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Ashish Mishra

Prinicipal Correspondent

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With OC in bag, DLF expects two ‘Downtown’ commercial towers help achieve Rs 6,700 crore in rentals earnings

BUSINESS

With OC in bag, DLF expects two ‘Downtown’ commercial towers help achieve Rs 6,700 crore in rentals earnings

DLF’s rental portfolio currently has operating assets of about 43-44 million square feet (msf), and includes office parks, IT/ITeS SEZs, retail spaces and hospitality ventures. The vacancy levels across DLF rental portfolio stand at 6 percent.

Housing rentals in metros jump up to 15.7% in Q1 2025; Bengaluru, Pune lead

BUSINESS

Housing rentals in metros jump up to 15.7% in Q1 2025; Bengaluru, Pune lead

Mumbai property market saw an appreciation of 10.2 percent in property rentals while Delhi witnessed an uptick of 7.3 percent in January-March.

MMR rents soar 28%, now India’s costliest office market; Hyderabad & NCR close behind

BUSINESS

MMR rents soar 28%, now India’s costliest office market; Hyderabad & NCR close behind

This significant rise in office rentals is attributed to the post-pandemic rebound and sustained demand for premium office spaces in top hotspots like MMR, Delhi NCR, Hyderabad and Bengaluru, the report said.

Sonipat emerges as real estate hotspot fueled by infrastructure upgrades, improved connectivity

BUSINESS

Sonipat emerges as real estate hotspot fueled by infrastructure upgrades, improved connectivity

Infrastructure development projects such as the upcoming Regional Rapid Transit System, the extension of Delhi Metro’s Yellow Line and the proposed Delhi-Mumbai Industrial Corridor (DMIC) are fuelling the real estate demand in the city.

Dutch chipmaker NXP eyes new unit in Greater Noida under $1 billion expansion plan

BUSINESS

Dutch chipmaker NXP eyes new unit in Greater Noida under $1 billion expansion plan

Sievers met with the UP chief minister during the Semicon event and later followed up with discussions in October 2024, signalling a strong intent to deepen the company's footprint in India.

Premiumisation wave sweeps India's malls and high streets, fuels demand for Grade A+ spaces

BUSINESS

Premiumisation wave sweeps India's malls and high streets, fuels demand for Grade A+ spaces

According to a Cushman and Wakefield report, around 12.3 million square feet of new Grade A and Grade A+ mall supply is expected over the next two years across the top 8 cities.

German IT firm leases 7 lakh sqft office space for Rs 2.9 crore monthly rent in Gurugram

BUSINESS

German IT firm leases 7 lakh sqft office space for Rs 2.9 crore monthly rent in Gurugram

The tenure of the lease is 12 years. The agreement mentions 12 percent escalation in lease rent at the end of every three years.

DLF gives sales guidance of Rs 20,000-Rs 22,000 crore for FY26; to launch Dahlias phase 2 in Q3FY26

BUSINESS

DLF gives sales guidance of Rs 20,000-Rs 22,000 crore for FY26; to launch Dahlias phase 2 in Q3FY26

The company executives said that DLF has a very strong launch pipeline for FY2025-2026 and it is expected to launch its new housing projects in Mumbai and Gurugram in the first quarter of FY26 while the second phase of its super-luxury offering The Dahlias in Q3FY26.

Ex-Indian cricketer Shikhar Dhawan buys super-luxury apartment for Rs 69 crore at DLF’s Dahlias in Gurugram

BUSINESS

Ex-Indian cricketer Shikhar Dhawan buys super-luxury apartment for Rs 69 crore at DLF’s Dahlias in Gurugram

Documents showed that if computed on the super area basis, then the per square feet rate of the flat is Rs 1,08,631, making the deal one of the costliest transactions in India

Hyderabad rising: Infra, affordability, economy powering realty surge

BUSINESS

Hyderabad rising: Infra, affordability, economy powering realty surge

These advantages need to be sustained through long-term urban planning and policy support for Hyderabad to realise its future potential, experts said.

O3 Plus cosmetic founder Vineet Kapur buys bungalow in South Delhi’s Vasant Vihar for Rs 72 crore

BUSINESS

O3 Plus cosmetic founder Vineet Kapur buys bungalow in South Delhi’s Vasant Vihar for Rs 72 crore

The documents showed that the property, located in upscale Vasant Vihar neighbourhood, measures 6,160 square foot (663 square metres) of space. The transaction was registered in the first week of April and the buyers paid a stamp duty of Rs 1.8 crore for the property registration.

Hyderabad, Delhi-NCR to dominate new mall supply as Tier-I cities look set to add more retail spaces

BUSINESS

Hyderabad, Delhi-NCR to dominate new mall supply as Tier-I cities look set to add more retail spaces

The ANAROCK note said that with demand-supply imbalance normalizing, mall vacancy rates in top seven cities will stabilize over the next two years near current levels of 8.2 percent, cooling down from a 2021 high of 15.5 percent.

