Real Estate Archives - Page 4 of 5

Gigamon expands operations in Chennai with new office

Gigamon, the US-based leader in deep observability, has opened a 76,767 sq ft office in the new Olympia Cyber Space

CBRE-CII Report: Realty boom in south with leasing increasing in Chennai, Bengaluru, Kochi, Hyderabad

The real estate market in the South is geared for substantial growth, driven by increasing leasing activities in Chennai, Bengaluru,

MahaRERA fines over 600 housing projects in Mumbai, Pune & Nagpur for not displaying registration numbers

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken suo motu action against 628 housing projects across the state for

Signature Global Q1 sales bookings jump 3.5 times on strong demand

Realty firm Signature Global on Sunday reported a 3.5 times jump in sales bookings to ₹3,120 crore for the April-June

AP govt to supply sand free of cost, to unveil new policy next week

In a significant policy move, the Andhra Pradesh government will implement free supply of sand within a week. A decision in

Raymond board approves real estate business demerger

Raymond has demerged its real estate business into its wholly owned subsidiary under Raymond Realty. Upon completion of this demerger,

Mahindra Lifespaces closes deals worth ₹2,050 cr in Mumbai, Bengaluru

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has announced the closure of two

Bengaluru residential market sees 57% increase in average prices: ANAROCK

Bengaluru residential prices rose by 57 per cent in the last five years, owing to soaring construction costs coupled with

Real estate trends: Pan-India home prices increase, office rentals up

Home prices have become more costlier in the first half of 2024, with a nearly 6 per cent rise pan-India,

Cement volume growth expected to remain muted at 3% in Q1: ICRA

Rating agency ICRA expects cement volume growth in the June quarter to remain muted at 2-3 per cent year-on-year due

Puravankara expands with 7.26-acre acquisition in Hebbagodi, Bengaluru

Puravankara Limited, a realty major headquartered in Bengaluru has announced the acquisition of a 7.26-acre land parcel in Hebbagodi, Bengaluru.

Godrej Properties sells home over 2000 homes worth ₹3,150 crore in Bengaluru

Real estate major Godrej Properties said it has sold 2,000 homes worth over ₹3,150 crore at the launch of its

Godrej Properties to develop luxury apartments in North Bengaluru’s Thanisandra

Godrej Properties Limited, a real estate developer, has acquired seven acres of land in Thanisandra, North Bengaluru. The land acquired

RMZ Corp to sell One Paramount in Chennai to Keppel for ₹2,100 crore

Real estate developer RMZ Corp and CPP Investments have signed an agreement to sell one of their prime office complexes,

Mumbai June property registrations up 12% YoY but down 3.6% MoM

Property registrations in Mumbai in June rose over 12 per cent on year but fell 3.6 per cent sequentially with

Fall in home sales and office leasing in Q2 not indicative of slowdown, say property consultants

Two sets of data that came out last week on the real estate sector showed some indications of a slowdown

Mitsui O.S.K Lines’ Daibiru Corporation enters India’s real estate sector, invests $123.5 mn in Delhi’s Atrium project

Japanese shipping major Mitsui O.S.K. Lines, Ltd’s group company, Daibiru Corporation, has forayed into India’s real estate business with an

Tamil Nadu’s SIPCOT aims to provide sustainable housing for industrial workers

State Industries Promotion Corporation of Tamil Nadu (SIPCOT) has formed a Special Purpose Vehicle – Tamil Nadu Industrial Housing Private

Smartworks raises ₹168 crore from Keppel, Plutus Capital and others

Managed workspace platform Smartworks has raised ₹168 crore this year from investors, including Keppel, Ananta Capital Ventures Fund I, Plutus

Godrej Capital to enter affordable home loan segment this year

Godrej Capital, the lending arm of the Godrej Industries group, is planning to enter the affordable housing loan segment even

Mumbai, Bengaluru drive office leasing in H1; Chennai, Pune, Delhi see dips

The first half of 2024 saw office leasing of 29.4 million square feet, driven by demand mainly in Mumbai and

Market for business parks in Kolkata picked up in last couple of years: Harshavardhan Neotia

The market for business parks in Kolkata has picked up in the last couple of years and real estate major

