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.
BUSINESS
Demand for dark stores touched about 24 million sq ft in 2023. Here's a deep dive into the concept
Dark stores are expanding across Indian cities at a rate of 40 percent YoY, experts estimate. However, despite such rapid growth of the dark store network, experts expect that only 10-15 percent of them are organised.
BUSINESS
DDA sells over 1,100 flats in four hours on the first day of booking
Single-window enquiries on website, seamless information and handing over all property-related and ownership documents to buyers have contributed towards generating customers' confidence and trust towards the DDA, according to officials.
BUSINESS
Yamuna Expressway Authority to launch 2,000 residential plots near Noida airport during Navratri
The allotment rate is likely to be around Rs 25,900 per square metre, at which the smallest 120 sq m plot will cost around Rs 31.08 lakh while the 162 sq m plot Rs 41.95 lakh.
BUSINESS
Dwarka Expressway, Noida-Greater Noida Expressway drive the real estate boom in the region
Both the Dwarka and Noida-Greater Noida expressways have made commuting easy to and from these satellite towns. Experts say this enhances the appeal of the new condominiums that have come up along the routes and which boast new-age amenities, with malls and offices, and social infrastructure like schools and hospitals in the vicinity.
BUSINESS
County Group secures development rights of 7.9-acre land parcel in Gurugram for Rs 105 crore
The land parcel is located at village Harsaru, sector 88A, in Gurugram near Dwarka Expressway. The developer paid a stamp duty of Rs 2.27 crore for the registration of the agreement, the documents showed.
BUSINESS
Relief for over 1,000 Noida homeowners as developer pays YEIDA dues, clears way for registry
ATS Realty's payment of Rs 130 crore, 25 percent of its dues, will also revive its township project on the Yamuna Expressway
BUSINESS
GNIDA selling commercial plots near Noida Airport; 5 things to know
These plots will be used to build commercial complexes and malls in the Greater Noida region, ofiocials say. The cumulative value of these 22 plots at the reserve price is Rs 1,603.3 crore
BUSINESS
Will proposed industrial smart cities drive real estate boom?
The real estate experts foresee an uptick of about 15-20 percent in these towns in next couple of years and anticipate a growth in the housing and commercial space demand, provided the projects are executed on time.
BUSINESS
Omaxe Group launches 'The Omaxe State' with Rs 2500 cr investment in Delhi’s Dwarka
The Omaxe State in Dwarka Sector 19B is expected to be completed by 2027 and will have a revenue development potential of Rs 4,200 crore. The project will be India’s first integrated 5-in-1 destination with sports, retail, hospitality, food and culture arena featuring a state-of-the-art cricket-cum-football stadium.
BUSINESS
Godrej Properties buys 2 land parcels in Gurugram for Rs 515 crore, eyes Rs 3,400 crore top line
One of the plots meant for group housing is on the Golf Course Road and the other in Sector 39, close to the Delhi-Jaipur highway
BUSINESS
NBCC sells entire office and commercial inventory at WTC and Downtown for Rs 14,800 crore
NBCC through multiple auctions has sold entire office space measuring 32.88 lakh sqft, valuing Rs 13,408.7 crore at WTC, Nauroji Nagar, New Delhi. Similarly, the NBCC has successfully sold the entire commercial and retail inventory of 3.64 lakh sqft valuing approximately Rs 1,391 crore at Downtown in Sarojini Nagar.
BUSINESS
Office space leasing to hit record 80 mn sqft in 2024, Bengaluru, Mumbai to see highest growth
In terms of the cities, Bengaluru, Mumbai, Hyderabad, and Kolkata recorded the highest-ever office leasing figures in H1 2024. Bengaluru and Mumbai saw the highest growth of 132 percent and 71 percent respectively on y-o-y basis, followed by Hyderabad and Kolkata.
BUSINESS
Yamuna Expressway Authority to spend Rs 14,000 crore for acquiring 6,000-hectare land in next 5 years
According to the officials, of the total 6,065 hectares, 4,076 hectares will be acquired through land acquisition process and 1,609 hectares will be purchased directly from farmers through mutual agreement while 380 hectares will be reclaimed as it is the government land.
BUSINESS
Fractional ownership platform hBits to list first SM REIT by Q3, applies for licence
After the launch of its first SM REIT, the platform will migrate its existing properties into SM REITs over the next few quarters
BUSINESS
DDA's e-auction for luxury apartments, penthouses in Sept.
The reserve prices for a DDA penthouse is Rs 5.19 crore while that for Super HIG luxury apartments it is Rs 2.59 crore. The reserve price for 3BHK HIG units is between Rs 2.1 crore and Rs 2.28 crore and that for MIG 2BHKs units will start at Rs 1.28 crore.
