Category: Real Estate
MGM Healthcare expands in Chennai with land purchase from Shriram Properties
MGM Healthcare Private Limited, a large healthcare and educational group, continues to expand its presence in South India by acquiring a 3.9-acre land parcel from […]
Brigade Group acquires land in Bengaluru for ₹2,700 crore residential project
Bengaluru-based Brigade Group has signed a definitive agreement for a land parcel located on Whitefield-Hoskote road. The residential project planned on this land is expected […]
Kalyan Developers introduces A Different Story – 25 super luxury sky mansions with Vembanad Lake views near Kochi
Building a new benchmark in super-luxury living, Kalyan Developers has announced the launch of its 25th project in Thevara near Kochi. The project called ‘A […]
Shriram Properties sells mall land in Chennai for ₹93 crore
Shriram Properties Limited (SPL), a leading real estate developer, has sold 3.9 acre land parcel in Chennai to a large healthcare and educational group in […]
Sector Anticipates 12% Growth in Home Sales in FY25 Despite Regional Slowdown: G Hari Babu
Select real estate markets in India – across three southern states, namely Andhra, Telangana and Karnataka – and Pune are witnessing slower than expected residential […]
Rising prices and elections stall residential growth in 2024: ANAROCK
Strong homebuyer demand and hardening property prices coupled with the general and state elections dented India’s residential growth momentum in 2024, according to ANAROCK. The […]
Blackstone mulling over $1 billion public float of India warehousing assets
Blackstone is likely to float an IPO or infrastructure investment trust (InvIT) next year for its India logistics arm, Horizon Industrial Parks, which with around […]
Blackstone mulling over $1 billion public float of India warehousing assets
Blackstone is likely to float an IPO or infrastructure investment trust (InvIT) next year for its India logistics arm, Horizon Industrial Parks, which with around […]
Bengaluru sees 40% YoY growth in office leasing at 21.7 msft in 2024: Colliers
Bengaluru dominated the demand for Grade A office space in 2024, recording a leasing volume of 21.7 million square feet (msft), up by 40 per […]
Oberoi Realty to set up hotel, villas on 81-acre land parcel in Alibag
Oberoi Realty said it has executed an agreement for the development of an 81-acre parcel of land situated at village Tekali, Alibag in Maharashtra where it […]
Housing sales, supply see steep fall in December quarter
The ongoing quarter is proving to be not so good for the residential real estate sector with both new supply and absorption seeing a fall. […]
Welspun One to raise ₹4000 crore from global funds to double portfolio
Logistics and warehouses developer Welspun One, is looking to raise ₹4,000 crore, to double its portfolio size to 32 million square feet (msf) by 2028 from […]
Telangana introduces Bhu Bharati Bill
The Telangana Government has introduced Bhu Bharati (Record of Rights) Act 2024 replacing a similar act, Dharani, enacted during the Bharat Rashtra Samithi (BRS) regime. […]
TVS Emerald to acquire Radial Phase II, III IT Parks for ₹576 crore
TVS Emerald, a subsidiary of TVS Holdings Ltd (formerly known as Sundaram-Clayton Ltd), will acquire Radial (Phase II) IT Park Pvt Ltd and Radial (Phase […]
SEBI permits inter-se sponsor transfers of locked-in units in InvITs, REITs
Securities and Exchange Board of India has permitted real estate investment trusts and infrastructure investment trusts to invest in unlisted shares under certain conditions and […]
Golden Homes plans to expand in other cities of Tamil Nadu
Chennai-based real estate development firm Golden Homes Pvt Ltd plans to expand to other cities, including Tiruchi, Coimbatore and Madurai. The company has done around […]
Properties worth ₹22,280 crore from fugitives restored to Banks, FM tells Lok Sabha
Attached property of economic offenders valued over ₹22,000 crore has been restored to public sector banks and other legitimate claimants, Finance Minister Nirmala Sitharaman told […]
Fund raising by InvITs slows down, REITs keep up momentum
Fund raising by Infrastructure Investment Trusts (InvITs) have fallen significantly in FY25 so far compared to last year partly due to lower awarding of road […]
India’s real estate market thrives amid strong demand, urban growth, and luxury shifts, says Colliers’ Sankey Prasad