Sattva group, Bain Capital to float platform to build co-living assets

Bengaluru-based Sattva group is on the verge of signing an agreement with Bain Capital to set up a platform that

Century Textiles’ Birla Estates expands its presence in Pune

Birla Estates Pvt. Ltd., a wholly-owned subsidiary of Century Textiles and Industries, and the real estate venture of the Aditya

Stakeholders red flag skyrocketing cost of office space in GIFT IFSC

Ahmedabad Stakeholders have red-flagged the rapidly rising prices of office spaces in GIFT City in Gujarat. The demand-supply mismatch —

Indian fashion retail sector dominates leasing activity in Q1 2024

The fashion and apparel sector dominated retail store leasing in the first quarter of 2024 contributing 40 per cent to

Mahindra Lifespace targets ₹8-10,000 crore sales of housing, industrial spaces by FY28

Realty firm Mahindra Lifespace Developers Ltd is targeting a sharp increase in its annual sales of housing properties and industrial

Landeed raises funds from Paradigm Shift VC

Landeed, a property title search engine platform, has raised funds from Paradigm Shift VC. The Hyderabad-based startup raised $8.3 million

NCLT orders insolvency proceedings against Supertech Realtors over ₹168 crore default

The National Company Law Tribunal (NCLT) has ordered initiating an insolvency proceeding against Supertech Realtors, which is developing a residential

Leading listed realtors see a boom in pre-sales in FY24

Thirteen leading listed real estate players have sold an area of over 100 million square feet in FY24 worth over

WeWork India launches flex workspace facility in Chennai

WeWork India, a provider of flexible workspace, expanded its footprint in the country by launching its facility – Olympia Cyberspace –

Tribeca Developers plans more Trump luxury home launches across India

Tribeca Developers, an exclusive licensee of Trump Organisation-branded luxury properties in India, plans more launches across the country. “Gurgaon will

DRA Homes plans upscale apartment project in Chennai

DRA Homes, a real estate developer in Chennai, has planned to develop 400 upscale sea-view apartments on OMR, Chennai. The

ARCs to see 500-700 bps improvement in cumulative recovery rate for stressed residential real estate projects: CRISIL Ratings

Asset reconstruction companies (ARCs) are set to see a 500-700 basis points (bps) increase in the cumulative recovery rate for

Raymond eyes ₹25,000 cr revenue from real estate business

Gautam Hari Singhania-led Raymond has the potential to generate a revenue of ₹25,000 crore through development of its land bank

Birla Estates to develop housing project in Gurugram with revenue of ₹5,000 cr

Birla Estates, the realty arm of Aditya Birla Group’s Century Textiles and Industries, will develop a 13.27-acre land parcel in

Nearly 90 retail properties covering 450 lakh sq ft space to come up by 2028: Report

Nearly 90 retail real estate properties, comprising around 450 lakh square feet of space, are expected to come up by

Puravankara acquires 12.75-acre land parcel in Thane for high-end residential project

Bengaluru-based Puravankara has acquired a 12.75-acre land parcel in Thane that would have an estimated carpet area of 18.20 lakh

Mumbai property registrations in May up 20% y-o-y

Around 11,800 properties were registered in Mumbai in May, rising by a fifth on year and 1 per cent up

Mumbai property registrations in May up 20% y-o-y

Around 11,800 properties were registered in Mumbai in May, rising by a fifth on year and 1 per cent up

Aadhar Housing Finance consolidated net up 38% in FY24 at ₹750 crore

Aadhar Housing Finance Limited (AHFL) on Wednesday reported a 38 percent increase in consolidated net profit for the fiscal year

New supply of homes, costing ₹60 lakh each, dips 38% across top 8 cities in Jan-Mar: PropEquity

New supply of affordable homes priced up to ₹60 lakh each, declined 38 per cent, across eight major cities to

Pune’s residential sales up 56% in Q1 2024

Pune’s real estate market witnessed a growth in transactions and overall sales value in the first quarter of 2024. According

New home launches continue to lag sales, prices remain buoyant

New housing supply continued to lag demand in April as real estate developers slowed down the launch momentum resulting in

Shriram Properties signed JDA for 4 acre development in Bengaluru

Shriram Properties Limited entered a Joint Development Agreement (JDA) for a 4-acre land parcel in Yelahanka, Bengaluru. The project will

