From Dwarka to Yamuna Expressway: Infrastructure upgrades fuel new realty hotspots across NCR
Many areas such as Sohna Road, Raj Nagar Extension, New Gurugram and Meerut are emerging as new booming realty hubs in the NCR.
Bhutani Infra acquires Logix City Centre in Noida sector 32 for around Rs 1,000 crore
Bhutani Infra said that it plans to upgrade the mall to provide a platform to luxury brands in the mall alongside a 5-star hotel to compliment the growing demands of the HNI’s living in the immediate vicinity of the mall. The company acquired Logix City Centre for Rs 1000 crore which also incudes the cost to be incurred on rennovation and upgradation.
Gen Zers are buying their first homes earlier than Millennials, bank heavily on home loans
Till last year October, those falling in the millennial and Gen Zs groups constituted 53 percent of the total demand for home loans in India.
All you need to know about proposed American style city near Noida Airport
The “American City” project will consist of a school, college and an international institute that will have facilities for performing arts. The proposed city will also have commercial complexes, American styled luxury residences and entertainment hubs.
Rustomjee earnings decline in Q2, profits, pre-sales rise
Keystone, which trades as Rustomjee, reported collections of Rs 700 crore during the quarter, while its collections declined marginally to Rs 552 crore
This Tenant Moves Out of Parents' House In South Mumbai to Rent with His Wife | The Tenant
In this episode of The Tenant, meet Akshay salot who moved out of his parents' home in South Mumbai to live independently with his wife. He shares his journey of finding a 2BHK apartment in a new building with amenities for ₹80k, compared to the ₹80k rent for a 1BHK in an older building. From breaking societal taboos to improving his relationship with his parents, watch how he balances freedom, family, and the challenges of renting in Mumbai. Key highlights include his favorite life movies, living in Lower Parel, and navigating the shifting rent landscape.
After Ayodhya, HoABL to invest in Vrindavan, Varanasi; pump Rs 3,000 cr in 6 projects
The company has recently concluded the acquisition of over 352 acres across Vrindavan, Varanasi, Amritsar, Shimla, Nagpur, and Khopoli (near Mumbai).
Mahindra Lifespace signs joint development pact for 37-acre Bhandup land, plans mixed-use project
The plot will have a development potential of around 3.6 million square feet, according to Mahindra Lifespace Developers
Embassy REIT appoints Ritwik Bhattacharjee as interim CEO
This comes after a SEBI order on November 4 that asked Embassy REIT to suspend Aravind Maiya from acting as its Chief Executive Officer (CEO) and appoint an interim CEO
Brigade Enterprises to develop one million sq ft apartments in Chennai project with Rs 800 crore GDV
The project is located in West Chennai, one of the city's fastest growing areas, and will be developed as part of a 1.5 million square feet mixed use development.
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.
