BUSINESS
Over 600 homebuyers in Greater Noida West project to get flats under reverse insolvency process
The project, RG Luxury Homes, obtained the OC for towers D, E and F. Last year the group had obtained OC for four towers namely A, B, C and M, comprising 850 units.
BUSINESS
Housing supply in top 9 cities drops 33%, sales fall 21% in Q4 CY24; Hyderabad sees biggest drop in supply
According to data from real estate data analytics firm PropEquity, housing supply fell to 85,765 units in October-December 2024 compared with 1,27,936 units in the same period last year.
BUSINESS
Annual leasing volume in Logistics & Industrial sector set to exceed 50 msf; Pune, Chennai, Bengaluru top demand
Market diversification to new alternate corridors is expected for the L&I sector in 2025 owing to rising land prices and a steady increase in construction cost. The E&M and retail sectors, along with 3PL operators, remain primary drivers of demand for the L&I space, according to experts.
BUSINESS
A bumper year for residential real estate, but affordable housing woes may persist in 2025
Developers expect the momentum in premium and luxury housing to continue in 2025 after a stellar 2024 marked by strong pre-sales and price increases. However, the outlook for affordable housing remains uncertain, with developers continuing to exit the segment and homebuyers holding back due to interest rate and inflationary pressures.
BUSINESS
Imposing GST on FSI charges could increase housing prices by 10%, adversely impact demand: Developers
Developers said that such additional charges will make affordable housing projects economically unviable, potentially pushing the prices upwards by 7-10 percent and directly impacting the purchasing power of the middle-class segment
BUSINESS
Demand growth to outpace supply in the luxury hospitality segment
Existing luxury hospitality stock represents only 17 percent (29,000 keys) of the overall Indian branded hotel inventory, and there’s also headroom for growth in the ARR.
BUSINESS
Housing prices surge up to 65% in top 30 Tier-II cities, Raipur stays most affordable
Jaipur saw the highest rise in weighted average price of newly launched projects at 65 percent from Rs 4,240 per sqft to Rs 6,979 per sqft in last one year
BUSINESS
Explained: Hill stations redefine second-home market amid boom for residential properties
Hill stations such as Nainital, Dehradun, Shimla, Panchkula, Kasauli and Rishikesh have emerged as second-home hotspots in India. Affordability, tranquility, lifestyle upgrade, accessibility and long-term return on investment are the key factors driving the surge in demand, data shows.
BUSINESS
Year-ender 2024: Office leasing to reach record high of 85 msf, GCCs remain key demand driver
The calendar year of 2024 is likely to end with a historic high gross leasing volume of office spaces at 85 msf. The surge in demand coupled with a relatively slower supply could lead to vacancy rates falling sharply to 17 per cent as of end-2024, data shows.
BUSINESS
Millennials prefer home ownership, homes up to Rs 2 crore most favourite: Survey
The survey, covering over 450 respondents from 35 cities, showed that around 54 percent of prospective buyers, based in Tier 1 cities, are looking to purchase a home priced up to Rs 2 crore, and 32 percent have a budget of Rs 2.1 crore to Rs 4 crore.
BUSINESS
Residential property demand in Bengaluru up by around 6 percent during festive season
According to data from Magicbricks, the housing demand during the festive season between October 16 and November 15 this year increased 5.97 percent as compared to September 15 and October 15.
BUSINESS
Data centres to attract investments of $100 billion by 2027, capacity to reach 2070 MW by the end of 2025: CBRE
India’s current data centre capacity stands at 1,255 MW, and it is projected to further expand to around 1,600 MW by the end of this year. It is expected to reach around 2,070 MW by the end of 2025, according to the CBRE report.
BUSINESS
Despite slowdown in urban demand, vacancies in shopping malls see a drop, down to 8.3%
The fall in mall vacancies is coming at a time when there is widespread concern about a slowdown in urban demand and an overall slowdown in India’s economic growth. India’s GDP for Q2 of FY25 came in at 5.4 percent, much lower than expected. In its latest monetary policy committee meeting, the Reserve Bank of India cut the GDP forecast for FY25 to 6.6 percent from its previous estimate of 7.2 percent.
BUSINESS
Yamuna Expressway Authority receives 1.12 lakh applications for 451 plots near Noida airport
Real Estate experts said that such an overwhelming response underlines the residential demand in the area neighbouring Noida Airport. Industry data shows land prices in areas like Jewar have appreciated by 40-50 percent over the last two years
BUSINESS
Chennai, Kolkata report maximum rise in construction cost for warehousing and manufacturing since H1 2020
India’s logistics and warehousing industry is on the brink of a significant transformation. This is largely because the nation is emerging as a global manufacturing hotspot, according to Sumit Rakshit, MD, Project Management Services, Savills India.
BUSINESS
DLF expects 28 percent growth in its rental EBITDA by end of FY26
DLF is constructing three new malls one each at Moti Nagar in central-west Delhi, at DLF Phase-5 in Gurugram and Panjim in Goa. At present DLF has around 5 million square feet of retail portfolio and after these malls are operational, the retail portfolio will increase to around 6.3 million square feet.
BUSINESS
Sale of premium homes doubles in Noida and Greater Noida, July-Sept data shows
It's a boom time for Noida and Greater Noida’s housing market amid growing demand across both mid-range and premium segments. Enhanced Metro connectivity and proximity to the upcoming international airport in Jewar are also playing a significant role in fuelling the robust growth, according to real estate experts.
BUSINESS
All you need to know about 'New Agra' along Yamuna Expressway
'New Agra' will come up along Yamuna Expressway and will roughly be located around 190 km from Noida and around 140 km from the upcoming Noida Airport in Jewar. The land for New Agra will be procured from 60 villages in Etmadpur tehsil of the city of Agra.
BUSINESS
Greater Noida integrated township to launch first group housing plots scheme, eyes over Rs 1,100-cr revenue
The reserve price for the group housing plots in this township has been fixed at Rs 44,400 per square metres. The allotment rate for industrial plots will be Rs 23,900 per square metres and the rate for commercial plots will be Rs 75,400 per square metres
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.