India’s residential real estate sector is witnessing a phenomenal price rise, banking on new infra-additions, better urban transportation, and rising urbanisation. Backed by higher disposable […]
Brookfield India REIT raises ₹3,500 crore via QIP
Brookfield India Real Estate Trust has raised capital of ₹3,500 crore (around $ 415 million) through a qualified institutional placement of units. The REIT said […]
CMRL to enhance non-fare revenue through strategic property development at key metro stations
Chennai Metro Rail Limited has signed a contract agreement for the Preparation of a Detailed Project Report (DPR) for Property Development at Alandur, Alapakkam Junction, […]
StanChart group to sell Chennai property worth ₹1,000 crore
Standard Chartered group has put its 5.78-acre property at the heart of the city in Haddows Road for sale. The property is valued at around […]
Godrej Properties raises ₹6,000 crore via QIP
Godrej Properties has raised ₹6,000 crore by selling shares to institutional investors on qualified institutional placement (QIP) basis as it looks to expand business amid […]
Gujarat’s new jantri rates threaten to spike housing prices by 30-40%
Days after the Gujarat government proposed a revision of “jantri” rates — benchmark land rates decided by the government — real-estate developers associated with Credai […]
SM REITs to have their own SRO
Small and medium real estate investment trusts (SM REITs) will have their own self-regulatory organisation as an apex body, a move that is being favoured […]
Policy revision, aligning affordable housing definition with the residential markets required: Gulam Zia of Knight Frank
India’s affordable housing segment is expected to reach ₹67 trillion by 2030 and demand is expected to be around 31.2 million units. However, there exists […]
Real estate developers bullish on southern markets: Crisil survey
Real estate developers are optimistic of a continued growth in southern markets, particularly in Kerala despite tailwinds amid changing dynamics, a sentiment survey at real […]
Blackstone and Sattva Group set to file papers for $750-800 million REIT listing
World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft papers for the listing of […]
Century Real Estate projects ₹2,000 crore in sales by the end of FY25
Bengaluru-based Century Real Estate is projecting to achieve a sales target of ₹2,000 crore by the end of FY25, driven by new launches planned for […]
SM REITs to have their own SRO
Small and medium real estate investment trusts (SM REITs) will have their own self-regulatory organisation as an apex body, a move that is being favoured […]
Top 7 cities have 526 msf of REIT-worthy stock valued at ₹4.50 lakh crore
India’s top seven cities — Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, NCR and Pune, hold nearly 526.3 million sq ft (msf) of REIT-worthy stock valued at […]
Real estate dominates AIFs, secures ₹75,468 crore till H1 FY25
Real estate attracted the highest share of alternative investment funds (AIFs) till the first half of FY25, marking the largest share since the inception of […]
Gopalan Enterprises plans to triple residential portfolio with 2msft launches planned for next year
Bengaluru-based property developer Gopalan Enterprises is planning to triple its residential portfolio with 2 million square foot (msft) of launches scheduled for next year. The […]
DRA signs up Rashmika Mandanna as brand ambassador
Chennai-based real estate developer DRA, today announced that it has signed on actress Rashmika Mandanna, as its brand ambassador. The company, which has so far […]
Demand for retail space in malls, high streets in top 8 cities up nearly 5% in Jan-Sep: C&W report
Leasing of retail space in shopping malls and prominent high streets rose nearly 5 per cent during January-September this year across eight major cities, according […]
November property registrations in Mumbai up 5% YoY
Property registrations in Mumbai for November crossed 10,000 units, as demand for residences sustained and revenue from stamp duty was over ₹900 crore with more […]
Emami Realty plans to develop two new residential projects in Chennai
Emami Realty, an Emami Group company, is planning to develop two new residential projects, covering a total area of around 20 lakh square feet, in […]
