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Suzlon Sells Pune HQ at One Earth, Hadapsar for INR 440 Crore, Leases Back for 5 Years to Unlock Growth Capital

Known for its renewable energy solutions, Suzlon Energy sold its headquarters, One Earth, in Hadapsar, Pune, for ₹440 crore to monetise non-core assets and drive expansion. OE Business Park (OEBPPL), backed by 360 ONE Alternates Asset Management funds, bought the land.

By Admin

  • 11th Sep 2024
  • 1154 Views
India's Top Real Estate Companies Achieve Record INR 35,000 Cr Sales in June Quarter

In the June quarter, India's top 21 listed real estate developers sold approximately ₹35,000 crore in homes, with Godrej homes having the largest sales bookings. This strong result shows rising customer demand for premium properties.

By Admin

  • 3rd Sep 2024
  • 1137 Views
Construction Equipment Sales in India Remain Flat in Q1 Due to Low Demand

After strong increase in the previous two fiscal years, construction equipment sales were unchanged in the first quarter. Road building project awards slowed and elections lowered demand, causing this stalemate.

By Admin

  • 23rd Jul 2024
  • 1174 Views
French Pharma Sanofi India to Sell Headquarters in Mumbai, Powai

Sanofi, the Indian arm of the French pharmaceutical giant, is set to divest its Headquarters in Mumbai , a standalone building in the posh Powai locality. This building, spanning over 150,000 sq ft, currently houses the company’s country headquarters.

By Admin

  • 20th Jul 2024
  • 1190 Views
Q2 2024 Indian Residential Property Sales Hit by Election, Heatwave, and Rising Prices

Election season, a heatwave, and rising property prices slowed Indian home sales in Q2 2024. This reduced unit sales by 8% from the previous quarter, according to a real estate consultancy group.

By Admin

  • 28th Jun 2024
  • 1209 Views
Gurugram headquartered Smartworks Secures INR 168 Crore Funding for Expansion

Smartworks, a flexible workspace provider in Gurugram, secured INR 168 crore ($22.24 million) from investors to fund its development goals.

By Admin

  • 28th Jun 2024
  • 1194 Views
Co-Working Company Awfis Achieves Profitability with INR 1.3 Crore Q4 Net Profit

Office space sharing company Awfis, which went public last month, reported a net profit of ₹1.3 crore for the January-March quarter, a significant turnaround from a ₹13.8 crore loss in the same period last year.

By Admin

  • 20th Jun 2024
  • 1212 Views
MMR Sees Significant 14% Drop in Unsold Apartment Inventory Over Six Years - ANAROCK Report

Over the previous six years, unsold flat stock in the Mumbai Metropolitan Region (MMR) has dropped 14%. On Thursday, ANAROCK Research said that unsold apartments fell from 2.23 lakh in the first quarter of 2018 to 1.93 lakh by March 2024.

By Admin

  • 25th May 2024
  • 1247 Views
Mindspace Business Parks REIT Sets Record with Over 2 Million Sq Ft Leasing in Q4

Mindspace Business Parks REIT leased over 2 million square feet in the quarter ended March 2024, a record. This is the greatest lease volume since its August 2020 IPO, totaling 3.6 million square feet for 2023-24.

By Admin

  • 1st May 2024
  • 1260 Views
Surge in NRI Investment Boosts Indian Real Estate Market

The participation of Non-resident Indians (NRIs) in India’s residential real estate market has seen a significant rise, now accounting for nearly a quarter of the total sales among large developers, up from just 7-10% prior to the pandemic.

By Admin

  • 26th Apr 2024
  • 1268 Views
Lodha Celebrates Stellar Growth in Q4, with a 21% Increase in Net Profit

Lodha, or Macrotech Developers, reported a 21% rise in net profit to Rs 670 crore for the March quarter. The company's operating revenue rose 23% to Rs 4,020 crore. Developer pre-sales and yearly performance are at an all-time high this quarter.

By Admin

  • 26th Apr 2024
  • 1243 Views
Resilient Home Sales in India Defy High Interest Rates and Rising Prices

The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

By Admin

  • 21st Apr 2024
  • 1294 Views
Delhi-NCR Dominates High-End Luxury Apartment Market

The first quarter of the year saw Delhi-NCR dominate the market for high-end luxury flats priced at least INR 15,000 per square foot among the top eight cities. A large number of new luxury apartment developments sold out rapidly in the area.

By Admin

  • 21st Apr 2024
  • 1278 Views
Co-working Spaces Jump to Second Place in Office Leasing in India for Q1 2024

Flexible space operators became the second-largest office leasing industry in the January to March quarter of 2024, a major change. To suit worldwide corporate needs, the sector's growth has increased.

By Admin

  • 6th Apr 2024
  • 1262 Views
Table Space Leases 1 Lakh Sq Ft at Iconic CCD Square, Bengaluru for Flexible Workspace Expansion

Table Space Technologies leased over 100,000 square feet at Cafe Coffee Day Square in Bengaluru to expand, highlighting India's growing need for flexible offices. Once Cafe Coffee Day's corporate headquarters and flagship shop.

By Admin

  • 18th Feb 2024
  • 1315 Views
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