Asset Homes retains Crisil DA2+ rating

Asset Homes, the Kochi-based real estate developer, has retained the Crisio DA2+ rating for the fourth year in a row,

Kolkata’s first-ever business park receives encouraging response

Kolkata’s first-ever integrated business park has received encouraging responses so far, with over 35 per cent booking of total saleable

Signature Global buys 14.65-acre land in Dwarka Expressway, Gurugram

Realty firm Signature Global has bought 14.65 acres of land in Gurugram to develop a housing project as part of

Godrej Properties acquires 10 land parcels in FY24 to build ₹21k crore worth projects

In a bid to expand the business, Godrej Properties acquired 10 land parcels, of which eight were outright, last financial

Indian REITs expanding rapidly as office demand surges

All metrics of office demand in India are showing positive momentum and responding to this, real estate investment trusts are

DLF rental arm DCCDL’s office rental income rises 7% in FY24

DLF’s joint venture firm DCCDL‘s rental income from office buildings increased 7 per cent annually to ₹3,460 crore in the

Brookfield India Real Estate Trust acquires 50% stake in Grade A assets from Bharti Enterprises

Brookfield India Real Estate Trust (BIRET) has signed binding agreements to acquire a 50 per cent stake in four Grade

Brookfield REIT Q4 Results: NOI jumps 89%; buys 50% stake in assets from Bharti group

Brookfield India Real Estate Trust reported an 89 per cent increase in net operating income in the fourth quarter of

DLF eyes improved cash flows, higher margins, with focus on super-luxury projects

Real estate major, DLF, which has guided for nearly 20 per cent year-on-year (y-o-y) increase in sales bookings to ₹17,000

Despite challenges, redevelopment projects in Mumbai are a honeypot for builders

Last week, Raymond Ltd honcho Gautam Singhania pointed out that Mumbai was built 60-80 years ago, and a large part

DLF net profit up 60 per cent in Q4 FY24

Realty major, DLF Ltd reported an over 60 per cent rise in consolidated net profit to ₹920 crore for the

India’s Shapoorji Group seeks more time to clear bondholder payments

Indian realty firm, Shapoorji Pallonji Group has sought more time, to meet some payment obligations from bondholders of group company

449 infra projects hit by cost overrun of ₹5.01 lakh cr in March: MoSPI

As many as 449 infrastructure projects, each entailing an investment of ₹150 crore or above, were hit by cost overrun

More ghost malls in the making as consumers shun poorly managed shopping centres

The number of ghost shopping malls with vacancy of over 40 per cent rose to 64 in 2023 from 57

Blackstone-backed Nexus Select shopping for more malls

Blackstone-sponsored Nexus Select Trust is planning to acquire more malls in major and strategic locations across the country, as part

Nexus Select expects to post 9% growth in net operating income in FY25

Blackstone-sponsored Nexus Select Trust is poised to report 9 per cent growth in its net operating income (NOI) and 9-10

ESR looks to grow its India portfolio, defers partial exit plans

Asia Pacific-focused real asset manager ESR Group, which was previously looking for a partial exit and dilution of its logistics

DLF Privana West sold out in 3 days at over ₹5500 crore

DLF Ltd, the country’s largest real estate company, on Thursday said, ‘DLF Privana West,’ — its latest luxury residency project —

Lenders and infra players push for linking project status to loan financing norms

Lenders and infrastructure sector players plan to seek relaxation in provisioning norms, and lengthening of moratorium on repayments, among others,

16% YoY surge in rents across 13 major Indian cities, Greater Noida, Gurugram lead: Magicbricks Report

Magicbricks has released its rental update for January-March 2024, indicating a surge in rents across 13 major Indian cities. The

Microsoft boost to data centre base in Hyderabad

Hyderabad, which is emerging as a key data centre hub, gets a shot in the arm with Microsoft expanding the

Godrej Properties Q4 net profit up 14%

Godrej Properties reported a 14 per cent increase in its net profit in the fourth quarter of FY24. The company’s

Home loan outstanding up by ₹10 lakh cr in last 2 yrs; reaches ₹27 lakh cr in March: RBI data

Credit outstanding to the housing sector rose by nearly ₹10 lakh crore in the last two fiscals to reach a

