General

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.

Indian residential markets favour 3 BHKs. The recent 3 bedroom home sales and registrations across India in various pockets strongly suggest the same.

According to a regulatory filing at the BSE, Oberoi Realty of Mumbai has purchased 6.4 acres of land from NRB Bearings Limited (NRB) in Thane's Pokhran Road.

Shriram Properties Limited (SPL) of Bengaluru has acquired development rights for 1.9 million square feet for a residential project in Chennai from Garden City Developers in a transaction valued at approximately Rs 185 crore.

By the end of 2023 - Tata Realty and Infrastructure intends to release 5 msf of office space in Bengaluru, with an expenditure of Rs 4,000 crore. This would include two IT parks.

Oberoi Realty is in discussions with Marriott and Hyatt about taking over management and operations of the hotel.

According to GROHE-HURUN India, DLF Chairman Rajiv Singh remains the wealthiest Indian real estate entrepreneur with a net worth of INR 59,030 crore.

The Adani Group is investigating the possibility of monetising portions of its real estate holdings that have been identified as non-core to its operations, according to two individuals with direct knowledge of the situation

The responsibility of ensuring the welfare of construction workers on construction sites falls squarely on the shoulders of real estate developers. Several measures can be implemented to promote a secure working environment.

Trident Group of Delhi has acquired Shipra Mall in Indirapuram, Ghaziabad, NCR from Indiabulls Housing Finance Ltd and Edelweiss Asset Reconstruction Company Ltd for Rs. 551 Crores.

Godrej Properties, a major player in the Indian real estate market, plans to buy a number of plots of land this fiscal year

The real estate industry in India seems to be prospering despite increasing house prices and mortgage interest rates, according to recent statistics.

The Uttarakhand cabinet approved the finance department's proposal to increase circle rates in all areas of the state with the exception of a few.