Page 2 - Real Estate

India a mature real estate market with $5 bn fund flows per year: McDonald

India's real estate market in 2022 saw a more evenly distributed dispersion of investment as compared to 2020

Office space operator Tablespace takes on lease 100,000 sq ft area in Pune

Tablespace, which provides managed office space to corporates, has taken on lease one lakh square feet area in Pune to grow business. Real estate consultant Colliers India on Friday said in a statement that it has facilitated the leasing transaction of office space in Pune spanning 100,000 square feet for Tablespace. Co-working is emerging to be the preferred office space for businesses across industries, especially post-pandemic, given the flexibility and cost-effectiveness it offers, the consultant added. The companies present in the co-working segment, which includes managed and customised office space, generally take office space on lease from property owners and sub-lease it to corporate clients as well as individuals. On Thursday, Skootr, which also provides managed office space to large corporates, said it has taken on lease over one lakh square feet of office space in realty firm Max Estates' new building Max Square in Noida. Colliers India mentioned in its recent report t

Taparia family buys India's costliest apartment worth Rs 369 cr in Mumbai

The apartment is part of a sea-view luxury triplex apartment located in South Mumbai's Malabar Hill

Unique Properties - Pune's Finest Real Estate Brand that's making Unique and Exemplary strides!

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TVS Emerald, HDFC Capital to create Rs 1000 cr platform for real estate

Agreement to assist setting up plotted development projects in Chennai and Bengaluru

Sale of residential property in Mumbai touches a five-year high in 2022

Most of the home buyers were inclined towards mid-segment housing in Mumbai in the price range of Rs 1 to 2 crore

Real estate growth depends on job security of people: Gera Developments MD

Tight monetary norms would mean funding will become harder for developers, he says

Real estate sector gets $32 bn equity capital in 2018-2022, says CBRE

Real estate sector has received an equity capital of USD 32 billion during the last five years and is expected to attract USD 12-13 billion during 2023-24 with office assets likely to garner maximum fund, according to CBRE. Real estate consultant CBRE has estimated that equity flows in real estate sector will remain steady with expected investment at around USD 12-13 billion over the next two years with an average USD 6-7 billion flow per year. Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, investment banks, corporate groups, and REITs, etc. CBRE expects that office assets would continue to garner a majority share of total institutional inflows, followed by Industrial & Logistics (I&L) and sites/land parcels. In addition, alternative investments, particularly in data centres, may take off. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, ..

Mahindra firm, partner to set up mn sq ft warehouse park in Maharashtra

The facility will be part of an industrial corridor near that has become a major manufacturing cluster

Luxury housing fuelling growth in Indian realty market, say experts

Luxury homes are mostly located in upscale neighbourhoods and provide facilities like expansive decks, project amenities like swimming pools, spacious parking and terrace gardens

Moving ahead with Gati Shakti

Allowing the private sector even a limited access to the platform will make Gati Shakti universal in its appeal and effectiveness

Merlin Group plans to develop a World Trade Center in Kolkata

The oldest World Trade Center in India is in Mumbai. There are Centers in Bangalore, Chennai, New Delhi, Noida, Pune, among others

Metros continue to dominate Tier-2 cities in residential real estate market

The year 2022, saw maximum residential property sales in the last eight years, with total absorption increasing by 28 per cent year-on-year, according to a recent report

Urban centres to double in 25 years, helping real estate: Civil servant

With increasing urbanisation from 12 to 30 per cent, the next 20 years could see more development than in the last 50 years

TMS Ep393: Credit Suisse crisis, real estate, bank stocks, Toshakhana case

Will the Credit Suisse crisis affect India? What does real estate tell us about Indian economy? How should investors approach bank stocks? What is the Toshakhana case against Imran Khan? Answers here

Rajasthan govt auctions eight sandstone plots for Rs 46.61 crore

The bidders will deposit 40% of the amount that Rs 59.32 crore in the treasury in this financial year, that is by March 30, 2023

Ganga Realty to invest Rs 750 cr to build affordable housing project

Real estate firm Ganga Realty will invest Rs 750 crore to build an affordable housing project in Gurugram. The company will develop 2,972 apartments in new project 'Tathastu', which is spread over 22 acres in Sector 5, Sohna-Gurugram. The price of the apartment starts from Rs 25 lakh. "The company will spend Rs 750 crore to build an affordable housing project," Ganga Realty said in a statement. Vikas Garg, Joint Managing Director of Ganga Realty, said the total project cost is Rs 750 crore and this will be funded through internal accruals and customer advances. The project is expected to be delivered by the first quarter of 2027. Garg noted that Sohna is primarily an end user driven market. In affordable housing segment, realty firm Signature Global is a leading player in the Gurugram market. According to property consultant Anarock, sales of residential properties in Gurugram jumped over two-fold to 32,617 units during 2022 on higher demand across all price categories affordab

DLF to invest Rs 3,500 cr in next 4 yrs on housing project in Gurugram

Realty major DLF will invest around Rs 3,500 crore over the next four years to construct a new luxury housing project in Gurugram as its seeks to tap strong demand for residential properties. DLF will develop a new group housing project 'The Arbour', which is spread over 25 acre and comprises 5 towers with a total of 1,137 premium apartments. DLF, the country's largest real estate firm in terms of market cap, sold all 1,137 units, each costing Rs 7 crore and above, for over Rs 8,000 crore within 3 days (February 15-17). In an interview with PTI, DLF Ltd CEO Ashok Tyagi said, "We will develop around 4.5 lakh square feet area in this new project." Asked about the construction cost, he said it will be between Rs 7,000-8,000 per square feet given the amenities promised in this luxury project. Tyagi said the overall construction cost has shot up due to increase in prices of key materials like cement and steel. The total construction cost will be around Rs 3,500 crore over the next fou

Saheel Properties - A rapidly increasing, and progressively growing Real Estate Developer of Pune!

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HARERA revokes agent's RERA registration obtained on forged documents

The HARERA has also marked an inquiry into the matter taking instant cognizance of the complaint in this regard