NEW DELHI: According to rating agency ICRA, housing sales increased 11% in volume across seven cities in the third quarter of this fiscal year due to stronger demand. “The reported sales in Q3 FY2023 in the top seven cities in India were 149 million square feet (msf), the highest quarterly sales recorded in over ten […]
In Q3 FY23, housing sales increased 11% in volume across seven cities, according to ICRA.more
ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]
ICRA predicts overall real estate inventory to decrease by 40-60%.more
The Delhi High Court on Friday restricted a private credit rating firm, ICRA Ltd, from allowing the Indiabulls Housing Finance Ltd (IHFL) credit score public until April 6. Justice Sanjeev Sachdeva’s interim direction came on a request to stop ICRA Ltd from downgrading IHFL’s credit score for failing to include any details the credit rating […]
High Court restricts ICRA ltd from publishing Indiabulls Housing Finance Ltd credit score.more
With a growing number of projects in the infrastructure market, new order inflows for the construction companies will increase in 2020, rating agency Icra said on Tuesday. Nevertheless, Icra has given a positive view for the construction sector, noting that land acquisition delays, financial issues and state government preferences pose a threat to new order […]
ICRA Report: Construction Industry to see an uptrend in new order inflows.more
A report from ICRA demonstrates that the total exposure of debt to the real estate sector has grown by 38% since the financial year 2017. But on the other hand, the debt levels for primary realty players on the list have fallen by 25% in the same period. The report showed that major listed real […]
ICRA report: Debt exposure of top realty firms reduces by 25% in the last three years.more
By Realty Quarter Bureau By improving demand, domestic cement output grew 6.3 per cent to 298 million tonne (MT) in 2017-18, according to credit rating firm Icra. It also said that going by the prevalent trend, the growth momentum is expected to continue in the current financial year and the industry is likely to report a growth of 6 %. […]
ICRA reports cement output growth 6.3% in FY18more By Realty Quarter Bureau For the ongoing fiscal, ICRA said, demand is expected to grow around 3 per cent based on current trends as in December 2017, production increased 8.4 per cent month-on-month. Cement demand in India is likely to grow about 4.5 per cent in 2018-19 on the back of pick-up in housing segment, and […]
Cement demand to see 4.5% growth in FY19: ICRAmore