DLF to sell Kolkata IT Park business to affiliate of Primarc and RDB groups for ₹637 crore
Real estate major DLF on Friday said one of its subsidiaries has entered into a definitive agreement to sell its Kolkata Tech Park 1 business […]
TARC achieves major sales milestone with half of TARC ISHVA project sold
TARC Limited announced today that it has sold 50 per cent of its TARC ISHVA residential project, valued at ₹1,350 crore, just two months after […]
Chennai’s GCC leasing to reach 3.2 mn sq ft. in 2025: CBRE report
Global Capability Centres (GCCs) would lease 3-3.2 mn sq ft. in 2025 in Chennai. Over the years, Chennai has solidified its position as a preferred […]
Arihant Foundations & Housing secures ₹109-crore investment
Arihant Foundations & Housing Ltd, the Chennai-based real estate developer, on Wednesday announced an investment of ₹109 crore through preferential equity allotment. The investment has […]
Infra boom and demand drive residential sales; interest rate cuts essential: CREDAI’s Boman Irani
Around 60 per cent of Indians’ wealth has been created around real estate. And following RERA— with the security and safety of buying a house […]
India’s 26 major listed realty firms sell ₹35,000 crore worth properties in Q2; Godrej Properties at top
India’s 26 major listed real estate firms have sold properties worth nearly ₹35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. […]
Asset JGT’s super luxury residential project begins construction in Kochi
Asset JGT, a joint venture between JGT Living Spaces — a CGH Earth Group company with over seven decades of experience in the hospitality industry […]
Chennai skyline high-rise buildings with 40+ floor projects coming up
Chennai has always been a low height residential city, but not anymore. There are many high rise buildings of about 30 floors but the large […]
Provident Housing announces launch of ‘Provident Bayscape’ in Chennai
Provident Housing Ltd, a large-scale community developer, a 100 per cent subsidiary of the Bengaluru-based Puravankara Ltd, will launch its latest residential project, Provident Bayscape, […]
Brigade REAP to invest in six to eight startup investments annually
Bengaluru-based real estate major Brigade Group’s startup accelerator arm- Brigade REAP plans to invest in six to eight startups each year, according to Abhay Garg, […]
India in consultation with Indonesia at WTO over duty on ceramic tiles
India is in consultations with Indonesia at the WTO on the latter’s proposal to extend safeguard duties on import of ceramic tile products from November, […]
Kolkata: Godrej Properties buys 53-acre land parcel in Joka
Godrej Properties said it has acquired a 53-acre land parcel in Joka, Kolkata, on which it plans a residential plotted development with a potential 1.3 […]
Metro Group eyes ₹1,000 crore revenue from Thane projects
Metro Group, a leading real estate player in the Mumbai Metropolitan region, plans to generate ₹1,000 crore revenue over the next three by developing 1 […]
L&T Construction reduces timelines by 50% with 3D printing technology
Larsen & Toubro (L&T) Construction is using 3D printing technology to reduce construction timelines by up to 50 per cent, MV Satish, Executive Committee Member […]
Realty players eye substantial growth in H2 FY25 after sedate first half
After a lull in H1, real estate players are gearing up for a revival with multiple launches in the second half of FY25. Major realty […]
hBits launches new asset with around ₹55 crore investment opportunity
Fractional ownership platform hBits has launched a new asset in Thane, offering ₹54.66 crore investment opportunity. The Grade A commercial asset located in Ashar IT […]
Adani Realty plans big realty push in Mumbai, to rival Jio Convention Centre
The real estate arm of the Adani group, Adani Realty, is coming up with around 6-8 million square feet of residential, commercial, and retail development […]
Pulkit TMT introduces innovative ‘Lab on Wheels’ for quality testing in Kerala
Pulkit TMT, a leading brand in the steel industry, has introduced its innovative ‘Lab on Wheels’ initiative in the Kerala market. The company’s mobile testing […]
MSN Realty, new venture by MSN Pharma promoters, to focus on Hyderabad real estate
Promoters of MSN Pharma have set up a new company called MSN Realty to tap the opportunities in the real estate sector. The new company […]
Sobha Ltd Q2 Results: PAT jumps 74% to ₹26.1 cr growth
