INDIA SOTHEBYS INTERNATIONAL REALTY
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.
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.
F&O stocks to buy or sell today: Apollo Tyres, Oberoi Realty among top 6 trading ideas for 31 May 2024
Indian market is anticipated to rise on Friday, following positive global trends. Nifty futures closed down by 1.13% at 22487 on Thursday. Options data indicates a trading range of 21800 to 23100. Experts recommend buying Apollo Tyres, Coromandel International, Texmaco Rail, Indus Tower, Oberoi Realty, and Sona BLW Precision Forging for short-term trading.
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.
Stock market update: Nifty Realty index falls 0.9%
The Nifty Realty index closed 0.9 per cent down at 1000.95.
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Stock market update: Nifty Realty index falls 1.03% in a weak market
The Nifty Realty index was trading 1.03 per cent down at 999.55.
Stock market update: Nifty Realty index falls 2.16%
The Nifty Realty index closed 2.16 per cent down at 1010.0.
Stock market update: Nifty Realty index falls 1.5% in an upbeat market
The Nifty Realty index was trading 1.5 per cent down at 1016.9.
Q4 results this week: Tata Steel, LIC, IRCTC, Apollo Hospitals Enterprise, and Bharat Dynamics
Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.
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.
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.
F&O stocks to buy today: 9 short-term trading ideas by experts for 21 March 2024
Among sectors, auto was the top performer while metal turned out to be the biggest dud. The S&P BSE Sensex settled at 72,101.69, higher by 89.64 points or 0.12%, the broader Nifty closed at 21,839.10, down by 21.65 points or 0.10%.
These 26 companies saw over 25% drop in Q3 sales, PAT; are they still worth betting on?
Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the last quarter, and a majority of them were part of the chemicals and pesticides sector.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Nifty on Wednesday ended 142 points weaker to form a bearish engulfing pattern on the daily chart, indicating a potential pause in the ongoing rally.
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.
Luxury residential sales in Mumbai up 50% on-year in January-June
Sales of luxury homes worth Rs 10 crore and more in Mumbai surged by nearly 50% to Rs 11,400 crore during January-June 2023, along with an overall growth in the residential property market, according to a report by India Sotheby's International Realty and CRE Matrix. The report highlighted an 83% YoY jump in primary sales activity, with wealth creation in India increasing rapidly.
Domestic firms continued to lead the absorption in April-June’2023 and H1 2023, says CBRE
Domestic firms continued to lead the absorption in April-June’2023 and H1 2023, accounting for a share of 43% and 46%, respectively, mainly led by flexible space operators, technology corporates and BFSI firms according to a report by CBRE. The report points out that office leasing increased by 12% Q-o-Q and touched 13.9 mn. sq. ft. during the April-June’23 period.
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