Category: Real Estate
₹6,200-cr 3-phase expansion plan proposes to treble GIFT City area to 3,430 acres
A capex of an estimated ₹6,200 crore will be spent on developing infrastructure in the expanded area of GIFT City in Gujarat. However some of […]
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 the “world’s largest corporate office […]
Property registrations in Hyderabad up 25% YoY in October
Hyderabad recorded registration of 5,787 residential properties in October 2023, a rise of 25 per cent on year but down 8 per cent sequentially, Knight […]
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 to tap rising consumer demand […]
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. In an interview with businessline, […]
‘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 softening, capital getting cheaper, hiring […]
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 Bengaluru with a project in […]
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 account of higher cost of […]
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 net carbon emissions to zero […]
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 50–80 per cent in the […]
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 have any immediate impact on […]
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 their giving up office space, […]
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 projects, according to JLL. Notably, […]
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 in Gurugram for ₹597 crore. […]
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 overruns of more than ₹4.31 […]
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 amended the Special Economic Zone […]
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 than the 70 million square […]
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 space and office owners, who […]
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 in new office supply across […]
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 amid strong demand, its MD […]
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 advisory Knight Frank in itsNew […]
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 25 per cent y-o-y in […]
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 Rs 81 crore, sale registration […]
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 a stage where green material […]
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 lakh crore in the first […]
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, mixed-use, industrial, logistics, ultra-luxury residential […]
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 seats and 8 million square […]
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 the Oberoi Realty’s plush project […]
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, for business development, and, in […]
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, constituting a third of the […]
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 total Grade A office stock […]
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 Dubai-based Luxe Port Group of […]
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 ago. The city registered 9643 […]
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 internal process for the fund […]
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 terms of volumes and over […]
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 India being one of the […]
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 construction management tools and systems […]
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 billion people, according to real […]
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 the whole of last year […]
