The company is in talks with multiple suppliers, including the Tata Group, to leverage India’s OSAT capacity and is will also increase investments in Indian startups through Qualcomm Ventures, Palkiwala tells Moneycontrol
Nielsen CEO Karthik Rao, CTO Anil Goel and Gracenote CEO Jared Grusd spoke about why they are bullish on India’s tech talent, the company's global-local product strategy, and the role of artificial intelligence in their products.
Housing sales across the country’s top eight cities dropped by 26 percent year on year in the October-December 2024 quarter, compared to the corresponding quarter in the last calendar year. Year 2025 will not be one of record sales, Agarwala said.
KP Singh holds “poor urban infrastructure” responsible for the rising pollution and toxic air in Delhi NCR and calls for “drastic measures” in master-planning as course correction.
One mall each will come up at Moti Nagar in central-west Delhi, at DLF Phase-5 in Gurugram, and in Panjim, Goa, DLF’s Vice Chairman and MD (Rental Business) Sriram Khattar told Moneycontrol in an interview.
The company also said it is also looking to close deals for two 50-60 mw data centres in Bengaluru this year.
Prestige Group plans to launch 1 million square feet of homes in Pune over the next 12 months with an expected topline of Rs 750 crore to Rs 1,000 crore.
Mumbai redevelopment news: The company wants to explore projects in the old building and society redevelopment segment in the Mumbai Metropolitan Region (MMR). It has no plans to bid for slum rehabilitation projects or other segments such as warehousing and logistics.
The company is looking at a 20% growth in sales revenue over Rs 3,000 crore this year.
Prestige Group also intends to get into the senior living segment; the company is currently working on a pilot in Bengaluru and once that succeeds it plans to replicate it in other cities.
"Our total investment in these upcoming projects will be Rs 2,100 crore, which will be funded through equity, working capital and customer advances," said Jay Goenka, Director, Dynamix Group.
Eighty percent of the upcoming launches will be in the mid-income segment, with ticket sizes ranging between Rs 80 lakh to Rs 1.5 crore.
Oberoi Realty has been receiving enquiries from flex space companies, pharma, technology firms and education firms among others and expects good demand. It will also consider foraying into Delhi if there is a good opportunity.
The agency has registered the 21 ongoing housing projects under its belt after initially being opposed to the idea
The company plans to launch 18 million square feet of residential property and enter the National Capital Region.
Among the launches include two projects in Gurgaon, with an upcoming super-luxury residential project in DLF 5, a high-rise luxury residential development in Chennai, and a residential low-rise in Chandigarh Tri-city.
The developer is targeting a topline of Rs 2,000 crore for the residential project. Overall, the company has potential for a Rs 27,000 crore topline, including a 6 lakh sqft construction in Bandra and a 100-acre land bank in Thane.
The company is also looking forward to deploying Rs 300 crore of alternate investment funds across Bengaluru and Chennai by the end of this year.
The company plans to invest Rs 3,400 crore to launch 9 million square feet (msf) of projects in Bengaluru within the next financial year.
The company is also evaluating opportunities in the renewable energy business
The company plans to touch 5,500 keys within the next year and 30,000 keys over the next five years across the entire co-living and hospitality segments.
Maheshwari added that she aims to get another Rs 55,000 crore of projects off the ground in the next six-seven months
It will remain focused on Bengaluru, Mumbai and Delhi NCR in India for residential real estate followed by Sri Lanka and the Maldives in international markets.
Last financial year, the company leased 1.25 msf of Grade A office space and raked in revenue of Rs 654 crore from its office verticals, a 43 percent increase over the previous year.
By the next financial year, the company will launch another 4.6 msf of office space in Bengaluru. The new launches will be between the REIT and non-REIT segments with a potential capex of Rs 2,200 crore.