Real Estate
$3 billion of PE investments flow into real estate in H1 2024
Private equity investments of $3 billion have been made in Indian real estate in the first half of 2024, an increase
2 Minute
Category: Real Estate
Real Estate
Altern Capital launches ₹250 crore real estate fund JIREF I
Altern Capital has launched its maiden SEBI-approved Category II Alternative Investment Fund (AIF), JIRAAF AU INDIA REAL ESTATE FUND —
1 Minute
Real Estate
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
2 Minute
Real Estate
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,
2 Minute
Real Estate
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
2 Minute
Real Estate
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
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Real Estate
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
2 Minute
Real Estate
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
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Real Estate
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,
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Real Estate
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
1 Minute
Real Estate
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
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Real Estate
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,
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Real Estate
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.
2 Minute
Real Estate
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
2 Minute
Real Estate
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
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Real Estate
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,
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Real Estate
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
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Real Estate
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
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Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
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Real Estate
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
3 Minute
Real Estate
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
3 Minute
Real Estate
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
1 Minute
Real Estate
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 —
4 Minute
Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
3 Minute
Real Estate
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 –
2 Minute
Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
2 Minute
Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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,
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Real Estate
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
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Real Estate
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
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Real Estate
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
3 Minute
Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
4 Minute
Real Estate
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
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Real Estate
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
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Real Estate
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
2 Minute
Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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
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Real Estate
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 —
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Real Estate
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,
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Real Estate
13 Indian Cities got 16% YoY increase in Rents – Magicbricks Report
Magicbricks has released its rental update for January-March 2024, indicating a surge in rents across 13 major Indian cities. The
3 Minute
Real Estate
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
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Real Estate
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
5 Minute
Real Estate
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,
2 Minute
Real Estate
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
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Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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
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Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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
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Real Estate
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.
1 Minute
Real Estate
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
3 Minute
Real Estate
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
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Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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,
3 Minute
Real Estate
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
2 Minute
Real Estate
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,
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Real Estate
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
3 Minute
Real Estate
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.
1 Minute
Real Estate
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
1 Minute
Real Estate
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)
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Real Estate
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
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Real Estate
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,
1 Minute
Real Estate
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
2 Minute
Real Estate
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.
2 Minute
Real Estate
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
4 Minute
Real Estate
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
2 Minute
Real Estate
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,
2 Minute
Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
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Real Estate
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,
2 Minute
Real Estate
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
1 Minute
Real Estate
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
3 Minute
Real Estate
How is the infrastructure for Belize real estate development?
infrastructure for Belize real estate development Known for its spectacular coral sand beaches and lush rainforests, Belize is an increasingly
3 Minute
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Real Estate
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 &
1 Minute
Real Estate
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
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Real Estate
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
1 Minute
Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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.
3 Minute
Real Estate
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
4 Minute
Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
1 Minute
Real Estate
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
3 Minute
Real Estate
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
3 Minute
Real Estate
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,
3 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
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Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
1 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
3 Minute
Real Estate
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
3 Minute
Real Estate
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
1 Minute
Real Estate
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
2 Minute
Real Estate
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
6 Minute
Real Estate
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
1 Minute
Real Estate
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
1 Minute
Real Estate
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
2 Minute
Real Estate
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
1 Minute
Real Estate
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.
1 Minute
Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
