Tag: Real Estate
- 20 Sep
Realty firm Godrej Properties raises Rs 1,160 crore through NCDs
Godrej Properties raised Rs 1,160 crore through NCDs on a private placement basis. The company expects 14% growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand. On the operational front, sales bookings declined 11% to Rs 2,254 crore in the quarter, but the company delivered 4.9 million square feet area.
- 20 Sep
Flexible Office Space Market in India to Reach 81 MSF by 2025: Report
The flexible office space market in India is expected to grow rapidly in the coming years, driven by rising demand from startups, SMEs, and large enterprises, as well as the increasing adoption of hybrid work models. The market is still at a nascent stage, but it has grown rapidly in recent years, with over 7.6 lakh seats now available. Prominent office areas such as Whitefield in Bengaluru, Hitec City in Hyderabad, Baner in Pune, Andheri (E) in Mumbai, and DLF Cybercity in Gurugram are popular with flexible space operators and occupiers. Overall, the flexible office space market in India is poised for strong growth in the coming years.
- 20 Sep
Hotels in Noida and Greater Noida charge high room rates ahead of two international events
Hotels in Noida and Greater Noida are witnessing robust demand ahead of two international events, the MotoGP Indian Grand Prix and the UP International Trade Show. Room rates have risen appreciably, with some hotels charging up to Rs 25,000 per night. The upward spiral in hotel tariffs has spilled over to adjoining areas like Ghaziabad, Kaushambi and Vaishali in Uttar Pradesh, and parts of Delhi. Visitors are also choosing alternative options like Airbnb rooms. The surge in demand for rooms is a positive sign for the hospitality industry in the area.
- 18 Sep
MHADA announces lottery for sale of affordable homes in satellite towns near Mumbai and Pune
MHADA has announced a lottery for the sale of affordable homes in satellite towns near Mumbai and Pune. The lottery will be held for the sale of 5,311 homes in Mumbai and 5,863 homes in Pune. The homes will be in the range of Rs 9 to 49 lakh in Mumbai and Rs 5 lakh to 1.11 crore in Pune. Over 1,000 homes in Mumbai are being sold under the Pradhan Mantri Awas Yojana (PMAY). The registration process for the lottery is completely online and available on https://housing.mhada.gov.in/ The lottery results will be announced on November 7, 2023 for the Mumbai lottery and on an unspecified date for the Pune lottery.
- 16 Sep
Maharashtra Real Estate Regulatory Authority (MahaRERA) to Consider Regulations on Monitoring Quality of Construction
MahaRERA is taking steps to improve the quality of construction of real estate projects in Maharashtra and protect homebuyers from unscrupulous developers.
- 15 Sep
Engineering and Manufacturing Sector Becomes a Major Office Leasing Force in India
The Engineering and Manufacturing sector is becoming a major force in the Indian office leasing market. The sector's growth is being driven by government policies and the increasing demand for chip manufacturing and electronic equipment. The sector's expansion is also creating new opportunities for real estate development in the peripheral locations of major cities.
- 14 Sep
Signature Global to Launch IPO on September 20
Signature Global, an NCR-based real estate company, is set to launch its IPO on September 20. The company is targeting to raise ₹730 crore through the IPO, which will be used to fund its ongoing and upcoming projects. The IPO is expected to be well-received by investors, given the company’s strong fundamentals and growth potential. The company has a track record of execution and is committed to providing quality homes to its customers. It is confident of achieving its target of becoming among the top-five real estate players in India in the next few years.
- 14 Sep
Hyderabad Residential Market Registers Strong Growth in August
The residential market in Hyderabad saw a strong growth in August 2023, with property registrations rising 15% year-on-year and 17% month-on-month. The total value of properties registered during the month stood at Rs 3,461 crore. The highest proportion of property registrations were in the price range of Rs 25-50 lakh, accounting for 52% of the total. The demand for properties was largely concentrated in the range of 1,000-2,000 sq ft.
- 12 Sep
Retail inflation eases to 6.83% in August, giving RBI headroom to pause rate hikes
Retail inflation in India fell to 6.83% in August, giving the RBI some headroom to pause rate hikes and support economic growth. The real estate sector is particularly poised to benefit from a stable and benign interest rate environment.
- 12 Sep
Birla Estates Launches New Real Estate Project in Bengaluru with Potential Revenue of Rs 3,000 Crore
Birla Estates has launched a new real estate project in Bengaluru with a potential revenue of Rs 3,000 crore. The project, named Birla Trimaya, is located in the Devanahalli area near the upcoming BIAL IT Investment Region. The first phase of the project offers 1, 2, and 3BHK apartments along with duplexes. The project is expected to attract a diverse range of individuals, including high-net-worth and non-resident investors.