Respite likely for realty firms in December quarter

14 Jan 2013 CW Staff

According to data from brokerage firms show that real estate companies, battling low volumes and poor cash flows, should see improvement in the December quarter, due to launches and festive sales. The low base of the corresponding quarter of the previous financial year is also expected to help.

Companies in the sector are expected to see 14 per cent growth in sales and 16 per cent in net profit in the third quarter of 2012-13, data culled from six brokerages show.

In the September quarter, realty companies posted a decline of 23.5 per cent in net profit and 11.9 per cent in net sales, as buyers deferred buying homes due to high prices and interest rates. The low base of the corresponding quarter of the previous financial year is expected to help firms see improvement in the quarter. Companies in the sector are expected to see 14 per cent growth in sales and 16 per cent in net profit in the third quarter of 2012-13.

Quick approvals for projects in Mumbai and the recent slew of launches there, in Bangalore and the National Capital Region are likely to have a positive impact. According to equity brokerage Maybank Kim Eng Securities, project launches rose 30 per cent to Rs 6,000 crore in the third quarter of FY13 and construction work has picked up in most ongoing projects, with the largest progress shown by DLF, Oberoi Realty and Sobha Developers.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..