HYDERABAD RESIDENTIAL AREA
Prestige Estates sees 22% sales dip in Q1 FY25 due to election delays
Prestige Estates Projects Limited experienced a 22% decrease in sales for Q1 FY25 at Rs 3029 crore, largely due to the general election and delays in project approvals. The sales volume decreased from 3.83 million square feet to 2.86 million square feet. Despite this, the company crossed a sales figure of Rs 3,000 crore.
Hyderabad’s Anvita group to invest Rs 2,000 crore in a residential project
Anvita Group plans to invest Rs 2,000 crore in a residential project in Kollur, near Hyderabad. The project will be developed in two phases, with the first phase consisting of 450 units spread over 12.9 acres. The second phase will consist of 36-floor towers, with 1,400 units expected to be handed over in 2027. The project will include two and three-bedroom apartments.
Sattva 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-based Sattva Group achieved sales bookings of Rs 3,500 crore.
Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in 2024-25
South India-based real estate developer Sumadhura Group aims for a significant increase in turnover to Rs 5,000 crore by 2024-25, introducing a new logo and tagline "Foundation of Happiness" to reflect their growth strategy and commitment to providing diverse living experiences.
Hyderabad 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 market dynamics. Factors include government policies, unlimited FAR, and infrastructure development, driving significant growth in both residential and commercial sectors.
BSNL 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.
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Daughter of Divi's founder shells out Rs 80 crore for two Hyderabad properties
Nilima Prasad Divi, daughter of Murali Divi, the founder of Divi's Laboratories, a prominent pharmaceutical company in India, has recently acquired two properties in Hyderabad, totaling Rs 80 crore. The first property, located in Jubilee Hills, spans 12,000 sq ft with a built-up area of 200 sq ft. The second property, also covering 12,000 sq ft, was acquired for a similar amount from Moturi Surya Kamal Prasad, according to the sale deed documents provided by Zapkey.
Godrej Properties sells around 650 flats for over Rs 2,000 crore in Noida
Realty firm Godrej Properties Ltd announced the sale of 650 flats in Noida, generating over Rs 2,000 crore in revenue. This marked their successful launch in the city with the Godrej Jardinia project in Sector 146. The project launched in May 2024 showed strong consumer demand for residential properties. MD & CEO Gaurav Pandey spoke about the plan to expand their presence in the city.
Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years
After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.
Housing 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 Foras. Check how much property price has risen in your city
We wish to grow in SOBO market which will see resurgence of residential developments: Boman Rustom Irani, Keystone Realtors
Keystone Realtors, led by Boman Rustom Irani, are expanding into SOBO due to city infrastructure growth. FY25 outlook is positive, with FY24 surpassing expectations. Strong OCF, acquisitions, and partnerships contribute to the company's success. The real estate sector in Mumbai is poised for growth, driven by infrastructure development and a surge in redevelopment projects.
Housing prices in top 8 markets rise average 10% on-year in Q1: Report
Residential real estate in top Indian cities saw a 10% average price increase YoY in the Jan-Mar quarter, driven by strong demand. Bengaluru, Delhi NCR, Ahmedabad, and Pune led with double-digit growth. Unsold inventory increased marginally nationally but dropped in Pune, Delhi-NCR, and Ahmedabad. Bengaluru and Hyderabad saw a slight dip in unsold units quarterly. Developers are monitoring stock and demand for new launches.
Noida, Gurgaon, Bengaluru register around 30 percent rent hike, highest in India
Rental prices in 13 major Indian cities surged 16% year-on-year in the March quarter, with Greater Noida, Gurugram, and Bengaluru seeing the highest increases. Demand for rental units in the Rs 10,000 to Rs 30,000 range dominated, accounting for 42% of total demand. However, supply only increased marginally, leading to a mismatch between demand and availability. Abhishek Bhadra, Head of Research at Magicbricks, attributes the surge in rents to the resumption of office operations since 2022, offering higher yields to landlords.
Godrej Properties to launch housing projects worth Rs 30,000 cr in FY'25: Pirojsha Godrej
Realty firm Godrej Properties plans to launch residential projects worth Rs 30,000 crore this fiscal to achieve a 20% growth in sales bookings due to strong demand. The company's sales bookings jumped 84% to a record Rs 22,527 crore in the last fiscal, the highest sales reported so far by any listed entity for FY'24. To tap this demand, Godrej Properties plans to launch multiple projects across Delhi-NCR, Mumbai-Metropolitan Region, Bengaluru, Pune, and Hyderabad markets.
Luxury housing sale reports 10% growth during Jan-Mach 2024
Luxury segment housing in top cities grows 10% Y-o-Y, Mumbai leads. Anshuman Magazine cites robust fundamentals. Gurgaon emerges as luxury market with eco-friendly features. Jubilee Hills sees luxury demand.
Leopard found living at Hyderabad airport, triggers alarm
A leopard spotted at Hyderabad's Rajiv Gandhi International Airport triggered alarms and led to forest officials setting up a cage to catch the large cat. Efforts continue to relocate the leopard preying on wild boars and stray dogs.