Birla Estates’ new project Silas clocks over ₹2,500 crore sales

Birla Estates, a wholly-owned subsidiary of Century Textiles and Industries and the real estate venture of the Aditya Birla Group,

Raymond Q4 PAT up 18% YoY, revenue rises 21%

Raymond Ltd reported net profit of ₹229.2 crore in Q4, up 18 per cent on year and revenue that rose

CapitaLand Investment Trust to buy 2.5 msf area in Hyderabad’s Hitec City

Singapore-listed CapitaLand Investment Trust (CLINT) has entered into a forward purchase agreement to acquire Phoenix Group’s IT buildings in Hitec

Aptus Value Housing posts 21% rise in Q4 consolidated PAT

Aptus Value Housing Finance Ltd has reported a 21 per cent increase in consolidated profit after tax at ₹164 crore for

Fractional platform hBits to register as ‘small, medium REIT’

Fractional ownership platform hBits plans to register with the Securities and Exchange Board of India as a ‘small and medium

Mindspace REIT sees record leasing in Q4

Mindspace Business Parks REIT reported a 9.3 per cent rise in net operating income (NOI) in the fourth quarter of

Indiabulls Real Estate loss widens to ₹1,038 cr in FY24

Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at ₹1,038.65 crore for the last fiscal year.

Mahindra Lifespace FY24 profit falls marginally to ₹98 cr

Mahindra Lifespace Developers Ltd has reported a marginal decline in consolidated net profit to Rs 97.89 crore during the last

Single-owned office assets attract premium rents versus strata-owned

Traditionally India’s office space is dominated by office buildings that are strata-owned, leading to poorly managed office spaces, but that

Home interior solutions brand DesignCafe aims to expand presence to 20 cities

Home interior solutions brand, DesignCafe has turned EBITDA profitable in March on the back of focus on improving gross margins

Embassy REIT guides for lower leasing in FY25

Embassy Office Parks REIT has guided for 5.4 msf of gross leasing in FY25, despite exceeding its FY24 target by

Eldeco and HDFC Capital announces ₹350-cr funding in joint platform

Real estate company, Eldeco Infrastructure and Properties Ltd and one of the largest real estate fund managers in India, HDFC

64% HNI investors prefer fractional ownership investment model in CRE: Neo-realty survey

The 2024 edition of the Neo-Realty survey by WiseX, a Neo-realty investments platform, stated that 60 per cent of overall

Proptechs are mushrooming riding the dizzy real estate wave

The demand momentum in the real estate market, especially the residential segment, has spurred the growth of real estate startups,

MahaRERA flags 212 projects for lack of construction updates, raising concerns

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has flagged 212 projects in the state, launched during January to April 2023,

IndoSpace starts work on $700-800 million InvIT, to list next year

Everstone-backed IndoSpace, which develops and manages industrial and logistics parks in India, has started work on floating an infrastructure investment

Oberoi Realty sales bookings decline 53% in FY24 on high base

Oberoi Realty’s sales bookings have declined 53 per cent to ₹4,007 crore in the last financial year on higher base.

Land deals on upswing; 721 acres closed in Jan-March, nearly 3,000 acres in FY24: Anarock

Builders and other entities have closed at least 29 land deals involving 721 acres during January-March this year to expand

Realty developer TARC reports 200 per cent growth in pre-sales

Real estate company, TARC Ltd, saw a 200 per cent y-o-y growth in pre-sales to ₹1,612 crore for FY24, while

Average room rates to continue to be elevated in FY25 by 7-8 per cent

The Indian hospitality sector is optimistic about the future, with experts predicting a further increase in average room rates (ARRs)

Offshoring companies lead office leasing in India, Knight Frank report says

Offshoring companies, led by Global Capability Centres (GCCs), have leased over 46 per cent of the office space in India

Quess Corp chairman buys property in Bengaluru for ₹67.5 crore

In one of the most expensive real estate deals in Bengaluru, Ajit Isaac, Chairman and managing director of Quess Corp,

Brigade Enterprises achieves record presales of ₹6,013 crore in FY24

Real estate major Brigade Enterprises Limited has reported the highest presales in a fiscal year, with ₹6,013 crore in FY24

Two flats in Lodha Malabar sold for ₹270 crore

The demand for luxury residences continues unabated in Mumbai, the biggest property market in the country in terms of value.