Sobha Ltd, a real-estate major based out of Bengaluru reported a consolidated profit after tax of ₹26.1 crore for the quarter ended on 30 September, […]
DLF’s KP Singh: Urges high-powered urban infrastructure for $5 tn economy
The doyen of real estate, KP Singh – also the Chairman Emeritus of DLF Ltd – feels India needs to set up a high-powered cabinet […]
Emaar India unveils ‘Amaris’ luxury residences with eco-friendly features in Gurugram’s Sector 6
Emaar India has launched its luxury residential project, ‘Amaris’ at Sector 62, in the Golf Course Extension Road micro market in Gurugram, The company said […]
Pradhan Mantri Awas Yojana — Urban: NHB inks pacts with 116 lending institutions for interest subsidy scheme
National Housing Bank (NHB) on Thursday entered into separate Memorandums of Understanding (MoUs) with 116 Primary Lending Institutions (PLIs) for implementation of the Interest Subsidy […]
India’s office leasing soars 41% in 2024 amid rent hikes, supply crunch, and GCC growth: Cushman & Wakefield
Driven by the increased demand from GCC (global capability centres) and rising demand from Indian corporates, commercial space leasing in India is up 41 per […]
Brigade Enterprises PAT up by 2% at ₹115 crore for Q2
Bengaluru-based property developer Brigade Enterprises reported a consolidated profit after tax (PAT) up by 2 percent year-on-year (YoY) at ₹115 crore for Q2FY25 from ₹112.5 […]
Supreme Court sets pan-India guidelines against ‘bulldozer justice,’ calls demolitions without due process unconstitutional
Coming down hard on instant ‘bulldozer justice,’ the Supreme Court on Wednesday laid down pan-India guidelines on property demolition and said the Executive cannot become […]
Positive response to Small and Medium REITs: SEBI Chief
Small and medium REITs have received a positive response from the industry, SEBI chairperson Madhabi Puri Buch said on Thursday. Buch said that there is […]
NBCC sells commercial and office space worth over ₹14,000 cr
NBCC (India) Ltd has sold 100 per cent of the office space inventory at the World Trade Centre (WTC) Nauroji Nagar in New Delhi, valued […]
‘India an outlier as global real estate slowly returns to normalcy’
India stands as an outlier in the global real estate market, which is just returning to normalcy with some uptick in transaction volumes, the confidence […]
Leela Palaces Hotels’ parent Schloss Bangalore plans multi-use asset management
Schloss Bangalore (Leela Palaces Hotels Resorts), an institutionally owned and managed pure-play luxury hospitality company, plans to venture into multi-use asset management blending luxury hospitality […]
Shriram Properties to quadruple profit, triple revenue by FY27
Shriram Properties Ltd, which is celebrating 25 years, expects to quadruple its net profit to over ₹200 crore in FY27. It reported profit of ₹75 […]
Interarch Building Products plans to double turnover to ₹2,500 cr by 2028
Interarch Building Products, a leading player in the pre-engineered building industry, is planning to double its turnover to ₹2,500 crore by 2028, Managing Director Arvind […]
Non-IT services tenants, SEZ conversions aid occupancies in REITs
Offices and specifically real estate investment trusts are no longer relying on IT services tenants, whose share in office occupancies has dropped sharply, partly due […]
Call to use of path-breaking technology in construction sector
Experts in the construction sector has called for the use of cutting-edge technology to reduce carbon footprint as well as saving energy. They were deliberating […]
Lodha buys out Bain Capital’s stake in digital infrastructure assets
Macrotech Developers has acquired Bain Capital’s stake in three joint digital infrastructure platform entities for Rs 307 crore, the company said, as part of its […]
Brigade to invest ₹800 crore to develop 1 mn sq ft residential apartments in West Chennai
Bengaluru-based real estate developer Brigade Group has signed a Joint Development Agreement to develop a residential project of around 1 million sq ft in Chennai. […]
IBBI pushes for land authorities to join CoC meetings in real estate insolvency cases
Insolvency regulator IBBI has come up with slew of proposals to improve real estate resolutions under IBC including mandating the inclusion of Land Authorities in Committee […]
Brookfield India REIT Q2 results: NOI up 40% YoY
