BUSINESS
India’s real estate sector set to cross $4.8 trillion by 2047, contributing 18% to projected $26-trillion GDP
The EY-CREDAI report also highlighted that the proptech segment will cross $600 billion in market size by 2047, accounting for 12-13 percent of the entire real estate industry.
BUSINESS
Delhi’s Khan Market remains India’s most expensive retail high-street, 22nd globally
Delhi-NCR now hosts India’s top three most expensive retail high streets which include Khan Market, Connaught Place and Galleria Market (Gurgaon). Anna Nagar in Chennai is the most affordable high-street market in the APAC region.
BUSINESS
Noida, Greater Noida housing markets see sales value surging 34%, registrations rising by 6% in Q3CY2024
The residential market in Noida has witnessed a substantial surge, with the average home sales value crossing the Rs 1 crore mark—a 41 percent year-on-year growth. A total of 8,128 residential properties were registered with IGR in Noida and Greater Noida between July and September 2024.
BUSINESS
Breathe Today, Build Tomorrow: Developers fume, say Delhi construction ban will delay projects
Developers and experts said the ban will also impact builders and homebuyers, as a one-month ban delays a project by at least two to three months.
BUSINESS
Only PM Modi, Trump, Putin and China matter on the world forum: DLF’s Chairman Emeritus, KP Singh
KP Singh holds “poor urban infrastructure” responsible for the rising pollution and toxic air in Delhi NCR and calls for “drastic measures” in master-planning as course correction.
BUSINESS
Silver lining: India's senior living housing sector to skyrocket over 300% by 2030, to hit $7.7-billion mark
The estimated target market for senior living facilities is projected to grow from 1.57 million households in 2024 to 2.27 million by 2030, the report highlighted.
BUSINESS
From Dwarka to Yamuna Expressway: Infrastructure upgrades fuel new realty hotspots across NCR
Many areas such as Sohna Road, Raj Nagar Extension, New Gurugram and Meerut are emerging as new booming realty hubs in the NCR.
BUSINESS
All you need to know about proposed American style city near Noida Airport
The “American City” project will consist of a school, college and an international institute that will have facilities for performing arts. The proposed city will also have commercial complexes, American styled luxury residences and entertainment hubs.
BUSINESS
After Ayodhya, HoABL to invest in Vrindavan, Varanasi; pump Rs 3,000 cr in 6 projects
The company has recently concluded the acquisition of over 352 acres across Vrindavan, Varanasi, Amritsar, Shimla, Nagpur, and Khopoli (near Mumbai).
BUSINESS
Office space absorption grows 30% in 9 months of 2024, Bengaluru leads top 6 cities
Data trends show that absorption of office spaces across six major Indian cities has reached 55.1 million square feet in the January-September 2024 period. The office space demand is expected to surpass 70 million square feet by the end of 2024
BUSINESS
Noida real estate market: property prices more than double in last five years
According to PropEquity data, the weighted average price of new launch projects in Noida have surged by around 152 percent to Rs 14,946 per square feet (psf) in 2024 (till September 2024) from Rs 5,910 psf in 2019 in pre-Covid times.
BUSINESS
Yamuna Expressway Authority launches scheme for residential plots near Noida airport
The newly launched residential plots are available in five different categories, primarily targeting mid-income group buyers. Registrations for the scheme will close on November 30, 2024.
BUSINESS
QIP issuances by real estate developers hit Rs 12,801 crore in Jan-Sept 2024, second highest after renewable energy
Between January and September 2024, QIP issuance across all sectors stood at Rs 75,923 crore, with real estate comprising a 17 percent share after renewable energy with 19 percent.
BUSINESS
President or not, demand for Trump Towers on the rise in India
Two Trump Towers have been completed in Pune and Mumbai and two more are under construction in Gurugram and Kolkata, and at least four additional towers are in planning
BUSINESS
Diwali set to light up real estate sales; inquiries up by 15-20%: Developers
Experts said attractive interest rates on home loans and the cultural inclination to make significant investments such as buying real estate during Diwali are adding to the sales glitter.
BUSINESS
DLF likely to launch the first phase of Mumbai project in Q4FY25
DLF Ltd's Mumbai project is located at Andheri (West). It is a Slum Rehabilitation Authority (SRA) venture, which is being developed in partnership with the Trident Group and marks the listed realty major's re-entry into the competitive Mumbai market.
BUSINESS
DLF confident to achieve sale guidance despite a drop in sales bookings in Q2FY25, says CEO
DLF Ltd on October 25 reported a 121 percent YoY jump in its consolidated net profit at Rs 1,387 crore for the quarter ended September 30, 2024. The company had posted a net profit of Rs 628 crore in the year-ago period, the company said in a regulatory filing.
BUSINESS
DLF Q2 results: Net profit rises 121% to Rs 1,387 crore
DLF's consolidated revenue surged 48% YoY to Rs 2,181 crore in the September quarter
BUSINESS
Realty firms Eldeco, Purvanchal Projects, Arihant Buildwell buy group housing plots near Noida airport
YEIDA has earned Rs 1,034 crore through the allotment of these group housing plots. The plots will be allotted to developers for the construction of group housing projects in another three months after the necessary formalities, including payments and approvals, are completed, according to an Authority official.
BUSINESS
Developer Elan Group secures Rs 1,200-cr investment from Kotak Real Estate Fund
Elan Group’s portfolio consists of 15 projects comprised of residential, retail, commercial and hospitality. These projects are spread across Gurugram and New Delhi and offer a cumulative built-up area of approximately 25 million square feet.
BUSINESS
Flex space provider 'The Executive Centre' plans to invest Rs 125 crore to expand across India
The Hong Kong-based company is set to open eight more centres across Chennai, Hyderabad, Mumbai, Bengaluru, Gurgaon and New Delhi, with three centres already operational. The new investment will add over 2.6 lakh sq ft of office space to TEC India’s portfolio, the company said.
BUSINESS
DLF to launch ultra-luxury Dahlias project in Gurugram, touted to be the most expensive in India
The Dahlias project has a revenue potential of around Rs 34,000 crore, with the average ticket size of an apartment expected to be around Rs 100 crore, according to PropEquity.
BUSINESS
DLF to construct three new malls, grow commercial portfolio: Sriram Khattar
One mall each will come up at Moti Nagar in central-west Delhi, at DLF Phase-5 in Gurugram, and in Panjim, Goa, DLF’s Vice Chairman and MD (Rental Business) Sriram Khattar told Moneycontrol in an interview.
BUSINESS
Listed developers shy away from affordable housing segment amidst rising costs, lack of incentives
Local developers in real estate hotspots like Bengaluru, Delhi, and Mumbai continue to gain from the demand, triggered by the middle-class aspiration of owning a house.