3 Minute
Real Estate
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
2 Minute
Real Estate
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
2 Minute
Real Estate
‘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
4 Minute
Real Estate
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
1 Minute
Real Estate
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
1 Minute
Real Estate
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
2 Minute
Real Estate
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
1 Minute
Real Estate
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
3 Minute
Real Estate
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
4 Minute
Real Estate
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
3 Minute
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Real Estate
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
2 Minute
Real Estate
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
3 Minute
Real Estate
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
3 Minute
Real Estate
Brookfield India REIT’s Q3 NOI up 89 per cent y-o-y
Brookfield India Real Estate Trust reported an 89 per cent rise in net operating income in the third quarter of
2 Minute
Real Estate
Accommodation platform Amber raises $21 million funding for global expansion
Student accommodation platform, Amber has raised $21 million (₹175 Crores) led by Gaja Capital in its latest funding round. The
2 Minute
Real Estate
Embassy REIT explores acquisition in Chennai, mulls fund-raising
Embassy REIT, the largest real estate investment trust in Asia, will look at inorganic growth options, as it re-explores acquisition
3 Minute
Real Estate
HUDCO looks to increase its exposure to infra projects
Housing and Urban Development Corporation (HUDCO) is increasingly seeing itself as the financier of urban infrastructure projects and not restricted
2 Minute
Real Estate
Transfer of land development rights on a Joint Development Agreement for residential projects to attract GST, rules Telangana HC
In a major ruling, Telangana High Court has dismissed a writ petition by a realtor challenging GST levy on ‘transfer
3 Minute
Real Estate
NRI bookings in GIFT City up sharply in last 2 months, say developers
In the last two months, there has been a significant jump in the number of Non-Resident Indians — including those
3 Minute
Real Estate
Sobha reports Q3 PAT of ₹15.08 crore
Bengaluru-based real estate company Sobha Ltd reported a profit of ₹15.08 crore for the quarter ended December 2023, marking a
1 Minute
Real Estate
Suraj Estate Developers launches residential project ‘Suraj Lumina’ in Mumbai; stock rises
Suraj Estate Developers Limited has launched a new residential project ‘Suraj Lumina’ at Mahim (West), Mumbai. As per the company’s
1 Minute
Real Estate
Office space supply reaches historic low, rentals rising in Mumbai: Vestian
In 2023, Mumbai, India’s financial hub, witnessed a significant 23 per cent year-on-year decline in the supply of new office
2 Minute
Real Estate
Ahmedabad-based real-estate developer launches AIF to raise ₹300 cr
Shivalik Group, an Ahmedabad-based real-estate developer, has launched an Alternate Investment Fund (AIF) to raise ₹300 crore in fast developing
2 Minute
Real Estate
Anarock raises ₹200 crore to boost expansion, innovations
Real estate services company Anarock has raised ₹200 crore led by 360 ONE Asset Management Ltd (earlier known as IIFL
2 Minute
Real Estate
Signature Global partners with landlords to build housing projects worth over ₹5,000 cr in Gurugram
Realty firm Signature Global has tied up with landlords to jointly develop housing projects in Gurugram with a total revenue
3 Minute
Real Estate
VIKSIT BUDGET FOR VIKSIT BHARAT – Ramesh Nair, CEO, Mindspace Business Parks REIT
‘Ecosystem led-growth’— the phrase aptly captures the Union Budget 2024. The Government presented a comprehensive vision of how India can
3 Minute
Real Estate
Embassy REIT achieves FY24 leasing target in 9 months
Embassy Office Parks REIT has already met its full-year’s leasing target of 6.5 million square feet in just 9 months
2 Minute
Real Estate
Budget 2024: Affordable housing, middle class homes, infra spend to boost real estate sector
The announcement made by the Finance Minister in the interim finance budget to launch a housing scheme for middle class
2 Minute
Real Estate
Mumbai property registrations rise 21% y-o-y in January
Mumbai saw 10,927 units registered in January, up over a fifth from year ago and the highest registrations for the
2 Minute
Real Estate
Prestige Group completes ₹1,000-cr residential project in Hyderabad
Prestige Group has announced that it handed over the ₹1,000-crore high-rise luxury residential project–The Prestige Tranquil—in Hyderabad. The 7.85-acre project
1 Minute
Real Estate
Homes sales and launches up, despite price rise, interest rate hike: FinMin report
Post the pandemic, housing prices in India are witnessing a recovery and there has been a 4.3 per cent rise
4 Minute
Real Estate
Chennai residential market is likely to reach pre-Covid sales level in 2024
The Chennai residential market has seen a growth of 5 per cent in home sales at 14,920 units in 2023.
2 Minute
Real Estate
Mindspace REIT’s Q3 net operating income up 10.4% YoY
Mindspace Business Parks REIT reported a 10.4 per cent rise in its net operating income for the December quarter at
2 Minute
Real Estate
Tier-II cities emerge as attractive market for flex office operators
Flexible workspace operators are recognizing the potential of Tier 2 cities, with around 26 major flex office operators recording presence
3 Minute
Real Estate
Over 230 home developers filed for bankruptcy in China last year: Report
Amid the economic crisis in China, an estimated 233 home developers filed for bankruptcy last year, Taiwan News reported quoting
3 Minute
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Real Estate
Global and domestic companies jostle for warehousing space in India
The warehousing and logistics sector in India is experiencing an explosion in demand and supply. Some of the biggest global
4 Minute
Real Estate
Fund inflow in real estate from foreign investors dips 30 pc last yr: Vestian data
The inflow of funds in Indian real estate from foreign investors fell 30 per cent to $2.73 billion last year,
2 Minute
Real Estate
Kolte-Patil Developers aims for ₹2,800 crore sales, eyes Mumbai expansion, says CEO
Pune-based Kolte-Patil Developers ended the first nine months of FY24 with sales of over ₹2,000 crore and is confident of
4 Minute
Real Estate
Affordable housing company SMFG Grihashakti secures Rs 300 cr from NHB
Affordable housing finance company SMFG Grihashakti has secured Rs 300 crore funding from National Housing Bank (NHB). This is the
1 Minute
Real Estate
Zero stamp duty, registration charges for home buyers at Mumbai expo
Developers participating at a real estate expo in Mumbai will be offering houses to home buyers with zero registrations charges
2 Minute
Real Estate
Co-living startup Union Living to invest ₹10 crore; to add 1,000 beds in Mumbai
Co-living startup Union Living has earmarked ₹10 crore for a strategic expansion initiative which will see addition of 1,000 beds
2 Minute
Real Estate
Demand for luxury homes surges in Mumbai’s Pali Hill
The Mumbai real estate market, known for its opulent properties, saw the launch of nearly 150 property units daily, on
2 Minute
Real Estate
Industrial & logistics space demand hit record in 2023 at 38.8 million sq ft in 8 cities: CBRE
Demand for industrial and logistics spaces hit an all-time high across eight major cities last year with leasing activity rising
3 Minute
Real Estate
Tantia Constructions bags ₹7 crore contract from Tripura Govt
Tantia Constructions has received a ₹7 crore work order from the Government of Tripura, Office of the Executive Engineer, PWD
1 Minute
Real Estate
Puravankara launches plotted development project in Chennai, stock surges
Puravankara Ltd has launched a ‘wellness’ themed plotted development project named Purva Soukhyam in Guduvancheri, Chennai. The project comprises over 2,200 plots
1 Minute
Real Estate
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
4 Minute
Real Estate
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
3 Minute
Real Estate
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
3 Minute
Real Estate
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,
2 Minute
Real Estate
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)
2 Minute
Real Estate
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
2 Minute