Real Estate Archives - Page 5 of 5

Rich-young Indians prep-up premium, luxury and ultra-luxury home sales

India’s rich and ultra-rich are lapping up properties priced upwards of ₹4 crore and the demand is being driven by

Rising demand for villas in Tier II cities fuels real estate boom

Demand for housing in Tier II cities, especially villas, is soaring due to surging property prices in the top seven

Developers put REITs on hold on uncertain market conditions

Several developers with commercial assets in their portfolio, who were planning to float real estate investment trusts and list their

Pune witnesses 10 per cent YoY surge in annual property registrations, reaching 152,323 units in 2023: Knight Frank India

The total amount collected in stamp duty for 2023 was ₹ 5,352 crores, exhibiting a 10.5 per cent year-on-year (YoY)

Dutch pension manager APG struggles to exit Virtuous Retail

Dutch pension fund APG is finding it difficult to find a buyer for its stake in Virtuous Retail South Asia,

Investments from America in Indian real estate fall 39 per centpc to $USD 1.35 bn last year: JLL

Investments from American institutions in Indian real estate market declined 39 per cent last year to $ 1.35 billion amid

Dharavi residents to get 350 sq ft flats with independents kitchens

Residents of Asia’s largest slum, Dharavi in Mumbai, will get apartments with independent kitchens and toilets measuring a minimum 350

Eldeco Group to invest ₹300 crore to construct villas in Himachal Pradesh

Realty firm Eldeco Group will invest about ₹300 crore to develop ultra-luxury housing project, comprising 80 villas, in Himachal Pradesh

Blackstone-backed Nexus Select Trust circles R City Mall in Mumbai

Blackstone-sponsored Nexus Select Trust is understood to be keen to add R City Mall in Mumbai to its REIT portfolio,

As it turns net debt positive, DLF to focus on high margin projects

Backed by strong demand from a new generation of double-income, younger crop of buyers besides NRIs, real estate major DLF

PE investments in real estate sector drops 26% to $2.65 billion in 9 months of FY24: Report

Private equity (PE) investments in the real estate sector dropped by almost 26 per cent YoY to $2.65 billion in

Housing demand to hit 93 million units by 2036 driven by tier 2,3 cities

Housing demand in India is projected to reach 93 million houses by 2036, owing to the increase in demand in

Mumbai Trans Harbour link will open huge land for real estate development, says Hiranandani

The Mumbai Trans Harbour link will open huge parcels of land for real estate development, practically doubling the land of

Domestic investors bullish on realty sector; investments grow 120% to $1.5 billion in 2023: Report

While institutional investments in the real estate sector declined by 12 per cent annually to $4.3 billion in 2023, investments

Nexus Select Trust to buy 3 malls in Hyderabad from L&T for $300-350 million

Nexus Select Trust, the retail-focused real estate investment trust sponsored by global private equity giant Blackstone, has signed a preliminary

India needs to build a huge stock of ‘rental houses’: Hiranandani

Niranjan Hiranandani, Founder and MD of Hiranandani Constructions, which builds residential and industrial townships and commercial office spaces, is calling

Cushman & Wakefield, Nuvama to launch Rs 3000-cr office platform

Cushman & Wakefield (C&W) and Nuvama Asset Management have formed an equal joint venture to set up a ₹3000-crore platform

Aarin Hospitality launches luxury serviced apartments at Oragadam

Chennai-based Aarin Hospitality has launched Apartel, luxury serviced apartments, at Hiranandani Parks, Oragadam, near Chennai. Launched in partnership with Hiranandani Residences, Apartel

Prestige Group to focus on Delhi-NCR and Mumbai markets

Real estate developer Prestige Estates Projects will focus on bolstering its presence in the Delhi-NCR market over the next year.

