General

A generational revolution is underway in the Indian residential real estate market, and millennials (those born between 1981 and 1996) are leading the charge.

All essential permissions will be given within three months using a single-window certification system, and these projects will be completed by self-regulation procedures.

The BBMP Restructuring Committee has been granted a larger mandate to reimagine Bengaluru's governance and administration as the city continues to expand.

West Bengal Housing 'Infrastructure Development Corporation and Godrej Properties have agreed to buy a 7.44-acre land lot in Kolkata's New Alipore.

Ghar.tv explores the list of AI applications for the Indian real estate industry that could improve the experience for all stakeholders and enhance the industry as a whole.

The Reserve Bank of India's decision to keep the repo rate at 6.5% for a second time is expected to help the real estate market maintain residential sales growth, particularly in the interest rate-sensitive affordable, low- and middle-income housing segment.

Mumbai, India's financial hub, is seeing a real estate building boom in 2023. Mumbai's real estate business offers several chances for stakeholders with over 11,000 active building sites.

Kalpataru struck a revenue-sharing arrangement with Indian Hume Pipe Company to build a mixed-use property on 15 acres in Pune's Vadgaon locality.

The Bangalore-based Embassy Group, one of the leading real estate developers in India, achieved one of its greatest residential revenue growths ever in fiscal year 2023, recording revenues of Rs. 1,370 crore, a 210% increase year-over-year.

Vaishnavi Group of Bengaluru plans to create 6 million square feet (msf) of residential complexes and 4 msf of office space in Bengaluru, with a potential top-line income of Rs 5,000 crore.

Prestige Falcon Realty Ventures, a fully owned subsidiary of the Bengaluru-based real estate developer, paid INR 978.7 Crore for securities from DB Realty and its subsidiaries to enhance its share in Prestige BKC Realtors from 50% to 100%.

In the current fiscal year 2023-24, The Phoenix Mills plans to invest over Rs 2,000 crore to support the ongoing portfolio expansion in key locations such as Pune, Bengaluru, Kolkata, and Surat.

Corporate real estate developers across Indian have recognised the high value of plotted developments and vacation properties, and are increasing their investment in this segment to provide purchasers with more options and greater transparency.

In 2023, Bengaluru-based real estate firm Puravankara Ltd intends to launch new projects comprising over 15 million square feet in Bengaluru, Chennai, Kochi, and Coimbatore, with a three-year revenue goal of Rs 18,000 crore.

After 13 rounds of bidding, Ahmedabad's Sankalp Recreation, Kolkata's Shri Ram Multicom, and Mumbai's Rare Asset Reconstruction Co are the sole bidders for Rajesh Life Spaces' bankrupt hotel property.