INDIA SOTHEBY S INTERNATIONAL REALTY
India tops China in billion-dollar realty companies
India's real estate sector has surged, boasting 36 homegrown companies valued at $1 billion or more, surpassing China in this regard. The growth, outlined in the 2024 GROHE-Hurun India Real Estate 100 report, highlights the sector's robust expansion driven by urbanization, infrastructure development, and shifting consumer preferences. Leading the pack is DLF with a valuation of ₹2 lakh crore, followed by Macrotech Developers and Adani Realty. Mumbai leads with 33 companies on the list, underscoring India's thriving property market amid significant global contrasts in real estate fortunes.
DLF chairman Rajiv Singh leads wealth rankings in 2024 GROHE-Hurun report on India's real estate titans
The 2024 GROHE-Hurun report unveils India's top real estate entrepreneurs and companies, highlighting significant wealth increases and company valuations. DLF Chairman Rajiv Singh leads with Rs 1,24,420 crore, followed by Mangal Prabhat Lodha of Macrotech Developers and Gautam Adani of Adani Realty. The report, based on May 31, 2024, data, also ranks DLF as the top-valued company at Rs 2 lakh crore, with Macrotech Developers and IHCL securing high valuations in the real estate sector.
Mumbai records luxury housing sales worth Rs 12,300 cr in January-June
The luxury housing market in Mumbai is experiencing significant growth, driven by a surge in sales of properties priced at Rs 10 crore and above. Sales in the first half of 2024 reached a record high of Rs 12,300 crore, marking an 8% increase compared to previous periods. Factors contributing to this trend include rising disposable incomes, favorable government policies, and strong interest from both domestic and international investors.
India outshines China with 36 real estate companies valued at over a billion dollars
India has surpassed China in the global real estate sector with 36 billion-dollar companies, a significant increase from just 7 six years ago. Mumbai leads with 33 companies, followed by Bengaluru and New Delhi. DLF is the most valuable, with Adani Realty entering the top 10. The sector's growth is driven by urbanization and infrastructure development, with 86% of companies increasing in value. The top 100 companies are valued at $171 billion, exceeding the combined GDP of Oman and Sri Lanka.
Tata Realty & Infra secures loan worth Rs 825 crore from IFC
This financing is a part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India.
Whiteland Corp to invest Rs 5,600cr on housing project in Gurugram; partners Marriott for management
Realty firm Whiteland Corporation is set to invest Rs 5,600 crore in a luxury housing project in Gurugram in partnership with Marriott International to bring 'Westin Residences'. The project will feature 1,600-1,800 branded homes with a starting price of Rs 5 crore per unit. The investment will be primarily funded through internal accruals, with the company developing a total of 60 lakh square feet across two phases.
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PE investment in real estate hits $2.5 bn in Q2, a 3-year high
Institutional investments in India's real estate sector surged to a three-year high of $2.5 billion in the June quarter, primarily driven by robust activity in the industrial and warehousing, and residential segments, according to Colliers. The industrial and warehousing segment attracted the majority of investments at $1.5 billion, marking an 11-fold increase from Q2 2023, while the residential segment also experienced significant growth. Conversely, investments in the office sector plummeted 83%. Foreign investors, particularly from the US and UAE, were prominent contributors in the market, indicating a positive outlook for the industry.
Institutional investment in Indian real estate at $2.5 billion in Q2, marking a 3-year high
Private equity investments in Indian real estate hit a three-year high in Q2 2024, totaling $2.5 billion. The industrial and warehousing segment led with 61% of the total investments ($1.5 billion), driven by large deals. The residential segment saw a 7.5x increase from Q2 2023, making up 21% of total inflows. Office assets received $0.3 billion, showing a significant annual decline.
Nifty charts projecting 25,200 by December, says ICICI Securities. Top 94 stock picks
ICICI Securities' technical analysis forecasts Nifty reaching 25,200 by December 2024, supported strongly at 22,200. Midcaps and smallcaps indices are in a structural uptrend, expected to gain over 16% by year-end.
Tata Elxsi, Titan among 21 companies in focus this week for dividend, AGM, stock split, bonus issue
Companies like Tata Elxsi, Titan, and JSW Holdings are set to be in the spotlight this week with corporate actions such as dividends, stock splits, and annual general meetings lined up.
Infra push, talent access helps satellite cities reshape India's commercial realty
India's commercial real estate landscape in satellite and tier II cities is undergoing significant transformation due to robust infrastructure development, strategic urban planning, talent availability, and lower cost of living. Cities like Navi Mumbai, Pune, Gurugram, Noida, and Hyderabad have seen extensive investment in road networks, metro connectivity, and digital infrastructure, making them attractive hubs for businesses.
M3M to lease 1.5 million sq ft of commercial space in 2024-25
Company’s one-million square feet, International Financial Centre (IFC) at Golfcourse Extension Road is already 100% occupied while 700,000 square feet office space project, Urbana Business Park (UBP), is also has 75% occupancy.
Luxury homes overtake the affordable segment. What gives?
Factors contributing to the luxury housing boom in India include rising incomes, the trend of premiumization, and pent-up demand post-pandemic. Additionally, the investment appeal of luxury real estate, shortage of luxury apartments in prime locations, and growing NRI investments further fuel this segment's growth.