Accor is aiming for the second spot in the Indian hospitality market: APAC, CEO, Duncan O’Rourke

French hospitality leader Accor is setting ambitious goals for India. Currently holding the number three spot by room count, Accor

K Raheja Corp buys Sobo Central for ₹476 cr under debt resolution scheme

K Raheja Corp Real Estate has acquired the land and buildings of Crossroad Condominium in Mumbai’s Haji Ali area, previously

Greenbase Industrial plans fresh investment of ₹800 cr at Oragadam near Chennai

Greenbase Industrial & Logistics Parks, a joint venture between Niranjan Hiranandani-led Hiranandani Group and US-based private equity major Blackstone Group,

NCLAT rejects insolvency plea against Parsvnath Landmark Developers

The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by four unit buyers of Parsvnath Landmark Developers

Headroom for home prices to rise in the near term, says Godrej Properties CEO

There is headroom for home prices to rise in the near term, but forecasting for a longer term would be

Mumbai Real Estate: Raymond Realty has projects worth ₹30,000-crore revenue potential

Gautam Singhania-owned Raymond Realty is currently working on residential projects with gross revenue potential of ₹30,000 crore, bulk of which

NCR contributes nearly half of Godrej Properties’ sales in FY24

Nearly half of Godrej Properties sales in FY24 have come from the National Capital Region and the Mumbai Metropolitan Region

Blackstone evaluating potential hotel buys in ₹300-400 cr range

Blackstone Inc is looking at investing in the hospitality sector in India and according to sources, is already evaluating two

Indiabulls Real Estate to raise ₹3,911 crore from Blackstone Group, Embassy Group & others

Indiabulls Real Estate said its board has approved raising ₹3,911 crore through the issuance of shares and warrants to investors,

Macrotech Developers trims debt by 55% to ₹3,010 crore in March quarter

Realty firm Macrotech Developers Ltd has reduced its net debt by 55 per cent in the fourth quarter of the

Embassy REIT to raise ₹2,500 cr, to buy 5 msf tech park in Chennai

Embassy Office Parks REIT plans to raise ₹2,500 crore via equity through an institutional placement. This money will partly fund

Embassy Group invests ₹1,160 crore in Indiabulls Real Estate

Embassy Group, the largest shareholder in Indiabulls Real Estate, has invested ₹1,160 crore through a preferential allotment of shares and

Office space absorption in Hyderabad up by 46 per cent in Q4: Report

In a significant rebound, office space leasing in Hyderabad has gone up by 46 per cent in the fourth quarter

Home sales rise 9% year-on-year in Q1 2024, office leasing up 43%: report

The first quarter of 2024 saw a 9 per cent rise in home sales at 86,345 units across top eight

How do I negotiate the price of a property in Belize?

Negotiate the Price of a Property in Belize Whether investing in Belize real estate is a wise financial move depends

Sunteck Realty leases building in BKC to Bennet Coleman for 29 years

Sunteck Realty Ltd has leased out a commercial building in Mumbai’s business district, Bandra Kurla Complex, to Bennet, Coleman &

443 infra projects hit by cost overrun of ₹4.92 lakh crore in Feb

As many as 443 infrastructure projects, each entailing an investment of ₹150 crore or above, were hit by a cost

Mumbai property registrations up 6.8% in March

Properties registered in Mumbai rose over 6.8 per cent on year to a little over 14,000 units in March on

Prestige Estates secures ₹2,001 crore investment deal with ADIA, Kotak AIF

Prestige Estates Projects has entered into a deal with Abu Dhabi Investment Authority and Kotak AIF to invest ₹2,001 crore

Housing sales in Gurugram down 12% during Jan-March: Report

Housing sales in Gurugram fell 12 per cent y-o-y in January-March, while the demand for residential properties increased in Noida

Unsold homes in nine cities down 7 per cent in last three months; 12 per cent fall in NCR: Report

Unsold housing inventories fell 7 per cent in the last three months across nine major cities to around 4.81 lakh

Real estate developer Concorde acquires 4.5 acres land in Bengaluru for ₹100 crore

Concorde, one of Bengaluru’s real estate developers, announced a strategic investment of ₹ 100 crore in 4.5 acres of land

BFSI dominate GCC oriented transactions in Chennai 2023: Knight Frank India

The burgeoning trend of Global Capacity Centres (GCC) focused transactions in Chennai’s commercial real estate market has taken centre stage.

