LUXURY SECTOR
Premiumization in India: Unlocking investment opportunities Consider the automotive industry: 60% of car registrations in India in FY24 have been SUVs, highlighting a preference for higher-end vehicles offering status and comfort. In the two-wheeler segment, growth is driven by demand for power bikes Similar...
13 Jul, 2024, 01.14 PM ISTMumbai 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 compar...
11 Jul, 2024, 05.31 PM ISTAshiana housing to double its annual senior living housing sales Ashiana Housing, a listed real estate developer, is aiming to double its annual senior living housing sales to 1,000 units within four years. This comes in response to the post-Covid surge in demand, which has already increased their sales from 200 ...
09 Jul, 2024, 07.40 PM IST- ADVERTISEMENT
Alphacorp to invest Rs 350 crore in luxury residential project in Gurgaon Alphacorp partners in a Rs 350 crore joint venture for a luxury residential project in Gurgaon, developing 500,000 sq ft across two land parcels. The project, 'Alphacorp SKY1', will feature 200 units in a 29-floor building, aiming for Rs 600 crore i...
09 Jul, 2024, 03.58 PM ISTResidential 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 ISTExperion Developers buys Gurugram plot for Rs 400 crore The wholly owned Indian subsidiary of Singapore's Experion Holdings Pte Ltd had in the last one-and-a-half years acquired five plots worth Rs 2,100 crore, mainly in Gurugram, where it is in the process of launching new projects.
05 Jul, 2024, 12.55 AM ISTPrices of premium residential under-construction properties continue to rise in top cities According to Savills India, prices of premium under-construction residential properties surged up to 53% in major cities like Gurugram, Delhi, Noida, Bengaluru, and Mumbai. Gurugram led with the highest increase. North Goa also saw a 28% rise in vil...
02 Jul, 2024, 12.29 AM ISTBy 2027, no of branded residences projects forecast to increase to 1200: Noesis Capital Advisors Report While the Noesis analysis shows that the price premium of such residences globally is very high, in comparison, India currently sees a price premium of around 21-40% as per the market. The company said there is no reason to indicate why this number ...
28 Jun, 2024, 06.10 PM ISTRs 15 crore for Noida 4 BHK? YouTuber Akshat Shrivastava on Dubai, Singapore, New York comparisons Debates on luxury home prices in India escalate as netizens question the affordability of Rs 15 crore apartments in Noida. Many netizens suggest invest in European properties for citizenship and concerns over real estate 'herd value' pricing emerge....
26 Jun, 2024, 04.30 PM ISTValue lies as much in the hand as the bag Buyers of luxury brands should prioritize quality over the country of manufacture. Luxury is about imperfection, as handmade items are unique due to subtle differences. Recent investigations into exploitation in Italy's luxury sector highlight a shi...
15 Jun, 2024, 12.04 AM ISTSignature Global buys 3.8 acre land in Sector 37D of Dwarka Expressway, Gurugram Signature Global's strategic acquisitions and successful project launches have propelled the company's growth in the luxury housing market, exceeding pre-sales targets and achieving significant sales realisation increases.
14 Jun, 2024, 11.38 AM ISTRoyal Orchid aims for major expansion with 11,000 keys by 2026 Royal Orchid, a hospitality company based in Bangalore, plans to expand its portfolio to 11,000 keys over the next two years by entering new markets in Jammu & Kashmir, Uttar Pradesh, Andhra Pradesh, and Telangana, and by enhancing its presence in e...
14 Jun, 2024, 08.29 AM ISTTravel demand to outpace supply for next decade: Yezdi Nagporewalla But you will always have a mismatch between demand and supply and it is largely because the hospitality sector is interdependent on other aspects like infrastructure, like hygiene, like safety, and those aspects. So, the entire ecosystem actually ha...
31 May, 2024, 08.01 AM ISTUnion Bank invests Rs 250 crore in Hyderabad realty co’s luxury housing project Company’s project The Megaleio will be spread in over one million sq ft area and will need to Rs 800-900 crore. While the funding raised from the bank will be used to start the construction, balance work will be done through the sales receivable, wh...
25 May, 2024, 12.17 AM ISTSignature Global buys 14.65 acre land on Dwarka Expressway in Gurgaon " Dwarka Expressway has swiftly become a premier destination for homebuyers seeking luxury residences. In recent years, numerous high-end residential projects have been launched in this area, with many more expected in the near future,” said Pradeep...
17 May, 2024, 08.28 PM ISTRetailers to continue hiring in 2024, focus on tier 2, 3 cities : Report In 2024, retail jobs surge with the operationalization of brands expanding from 2023, driving demand by 15-20%. E-commerce, despite startup leadership, faces hiring challenges. Logistics saw a dip. Retailers target fresh grads (52%) and experienced ...
09 May, 2024, 11.02 AM ISTBrookfield in talks with bankers to take Leela Hotels public Brookfield Asset Management is reportedly planning to list its luxury hotel chain, The Leela Palaces, Hotels & Resorts. The Canada-based asset manager had earlier committed to investing over '1,500 crore in the hotel chain, which was the largest-eve...
01 May, 2024, 10.07 AM ISTLuxury 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.
30 Apr, 2024, 02.00 PM ISTReal estate sector needs more hands to plan, build & sell in boom time The real estate sector in India has undergone significant transformation in recent years, from the increasing volume of sales to the implementation of regulatory reforms including RERA. These changes have brought about a heightened demand for profes...
27 Apr, 2024, 12.30 AM ISTIHG Hotels & Resorts and Brigade Group ink deal for maiden InterContinental hotel in Hyderabad IHG Hotels & Resorts has partnered with Brigade Group to develop a 300-room InterContinental brand hotel in Telangana, India. The InterContinental Hyderabad Neopolis will be the first InterContinental property in Kokapet, Hyderabad, and will be part...
25 Apr, 2024, 05.55 PM IST