Strong home price growth seen across key markets: Godrej Properties
Gaurav Pandey, MD and CEO, Godrej Properties, told investors that price growth is expected in key NCR markets such as Gurugram and Noida.
Managed office space firm IndiQube to file papers for Rs 800-crore IPO in November
The company's FY24 revenue was around Rs 840 crore, while its EBITDA and net profit were around Rs 150 crore and Rs 80 crore, respectively
Developer Elan Group secures Rs 1,200-cr investment from Kotak Real Estate Fund
Elan Group’s portfolio consists of 15 projects comprised of residential, retail, commercial and hospitality. These projects are spread across Gurugram and New Delhi and offer a cumulative built-up area of approximately 25 million square feet.
Godrej Properties Q2 profit jumps 5-fold to Rs 335.21 crore, income doubles YoY
Total income more than doubled to Rs 1,346.54 crore in the second quarter of this fiscal from Rs 605.11 crore in the corresponding period of the previous year, according to a regulatory filing.
Aditya Birla Real Estate says Pune launch scheduled in ongoing quarter; Thane, Sarjapur launches in Q4
The Wellesley Road project has a development potential of Rs 1,050 crore, while that in the Sarjapur Road project is around Rs 2,700 crore
Emaar India open to group housing projects in Mumbai, plans Rs 2,000 crore investment in region
Till date, Emaar India has set up projects in the National Capital Region, Mohali, Hyderabad, Indore, and elsewhere, part of it with its erstwhile joint venture with the MGF group.
Godrej Properties acquires 3-acre land in Ahmedabad to build housing project worth Rs 1,300 cr
To expand housing business, Godrej Properties acquires land through outright purchases as well as through forming partnership with landowners for joint development.
This Real Estate Developer Sells Homes For A Living But Is Himself on Rent | The Tenant
In this episode of The Tenant, meet Jay Manek, a real estate developer living on rent. He shares his family's experience living in a 3BHK apartment in Matunga and the challenges of renting as a builder. Jay talks about the importance of layout, building quality, and amenities, while revealing the struggle of balancing family life with his demanding career. Find out why he chose to rent despite being in the real estate industry, and his future plans of owning a home in his own project.
Micro Labs buys 3-acre plot in Bengaluru for Rs 111 cr, one of the city's most expensive deals
The seller in this deal has been identified as Anushka Constructions, with the agreement being registered on October 5. Micro Labs paid Rs 6.22 crore as stamp duty for the purchase, according to property registration documents
Flex space provider 'The Executive Centre' plans to invest Rs 125 crore to expand across India
The Hong Kong-based company is set to open eight more centres across Chennai, Hyderabad, Mumbai, Bengaluru, Gurgaon and New Delhi, with three centres already operational. The new investment will add over 2.6 lakh sq ft of office space to TEC India’s portfolio, the company said.
May consider launching REIT in 6-12 months, data centre business growing very fast: Niranjan Hiranandani
Investors' interest is also strong in Yotta, the group's pure-play data centre arm. Revenue from Yotta is slated to equal or exceed that of the group's residential business over the next few years, according to Niranjan Hiranandani.
Manipal Hospitals enters Mumbai, picks up Khubchandani Hospital for Rs 415 cr
The transaction, according to property registration documents, was registered on October 7, with Manipal Hospitals paying around Rs 27.30 crores as stamp duty charges for the deal
Macrotech Developers net debt rises 14% in Sept quarter to Rs 4,920 cr due to biz expansion
Earlier this month, Macrotech Developers reported a 21 per cent increase in sales bookings to a record Rs 4,290 crore during the July-September period on better housing demand.
The Couple Who Spent 90% Of Their Life Within The Building | The Tenant
In this episode of The Tenant, meet Ankita, a finance professional from Wadala, Mumbai. While she enjoys family life in her home, she admits her love for Bangalore's superior lifestyle. So, why does she choose to stay in Mumbai? Ankita also shares her thoughts on how brokers are pushing rental prices higher. Curious to learn more? Watch the latest episode of The Tenant for her unique insights!
Godrej Properties acquires 6 land parcels in Jul-Sep to build projects worth Rs 9,650 cr
Godrej Properties is one of the leading real estate developers in the country. It has a significant presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru.
Developers opt for integrated malls over standalone shopping centres amid surge in ghost malls, rising costs
This comes at a time when ghost malls (with occupancy of less than 40%) across India saw an almost 60 percent surge to 13 million sq ft just between 2022 and 2023.
DLF to launch ultra-luxury Dahlias project in Gurugram, touted to be the most expensive in India
The Dahlias project has a revenue potential of around Rs 34,000 crore, with the average ticket size of an apartment expected to be around Rs 100 crore, according to PropEquity.
On a shopping spree: Why high-street retail is making a big comeback in India?
As high-street retail continues to develop, it is poised to become a strong contender for luxury retail in India. The combination of rising rentals, better sales conversions and improving infrastructure is making It increasingly attractive to both local and global brands
Konkan unit of Maharashtra affordable housing board plans lottery for up to 12,000 homes
Up to 12,000 homes are slated to be allocated to applicants in the lottery for the Konkan board, according to MHADA. The Konkan board includes cities such as Thane, Kalyan and Virar that are close to Mumbai and are key real estate markets
Keystone Realtors Q2 sales bookings jump over 2-fold to Rs 700 crore
In a regulatory filing, Keystone Realtors reported pre-sales of Rs 700 crore in the second quarter of the 2024-25 fiscal as compared to Rs 306 crore in the year-ago period.
RMZ to invest over $2.2 billion in Indian real estate over 5 years
The Bengaluru-headquartered company said it is also scouting for opportunities to expand its operations offshore in countries like the US and the UK.
Deal Drought: Discounts, incentives absent as the festive season sees strong real estate sales
Earlier, during the festive season, developers often offered upfront discounts to the listed price of the home being sold.
Zepto zeroes in on shopping mall for head office on Bengaluru's Sarjapur road; to move all employees by February
While the larger move will take time, Zepto has started moving some roles into an adhoc office in Bengaluru where operations will begin from around November 11, one of the persons cited told Moneycontrol.
This Tenant Moved From U.S. To Mumbai For Doing Standup Comedy | The Tenant
In this episode of The Tenant, meet Bharat Dhir, a stand-up comedian who recently moved from the USA to Mumbai. He shares his surprise at how narrow the city feels and explains why he believes India offers better opportunities for comedians compared to the US. Plus, hear about a tenant who struck it big in the stock market and is now enjoying early retirement! Don’t miss their fascinating stories in this latest episode