Brookfield India Real Estate Trust reported net operating income of ₹485.8 crore in Q2 of FY25, up 40 per cent on year, while operating lease […]
ED attaches assets in EMAAR-MGF PMLA case; Hooda says he has nothing to do with it
A day after Enforcement Directorate (ED) provisionally attached immovable properties valued at ₹834 crore and belonging to EMAAR India and MGF Developments Ltd, former Haryana […]
IHCL acquires majority stake in Tree of Life, targets 100 properties by 2030
The shares of The Indian Hotels Company Limited (IHCL) were trading at ₹682.55 up by ₹14.55 or 2.18 per cent on the NSE today at […]
Surge in bank credit to CRE linked to high demand for office and warehouse space
Bank credit to the commercial real estate sector rose to ₹4.85 lakh crore outstanding as of July 26, 2024, from ₹4.38 lakh crore on July […]
Godrej Properties wins ₹515 crore bid for two residential plots in Gurugram
Realty firm Godrej Properties has won bid for two residential plots in Gurugram costing ₹515 crore and will develop luxury homes worth ₹3,400 crore on […]
Biz families of Tier-II cities drive-up ultra luxury residential demand in North & West India
Ultra-luxury residential projects in Gurgaon and premium plotted developments of North and West India – are witnessing active buyer interest from business families or promoter […]
Ajoy Mehta leaves behind a more compliant real estate sector in Maharashtra
Ajoy Mehta, Chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA), hangs up his boots this month, leaving behind a much more streamlined and compliant […]
DLF to invest ₹8,000 cr to build super-luxury project in Gurugram
Realty major DLF will invest around ₹8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium […]
Omaxe Group unveils ₹2,500-crore project in Delhi: 50.4-acre multi-sports and cultural destination
Real estate company Omaxe Group, on Monday, announced an investment of nearly ₹2500 crorefor its new project, The Omaxe State. The five-in-one destination, which will […]
Prestige Estates raises ₹5,000 crore via QIP
Realty firm Prestige Estates Projects Ltd has raised ₹5,000 crore by selling equity shares to institutional investors through private placement. The company launched its Qualified […]
Meghna Infracon expands portfolio with new Mumbai residential project
Meghna Infracon Infrastructure Limited (MIIL) announced today the acquisition of a new residential project in Goregaon, Mumbai. The project, named “Manju Villa,” is set to […]
Sattva Group plans ₹14,000-crore investment to build 80 m sft of residential, commercial projects
The Sattva Group has lined up residential and commercial projects with an aggregate built-up area of 80 million square feet at an investment of ₹12,000-14,000 […]
Realty sector rises 63%, outshining Nifty50; more firms eye IPOs
Real estate has been one of the best performing sectors and over the last one-year period it has given absolute returns of over 63 per […]
October home sales soar in Mumbai; Builders to keep the frenzy going
Over 12,900 properties have been registered in Mumbai in October, a month marked by festivities, starting with Navratri and Dussehra and ending with Diwali. According […]
WeHouse streamlines home construction with transparency, expands to Tier-II cities
For many middle-class families, the dream of owning a home is often overshadowed by the challenging task of building it. The unorganised construction sector, riddled […]
Rising costs make urban affordable houses unviable for builders
The government’s ambitious plan to build 1 crore urban houses under the PM Awas Yojana is likely to falter as higher land acquisition prices, rise […]
EFC gets SEBI nod for India’s first small & medium REIT IPO
EFC (I) Limited has secured SEBI registration for EMBERSTONE SM REIT, India’s first Small & Medium Real Estate Investment Trust operated by a managed office […]
Realty firms account for 17% of QIP money raised this year
The real estate sector has contributed about a sixth to the amount raised by way of qualified institutional placements (QIP) this year. Of the ₹75,923 […]
Festive season pushes demand for new houses
Housing developers are ecstatic with the positive house buying sentiment this festive season record sale this calendar year with both sales and new launches likely […]
How Do the Best Custom Home Builders in Sacramento CA Ensure Quality?
