Bengaluru market has moved beyond 'pilot' phase with strong pipeline, says Macrotech MD & CEO
In FY24, Macrotech reported pre-sales of around Rs 1,400 crore in two projects in Bengaluru, and has added two more projects in the city with a gross development value of Rs 3,800 crore.
Office space absorption grows 30% in 9 months of 2024, Bengaluru leads top 6 cities
Data trends show that absorption of office spaces across six major Indian cities has reached 55.1 million square feet in the January-September 2024 period. The office space demand is expected to surpass 70 million square feet by the end of 2024
Brookfield REIT reports 1 million sq ft gross leasing in Q2, same-store NOI surges 18% YoY
The company's operating income grew by 2 percent to Rs 485.8 crore from the previous quarter.
High street rentals rise 15 percent YoY in Q3 2024 amid tightening vacancies, decline in mall leasing
High streets are making a comeback across top cities in India, as Moneycontrol had previously reported, with higher rental yields compared to malls. Industry experts estimate rental yields on high streets to be 10-12 percent, while malls command around 8 percent.
Macrotech buys out Bain Capital stake in 3 digital infra entities for Rs 307 cr
Earlier, Macrotech had also bought out real estate firm Ivanhoe Cambridge's stake in the three entities. The plan is in line with the company's strategy to increase annuity income
CRC Group to invest Rs 525 crore to develop ultra-luxury project in Greater Noida West
The Rs 525 crore investment for the development of the project includes the land cost, and the investment will be largely made through internal accruals
Noida real estate market: property prices more than double in last five years
According to PropEquity data, the weighted average price of new launch projects in Noida have surged by around 152 percent to Rs 14,946 per square feet (psf) in 2024 (till September 2024) from Rs 5,910 psf in 2019 in pre-Covid times.
Planning to launch one SM REIT scheme every month in 2025: PropShare CEO
SM REITs are floated as individual schemes, like asset management companies launching individual mutual funds. Each SM REIT scheme represents a separate investment opportunity, largely in commercial properties.
Real estate in Bengaluru on cooldown after major uptick
The rental inquiries in the city, especially for prime areas such as Indiranagar and Koramangala, have dropped by at least 20 per cent in the last three months. Industry experts anticipate a correction in rents by up to 15 per cent within the next 2-3 months because of a slowdown in the realty sector.
As Navi Mumbai airport shapes up, developers make cautious inroads into region
While large developers have explored the area, they are waiting for the airport's completion and more economic activity before undertaking business development near the Navi Mumbai Airport
BFSI sector dominates commercial real estate demand in India, Mumbai ranks on top
Mumbai accounts for approximately 44 percent of the total space occupied by domestic financial organisations.
Yamuna Expressway Authority launches scheme for residential plots near Noida airport
The newly launched residential plots are available in five different categories, primarily targeting mid-income group buyers. Registrations for the scheme will close on November 30, 2024.
This Tenant advocated Renting over Buying but then bought a home | The Tenant
Join Ankur Jhaveri, a marketing professional, as he shares his journey from years of renting to purchasing his own home. In this episode of "The Tenant," discover why he values stability, his insights on the housing market, and the importance of homeownership in his life and relationships. Learn about his experiences in Borivali, the challenges of buying a home, and much more! Don’t miss this inspiring story.
QIP issuances by real estate developers hit Rs 12,801 crore in Jan-Sept 2024, second highest after renewable energy
Between January and September 2024, QIP issuance across all sectors stood at Rs 75,923 crore, with real estate comprising a 17 percent share after renewable energy with 19 percent.
President or not, demand for Trump Towers on the rise in India
Two Trump Towers have been completed in Pune and Mumbai and two more are under construction in Gurugram and Kolkata, and at least four additional towers are in planning
Diwali set to light up real estate sales; inquiries up by 15-20%: Developers
Experts said attractive interest rates on home loans and the cultural inclination to make significant investments such as buying real estate during Diwali are adding to the sales glitter.
Delhi-NCR sees highest average housing price rise of 57% in July-Sep; Hyderabad minimum at 7%: PropTiger
Average housing prices in Delhi-NCR grew 57 percent to Rs 8,017 per square feet during July-September from Rs 5,105 per square feet in the year-ago period.
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.
Renting A Home In Mumbai For ONLY ₹2,000; How You Can Also Do It | The Tenant
In this episode of The Tenant, we meet Ashish Bhagalia, an architect who turned a 2BHK into a stunning 1,000 sq ft studio apartment in South Bombay, all for a rent of just INR 2000 under the unique Pagdi system! Discover how Ashish invested INR 50 lakhs to transform his space, adding a Murphy bed, open kitchen, and cozy living areas. Although he stays close to Marine Drive, his focus is on creating a family-friendly home in the heart of the city, where he feels more like an owner than a tenant.
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.
Macrotech Developers Q2 profit doubles YoY to Rs 423 crore, pre-sales rise
Lodha reported a consolidated income of around Rs 2,630 crore, higher by 50 percent YoY. The company also reported growth in its EBITDA, as well as in pre-sales
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
Office rents breach pre-pandemic levels; Mumbai remains most expensive office market
On a pan-India basis, the overall weighted average quoted office rent stood at around Rs 101.30 a month per square foot at the end of September, higher by around 2 percent over that of 2019. Some observers cited Hyderabad as a market for concern, as nearly a quarter of the office space there remains vacant.
Godrej Properties bags 7.5-acre plot in Gurugram's Golf Course Road
the plot has a revenue potential of more than Rs 5,500 crore