Travel and hospitality sector to witness continued recruitment in 2024

Recruitment momentum in the travel and hospitality sector will continue in 2024. According to TeamLease Services, the coming year will

Sobha Q3 sales bookings up 37% to ₹1,952 cr on strong housing demand

Realty firm Sobha Ltd reported a 37 per cent increase in sales bookings at ₹1,951.6 crore in the third quarter

Pune residential sales near 50,000-mark

Knight Frank’s India Real Estate 2023 report stated that Pune’s residential market witnessed 13.5 per cent sales growth year-on-year, with 49,266 housing units sold

2023 office absorption near record high, home sales at 10-year high

In 2023 office absorption came near an all-time high at 59.6 million square feet, while residential sales at 3.3 lakh

Office space demand in Chennai is expected to grow amid supply overhang

Chennai market is likely to witness an addition of about 14 million sq ft (msf) in office space in the

Pune residential sales near 50,000-mark

Knight Frank’s India Real Estate 2023 report stated that Pune’s residential market witnessed 13.5 per cent sales growth year-on-year, with 49,266 housing units sold

As MahaRERA cracks whip, developers hurry to file progress reports

With the Maharashtra Real Estate Regulatory Authority cracking down on developers who fail to furnish their quarterly progress reports (QPRs)

Godrej Properties buys 4-acre land parcel in Bengaluru

Godrej Properties has purchased a 4-acre land parcel in Bengaluru on an outright basis. The company is planning to develop

Adani Group ropes in global designers, experts for Dharavi redevelopment project

The Adani Group, which is undertaking the redevelopment of Mumbai’s Dharavi, one of the largest slum clusters in the world, has

Office sector dominates: Indian real estate attracts $5.4 billion in institutional investments

In 2023, Institutional investments in the Indian real estate sector reached $5.4 billion, marking a 10 per cent YoY increase,

Mumbai property registrations surge to second-highest level in 11 years, revenue climbs 4% in December

Property registrations in Mumbai in December rose about a third on year, the second highest level in 11 years, while

Housing sales in Gurugram up 13% in 2023; down 7-8% each in Noida, Gr Noida: Anarock

Housing sales in Gurugram rose 13 per cent annually in 2023 on high demand, especially for luxury flats, but Noida

Travel and hospitality sector to witness continued recruitment in 2024

Recruitment momentum in the travel and hospitality sector will continue in 2024. According to TeamLease Services, the coming year will

NoBroker revenue grows 96%, losses up 62.6% in FY22

Protech unicorn NoBroker achieved a substantial 96 per cent Y-o-Y revenue growth, reaching ₹325.88 crore in FY22, compared to ₹166

Provident Housing offers 2% discount to armed forces on home purchases

Puravankara Limited’s subsidiary, Provident Housing Limited, introduced a scheme to support serving and retired armed forces personnel in acquiring homes.

Home buying may be more affordable in 2024 across cities: Knight Frank India

An expected moderation in inflation and a projected downward trend in interest rates should further improve home affordability in 2024,

‘India to see explosion in demand for office space in 12-18 months’

India is likely to see an explosion of demand for office space in 12-18 months as interest rates are seen

Change in buyer perception, pent-up demand driving home sales: Knight Frank India MD

The real estate sector is set to see record housing sales of over 7 lakh units and on the commercial

Godrej Properties notches sales of over ₹2,600 crore in Gurugram project

Godrej Properties has sold inventory worth over ₹2,600 crore in its project, Godrej Aristocrat, in Gurugram, on Golf Course Extension

‘Luxury home demand trend is broad-based’

The year 2023 is set to see record sales of luxury homes, as buyers are digging deep into their pockets

Luxury homes expected to find fancy with younger buyers in 2024

Larger homes, upgrade to premium properties (of over ₹1 crore) and a young buyer-base mostly in their early to mid-thirties

Home buying among top five priorities now: Aakash Ohri

India’s residential real estate saw a good year in 2023, both in term of launches and demand. And the current

Puravankara reports net loss of ₹11 crore in Q2

Bengaluru-based real estate company Puravankara Limited reported a net loss of Rs 11 crore for the quarter ending September on

