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Category: Real Estate

Real Estate

₹6,200-cr 3-phase expansion plan proposes to treble GIFT City area to 3,430 acres

  • By admin
  • December 17, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

PM Modi to inaugurate Surat Diamond Bourse tomorrow

  • By admin
  • December 16, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

Property registrations in Hyderabad up 25% YoY in October

  • By admin
  • December 16, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 15, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

Prestige Group to focus on Delhi-NCR and Mumbai markets

  • By admin
  • December 15, 2023
  • 0 comments
4 min read

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, […]

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Real Estate

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

  • By admin
  • December 14, 2023
  • 0 comments
4 min read

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 […]

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Real Estate

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

  • By admin
  • December 14, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

Puravankara reports net loss of ₹11 crore in Q2

  • By admin
  • December 13, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 13, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

Real estate stocks skyrocket as demand hits new highs

  • By admin
  • December 12, 2023
  • 0 comments
4 min read

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 […]

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Real Estate

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

  • By admin
  • December 12, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

REIT portfolios see rejig as IT firms give up office space

  • By admin
  • December 11, 2023
  • 0 comments
4 min read

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, […]

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Real Estate

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

  • By admin
  • December 11, 2023
  • 0 comments
2 min read

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, […]

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Real Estate

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

  • By admin
  • December 10, 2023
  • 0 comments
2 min read

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. […]

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Real Estate

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

  • By admin
  • December 10, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 9, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

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

  • By admin
  • December 9, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 8, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

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

  • By admin
  • December 8, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 7, 2023
  • 0 comments
4 min read

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 […]

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Real Estate

Private capital leading growth factor for commercial real estate in APAC

  • By admin
  • December 7, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 6, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

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

  • By admin
  • December 6, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

IGBC to hold Green Building Congress in Chennai from Nov 23

  • By admin
  • December 5, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 5, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

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

  • By admin
  • December 4, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

WeWork India sees robust growth its operations

  • By admin
  • December 4, 2023
  • 0 comments
4 min read

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 […]

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Real Estate

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

  • By admin
  • December 3, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

Cash-rich realty companies buy up more land

  • By admin
  • December 3, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

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

  • By admin
  • December 2, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • December 2, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

Real estate company White Lotus raises ₹150 cr funding

  • By admin
  • December 1, 2023
  • 0 comments
1 min read

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 […]

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Real Estate

Mumbai property registrations a tad under 10,000 in November

  • By admin
  • November 30, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

DLF to raise ₹800 crore via bonds, say sources

  • By admin
  • November 30, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

2023 set to see record housing sales on sustained demand

  • By admin
  • November 29, 2023
  • 0 comments
3 min read

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 […]

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Real Estate

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

  • By admin
  • November 29, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • November 28, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

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

  • By admin
  • November 28, 2023
  • 0 comments
2 min read

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 […]

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Real Estate

Record leasing by global capability centres in 2023

  • By admin
  • November 28, 2023
  • 0 comments
3 min read

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 […]

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