Real Estate

Almost $175 billion of real estate credit is already distressed, according to data compiled by Bloomberg - about four times more than the next biggest industry

Among the top 10, Mangal Prabhat Lodha and family of Macrotech Developers saw the steepest wealth erosion of 20 per cent in 2022-23: Grohe-Hurun India Real Estate Rich List 2023

The report also revealed that while 2BHKs continued to be the most preferred rental properties, the demand for 3BHKs grew by almost 6% QoQ, indicating an increasing preference for spacious homes

Data from Anarock showed that inventory overhang was the lowest in Bengaluru at 13 months

.

Inflows into office sector up 41% YoY to $900 mn. Key institutional investors signing strategic deals to boost their presence, expand their office portfolio in India

According to an Anarock report, NCR achieved a reduction of 43 months in its 5-year stock of homes, from 66 months by the first quarter of calendar year 2018 to 23 months by Q1 of 2023

According to sources, GIC is in the final leg of three real-estate deals in the country. They relate to properties or significant stakes in portfolios of key investors

The techies, especially those in early phase of their career, are finding it difficult to afford exorbitant rents and they are considering to migrate to distant localities that have afforable rents

Central bank outlook reflects 'sense of optimism' about business and demand growth, says one CEO

Realty stocks could see more gains while banking and NBFCs may witness a relief rally

Rentals may not, however, appreciate in the near term due to considerable supply in a muted demand environment

Real estate consultant JLL India on Wednesday said sales of apartments in January-March across seven major cities rose 20 per cent to 62,040 units, the highest quarterly sales in the last 15 years. The data includes sales of only apartments. Rowhouses, villas and plotted developments are excluded from this analysis. "The Indian residential market saw significant growth in Q1 2023 due to a combination of factors, such as government policies, infrastructure growth and robust launches," the company said in a statement. Across the top 7 cities of India, sales of residential units in January-March went up by 15 per cent compared to the previous quarter and 20 per cent against the same quarter last year, with over 62,000 units sold. "This marks the highest quarterly sales in the last 15 years, indicating increased consumer confidence," JLL said. Bengaluru is currently leading the market in terms of quarterly sales, with a 21 per cent share, closely followed by Mumbai with a 20.9 per ce

Indian corporates overtook American firms in gross leasing of office space during the first quarter of this calendar year with nearly 50 per cent share in the total demand, according to CBRE India. In 2022, it was for the first time that India Inc beat American firms in leasing. On Wednesday, CBRE South Asia Pvt Ltd released the findings of its office report stating that the gross leasing of office space rose 9 per cent year-on-year to 12.6 million square feet during the January-March period across nine cities as against 11.6 million square feet in the year-ago period. "Similar to the previous quarter, domestic firms overtook American companies in terms of quarterly leasing, accounting for nearly half of the leasing activity in the January-March quarter," CBRE said in a statement. The gross leasing of office space rose 40 per cent in 2022 to 56.6 million square feet across nine major cities from 40.5 million square feet in the previous year. Out of the total absorption of office sp

Street will track pace of bookings, project execution, and acquisition of new land

Private trust becomes first to get listed on NSE post SEBI guidelines

The luxury sector is over-indexed, with homes priced at Rs 2-3.5 crore growing at a faster rate

Blow to office market due to slowdown, mass layoffs, slow hiring in tech sector is temporary, they say; sector has fared better than other global markets earlier, will do so this time too

Realty firm Godrej Properties has acquired a 4-acre land parcel in Pune to build a luxury housing project with an estimated revenue potential of Rs 1,000 crore. In a regulatory filing on Saturday, Godrej Properties informed that it has acquired around 4-acre land parcel near Korgaon Park in Pune. The development on this land will primarily be a luxury housing project. "The project will have a developable potential of approximately 7.5 lakh square feet with an estimated revenue potential of approximately Rs 1,000 crore," the company said. The company, however, did not disclose the financial details of the transaction. Gaurav Pandey, the MD and CEO of Godrej Properties, said the demand for luxury homes has remained strong over the past few years. "This will be our first luxury development in the city...," he said. Godrej Properties, the real estate arm of Godrej Group, is one of the leading real estate developers in the country. It mainly focuses on development of housing project