BUSINESS
Mumbai's tallest tower to get its twin, developer MICL says new housing stock slowing sales
MICL's Managing Director Manan Shah said in an interaction that due to an abundance of choice in Mumbai's luxury real estate market, the timeline to convert a customer into a buyer has become longer although sales velocity remains high in key localities
BUSINESS
Trump Organization launches its first commercial real estate project in India
Tribeca is the exclusive licensor of the Trump brand in India, in collaboration with Donald Trump's The Trump Organisation.
BUSINESS
Mumbai housing redevelopment: A Rs 3 lakh crore opportunity hobbled by small land parcels, long gestation periods
Only a handful of the nearly 700 definitive agreements signed for redevelopment involve relatively large land parcels, narrowing developers' opportunities for a large free-sale component. A convoluted process and potential litigation may lengthen the wait for new homes.
BUSINESS
Adani Realty makes steady gains in Mumbai's redevelopment market
With the latest redevelopment rights in Motilal Nagar, Adani Realty continues to expand its presence in Mumbai’s real estate market. Alongside projects like Dharavi and Bandra Reclamation, the company is taking on large-scale redevelopment, focusing on urban transformation and integration within the city's evolving infrastructure landscape
BUSINESS
Cautious but confident, says DLF management as it prepares for Mumbai re-entry
DLF has partnered with the Trident Group for setting up what it calls a 'premium' residential project through a slum redevelopment project in Andheri (West). The first phase of the project is expected to have around 9 lakh square feet of saleable area.
BUSINESS
NDR InvIT buys 900,000 sq ft warehousing space in Surat in cash-units transaction
The acquisition is part of the Rs 706-crore investment plan to acquire fully leased warehousing assets in Surat, Pune, Bengaluru and Hyderabad
BUSINESS
Plan to increase number of India licensees to 50: World Trade Centers Association
As we speak, the WTCA has granted more than 20 licences to a range of developers in India, primarily to develop offices. But the organisation hopes to change that.
BUSINESS
Abhishek and Abhinandan Lodha’s mother writes to both sons, asks them to resolve differences
Abhishek and Abhinandan Lodha are currently embroiled in a legal dispute regarding the Lodha brand. The matter is currently in mediation, after the elder Lodha filed a brand infringement suit against his younger brother over an "infringement" in the usage of the 'Lodha' brand.
BUSINESS
Prestige Estates sees inventory buildup in luxury housing, calls for more mid-income, premium supply
Market observers have warned of a slowdown in the luxury housing segment, particularly in the above-Rs 4 crore category, with registration data showing a decline in sales pace for marquee projects in markets like Mumbai.
BUSINESS
ICICI Prudential AMC fund buys office space in Pune for Rs 177 crore, leases it back
The investment was made by ICICI Prudential Office Yield Optimiser Fund, a category-II alternative investment fund, through a special purpose vehicle that it holds shares in. It leased back the property at a starting rate of Rs 77.50 per square foot per month, with a 5 percent escalation every year built in over the five year tenure, which is locked in
BUSINESS
Eyeing revenue of Rs 19,000 cr from new phase of investment, says Surendra Hiranandani
House of Hiranandani is investing Rs 12,500 crore into project launches, chiefly in the Mumbai metropolitan region, to "deepen its presence" in the market. This includes luxury residential projects, as well as commercial offerings
BUSINESS
Setback for Oberoi Realty as SC stays Sahara's Versova land development over environmental, valuation concerns
The court also ordered that the Rs 1,000 crore that Oberoi Realty had deposited with the court due to its interest in the project should be returned with interest
BUSINESS
Have not seen any slowdown in real estate market, good offtake in projects across categories: Rustomjee MD
Boman Irani, the managing director, said that a slowdown in real estate sales may trouble non-capitalised developers as some would-be buyers may defer purchase decisions, while adding that inventory in markets such as the Mumbai Metropolitan Region, India's largest housing market, remains at comfortable levels.
BUSINESS
Major developers make a beeline for Pune as demand for luxury homes rises
Real estate observers in the city added that an optimum mix of technology, financial services and manufacturing job profiles in the city has helped drive sales, in the luxury segment.
BUSINESS
US metal tariffs may hit Indian steel firms, but Hindalco-backed Novelis could be a key beneficiary
While India is not a major exporter of primary steel or aluminium to the US, analysts said that local manufacturers could feel the pinch if excess steel capacity in China and South Korea is directed towards India.
BUSINESS
Long-struggling affordable housing segment sees ray of hope after RBI cuts key policy rate
With rising construction costs, high home loan interest rates, thin margins and more lucrative opportunities in mid, premium, and luxury housing, large developers have continued to vacate the affordable housing space, and reduced supply has pushed up prices for affordable housing units.
BUSINESS
Home loan interest rate: EMI relief for home loan borrowers as RBI slashes repo rate by 25 bps
A decrease in the repo rate will now prompt banks to lower their lending rates, making home loans more affordable.
BUSINESS
Godrej Properties sees more 'balanced' growth in FY25, hopes to improve Bengaluru, Pune business
While acknowledging slowing growth in India, the company's management said that it has not seen any marked slowdown in real estate sales till date, despite the company’s sales bookings dropping by around 5 percent YoY
BUSINESS
Uniquely placed in the US, Texas facility crown jewel: Waaree Energies CEO
"Depending on whichever way the US policies shape up, we will be in a good position. We can send modules from India to the US, or we can manufacture modules in the US. We can turn the knob based on how the policy landscape evolves," says Paithankar.
BUSINESS
Explained: How the budget’s TDS measures can spur rental housing growth
With overall rental yields from residential real estate being low nationally, the increase in the TDS threshold is expected to primarily benefit landlords and tenants in the metros and large cities.
BUSINESS
GCC framework proposed in Budget for Tier 2, 3 cities can boost real estate demand, say experts
India is home to more than 1,600 GCCs, employing more than 1.5 million people. In 2024, 28 percent of all office space leased was to set up GCCs
BUSINESS
Budget 2025: Ramp-up in PMAY-Urban 2.0, new allocation for industrial housing
The PMAY-U 2.0 was announced by the Union government in August 2024, with implementation for a five year period starting from September 1, 2024. The rental housing scheme for industrial workers, on the other hand, will be funded by the Union and state governments on a viability gap funding basis, with private entities required to fund the rest
BUSINESS
Higher TDS threshold for tax deducted at source for rental income can unlock new housing, say experts
In her speech, the finance minister said that the measures are intended to reduce the number of transactions liable under TDS, benefiting small taxpayers receiving smaller payments.
BUSINESS
Negligible small enterprises in UP, hardly any factories in Bihar, finds Eco Survey 2025
In contrast, Tamil Nadu has the highest number of factories per person, followed by Gujarat
