COMMERCIAL PROPERTIES
Residential property sales highest in a decade: Not affordable housing, but this segment emerges as top favourite India's real estate sector remained buoyant as residential housing sale surged to an 11-year high in the first half of 2024. A total of 1.73 lakh residential units sold during the January-June period of 2024, according to the Knight Frank report. Mu...
05 Jul, 2024, 06.49 PM ISTSattva Group targets 85 pc growth in housing sales to Rs 6,500 cr this fiscal: MD Bijay Agarwal Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru...
30 Jun, 2024, 02.35 PM ISTInvesting in commercial real estate: How to earn attractive regular income by investing in commercial real estate via fractional ownership platform As fractional ownership gains traction and becomes increasingly popular, retail investors must run a few checks before investing in CRE assets via this route. Here are some factors that one must consider.
27 Jun, 2024, 11.06 AM IST- ADVERTISEMENT
Big US banks withstand Fed's commercial real estate shock scenario Amid economic uncertainties, the Federal Reserve's stress tests revealed big U.S. banks' resilience to a 40% drop in commercial real estate values. The tests underscored the challenges faced by regional banks and the need for robust risk assessment ...
27 Jun, 2024, 07.44 AM ISTAmitabh Bachchan buys more office properties in Mumbai Andheri suburb Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongsid...
25 Jun, 2024, 05.52 PM ISTUnity Small Finance Bank inks pact to acquire office space worth Rs 393 crore The developer of the Santacruz project received a letter of intimation (LOI) and approval from the Slum Rehabilitation Authority for the project in August 2023. It has also acquired additional land adjacent to the existing plot and is expected to ap...
21 Jun, 2024, 06.52 PM ISTCommercial realty owned by single entity in demand Investors in India's commercial real estate market favor single-owned properties for higher returns and operational efficiency. Abhishek Kiran Gupta, CEO and cofounder of CRE Matrix, emphasizes the quality difference between single-owned and strata-...
17 Jun, 2024, 12.27 AM ISTSingle-owned commercial assets outperform strata properties across key India cities These assets in pockets of key regions such as Mumbai, Bengaluru, Pune, Gurgaon, and Chennai have demonstrated rental yield advantages of up to 32%. For example, in Pune’s South West region, single-owned properties showed an 18% higher rental yield ...
16 Jun, 2024, 11.03 PM ISTFacing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the par...
04 Jun, 2024, 08.44 AM ISTHyderabad housing market seeing significant trend towards luxury homes: NAREDCO President The Hyderabad property market is witnessing a surge in demand for luxurious homes with spacious layouts and modern amenities. G Hari Babu, National President of National Real Estate Development Council, discussed rising property prices and evolving ...
30 May, 2024, 01.05 PM ISTGIC, Xander buy Allianz-Shapoorji Pallonji JV’s Hyderabad IT SEZ WaveRock for Rs 2,200 cr In May 2023, ET first reported that global insurance and asset management major Allianz Group and Shapoorji Pallonji Group were looking to exit the IT Special Economic Zone (SEZ) property and that GIC had emerged as the frontrunner to acquire the 2....
30 May, 2024, 01.05 AM ISTBSNL and MTNL prioritise govt organisations for land asset sales worth Rs 1 lakh crore Recently, BSNL sold one of its properties in Lucknow to the Income Tax department for around Rs 229 crore, which was the market value of the building.
29 May, 2024, 08.44 AM ISTGodrej & Boyce sells 58,500 sq ft office space in Mumbai’s Vikhroli to Godrej Industries The office space on the 9th floor has already been leased to managed flexible workspace provider Simpliwork Offices for a period of 60 months until March 31, 2026. This lease will also be transferred to Godrej industries as the new landlord, showed ...
27 May, 2024, 08.38 PM IST"Intellectual property of the bank": SBI once again refuses to disclose SOPs on sale, redemption of electoral bonds In response to a Right to Information Act appeal, State Bank of India (SBI) has again refused to disclose the standard operating procedures (SOPs) for the sale and redemption of electoral bonds. SBI justified the denial by stating that the informati...
21 May, 2024, 08.30 AM ISTChina allocates billions of dollars to bailout its crisis-hit property sector China has taken decisive measures to tackle the crisis in its property sector, which has been a crucial driver of its economic growth. The People's Bank of China has announced a 300-billion-yuan relending facility to support government-subsidized ho...
19 May, 2024, 05.09 PM ISTStrata to apply for SM REITs license to broaden fractional ownership platform Strata, India's top CRE investment platform, has applied for SM REITs license per SEBI regulations to migrate eligible assets and target Rs 2000 crore AUM by FY25. SEBI's 2023 FOP model for assets over Rs 50 crore expands opportunities, boosting inv...
17 May, 2024, 08.07 PM ISTHousing prices in this Bengaluru area jumped 32% in Q1; know how much property prices have risen in your city Average housing prices in Bengaluru have increased by 19% year-on-year (YoY) in the January-March quarter of 2024. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases...
16 May, 2024, 04.04 PM ISTStrata Buys Puma HQ in Bengaluru for Rs 115.4 crore Strata, a major Indian real estate investment platform, acquired 140,000 sq ft office space in Bengaluru for Rs 115.45 crore, housing Puma's headquarters. Sudarshan Lodha, CEO, confirmed the deal, marking Strata's eighth asset in Bengaluru and cross...
16 May, 2024, 11.11 AM ISTBlackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr Blackstone Group is finalizing the acquisition of Adani Realty's Inspire BKC in Mumbai's Bandra-Kurla Complex. The deal is set at Rs 1,800-2,000 crore for the 800,000 sq ft tower, with various prominent companies as occupants.
07 May, 2024, 01.24 AM ISTIn FY25, Godrej Properties hopes to build on strong operating momentum of last year: Pirojsha Godrej Godrej Properties anticipates strong growth in FY25, leveraging active business development in key markets. The real estate company is also going to focus on timely customer cash collections and maintaining debt levels between 0.5 to 1 band for sust...
06 May, 2024, 01.40 PM IST