Best Custom Home Builders in Sacramento CA Ensure Quality Building a custom home is one of the biggest investments a homeowner can make, and finding […]
Property prices rise across cities fuelled by demand, costs, rental yields
Residential prices have moved up 2-19 per cent in 2024 so far and according to a survey homebuyers expect prices to rise 6-15 per cent […]
Dholera SIR attracting ₹2,000-3,000 crore investment annually in land and plots
Dholera Special Investment Region (SIR) in Gujarat is attracting fresh investment of ₹2,000-3,000 crore annually in realty assets, with investors primarily from North acquiring land […]
Macrotech Developers to initiate housing projects worth ₹10,000 crore by March in MMR, Pune, Bengaluru
Realty firm Macrotech Developers Ltd will launch nearly 8 million square feet of residential space in the second half of this fiscal with an estimated […]
Mindspace REIT NOI crosses ₹500 cr for first time in Q2
Mindspace Business Parks REIT leased gross 2.1 million sq ft in Q2 of FY25, and net operating income crossed the ₹500 crore milestone, rising over […]
DLF’s sales bookings rise 66% to ₹7,094 crore from April to September despite weak Q2
Realty major DLF’s sales bookings increased 66 per cent to ₹7,094 crore in the first half of this fiscal on strong housing demand. Its sales […]
Across cities, rising residential rents pinch tenants
Home rents are really going up, hurting tenants and leaving them with very little room for discretionary spending. Residential rents have increased in the range […]
DLF Q2 consolidated net profit up 121 per cent
Real estate major, DLF saw a 121 per cent rise in consolidated net profit to ₹1,381 crore for the quarter-ending September 30, 2024. Profit in […]
Bengaluru residential real estate soars amid high demand and limited inventory
Bengaluru’s residential real estate market is experiencing notable price hikes, driven by rising demand and a shortage of inventory. As buyers and investors increasingly look […]
Embassy REIT Q2 NOI up 12%; raises leasing guidance for FY25
Embassy Office Parks REIT reported a 12 per cent rise in both net operating income and revenue in Q2 of FY25, driven by 2.1 million […]
Godrej Properties Q2 results: Net profit surges 5 Fold to ₹335.2 cr
Godrej Properties reported consolidated net profit of ₹335.2 crore in the second quarter of the current financial year, up 5 times on-year with revenue from […]
Growth in housing loans continues to slow due to increasing interest rates, property prices
The steep 250 basis points increase in policy rates by the Reserve Bank of India (RBI) since May 2022 appears to be impacting loans taken […]
Homebuyers gain from removal of differential tax rates on preferred locations, lowering overall costs
If you’re planning to buy a house in a preferred location, there’s no need to worry about additional GST. The GST Council has clarified that […]
Pune’s home sales value surges 19% in Q3 2024 despite a slight dip in transactions
Pune, along with Pimpri-Chinchwad, witnessed a significant surge in registered home sales value for the July-September quarter of 2024, as reported by Square Yards. Based […]
Baashyaam to invest ₹420 crore to develop the commercial-cum-residential property Crowne Plaza
As the famous Crowne Plaza hotel has been completely razed down, a new high-rise commercial-cum-residential development will soon slowly start emerging to house one of […]
Hyderabad real estate developers shake off HYDRAA blues
Following an episode of slow growth in the IT sector, poor hikes and the scare created by demolitions by government agency HYDRAA, real-estate developers in […]
Microsoft acquires 16.4-acre land in Pune for ₹520 crore
Microsoft Corp’s Indian arm has acquired 16.4 acres of land in Pune for around ₹520 crore, documents showed. The land, located at Hinjewadi, was acquired […]
Brigade: Expands ₹600 cr residential complex in Velachery, Chennai
Bangalore-based Brigade is expanding its presence in Chennai with another residential project in Velachery costing nearly Rs 600 crore. It plans a high-rise group development […]
Birla Estates buys land from Hindalco for ₹537 cr in Mumbai
Birla Estates, the real estate arm of the Aditya Birla Group, has acquired a 24.5-acre land parcel in the Mumbai Metropolitan Region (MMR), for ₹537.42 […]
Housr plans to open around 30 co-living centres with 3,000 beds
Co-living operator Housr plans to open around 30 new centres comprising 3000 beds by March next year as part of its expansion plan to meet […]
India’s housing market witnesses cooling trend as price surge crowds out buyers
India’s residential market is witnessing a phenomenon where the rise in price of houses could possibly crowd out end users or real buyers, with investors […]
Brookfield-led consortium completes acquisition of American Tower’s operations in India
Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by Brookfield Asset Management, along with affiliates of investors, including British Columbia Investment Management Corporation and GIC, […]
Bengaluru leads retail/consumer packaged goods GCC boom as India sees rapid growth in the sector
Over 50 per cent of retail/consumer packaged goods (CPG) global capability centres (GCCs) in India have been established in the last eight years, noted an […]
Signature Global to deliver 16 msf houses over next two years
With over 30 million square feet of forthcoming housing inventory, of which 16 million square feet will be delivered over the next two years, Signature […]
Godrej Properties wins bid for 6.5-acre land parcel in Mumbai’s Kharghar, stock advances
Godrej Properties Limited (GPL) has emerged as the highest bidder for three adjacent land plots totaling 6.54 acres in Sector 5-A, Kharghar, Mumbai Metropolitan Region, […]