Developers snap up 58% more land in FY24 amid rising residential demand
In 2023-24, developers and entities finalised 101 land deals totaling 2,989 acres in India, driven by high residential demand. Major deals occurred in top cities, with tier 2 and 3 cities also showing growth potential. Notable increases were seen in residential, plotted development, and township projects, reflecting a buoyant market.
Godrej Properties targets Rs 25,000cr sales bookings in FY'25 on strong housing demand: Chairman
Godrej Properties Ltd, a leading real estate developer in India, has reported an 84% increase in sales bookings last fiscal to over Rs 22,500 crore, driven by strong housing demand. The company has surpassed the sales booking numbers of Bengaluru-based Prestige Group, which reported pre-sales of Rs 21,040 crore during 2023-24. Godrej Properties is expecting another good financial year, banking on positive consumer sentiments.
Hyderabad water board identifies 32,000 consumers in IT belt as water guzzlers
Hyderabad water crisis prompts collaboration between Hyderabad water board and 18 NGOs to promote rainwater harvesting among high water consumers in upscale areas. Survey reveals groundwater depletion with 65% borewells dried up. NGOs to cover 300 sq meters per housing society before monsoon. New fleet of 365 tankers planned to meet water demand.
Hyderabad moving towards Bengaluru-like water crisis? Indian Institute of Science study suggests shocking similarities
Both Hyderabad and Bengaluru show alarming urban expansion rates, impacting water availability. Experts blame excessive concretisation for Hyderabad's water scarcity, urging action to address pollution, encroachments, and promote rainwater harvesting. Sustainable solutions are crucial to avert a looming water catastrophe. The Indian Institute of Science has conducted study comparing both the cities.
Hyderabad’s proposed elevated corridor to boost entrepreneurial ecosystem and promote development
Hyderabad's proposed elevated corridor will revolutionize connectivity, infrastructure, and development in Genome Valley, benefitting life sciences companies. The corridor is a strategic move to propel Hyderabad as a leading life sciences hub, attracting investments and fostering innovation in the sector.
Prestige Group enters into first ever residential platform deal with ADIA and Kotak AIF
The raised capital, a quasi-debt instrument, will be utilized to capitalize on growth opportunities in the residential sector by developing projects with a gross development value (GDV) of Rs 18,000 crore, spread across four major cities in India.
Residential sale in FY24 reached a decadal high with almost 5 lakh units sold
The Indian housing market saw record-breaking sales in Q4FY24, with 130,170 units sold across the top 7 cities, marking a 14% yearly increase. Total sales for FY24 reached 492,900, a 30% rise from the previous year. Despite new launches surpassing 100,000 units, inventory dropped by 7% annually. Notably, NCR witnessed the highest decline in unsold stock.
Appetite for both residential and rental real estate strongest in last 5 years: DLF management
Ashok Tyagi and Sriram Khattar of DLF discuss the cyclical nature of the real estate sector in India, the positive economic and political stability, the impact of RERA and GST, and the strong demand for residential and rental properties. According to Khattar for the next six-eight quarters, it is definitely looking good.
Housing prices hike 61% in this Delhi-NCR area, 42% in Hyderabad in a year; how much return can you get from property?
All eight cities — Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune saw an increase in housing prices in Q4. "The current state of real estate is the most productive when sales, supply, and prices are growing, and the price rise is not speculative. These factors work in harmony in a balanced and healthy real estate market.”, said Pankaj Kapoor, Managing Director, Liases Foras. Check how much housing prices have increased in your city in last one year.
Godrej Properties forays into Hyderabad, acquires 12.5-acre land parcel
The development on the land parcel, located in this strategic and high-potential area, is estimated to have a potential of over 4 million sq ft of saleable area with an estimated revenue potential of Rs 3,500 crore based on the current business assumptions.
Demand for larger homes to continue in 2024: Report
"Despite challenges like elevated interest rates and global uncertainties, the industry has demonstrated robustness. The RBI's decision to pause rate hikes in April, coupled with pent-up post-pandemic demand, has significantly bolstered buyer confidence,” said Dhruv Agarwala, Group CEO, Housing.com.
Housing prices jump 39% in Q3 in this Bengaluru area; know how much property rates have increased in your city
Housing prices in Bengaluru have risen by 18% year-on-year in the third quarter, largely led by the Periphery and Outer East region. Housing prices here surged 39% year-on-year, all thanks to the launch of high-end luxury projects and the completion of KR Puram & Whitefield metro lines, according to a report released by CREDAI and Colliers and Liases Foras. How much returns can you expect from your property? Find out here
Housing prices jump 33% in this Hyderabad area in 3 years; know how much property prices have risen in your city
Property prices have surged in the last few years, driven by various factors such as increased input and construction costs, rising land prices, and heightened demand. Moreover, there is a noticeable shift in homebuyer preferences towards larger homes with enhanced amenities, contributing to the upward trajectory of prices. Know how much residential property prices have risen in your city, as per ANAROCK Research.
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