Bharti Real Estate to invest Rs 20,000 crore in commercial space in Delhi’s Aerocity: CEO

BUSINESS

Bharti Real Estate to invest Rs 20,000 crore in commercial space in Delhi’s Aerocity: CEO

The company plans to develop over 17 million square feet in three phases — Worldmark 2.0, 3.0 and 4.0. Half of the office space in Worldmark 2.0 has already been leased, SK Sayal has said

Trump Residences Gurugram sells out in a day, secures Rs 3,250 crore

BUSINESS

Trump Residences Gurugram sells out in a day, secures Rs 3,250 crore

A statement said that the apartments at Trump Residences Gurugram are priced between Rs 8 crore and Rs 15 crore and all 298 homes were absorbed on Day 1 of the launch

Indo-Pak Standoff: How the real estate sector fares in times of war

BUSINESS

Indo-Pak Standoff: How the real estate sector fares in times of war

Experts said that past wars and conflicts have taught us that war can temporarily slow down market sentiment and freeze decisions, but they cannot break India's real estate market. Due to the Indo-Pak tension, there may be some short-term sluggishness in the market, but there is no question of an outright plunge.

Indo-Pak tensions could dent north India home sales by 5-10%: ANAROCK

BUSINESS

Indo-Pak tensions could dent north India home sales by 5-10%: ANAROCK

While luxury housing buyers tend to delay purchases in periods of uncertainty, demand for mid-income housing will be the first to recover once normality is restored.

Indo-Pak showdown: Real estate body offers to build military, housing facilities

BUSINESS

Indo-Pak showdown: Real estate body offers to build military, housing facilities

CREDAI has offered to assist in the construction of military buildings, bunkers, roads, housing for displaced people, if need arises, within accelerated deadlines.

Amid Indo-Pak tensions, CREDAI writes to Modi, offers real estate expertise for national infra, proposes swift construction

BUSINESS

Amid Indo-Pak tensions, CREDAI writes to Modi, offers real estate expertise for national infra, proposes swift construction

Tensions escalated after Indian armed forces early on April 7 carried out missile strikes on nine terror targets in Pakistan and Pakistan-occupied Kashmir (PoK), including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke, in retaliation for the April 22 terror attack in Kashmir's Pahalgam.

India's major housing markets see price plateauing after flat quarters

BUSINESS

India's major housing markets see price plateauing after flat quarters

Average prices in Bengaluru rose to Rs 7,881 per sq ft, while in Hyderabad, touched Rs 7,412 per sq ft. In contrast, key mature markets such as Delhi NCR, Mumbai Metropolitan Region, Pune and Chennai, recorded no quarterly change in prices, suggesting a plateauing of prices.

Prestige Group enters NCR with Ghaziabad project, eyes Rs 12,000 crore revenue

BUSINESS

Prestige Group enters NCR with Ghaziabad project, eyes Rs 12,000 crore revenue

The Prestige City-Indirapuram, a mix of residential and commercial development, will be executed in two phases.

Distressed deals fuel Adani Realty and Prestige’s hold on Mumbai realty market

BUSINESS

Distressed deals fuel Adani Realty and Prestige’s hold on Mumbai realty market

Real estate developers like Prestige Estates and Adani Realty, among others, are leveraging stalled projects to make a mark in their non-native market.

Western India drives 33 percent surge in home deliveries in FY25; Delhi-NCR lags

BUSINESS

Western India drives 33 percent surge in home deliveries in FY25; Delhi-NCR lags

Data showed that Western India (Mumbai, Navi Mumbai, Thane and Pune) accounted for 55 percent of the total homes delivered in FY25, a rise from 53 percent in FY24 while Southern India (Bengaluru, Chennai and Hyderabad) accounted for a 30 percent share, a rise from 28 percent in FY24.

Explainer: What New Noida holds for the region's growth

BUSINESS

Explainer: What New Noida holds for the region's growth

According to Noida and Greater Noida authority officials, demand for land from industrial, commercial, residential and other investment projects has far outstripped supply, and hence expansion is needed. Around 21,000 hectares of land will be required forNew Noida.

Greater Noida's premium leap; NCR sees unsold stock decline despite price rise

BUSINESS

Greater Noida's premium leap; NCR sees unsold stock decline despite price rise

According to Anarock data, average residential prices in Greater Noida increased from Rs 3,340 per square foot (sq. ft.) in Q1 2020 to Rs 6,600 per sq. ft. in the end of Q1 2025. At 92 percent, Noida recorded second-highest average price rise from Rs 4,795 per sq. ft. in Q1 2020 to Rs 9,200 per sq. ft. by Q1 2025. Similarly, Gurugram witnessed an 84 percent jump in prices from Rs 6,150 sq. ft. to Rs 11,300 per sq. ft. in this period.

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