Q4 records high office leasing activity, witnessing 16% y-o-y growth in demand: report

In the fourth quarter of 2023, the Indian office market saw 58.2 million square feet of gross absorption across the

Real estate stocks skyrocket as demand hits new highs

With realty being in a sweet spot, shares of India’s top listed real estate companies have surged by anywhere between

REIT portfolios see rejig as IT firms give up office space

The stress in the balance sheets of software and IT companies and their desire to conserve cash is resulting in

Real estate developers acquire over 1,461 acres land in tier-2 and tier-3 cities: Report

Over the past 22 months, developers have acquired around 1,461 acres of land in tier-2 and tier-3 cities for residential

RERA gains momentum in addressing consumer complaints across India

The Real Estate (Regulation and Development) Act (RERA) has gained momentum in addressing consumer complaints, with State authorities resolving 1,16,300

PE inflow in Indian real estate dips 44% YoY in 2023

Private equity inflows into the Indian real estate sector fell 44 per cent in 2023 to $3 billion, as global

Residential sales in India expected to touch 260k units by end of 2023, highest since 2008: report

India’s residential sector marked a notable upswing in the first nine months of 2023, recording 1,96,227 unit sales— equivalent to

Blackstone offloads entire stake in Embassy REIT for ₹7,100 crore

Blackstone has sold its entire 23.5 per cent stake in Embassy Office Parks REIT for ₹7,100 crore ($850 million) at

hBits expects ₹1500-2000 cr investments from Gujarat

hBits, a fractional ownership platform for commercial real estate, expects investments worth ₹1500-2000 Crore from Gujarat-based HNIs and investors through

Blackstone to exit Embassy REIT for ₹6,931.5 crore

US private equity firm Blackstone plans to exit its holding in Embassy Office Parks REIT for ₹6,931.5 crore ($833 million)

Fractional ownership platform hBits aims to be first MSM REIT

Last month Securities and Exchange Board of India (SEBI) greenlighted the launch of micro, small and medium real estate investment

IT/ITeS SEZ developers want ‘proportionate’ tax benefits for common areas in demarcated zones

The government is examining a proposal from SEZ developers to allow them to retain part of the tax sops they

India’s office sector anticipates 20–22 per cent y-o-y growth in 2024: Report

The office sector anticipates strong 20–22 per cent year-on-year (y-o-y) growth in 2024, according to the JLL report. In 2023,

Oberoi Realty buys land in Gurugram for ₹597 crore, to make entry into NCR

Oberoi Realty has taken its first step to foray outside the Mumbai Metropolitan Region, acquiring a 14.8 acre land parcel

Naredco asks FM to go for SWAMIH-2 fund with ₹50,000 crore

The National Real Estate Development Council (Naredco) has appealed to Union Finance Minister Nirmala Sitharaman to continue with the Special

PM Modi to inaugurate Surat Diamond Bourse tomorrow

Prime Minister Narendra Modi will inaugurate a newly built ₹3,400-crore Surat Diamond Bourse in Gujarat on December 17. Dubbed as

District Cooling & Utility Tunnels excluded in ₹6,200 cr GIFT City expansion plan

A capex of an estimated ₹6,200 crore will be spent on developing infrastructure in the expanded area of GIFT City

411 infra projects show cost overruns of ₹4.31 lakh crore in Oct: Official report

As many as 411 infrastructure projects, each entailing an investment of ₹150 crore or more, have been hit by cost

Macrotech to invest ₹800 cr to construct 2 housing projects in Bengaluru: MD & CEO Abhishek Lodha

Macrotech Developers will invest about ₹800 crore to construct two housing projects in Bengaluru where it has entered to expand business

Office market sees a slump in new supply and leasing activity in Bengaluru: Report

The Bengaluru office market saw a 28 per cent year-on-year decrease in gross leasing activity, with new supply dropping by

WeWork India’s rented premises in Gurugram sold for ₹81 crore

Office space leased to WeWork India in a DLF-owned commercial building in Gurugram has been acquired by the developer for