GIC, Blackstone property deal breaks down over pricing

Talks between Singapore’s sovereign wealth fund GIC and global asset manager Blackstone Inc for a property sale broke down over

Mumbai Region’s housing boom defies rising property prices: ANAROCK

A new research by ANAROCK property consultants has shown that the residential real estate market in the Mumbai Metropolitan Region

Office space absorption surges across 4 top cities in Q1, Chennai reports decline

Chennai market has reported a decline in office space absorption during the first quarter of 2024, while other major cities

India’s flex workspace market set to grow to $9 billion by 2028: report

India’s commercial real estate market is expected to see strong adoption of flex workspaces in the coming years as the

DRA Homes forays into commercial development

DRA Homes, a real estate developer in Chennai, has announced its foray into commercial development. It has emerged as the

Land Deals in India: 3000 Acres Set for FY24

Land deals in India are set to touch 3,000 acres in FY24, up 59 per cent from last year, as

Indian REITs seek RBI approval for bank borrowing to fuel growth

Indian REITs Association, the newly formed body that has the country’s four listed real estate investment trusts as its members,

Indian REITs seek equity classification for greater investor acceptance

Indian real estate investment trusts seek to be classified as equity and included in the equity indices as they look

Maharashtra RERA proposes mandatory separate bank accounts for real estate developers

The Maharashtra Real Estate Regulatory Authority has floated a discussion paper that mooted that real estate developers should open three

Real estate sector may touch $1.3tn by 2034: CREDAI Report

The real estate sector is estimated to reach a market size of $1.3 trillion by 2034 and $5.17 trillion by

IndoSpace launches its first in-city warehousing facility in Mumbai

IndoSpace, one of India’s largest industrial and logistics real estate developer, has launched its first in-city warehousing facility in Mumbai

Bhive Workspace rents space in Adani Inspire in Mumbai’s BKC at ₹1.39 cr per month

Bengaluru-based Bhive Workspace, a co-working operator, has taken on lease for five years, over 62,000 sq ft of space in

360 ONE-backed Neoliv raises initial ₹300 crore in first real estate fund

360 ONE-backed residential real estate platform Neoliv, founded by former MD and CEO of Godrej Properties Mohit Malhotra has raised

L&T Construction secures ‘significant’ order from AIIMS Madurai

Larsen & Toubro’s Buildings & Factories (B&F) vertical has secured a ‘significant’ order from AIIMS Madurai, Tamil Nadu. This is

Mahindra Lifespaces acquires 9.4 acres of land in Bengaluru for housing project

Realty firm Mahindra Lifespace Developers Ltd on Tuesday said it has acquired 9.4 acres of land in Bengaluru to develop

Global firms are making a beeline for Chennai’s office space

Chennai has emerged as a favourite office market for global firms as the State Capital of Tamil Nadu has seen

Survey for Dharavi redevelopment project to begin March 18

Dharavi Redevelopment Project Pvt Ltd, the joint venture between the government of Maharashtra and the Adani Group, will begin the

Mid and premium segment properties attract 65% of bookings at Fairpro 2024

Confederation of Real Estate Developers’ Associations of India (CREDAI), Chennai Chapter, said its three-day property event Fairpro 2024 that concluded

Adani pulls out all stops to make Dharavi slum rehabilitation smooth

Dharavi Redevelopment Project Pvt Ltd (DRPPL), the joint venture between the government of Maharashtra and the Adani group, is pulling

SEBI notifies regulations for small and medium REITs

Securities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified

As home sales outpace launches, prices stay firm, inventory falls

After running neck and neck through most of 2023, residential sales have outpaced launches in December and January ensuring that

Stans Buildtech Homes secures ₹160 crore from SWAMIH Fund for Mumbai SRA project

Stans Buildtech Homes Pvt Ltd has secured ₹160 crore from SWAMIH Fund, managed by SBICAP Ventures Ltd, for its SRA

Property Share to raise ₹192 crore from warehouse asset leased to Flipkart

Property Share, a tech platform for commercial real estate investments, has launched its first India warehousing asset on its platform

