business and finance

Institutional investments in real estate advance 45% in July-September: Colliers

Alternate assets, which include data centres, life sciences and schools, did not receive any funding in July-September.




business and finance

Home sales, office leasing show robust growth in 2024 so far

BL Mumbai Bureau Knight Frank India reports 9 per cent rise in home sales and 27 per cent increase in office leasing in 2024




business and finance

Poulomi Estates to build ₹800-crore residential project in Bengaluru

The project will have a total of 850 apartments, which are in the range of 1,450 sq ft to 2,550 sq ft




business and finance

Lodha sells houses worth ₹4290 crore in Q2FY25

The Mumbai-based real estate developer said it was the best quarterly sales ever and it came during a period taken up by the inauspicious ‘shraadh’ period when people avoid making large ticket purchases




business and finance

Godrej Properties achieves record bookings of ₹5,200 crore in Q2 FY25

Godrej Properties witnessed an 89% increase in bookings year-on-year in the first half of FY25, amounting to ₹13,800 crore, surpassing its full-year booking guidance’s halfway mark and its previous annual bookings in FY23




business and finance

CREDAI’s strategic collaboration with IIMA unveils advanced real estate leadership programme

This initiative, exclusively available to senior management of CREDAI-affiliated real estate firms across India, aims to provide strategic insights and skills essential for navigating the challenges of the rapidly evolving real estate market.




business and finance

Brigade Enterprises to build a high-rise residential project at Perambur by investing ₹620 crore

It acquired the land from PVP ventures




business and finance

Nyati Group onboards Navigo’s futuristic capabilities to boost sales 

The move aligns with the Group’s vision of utilizing cutting-edge technology to improve the home-buying experience and boost operational efficiency in property sales




business and finance

KBC Global launches new real estate project in Nashik

The project marks an essential phase in KBC Global’s international ventures, promising residential complexes, low-cost housing and commercial spaces within Liberia’s SEZ




business and finance

Puravankara posts 18% sales growth, nets ₹1,331 cr in Q2FY25

The company’s cumulative sales value reached Rs ₹2,459 crore in H1FY25




business and finance

Godrej Properties acquires six land parcels in Jul-Sep to build projects worth ₹9,650 crore

Godrej Properties’ business development additions of ₹12,650 crore in April-September ensure a strong launch pipeline for years to come, says company’s MD & CEO Gaurav Pandey




business and finance

Interest subsidy to be provided only once for a property under PMAY-U 2.0

Affordable housing transactions could be impacted due to clause




business and finance

Real estate transactions drop 71% in Q3 2024, private equity dominates

Despite the overall fall, the number of deals rose 5% quarter-on-quarter and 54% year-on-year, with a potential revival in Q4. 




business and finance

Bengaluru Airport City Ltd breaks ground for 2 million sqft Business Park to boost GCC growth

The Airport city is expected to host a network of business parks comprising 52 per cent of its overall development




business and finance

Chennai suburbs drive high-rise residential unit growth

Locations like Kelambakkam, Kundrathur and Mangadu are today hotspots for new launches




business and finance

Shapoorji Pallonji Real Estate launches joint venture luxury housing project in Gurugram

The joint venture with Kanodia Group’s real estate venture KREEVA has an estimated revenue potential of ₹1,200 crore




business and finance

Godrej Properties wins bid for 6.5-acre land parcel in Mumbai’s Kharghar, stock advances 

The developer plans to build a premium residential project with an estimated revenue potential of ₹3,500 crore




business and finance

Micromitti Real Estate Ventures plans to launch REITs

Micromitti will use technology to enable fractional ownership to provide flexibility and strong returns for retail investors, says Founder & CEO Manoj Dhanotiya




business and finance

Housr plans to open around 30 co-living centres with 3,000 beds

Housr aims to have over 8,000 beds in 100 properties by March 2025




business and finance

Baashyaam to invest ₹420 crore to develop the commercial-cum-residential property Crowne Plaza

The units in the property, which once used to be a famous hotel, will be one of the costliest in the city




business and finance

Hyderabad real estate developers shake off HYDRAA blues

The body said that CM Revanth Reddy’s assurance that buildings with approvals will not be touched has instilled confidence in investors




business and finance

Pune’s home sales value surges 19% in Q3 2024 despite a slight dip in transactions

Based on data from the Inspector General of Registration (IGR), the city’s home sales value jumped 19 per cent year-on-year (YoY), reaching ₹13,865 crore




business and finance

Godrej Properties Q2 net profit surges fivefold; bottomline aided by deferred tax liability

During the quarter, Godrej Properties sold houses worth ₹5,198 crore, up 3 per cent on year while collections rose 68 per cent to ₹4,005 crore




business and finance

Housing loan growth slows as interest rates and property prices surge

Recent data from the RBI on gross bank credit by major sectors shows that the year-on-year growth in housing loans was 13.1 per cent in August 2024, a steep drop from 40.5 per cent in August 2023.