K Raheja Corp sees revenue of ₹1,700 crore from luxe project in Bengaluru

K Raheja Corp Homes, the residential vertical of developer K Raheja Corp group, has taken its luxury brand ‘Vivarea’ to

IGBC to hold Green Building Congress in Chennai from Nov 23

From a time when going green implied shelling out a premium on green-friendly material, the green building movement has reached

India poised to become global leader in Construction Equipment Manufacturing by 2028: Gadkari

Nitin Gadkari, Minister for Road Transport and Highways urged India’s construction sector to invest in research and to cut India’s

RMZ Corp to focus on alternate asset classes, outlays large capex plans

Bengaluru-based real estate major RMZ Corporation says that it has transitioned into an alternate asset owner with five verticals spanning office,

Uptick in office occupancy, rent to come with a lag despite SEZ denotification

The much-awaited amendments in the SEZ regulations, while a positive development for the commercial real estate sector, are unlikely to

Cash-rich realty companies buy up more land

Flush with cash from the stepped-up demand for homes, real estate developers are using the liquidity to buy more land,

IGBC seeks to play a major role in cutting down dust pollution at construction sites

After facilitating sustainable practices in reducing environmental impacts in buildings, the Indian Green Building Council (IGBC) is keen on promoting

India needs additional 2 billion square feet of healthcare space: report

India needs an additional 2 billion square feet of healthcare space to cater to its current population base of 1.42

Record leasing by global capability centres in 2023

Lease transactions by global capability centres in calendar year 2023 has already crossed 88 per cent of that achieved in

India to attract big inflows in real estate in 2024, says Colliers

A spike in investment activity in the real estate sector in the Asia Pacific region is expected in 2024, with

Amendment allows demarcation of non-processing area in IT/ITES SEZ

UPDATED STORY. Added one comment just above the sub-head Processing vs non-processing. Please include in final copy The Centre has

Demand for office space seen at 55-57 mn sq ft in 2023

The current calendar year is expected to close with office demand or absorption of 55-57 million square feet, much lower

Net absorption and new completions of commercial office space in top 7 cities remain flat: report

During the first half of FY 2024, the commercial office space experienced sluggish growth with a 5 per cent increase

Developers, REITs cheer amendments in SEZ rules, expect occupancies to rise

The government’s decision to amend the SEZ rules and allow floor-wise denotification has brought in much needed relief to commercial

Private capital leading growth factor for commercial real estate in APAC

Private capital is expected to remain a driving force in the Asia-Pacific commercial real estate market, according to global property

DLF to raise ₹800 crore via bonds, say sources

Real estate developer DLF Ltd is planning to raise around ₹800 crore through the issue of debentures, sources said. The

2023 set to see record housing sales on sustained demand

The residential real estate sector is set to end the year with record sales of over 7 lakh units in

Real estate company White Lotus raises ₹150 cr funding

Real estate company White Lotus Group has raised an investment of ₹150 crore in a funding round led by the

Housing loans surge 37% in H1FY24 at ₹5.4 lakh crore

Bank credit in the form of housing loans saw a good growth of 37 per cent on year at ₹5.4

India is poised to witness a 30-35 m sq ft expansion in mall space: Crisil

India is expected to witness a 30-35 million square feet (msf) expansion in mall space over the next 3–4 years,

Everest Food promoter family buys three flats in Oberoi Realty’s Three Sixty West

Several members of the Vadilal Shah family, belonging to the promoter group of Everest Food Products, have purchased apartments in

WeWork India sees robust growth its operations

Unlike its global parent, WeWork India is seeing robust growth and expects to end the current fiscal year with 93,000

Mumbai property registrations a tad under 10,000 in November

Property registrations in Mumbai in November was just short of the 10,000-mark, but still 7.6 per cent higher from year

India’s flex space stock to reach 80 m sq ft by 2026: Report

India’s flex space stock is projected to touch 80 million sq ft by 2026, forming 9–10 per cent of the