Micromitti Real Estate Ventures plans to launch REITs
Micromitti Real Estate Ventures, a leading proptech company, plans to launch Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds and Private Equity […]
Real estate transactions drop 71% in Q3 2024, private equity dominates
Transactions in the real estate sector in the third quarter of 2024 saw a steep sequential fall of 71 per cent and annual decline of […]
Shapoorji Pallonji Real Estate launches joint venture luxury housing project in Gurugram
Shapoorji Pallonji Real Estate (SPRE) has entered into a joint venture with Kanodia’s real estate venture KREEVA to develop a luxury residential project in Gurugram, […]
Bengaluru Airport City Ltd breaks ground for 2 million sqft Business Park to boost GCC growth
Bengaluru Airport City Ltd (BACL), a wholly owned subsidiary of Bangalore International Airport Ltd (BIAL), broke ground for its 2 million square feet (msft) Business Park […]
Chennai suburbs drive high-rise residential unit growth
Chennai’s suburbs are propelling the surge in the high-rise residential buildings. Locations such as Kelambakkam, Kundrathur and Mangadu are key residential hotspots fuelled by growing […]
NRIs are buying more houses in India than before
Investments by non-resident Indians (NRIs) into the Indian real estate market has surged over the past 20 months, growing at 15-20 per cent and their […]
Interest subsidy to be provided only once for a property under PMAY-U 2.0
Purchase of affordable houses through resale could be impacted as interest subsidy under the new Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) will […]
Bengaluru: RMZ offers 0.3 mn sqft of commercial space to Chevron Global Technology
RMZ offers Chevron Global Technology and Services Private Limited 0.3 million sqft of commercial space to set up its GCC, ‘ENGINE’, in Bengaluru. The project […]
Godrej Properties acquires six land parcels in Jul-Sep to build projects worth ₹9,650 crore
Realty firm Godrej Properties acquired six new land parcels in the July-September quarter to develop housing projects worth ₹9,650 crore as part of its expansion […]
Ivanhoe Cambridge divests stake in three joint ventures to partner Lodha
Ivanhoe Cambridge has exited three digital infrastructure platforms by selling its stakes in them to joint venture partner Macrotech Developers for around ₹240 crore. In […]
Housing demand and supply shows a fall in the September quarter: report
Residential demand and supply, in the top nine cities in India, fell in the third quarter of 2024, both sequentially and annually, according to data […]
Nexus Select Trust in talks to acquire Axis Mall in Kolkata
Blackstone-backed Nexus Select Trust is in talks to buy Axis Mall in Kolkata, but the transaction could be complicated because the mall is primarily strata-owned, […]
Puravankara posts 18% sales growth, records ₹1,331 cr in Q2FY25
Real estate developer Puravankara recorded an 18 per cent uptick posting ₹1,331 crore in sales for the second quarter of FY25, compared to ₹1,128 crore […]
Chennai-based realtor Casagrand files DRHP for ₹1,100 crore IPO
Casagrand Premier Builder, the Chennai-based developer in the residential sector, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange […]
KBC Global: Launches new real estate project in Nashik
KBC Global, a construction and real estate company, has launched a new residential project in Nashik with six commercial units and twenty-two residential units, this […]
Brigade Enterprises to build a high-rise residential project at Perambur by investing ₹620 crore
Bengaluru-based Brigade Enterprises plans to construct a high-rise residential building complex at Perumbur in the heart of the city with an investment of ₹620 crore. […]
Nyati Group onboards Navigo’s futuristic capabilities to boost sales
Nyati Group, a leading player in Pune’s real estate sector, has made a significant leap by adopting Qubit’s next-generation 3D visualization and analytics tool, Navigo. […]
Mindspace REIT to build 3 data centres for Princeton Digital Group
Mindspace Business Parks REIT has entered into an agreement to build three built-to-suit data centres for Princeton Digital Group at Airoli in Mumbai, where the […]
Shriram Finance raises $500 million via social bonds
Non-banking finance company (NBFC) Shriram Finance has raised $500 million through a 3.6-year tenure social bond at a 6.15 per cent interest rate per annum, […]
Chennai: Shriram Properties launches 1.1 mn sq ft residential project
Shriram Properties Ltd (SPL), a leading real estate developer in South India and part of the Shriram Group, has launched a new project under the […]
Housing sales dipped 11% in Jul-Sept, average prices up by 23% in top 7 cities: Anarock
Housing sales fell 11 per cent during July-September to 1.07 lakh units in seven major cities on lower launches and an annual 23 per cent […]
Godrej Properties achieves record bookings of ₹5,200 crore in Q2 FY25
Godrej Properties reported bookings of ₹5,200 crore in Q2 of FY25, from the sale of 5.1 million square feet of residences, with strong demand coming […]
CREDAI’s strategic collaboration with IIMA unveils advanced real estate leadership programme
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has collaborated with the Indian Institute of Management Ahmedabad (IIMA) to launch the Real Estate […]
Lodha sells houses worth ₹4290 crore in Q2FY25
Macrotech Developers, which sells houses under Lodha brand, sold houses worth ₹4,290 crore in Q2FY25, up 21 per cent on year, while it also added […]
Bengaluru: Poulomi Estates to build ₹800-cr residential project
