Gurugram real estate: Birla Estates’ Birla Arika Phase 1 clocks Rs 3,000 crore sales
Birla Arika, a luxury residential project, is spread across 13.275 acres and has a development potential of 2.4 million square feet with seven high-rise towers planned. The project is located off NH-48 at Sector 31 in Gurugram.
DLF Limited invests Rs 496.73 crore to fully acquire DLF Urban from Reco Greens
Following the transaction, DUPL has become a wholly-owned subsidiary of DHDL and therefore of the company. DUPL operates in the real estate sector and has developed the luxury residential project, One Midtown in Kirti Nagar area of West Delhi.
Suryakumar Yadav and wife Devisha buy two apartments in Mumbai for Rs 21 crore
According to documents accessed by Square Yards, Suryakumar and Devisha paid Rs 21.11 crore for the two apartments, with the deal being registered earlier in March.
India’s office leasing hits record 81.7 MSF leasing in 2024, IT/ITES sectors lead demand
The office leasing market also saw most of the demand for large transactions in 2024 as transactions above 100,000 sqft contributed 41 percent of total demand, with a 13 percent YoY increase, particularly in Bengaluru and Pune.
India’s data centre market sees $6.5-billion investments between 2014 and 2024: Report
Mumbai and Chennai dominate the data centre market, accounting for 70 percent of India’s total IT power capacity. Over the past five years, around 440 acres of land have been acquired for the creation of hyperscalers across three major cities which include Hyderabad, Mumbai and Pune.
Homebuyers prefer fresh launches over ready-to-move-in homes; 42% of homes sold were in new projects in 2024
According to data from ANAROCK, 42 percent of 4.60 Lakh homes sold in the top seven cities in 2024 were fresh launches. Bengaluru and Chennai saw the highest new supply absorption share in 2024 – 53 percent each out of approximately 65,230 units in Bengaluru and 19,220 units in Chennai.
Kalpesh Mehta, the man behind Trump Towers in India, sees early bet on luxury real estate pay off
With deep ties to the Trump family, Kalpesh Mehta built Tribeca Developers into India's leading luxury brand licensor—expanding its Trump-branded footprint as the real estate boom continues.
Renting a 6BHK villa next to SRK’s Alibaug farmhouse | The Tenant
Meet Gajanan S. Vaidya, who rents a stunning 6BHK villa in Alibaug, complete with a swimming pool, while also maintaining a home in Mumbai. With Shah Rukh Khan as a neighbor and breathtaking beaches nearby, he shares why Alibaug is the perfect place to live. From sub-leasing properties for homestays to sometimes sleeping in his car when all his rentals are booked, his lifestyle is anything but ordinary. Watch his unique story in the latest episode of The Tenant!
DLF to invest Rs 20,000 cr to complete ongoing housing projects; eyes Rs 43k cr surplus cash
The company expects to generate a total surplus cash potential of approximately Rs 43,000 crore from these completed projects.
Embassy Developments signs Rs 1,125 crore land deal with global chip maker in Bengaluru
The 25-acre land parcel is located at Whitefield in Bengaluru. The proceeds from this sale will be reinvested into high-growth opportunities, strengthening the company's development pipeline and delivering sustained value to its stakeholders.
Welspun One's promoter stake sale enters bidding phase; PAG, Kotak, others in the race
The bids are in the range of $100 million-$120 million. It is not clear if the promoters will completely exit Welspun One or retain a stake
Office fit-out costs jump as demand for sustainable workspaces grows, Mumbai tops the list
Mumbai remains the most expensive city for fit-outs in India, followed by Delhi; Tokyo claims the top spot in Asia-Pacific
Signature Global acquires 8.39-acre land along Dwarka Expressway in Gurugram; eyes Rs 3,200-crore revenue
The sale deed of the land, which is located at Sector 37D in Gurugram along Dwarka Expressway, was executed on March 20.
House Full: Malls defy cooling demand, vacancy drops to 7.8% in 2024
According to ANAROCK, over 6.5 msf of organised retail space was leased in 2024 across the top seven cities, significantly surpassing the supply of new stock.
Malabar Hill bungalow linked to freedom movement sold for Rs 276 crore
The bungalow was built in 1904, but was sold to the Kapadia family in 1917, which retained possession of the property till now. The bungalow is spread over 1,857 square metres of land with a total built up area of 19,892 square feet.
Adani, Emaar said to be discussing deal structure for $1.4 billion India unit
Emaar said in January it was in discussions with some groups in India, including Adani, about a potential sale of a stake in Emaar India Ltd.
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
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.
Indian real estate market sees 88% YoY investment surge to $ 3.0 billion in H2 2024
According to Colliers ‘Asia Pacific Investment Insights H2 2024’ report, office assets continued to draw the majority of the investments with a 47 percent share, followed by industrial & logistics with a 27 percent share.
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.
Workspace provider Smartworks leases 0.22 msf office space in Hyderabad
Smartworks had a total super built-up area of 9.12 million square feet across 45 centres in 13 cities in India, as of August 14, 2024
Nikhil Kamath-promoted Gruhas launches new fund as it bets big on property tech sector
Brigade Group and Gruhas have partnered to drive property technology and sustainability through its newly launched Earth Fund
Women homebuyers want it premium, prefer Bengaluru: Study
The study highlighted that Bengaluru emerged as the most favourite city for women buyers, with 26.5% preferring the city, followed by Pune (14.8%) and Hyderabad (11.9% ).
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
