…The pause in rate hikes will instill a sense of optimism among borrowers and we expect the housing sales momentum to continue,” India Sotheby’s International Realty MD Amit Goyal said. Atul Bansal, Director-Finance, Ohmae Ltd, hoped that the RBI would opt for a policy rate reduction in the next review meeting. Knight Frank India CMD Shisha Baikal said, “We believe that this status quo will facilitate positive decision-making for homebuyers.” Colliers India Head of Research Vimal Nadar said, “as home loan rates are already at elevated levels of 9 per cent and above, this is a significant breather for lenders, developers & homebuyers.” Savills India CEO Anurag Mathur said home loan EMIs will remain unchanged in the near-term, leading to sustained demand across various housing categories.

Real estate consultant Ana rock’s data suggests that 5,57,900 homes are scheduled for completion. In 2022, 4,02,000 units were scheduled to be completed. Real estate developers are expected to complete nearly 5.58 lakh homes this year across seven major cities as builders focus on accelerating the pace of construction activities, according to Antilock. Real estate consultant Ana rock’s data suggests that 5,57,900 homes are scheduled for completion during 2023. In the 2022 calendar year, 4,02,000 units were scheduled to be completed. The consultant did not mention whether builders were able to meet their 2022 target or not. Antilock said that the number of homes to be completed is higher because of several factors including realty law RERA, better cash flow amid rise in housing sales, use of latest technologies in construction activities and also increased funding from financial institutions. The developers are trying to avoid delay in completion of projects as it leads to cost overrun, the consultant added. Antilock Vice Chairman Santhosh Kumar said, “As per scheduled completion records, approx. 5.6 lakh homes are likely to be delivered across the top 7 cities in 2023. This is an increase of 39 per cent over the previous year.”

As Per The Data, The Maximum Completion of Housing.

projects is expected in Delhi-NCR followed by Mumbai Metropolitan Region (MMR). In Delhi-NCR, builders are likely to complete 1,70,100 homes this year as against 86,300 units scheduled in the previous year. The completion of homes in MMR is likely to be 1,31,400 units, as against 1,26,700 units. Pune may see completion of 98,400 units, as against scheduled delivery of 84,200 units during 2022. The completion in Bengaluru is seen at 80,100 units this year, as against scheduled 48,700 units in 2022. Kolkata is likely to witness completion of 36,700 units this year, as against scheduled 23,200 units in the previous year. Realtors may complete 23,800 homes in Hyderabad during 2023. They promised to complete 11,700 units in the previous year. In Chennai, the scheduled completion of homes is 17,400 units this year, a decline from the scheduled completion of 21,200 homes in the previous year. “The introduction of realty law RERA has weeded out non-serious developers from the market, leaving only those who are committed to delivering projects on time and ensuring customer satisfaction,” Signature Global Chairman Pradeep Aggarwal said. Atul Bansal, Director Finance, Ohmae Ltd, said the company focuses on completion of projects and is delivering an average of 3-4 million square feet area every year.