Delhi's Aerocity near IGI airport to get India's largest mall, spanning over 28 lakh sqft
By 2027, Indira Gandhi International Airport's Aerocity will get India's largest mall, spanning over 28 lakh square feet. This $2.5 billion expansion marks the initial phase in creating India's first aerotropolis, expected to grow significantly over the next five years. Upon completion, Aerocity will feature extensive commercial space, a mega mall, and public areas, fostering a bustling business district.
Bhumika group to develop 3 lakh sq ft of retail space with government
Bhumika Group, Rajasthan's largest mall developer, expanding retail spaces in NCR. Urban Square Mall in Udaipur fully occupied with top brands. Second phase launch imminent, reflecting strong industry credibility and financial stability.
Brick by brick, Pirojsha changed the realty game at Godrej
Pirojsha Godrej's strategic leadership at Godrej Properties during the global financial crisis led to innovative approaches like joint developments and a capital-lite model. His focus on efficiency and immediate project launches propels the company's growth.
How NRIs helping elevate India's realty play
According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country's biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about Rs 1,800 crore) in NRI sales. Overall, during fiscal year 2023-2024, sales from NRI investors surpassed Rs 3,400 crore for DLF, which is almost 20% of total sales.
Delhi-NCR towers over other metros in luxe apartment demand
Delhi-NCR is leading a surge in demand for luxury apartments in India, with 61% of total launches in the March quarter in Delhi NCR. This trend is driven by buyers increasingly drawn to luxury apartments, with most projects selling out within days of launch. The demand for larger, more luxurious homes has attracted established developers, leading to a 34% share in the March quarter.
Design-driven demand: Global architects sought in India's luxury real estate
Singapore's Andy Fisher Workshop, Eco-Id Architects, HBA Designs, New York's KPF and LERA consultants, Hong Kong's Ptang Studio, UHA London, and global firm Benoy are among the architects engaged in multiple residential projects across Delhi-NCR, Mumbai, Bengaluru, and Hyderabad.
Retail sector leasing to slow down in 2024
The sector recorded an all-time high leasing in 2023, taking 7.1 million sq ft across eight cities, which is expected to dip to 6-6.5 million sq ft in 2024, according to CBRE.
Top 7 cities record 15.16 million sq ft gross office leasing in March quarter
The leasing performance in the March quarter is trailing only to the levels of 17.3 million sq ft witnessed in the first quarter of 2020. It has set the platform for India’s office market to reach and even surpass the peak activity levels witnessed in 2023.
GIFT City may see India’s first regulated global realty, infra-asset tokenisation platform
India's first regulated real estate and infrastructure asset tokenisation platform at GIFT City aims to provide fractional ownership opportunities to small investors using blockchain technology. IFSCA has approved entities like Realdom India Pvt Ltd to commence operations on the platform.
Mohit Gujral joins advisory board of India Sotheby's International Realty
India Sotheby's International Realty appoints Mohit Gujral, former CEO and board member of DLF, to their advisory board. Gujral, known for his philanthropic work with 'The Gujral Foundation,' brings his diverse experience and insights to help raise the bar on real estate practices and explore new opportunities in luxury real estate. The foundation has curated and contributed to several national and international projects. India Sotheby's International Realty, part of the Sotheby's International Realty network present in 83 countries, has offices in New Delhi, Mumbai, Kolkata, and Bangalore, comprising experts from various industries.
India Sotheby's International Realty appoints Saket Dalmia as president
Saket Dalmia, former president of PHD Chambers of Commerce has invested in the company and has joined the board as president. With his experience at PHD Chambers of Commerce, spearheading several initiatives such as Young Business
Actor Bhuvan Bam buys Greater Kailash property for Rs 11 crore
The 180 sq metre bungalow is near to the previous home of Bam family and he has paid Rs 77 lakh stamps duty for the transaction. According to the annual Luxury Outlook Survey 2023 by India Sotheby's International Realty (ISIR), over 75% of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) believe that real estate will perform well over the next two to three years.
International Investors and Realty Developers focuses on sustainable development
Global funds and developers focusing on income yielding assets like Brookfield India Real Estate Trust (BIRET),Blackstone Inc, Canada Pension Plan Investment Board, APG Sustainable Real Asset, Embassy Reit are some of the top corporates who are aggressively adopting ESG across its asset classes. This surge in interest aligns with the increasing demand for energy-efficient buildings, given the projected doubling of global building floor area in the next three decades
India Sotheby's International Realty bags mandate to sell Rs 800 cr worth ultra-luxury apartments in Mumbai
Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates, it added. The price of these luxury residences starts at Rs 60 crore each. Few units have already been sold. India Sotheby's International Realty has got mandate to sell Rs 800 crore worth properties. The size of each flat is around 5,510 square feet.
Sotheby's gets mandate to sell Rs 800 crore ultra-luxury apartments in Mumbai
Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates. The price of these luxury residences starts at ₹60 crore each. Few units have already been sold.
Mumbai residential property sales value likely to top Rs 2 lakh cr by 2030: Study
A study by JLL-NAREDCO predicts that Mumbai's residential sales value is expected to exceed Rs 1 lakh crore in 2023 and surpass Rs 2 lakh crore in 2030. The city has seen a robust recovery, with sales value and volume surpassing 2018 levels. The market has also seen a significant increase in the launch of residential units following the COVID-19 pandemic. The study highlights the importance of infrastructure development in driving growth and improving connectivity in emerging hubs.
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