Knight Frank’s Liam Bailey: Real estate remains the preferred asset class for ultra-wealthy individuals

The persistent high interest rates and continuing geopolitical tensions have led to a closer affinity between private capital and real

Macrotech Developers raises ₹3,300 crore via QIP

Macrotech Developers has raised ₹3,300 crore through a qualified institutional placement receiving overwhelming response from both existing and new global

Madras High Court directs Tamil Nadu Govt to follow 2017 MVG until new guidelines are framed

The Madras High Court on Wednesday directed the Tamil Nadu government to follow the market value guidelines (MVG) fixed with

PropTech firm Reloy surpasses ₹1,200 crore in referral sales in CY23

Reloy is a unique, RERA-compliant business model built on revenues from homeowners’ love for real estate builders. Referral sales can

ED questions Niranjan Hiranandani in FEMA case

The Enforcement Directorate has questioned real estate billionare Niranjan Hiranandani in a foreign exchange violation case more than a month

Godrej Properties to build township in Bengaluru with revenue potential of ₹5,000 cr

Godrej Properties has entered into definitive agreements to develop a large township project in North Bengaluru under a profit-sharing model.

Transindia Real Estate to sell logistics park in Haryana, divest stake in five others

Transindia Real Estate, the company formed as a result of the demerger of the logistics business of Allcargo Logistics, has

Marriott International aims at double-digit growth; expansion in tier 2 and 3 cities

Marriott International, which has crossed the ₹9,000 crore turnover and 32 per cent revPAR, expects the next leg of growth

Credai’s Fairpro 2024 expects good traction on the improved home buyer sentiments

Buyer sentiments in the Chennai residential realty market are getting better and there is a demand for houses in the

Hiranandanis asked to appear before ED on Monday in FEMA case

Prominent Mumbai-based real estate developer Hiranandani Group’s promoter Niranjan Hiranandani and his son Darshan Hiranandani have been asked to appear

GST Council may soon clarify tax exemption to RERA

The GST Council is likely to soon clarify that the Real Estate Regulatory Authority (RERA) will not be required to

‘The Executive Centre to add 3 lakh sq ft in India in 2024’

In 2023, leasing demand in India from flex office space operators surged by around a quarter to 87 lakh square

L&T bags order for residential towers in Thane; stock trades flat

Larsen & Toubro (L&T) has secured an order under its buildings and factories vertical from a real-estate developer to construct

DRA Homes charts ₹2000 cr plan for FY25

DRA Homes has proposed an investment plan of ₹2,000 crore for 2024-25 as the real estate developer has planned to

Asset Homes ties up with Columbia Pacific Communities for senior living projects

Aimed at serving Kerala’s burgeoning senior citizen population, real estate developer Asset Homes is venturing into the luxury senior living

Arvind SmartSpaces’ shares surge after completely selling phase 1 inventory of Arvind Orchards

Arvind SmartSpaces (ASL) stock surged 4.74 per cent on the NSE, trading at ₹596.35. The real estate development company has

Affordable HFCs to grow 30% in FY25, says CareEdge Ratings

Affordable housing finance companies (AHFCs) are set to see a growth of 30 per cent in FY25 building on the

IFSCA Chairman promises clarity on family office structures for resident HNIs in 2-3 months

GIFT City Regulator IFSCA is currently engaged with the Reserve Bank of India (RBI) for a clear Family Office framework

Food, beverages and entertainment draw crowds in malls, says Nexus Select CEO

Blackstone-sponsored, mall-focused REIT Nexus Select Trust ended the nine-month to December 2023 with a leased occupancy of 97 per cent

Delhi HC upholds TDS on external development charges

The Delhi High Court on Tuesday upheld Tax Deducted at Source (TDS) on External Development Charges (EDC) in a real

IBBI heralds shift in liquidation process, brings relief to home buyers

Insolvency regulator IBBI has introduced significant changes to the liquidation process, providing relief for specific home buyers and requiring a

Colliers close to bagging deal for constructing Infibeam’s AI extension hub in Ahmedabad

Real-estate consultants Colliers is the front-runner in bagging the $10-million contract for constructing Infibeam Avenues’ Artificial Intelligence and Technology Extension