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Equity investments in Indian real estate are set to cross $10 billion (₹1,000 crore) for the first time. Inflows reached $8.9 billion from January to September 2024, up 46% year-on-year, driven by strong domestic investor participation and a jump in deal volumes to 200 from 151 in 2023.
- 21st Nov 2024
- 1125 Views
In the next two years, House of Hiranandani, led by Surendra Hiranandani, would invest approximately ₹12,500 crore to increase its development footprint by 10 million square feet in the Mumbai Metropolitan Region (MMR). This strategic expansion will include acquisitions and greenfield ventures.
- 3rd Nov 2024
- 1156 Views
Indian real estate IPOs have gained pace due to high demand in residential, commercial, and retail industries. Real estate IPOs generated ₹13,553 crore in 2024, a significant rise from the previous year, as firms use capital markets for growth.
- 3rd Nov 2024
- 1144 Views
October 2024 saw record property registrations in Mumbai owing to a good purchasing season. Mumbai's property registration revenue is estimated at ₹1,081 crore as of October 29, 2024, as reported by Maharashtra's IGR. An increase of 52% from the ₹712 crore recorded on Diwali in November 2023.
- 31st Oct 2024
- 1151 Views
Massive Odisha Investment Vedanta plans to spend ₹1 lakh billion in Odisha to build a 6 million tonne alumina refinery and a 3 million tonne aluminium factory. Despite having no deadline, this investment is projected to strengthen the state's manufacturing sector and generate jobs.
- 19th Oct 2024
- 1168 Views
Nusli Wadia, Chairman of the Wadia Group, and the Aditya Birla Group have settled their lengthy legal dispute. Aditya Birla Group subsidiary Century Textiles and Industries bought a 10-acre leasehold property tract in Worli, Mumbai, from the Wadia family for ₹1,100 crore.
- 11th Sep 2024
- 1199 Views
Arnya Real Estate Fund Advisors, an alternative investment management business, will launch its first real estate debt fund to invest in India's top eight property markets, raising around ₹1,000 crore. The Arnya Real Estate Fund—Debt offers a ₹1,000 crore green-shoe option.
- 10th Sep 2024
- 1177 Views
Nine significant infrastructure projects have been approved for the Mumbai Metropolitan Region (MMR), enabling transformational development. The MMRDA is leading efforts worth approximately ₹12,546 crore to improve 56 km of roads, bridges, and pedestrian walkways, promoting regional connectivity.
- 10th Sep 2024
- 1167 Views
The Supreme Court has granted permission to state-run NBCC (India) to generate an additional ₹15,000 crore by developing extra flats within the Amrapali projects. This move is intended to address the delivery of stalled homes to approximately 16,000 homebuyers, according to company executives.
- 31st Aug 2024
- 1229 Views
IBM renewed its lease for 830,000 square feet of Embassy Golf Links Business Park office space in Bengaluru. The ₹143 crore yearly leasing contract is one of the biggest in the commercial office space category this year. According to insiders, this initiative would strengthen the US technology giant
- 31st Aug 2024
- 1227 Views
To promote affordable housing in India, the government has quadrupled the financial allocation to ₹10 lakh crore under the PMAY Urban 2.0 scheme. This extra funding is intended to boost affordable housing, especially for individuals relocating to cities for better jobs.
- 21st Aug 2024
- 1202 Views
Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.
- 13th Aug 2024
- 1210 Views
Godrej Properties and Sobha won three important land lots in a Greater Noida Authority auction. The auction saw strong participation, exceeding the reserve price of ₹738 crore with offers totalling ₹1,500 crore.
- 11th Aug 2024
- 1196 Views
First Bank Leases Goregaon Premium Office Space Mumbai: IDFC First Bank has leased an office space at Göegaon's Oberoi Commerz III tower spread across 4 floors. Under the five-year leasing arrangement, the bank would pay ₹170 crore in rent.
- 7th Aug 2024
- 1229 Views
A real estate loan fund raised over ₹700 crore for mid-income and affordable housing projects in tier-I and select tier-II locations by WSB Real Estate Partners. Newly created, fourth SEBI-registered Category-II Alternative Investment Fund (AIF) closes with ₹1,000 crore target capital.
- 4th Aug 2024
- 1196 Views