business and finance

Embassy REIT Q2 NOI up 12%; raises leasing guidance for FY25

Over half of its properties across Bengaluru, Mumbai and Chennai saw an average occupancy of around 95 per cent




business and finance

Mindspace REIT NOI crosses ₹500 cr for first time in Q2

The REIT reported 6 per cent higher revenue at ₹623 crore




business and finance

Across cities, rising residential rents pinch tenants

Home rents have shot up by 26-67 per cent leaving consumers with little money for discretionary spending




business and finance

DLF Q2 consolidated net profit up 121 per cent

Consolidated revenues saw a 48 per cent increase y-o-y to ₹2,181 crore. It stood at ₹1,477 crore in the year-ago-period.




business and finance

DLF's sales bookings rise 66% to ₹7,094 crore from April to September despite weak Q2

DLF's sales bookings jumped over three-fold to around ₹6,400 crore during the first quarter of this fiscal from ₹2,040 crore in the year-ago period




business and finance

Macrotech Developers to initiate housing projects worth ₹10,000 crore by March in MMR, Pune, Bengaluru

New projects come in the wake of Macrotech Developers reporting a 21 per cent increase in sales bookings to a record ₹4,290 crore during the July-September period earlier this month




business and finance

Realty firms account for 17% of QIP money raised this year

Of the ₹75,923 crore raised via QIPs till September, realty firms raised ₹12,801 crore




business and finance

Festive season pushes demand for new houses

There is a growing demand for houses priced above ₹2 crore




business and finance

Property prices rise across cities fuelled by demand, costs, rental yields

A major reason for the spike in prices is also due to higher construction costs




business and finance

EFC gets SEBI nod for India’s first small & medium REIT IPO 

With plans for a ₹500 crore IPO through its subsidiary, EFC REIT, the company aims to enhance its investment management and commercial real estate operations.




business and finance

WeHouse streamlines home construction with transparency, expands to Tier-II cities

By dividing the construction journey into 24 well-defined milestones, the startup provides clients with complete visibility into their projects, aligning payments with milestones to build trust




business and finance

October home sales soar in Mumbai; Builders to keep the frenzy going

According to state government data, it has garnered revenue of over ₹1,200 crore as stamp duty from the city alone




business and finance

Realty sector rises 63%, outshining Nifty50; more firms eye IPOs

The sector is attracting new entrants via record IPOs, with seven listings raising ₹13,550 crore in 2024, showing strong investor interest in this thriving market.




business and finance

Sattva Group plans ₹14,000-crore investment to build 80 m sft of residential, commercial projects

Co-living space a focus area for Sattva Group, eyes co-living capacity of 15-16,000 beds by year-end




business and finance

DLF to invest ₹8,000 cr to build super-luxury project in Gurugram

The company will develop around 420 apartments in this project




business and finance

Biz families of Tier-II cities drive-up ultra luxury residential demand in North & West India

‘The Dahlias’ – realty major DLF’s upcoming super-luxury residential project in Gurgaon with units priced upwards of ₹80 crore – is witnessing active buyer interest from some of these Tier-II city-based business families




business and finance

IHCL acquires majority stake in Tree of Life Resorts, plans major expansion 

IHCL plans to expand the Tree of Life portfolio from its current 19 properties (plus 2 under development) to 100 properties by 2030




business and finance

Brookfield India REIT Q2 results: NOI up 40% YoY

Brookfield REIT gross leased 1 million square feet with a spread of 19 per cent driven by a strong revival in SEZ demand




business and finance

Brigade to invest ₹800 crore to develop 1 million sq ft residential apartments in West Chennai

West Chennai is one of the fastest growing parts of the city




business and finance

IBBI pushes for land authorities to join CoC meetings in real estate insolvency cases

Releases discussion paper to revamp real estate insolvency, addressing seven key areas




business and finance

Call to use of path-breaking technology in construction sector

Adoption of insulation technology is currently delivering substantial benefits, including a massive 80 per cent reduction in energy utilization for homes using air conditioning




business and finance

Non-IT services tenants, SEZ conversions aid occupancies in REITs

Brookfield India Real Estate Trust, which was hit by exits by tenants in the IT and IT services segments, has only 26 per cent of its tenant base in the technology sector




business and finance

Interarch Building Products plans to double turnover to ₹2,500 cr by 2028

The company, which got listed recently, clocked a turnover of ₹1,293 crore in FY24




business and finance

‘India an outlier as global real estate slowly returns to normalcy’

The big difference with India is that we saw when the GCCs retracted for a time, the Indian domestic market filled that void. And we’re about to see the largest take-up in offices probably in 2024. And that is a strong diversified market: William Beardmore-Gray




business and finance

Letters to the Editor dated June 24, 2024




business and finance

Letters to Editor dated June 25, 2024