عالمی ریئل اسٹیٹ خبریں

New Delhi | ReNews Pakistan

Indian real estate developer Godrej Properties has reported a sharp decline in quarterly profit as rising construction and raw material costs weighed on its financial performance.

According to Reuters, the company's results, reported on October 23, highlight the increasing pressure that project development expenses are placing on property developers despite continued demand for residential housing.

Higher input costs affected profitability, demonstrating that strong housing demand does not necessarily translate into improved earnings when construction expenses rise at a faster pace.

The results underline the importance of construction budgets, material procurement and project pricing in determining financial returns for residential developers.

For India's property sector, managing input costs while maintaining competitive selling prices remains a significant commercial consideration.

The company's performance also illustrates why developers and investors must assess profitability alongside housing sales, project bookings and broader market demand.

Continued increases in construction expenses could prompt developers to review project pricing, procurement strategies and cost management practices to protect investment returns.

London | ReNews Pakistan

British Land has paused the second phase of its Canada Water regeneration project in south London, citing slow apartment sales, rising construction expenses and challenging property market conditions.

The developer completed the first phase earlier this year but has decided to defer further construction until market conditions improve.

The Canada Water regeneration scheme covers approximately 53 acres and had planning approval for more than 4,000 homes alongside commercial and community facilities.

The company may reconsider the project's development mix, potentially reducing the number of residential apartments while increasing commercial space.

The decision comes amid broader pressure on London's housing development sector, where labour shortages, higher material costs, regulatory requirements and weak sales have affected project viability.

Other major developers have also delayed, reduced or abandoned residential developments as they reassess investment returns.

Land Securities recently abandoned a redevelopment proposal for Lewisham shopping centre valued at approximately £1.5 billion, citing difficulties in achieving a viable development.

London continues to face a substantial housing supply challenge. Industry figures indicate that construction began on only 2,876 homes during the second quarter of 2026, against a government target of 88,000 additional homes annually.

The latest development highlights the growing gap between London's housing requirements and the commercial conditions needed to deliver new residential projects.

For developers and investors, construction costs, sales absorption and financing viability remain critical factors influencing decisions on major urban regeneration schemes.

Washington | ReNews Pakistan

US President Donald Trump has signed an executive order aimed at reducing the cost of homeownership by addressing mortgage insurance expenses, refinancing requirements and interest rates on certain government-backed housing loans.

The order, signed on October 22, directs the Federal Housing Finance Agency to introduce a pilot programme allowing eligible borrowers to cancel mortgage insurance premiums when their home equity meets specified requirements based on current property values.

The administration has also moved to make permanent an existing pilot programme that waives certain title insurance requirements during mortgage refinancing.

Another component of the initiative involves establishing a task force to encourage innovation in manufactured housing and expand the range of factory-built homes eligible for federal housing programmes.

The order also directs the departments responsible for agriculture and veterans affairs to pursue lower interest rates on qualifying single-family housing loans.

The measures come as the US housing market continues to face affordability challenges caused by elevated property prices and expensive mortgage financing.

Official figures indicate that single-family housing starts declined by 4.6 percent in September, while building permits fell by four percent.

The ultimate impact on homebuyers will depend on the implementation of the new measures, eligibility requirements and broader mortgage market conditions.

Washington | ReNews Pakistan

US President Donald Trump has signed an executive order aimed at reducing the cost of homeownership by addressing mortgage insurance expenses, refinancing requirements and interest rates on certain government-backed housing loans.

The order, signed on October 22, directs the Federal Housing Finance Agency to introduce a pilot programme allowing eligible borrowers to cancel mortgage insurance premiums when their home equity meets specified requirements based on current property values.

The administration has also moved to make permanent an existing pilot programme that waives certain title insurance requirements during mortgage refinancing.

Another component of the initiative involves establishing a task force to encourage innovation in manufactured housing and expand the range of factory-built homes eligible for federal housing programmes.

The order also directs the departments responsible for agriculture and veterans affairs to pursue lower interest rates on qualifying single-family housing loans.

The measures come as the US housing market continues to face affordability challenges caused by elevated property prices and expensive mortgage financing.

Official figures indicate that single-family housing starts declined by 4.6 percent in September, while building permits fell by four percent.

The ultimate impact on homebuyers will depend on the implementation of the new measures, eligibility requirements and broader mortgage market conditions.