Real Estate

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

Housing costlier by 10 percent across major cities on strong demand, Delhi-NCR tops the chart

The report titled as ‘Housing Price-Tracker Report Q4 2024’, released on February 25 has projected that the demand within luxury and ultra-luxury segments may amplify further in 2025, while affordable housing segment will continue to form the bulk of housing sales.

This Housewife became a top Fitness Trainer after Divorce | The Tenant

Meet Natasha Sharma, Artist and Mamta Kandoi Chugh, Fitness Trainer living in a 3BHK apartment in Andheri West with her mother and younger sister. In this insightful video, Natasha shares her journey of renting homes in Mumbai for the past 16 years, including challenges faced post-divorce and the evolving rental landscape for divorcees. She discusses her desire for stability and owning a home, amidst coping with Mumbai's infrastructure issues like road construction outside her building. Join us as Natasha opens up about her experiences, aspirations, and the realities of renting in one of India's busiest cities.

From Vastu considerations to additional parking space, this is how India searched homes in 2024

Buyer preferences varied not just geographically but also on factors shaped by cultural and economic forces. This held true for the rental market as well. These understandings, experts say, could enable builders to fine-tune their strategies to attract a wider audience.

Why You Should Consider Buying A Home NOW | Rate Cut,Cheaper Home Loans & Lower EMIs| Realty Returns

Home loan interest rates are finally coming down! With the RBI reducing repo rate by 25 basis points for the first time in five years, borrowers can expect some much-needed relief. But will this rate cut, expected to be the first of many this year, improve loan eligibility and affordability for new buyers? With the double bonanza of income tax cuts and lower interest rates, will more buyers enter the market? And with higher tax savings and reduced EMIs, is now the right time to buy a home? With more tax savings and lower EMIs should you buy a house now? Join Moneycontrol's Nandita Khemka as she breaks it down with Vipul Patel, Founder, MortgageWorld, and Vishal Dhawan, Founder & CEO, Plan Ahead Wealth Advisors, on Realty Returns.

India’s flexible workspace sector achieves record 12.4 msf of gross leasing volume in 2024

Among India’s top flexible workspace markets, Bengaluru led with 3.4 msf of leasing volume, nearly doubling its previous year’s tally. Mumbai, meanwhile, recorded a 3-times YoY growth in GLV, reaching 1.9 msf.

India’s data centre market sees 407 MW absorption in 2024, set for 600 MW capacity addition in 2025

Data showed that over 200 acres of land were acquired in the top five cities including Mumbai, Hyderabad, Pune, Chennai and Bengaluru in 2024. Mumbai also led the absorption market with 53 percent of total absorption, followed by Hyderabad at 14 percent, and Chennai and Pune at 10 percent each.

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

This Tenant in Mumbai chose a Good Location instead of a Good Address | The Tenant

Join us in this episode of The Tenant as we explore the life of Meha Saxena, a Media Professional living in Amboli, Andheri West, Mumbai, with her pet dog. Meha shares insights into her 2BHK apartment, her journey from Veera Desai to Amboli, and the challenges of finding the perfect home as a single professional with a pet in Mumbai. Discover why Amboli, though not the trendiest address, has become a beloved spot for Meha and her thoughts on owning a pet in today's urban landscape.

Is Fractional Real Estate Worth It? Top Platforms, Returns, and Risks Revealed!

Learn everything about Fractional Real Estate Investment in India! Find out the best platforms, return potential, and how this model compares to traditional property investments. In this episode of Realty Returns we discussed with Viral Desai- Senior Executive Director, Occupier Strategy & Solutions, Industrial & Logistics, Capital Markets and Retail Agency, Knight Frank India and Kunal Moktan, Co-founder, Alt and Property Share the pros and cons, liquidity concerns, and what to check before you invest!

Hyderabad hits record 5.3 msf GCC leasing in 2024

Thanks to robust demand for office spaces from global firms, the city's office stock has more than tripled since 2014.

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

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.

Flex workspace provider 91Springboard adds 1 lakh sq ft with 3 new NCR hubs

The three new hubs are World Trade Center in Delhi's Nauroji Nagar, DLF Building in Gurugram's Cyber City and Bhutani Avenue 62 in Noida

Signature Global eyeing 20-25% pre-sales growth in FY26: Chairman Pradeep Aggarwal

Signature Global recorded pre-sales of Rs 12,810 crore in calendar year 2024 and a profit of Rs 40 crore in the first nine months of FY25. The company turned profitable in 9M FY25 with a PAT of Rs 40 crore, compared to a loss of Rs 25 crore in 9M FY24.

Maharashtra govt to issue tenders for development of 3,360 acres of transport body land

State transport minister Pratap Sarnaik, speaking at NAREDCO's NextGen conclave in Mumbai, added that the eminent architect Hafeez Contractor has been roped in to develop the plan to develop the land bank belonging to MSRTC

Housing sales in top 15 tier-II cities rise 20% to Rs 1.53 lakh crore on volume growth: PropEquity

As per the data, housing sales rose the most in Coimbatore at 36 per cent and fell maximum in Visakhapatnam by 21 per cent in 2024.

India's office leasing volumes touch 66.4 msf in 2024, market likely to reach 70 msf in 2025: Report

Global Capability Centres (GCCs) have emerged as a major demand driver, with leasing surging 41 percent YoY to 25.7 msf in 2024. Bengaluru captured 47 percent of GCC leasing, while Mumbai witnessed a fourfold increase in GCC uptake compared to 2023, the report said.

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.

Kalpataru secures two redevelopment projects in Chembur and Goregaon with Rs 2,000 crore revenue potential

As per documents accessed by real estate data analytics firm CRE Matrix, the Goregaon project, located in the residential Bangur Nagar neighbourhood, was signed in October 2024, while the larger five acre society on Chembur's VN Purav Marg was inked last month

Religious tourism driving residential demand in religious cities, Prayagraj witnesses 28% surge

Big spiritual events like the Mahakumbh Mela that attract millions of visitors are also giving a boost to demand for homestays. Data from Magicbricks showed that cities of religious importance like Prayagraj have witnessed an annual 28 percent increase in buyer queries about residential real estate.

Centre's retrospective GST amendment in Budget 2025 may face legal scrutiny

The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may decide if the amendments are maintainable.

This 52nd floor Tenant says Never buy a Home for the View | The Tenant

In this episode of The Tenant, meet Sumit Chandra, a Delhi native embracing Mumbai’s high-rise living! His 2BHK on the 52nd floor offers breathtaking views, a refreshing breeze, and a lifestyle he loves. From working near home to enjoying top-tier amenities, Sumit shares why he chose this apartment, the pros and cons of high-rise living, and his thoughts on Mumbai’s ever-changing skyline.

How Women Can Build Wealth Through Real Estate: All You Need to Know

In this episode of Realty Returns we discussed with Dr Samantak Das Chief Economist and Head of Research, India, JLL and Roshy Chhillar, Director, Landmark Group on how different states are empowering women to achieve financial independence and own property through lower costs, tax benefits, and even higher loan eligibility. Learn about the latest reforms that are making homeownership more accessible and affordable for women in India. Don’t miss out on how you can take advantage of these amazing benefits!