Real estate company Poulomi Estates has announced its expansion to the Bengaluru market with an ₹800crore premium high-rise project in Manyata Integrated Township in Thanisandra. […]
Home sales, office leasing show robust growth in 2024 so far
Home sales in the first nine months of 2024 rose 9 per cent on year to over 2.6 lakh units led by higher priced homes, […]
Property Share files for first SM REIT scheme to raise ₹353 crore
Property Share Investment Trust, registered as a small and medium real estate investment trust, has filed the draft scheme document for PropShare Platina, its first […]
Mumbai property sales in September fall due to ‘shraadh’ period
A little over 9000 properties were registered in Mumbai in September, showing a fall both year-on-year and sequentially as the inauspicious shraadh period dampened buying […]
Institutional investments in real estate advance 45% in July-September: Colliers
Institutional investments in real estate grew 45 per cent to nearly $1.15 billion in July-September with investors looking to encash the strong demand for premium […]
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 not displaying registration number as […]
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 quarter on high demand for […]
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 this regard was taken by Chief […]
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, Raymond and Raymond Realty will […]
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 deals in Mumbai and Bengaluru […]
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 rising investor and buyer demand, […]
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, while office rentals have also […]
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 to a slowdown in construction […]
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. The project is expected to […]
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 Woodscapes, in Bengaluru. The […]
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 outright will accommodate the construction […]
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, One Paramount 1 tech park […]
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 around 11570 units being registered […]
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 in demand, both in homes […]
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 investment of $123.5 million to […]
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 Limited (TNIHPL) – and jointly […]
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 Capital, family trusts, and certain […]
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 as the total assets under […]
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 Bengaluru, buoying hopes that the […]
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 Ambuja Neotia Group has received […]
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 would develop built-to-suit assets 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 Birla Group, has announced expanding […]
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 — especially in GIFT IFSC — […]
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 space to ₹8,000-10,000 crore by […]
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 in a funding round led […]
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 the total leasing volume of […]
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 apartment, office, retail and luxury […]
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 ₹1.1-lakh crore, up around 40 […]
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 – in Chennai. Spanning 130,000+ sq. […]
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 get a second Trump tower, […]
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 announcement comes post the company’s […]
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 stressed residential real estate projects […]
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 in Thane. The Group has […]
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 Gurugram into a luxury housing […]
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 2028, across seven major cities […]
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 square feet and a potential […]
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 sequentially, while stamp duty revenue […]
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 ended March 31, 2024, at […]
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 33,420 units, during January-March this […]
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 to Square Yards Data Intelligence, […]
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 a 10 per cent fall […]
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, while also winning four national […]
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 include 270 apartments with a […]
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 area in the last few […]
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 its expansion plan. In a […]
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 year, to build housing projects […]
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 last fiscal, driven by rent […]
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 rapidly scaling up their portfolios […]
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 FY24 on the back of […]
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 A assets from Bharti Enterprises, […]
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 crore for FY25, will focus […]
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 of the city was slum, […]
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 quarter ending March 31, 2024. […]
