REAL ESTATE MARKET
Mumbai and Hyderabad accounted for 43 pc of new residential launches in H1 Fy25: JLL report Mumbai and Hyderabad spearheaded the surge in residential launches, contributing 43 per cent of new units, with India's market hitting new heights in H1 2024. The two cities together launched a record 160,000 units (5 per cent increase from H1 2023)...
13 Jul, 2024, 12.14 PM ISTResidential launches decline 11% in first half of 2024: Report India's residential real estate market saw a 55% rise in new launches to 159,455 units in H1 2024, with major cities like Bengaluru, Mumbai, Delhi NCR, and Hyderabad leading the surge. In contrast, Kolkata experienced an 11% decline. Overall, reside...
12 Jul, 2024, 04.23 PM ISTIndia 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...
12 Jul, 2024, 12.28 AM IST
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 Mac...
11 Jul, 2024, 08.09 PM ISTIndia 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 ...
11 Jul, 2024, 02.08 PM ISTHousing sales fell by 6% during the April-June quarter Housing sales in India's top markets dip by 6% in Q2 2024, except for Bengaluru and Delhi-NCR. Anticipation of a pro-investment budget post-election impacts buyer decisions. New supply decreases slightly by 1%. MMR, Pune, and Bengaluru dominate both...
11 Jul, 2024, 12.05 PM ISTBengaluru office stock set to touch 330-340 mn. sq. ft. by 2030, highest in India Bengaluru, leading India's office space to 330-340 million sq. ft. by 2030, shows a 41% GCC leasing share. Main areas include ORR, Whitefield, and North Bengaluru, with 15-16 mn sq. ft. annual absorption and competitive rents. The city’s ease of doi...
10 Jul, 2024, 07.47 PM ISTRERA imposes Rs 5 crore penalty on Vatika Ltd The Real Estate Regulatory Authority (RERA), Gurugram, has fined Vatika Limited Rs 5 crore for breaching Section 3 (1) of the Real Estate (Regulation and Development) Act 2016. Vatika had started its Vatika India Next residential project in 2013 but...
09 Jul, 2024, 07.26 PM ISTSignature Global reports Rs 3,120 crore pre sales in Q1 FY25 with 255% YoY growth Signature Global, Gurugram real estate developer, achieved Rs 3,120 crore pre-sales in Q1 FY25, 255% growth, 30% of Rs 10,000 crore target. Collections rose 102% to Rs 1,210 crore. Net debt fell 16% to Rs 980 crore. Launched two premium projects. De...
07 Jul, 2024, 11.51 AM ISTBollywood actor Ronit Roy buys sea-view luxury apartment in Mumbai’s Versova Bollywood actor Ronit Roy and his wife Neelam acquired a 4,259 sq ft sea-view apartment in Versova, Andheri from Macrotech Developers for nearly Rs 19 crore. The June 10 deal includes four exclusive parking slots and a stamp duty of Rs 1.14 crore. T...
06 Jul, 2024, 11.49 PM ISTMarico’s Priyanjali Mariwala buys luxury apartment in Mumbai’s BKC for Rs 65 cr Priyanjali Mariwala, from the promoter family of consumer goods company Marico, has purchased a luxury apartment in Mumbai’s Bandra-Kurla Complex (BKC) for Rs 65.25 crore. The apartment spans nearly 8,300 sq ft and is located on the first floor of t...
05 Jul, 2024, 07.31 PM ISTPankaj Pandey on 2 sectors that are likely to see strong Q1 earnings Raymond specifically, we do not have a coverage. But I think you have very few stocks which can be bought at current levels in real estate given the price appreciation a lot of these stocks have seen. So, some bit of a time correction or price corre...
05 Jul, 2024, 12.08 PM ISTStable economy boosts India's housing market to new heights, scales 11-year peak The housing property market across India is seeing substantial growth in sales volumes, driven by stable economic conditions and continued confidence, even amidst higher mortgage rates. This uptrend is led by the top eight cities, including Mumbai, ...
05 Jul, 2024, 09.54 AM ISTBCD Group bags 1.5 mn sft of residential development in Bengaluru BCD Group secured a 1.5 million sqft residential project in Bengaluru from Ramsons Trendsquares for Rs 660 crores, their first collaboration. The mixed-use development spans 6.5 acres with 600 units in phase 1 and 5 million sqft in phase 2. With the...
04 Jul, 2024, 05.09 PM ISTInstitutional 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...
03 Jul, 2024, 04.10 PM ISTIndian real estate witnesses $1.7 bn private equity inflow during H1 2024 Private equity investment in the Indian real estate sector reached USD 1.7 billion in the first half of 2024, marking a 42% increase year-on-year, as reported by Savills India. However, Q2 2024 saw investments of USD 1.1 billion, similar to the prev...
03 Jul, 2024, 11.35 AM ISTJob Market Outlook: AI integration set to boost employment in financial and real estate sectors Manpower Group's latest Net Employment Outlook for June to September 2024 showcases positive trends in India's employment sector, ranking sixth globally. Despite some decline, the Financial Services and Real Estate sectors are driving growth, with A...
28 Jun, 2024, 10.07 AM 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 ISTAffordable housing suffering; luxury continues to show bumper sales: Gulam Zia Commercial real estate also is doing phenomenally well. If I have to give a few numbers, the last quarter and we saw almost about 14 to 15 million square feet of gross absorption of office space in the country, the top seven-eight markets that we al...
26 Jun, 2024, 12.24 PM ISTHow MSMEs can boost India's real estate market With streamlined regulations and increased credit access, MSMEs have the potential to boost India's real estate sector.
25 Jun, 2024, 10.24 AM IST