Page 13 - Real Estate Firms

Led by GCCs, commercial realty leasing to touch all-time high in 2024: JLL

Data shared by the consultancy said that during the April-June quarter, all top seven cities in the country recorded gross leasing volumes of at least 1 msf for the first time

Puravankara hits 52-week high on acquiring 7-acre land parcel in Bengaluru

The uptick in stock price came after the company announced that it has acquired a 7-acre land parcel in Hebbagodi, Bengaluru

Prestige Estates up 3% after board okays fundraising of Rs 5,000 cr via QIP

The uptick in share price came after Prestige Estates announced that its board has approved fundraising of up to Rs 5,000 crore via qualified institutional placement (QIP)

Gurgaon realtors increase commission twofold to expedite sales of inventory

On an average, real estate brokers nationwide receive a commission ranging from 2-4%, with those in the National Capital Region (NCR) often nearing the higher end of this spectrum

Real Estate shares rally on Modi 3.0 boost; Nifty Realty index soars 6%

According to analysts, the BJP's manifesto mentioned affordable housing as one of the key focus areas, among others, which could keep real estate players in the pink of their health

Exploring real estate investment opportunities abroad? Know key risks here

From a financial standpoint, the allure of diversifying, tax benefits, capital appreciation, and enjoying favourable rental yields serves as compelling incentive for investment in real estate

Shriram Properties inks JV for housing project; eyes over Rs 250 cr revenue

Realty firm Shriram Properties Ltd has partnered with a landowner to develop a 4-acre housing project in Bengaluru with an estimated revenue potential of more than Rs 250 crore. In a regulatory filing on Tuesday, the company informed that it has signed a Joint Development Agreement (JDA) for the development of a prime 4-acre land parcel located at Yelahanka in Bengaluru. "The proposed project will comprise of 270 apartments with an aggregate saleable area of 3.8 lakh square feet. The project has aggregate revenue potential of over Rs 250 crore and is expected to be developed over the next 3 years," Shriram Properties said. The company is targeting to launch of this project during the first half of the current financial year. "This investment is in alignment with our goal of increasing our footprint within the city and also highlights our asset light approach to accelerate growth, Murali Malayappan, Chairman and Managing Director of Shriram Properties, said. This project will ...

Strong prospects fully priced in for real estate firm Oberoi Realty stock

The revenue increased 37 per cent Y-o-Y to Rs 1,310 crore in Q4FY24 and Ebitda was at Rs 790 crore, up 114 per cent Y-o-Y with the margin increasing sharply to 60 per cent

Prestige Estates' CEO Venkata Narayana K resigns, firm outlines roadmap

Venkata Narayana K became CEO of Prestige Estates in August 2017, following his tenure as chief financial officer and company secretary

New kid on the block: Real estate FOPs ready to roll out bit-sized Reits

Sebi's push for SM REITs has the potential to regularise underlying real estate assets to the tune of over Rs 4,000 crore in the near to mid-term, believes Colliers a real-estate consultant

Aurum PropTech loss widens to Rs 55 cr in FY24, income up 68% at Rs 233 cr

Aurum PropTech Ltd on Monday reported a consolidated net loss of Rs 55.75 crore during the last financial year despite higher revenue. The company had posted a net loss of Rs 28.69 crore in the preceding year. Total income rose to Rs 233.07 crore in 2023-24 from Rs 139.05 crore a year ago, according to a regulatory filing. Total expenses surged to Rs 309.43 crore last fiscal from Rs 188.95 crore in the 2022-23 financial year. Onkar Shetye, Executive Director of Aurum PropTech, said the company has reported another year of "consistent performance across revenue, road to profitability, user growth and tech innovation". "Total income grew to Rs 233 crore, demonstrating a robust 68 per cent Y-o-Y (year-on-year) growth with EBIDTA (earning before interest, depreciation, tax and amortisation) improving to 9.9 per cent, displaying a sustained EBIDTA margin improvement of around 1,150 BPS (basis points) Y-o-Y," Shetye said. During the last fiscal, Shetye said, the company made a notable

Lohia Global to foray into real estate biz as housing demand rises in India

In addition to Moradabad, by 2030, the company will develop residential projects in Lucknow and Delhi NCR with a total investment of Rs 1,000 crore

Experion Developers to invest Rs 1,500 cr to build new projects in Noida

Realty firm Experion Developers will invest about Rs 1,500 crore to develop a luxury housing project in Noida as part of its expansion plans amid sharp rise in demand for residential properties. Gurugram-based Experion Developers has registered its new project 'Experion Elements' with real estate regulatory authority, RERA, for launch. The company, a wholly owned subsidiary of Experion Holdings Pte Ltd, Singapore, will develop around 320 housing units in this 4.7-acre project at Noida in Uttar Pradesh. In the first phase, around 160 units are being launched for sale. Experion Developers CEO Nagaraju Routhu said the company is entering Noida, which is an important real estate market in Delhi-NCR. With the receipt of the RERA registration for this project, he said the company is launching the first phase of this project comprising 160 units. The company had bought this land from the state government through auction process to develop this housing project. The total developable are

Retail real estate in growth mode as consumption, incomes rise: Study

India's real estate sector is set to reach $1.5 trillion by 2034, accounting for 10.5 per cent of the economy, says the report

Real estate Q4 preview signals strong foundations despite presales dip

Anarock highlighted that listed cos like Prestige Estates, DLF, Godrej Properties, Sobha, Oberoi Realty have been on a land-buying spree since pandemic amid significant demand for their properties

Foreign funds avoid real estate; invest only $11 mn in Jan-Mar: Vestian

Institutional investments in real estate declined 55 per cent annually in January-March this year to USD 552 million as cautious foreign investors stayed away, pumping in only USD 11 mn, according to Vestian. The real estate sector had attracted USD 1,238.3 million (USD 1.23 billion) in the January-March period of 2023 calendar year, as per the report, which was released on Saturday. The latest data by global property consultant Vestian showed that the institutional inflow from foreign funds in the country's real estate plunged 99 per cent to just USD 11 million in the first quarter of 2024 from USD 791.4 million in the year-ago period. Domestic investors pumped in USD 541.1 million in the Indian real estate in January-March 2025, up 21 per cent from 446.9 million in the year-ago period. Vestian CEO Shrinivas Rao, said, "Domestic investors are bullish about India's growth story, and continue to pour in investments in the real estate sector. On the other hand, foreign investors are

Indian real estate to be worth $1.5 trn by 2034 as demand soars: Report

GDP could reach $10.3 trn in 10 years, creating demand for offices and housing for all economic sections

Demand for retail space in malls, high-streets may dip 15% in 2024: CBRE

Demand for retail spaces in shopping malls and high-street locations may decline up to 15 per cent this year from a record 71 lakh square feet in 2023 calendar year with retailers being cautiously optimistic, according to CBRE. Leasing of retail spaces in shopping malls and high street locations rose 48 per cent to 71 lakh (7.1 million) square feet in 2023 across eight major cities as against 48 lakh (4.8 million) square feet during the 2022 calendar year. In its report '2024 India Market Outlook', real estate consultant CBRE has projected that the leasing of retail space is expected to sustain between 6-6.5 million (60-65 lakh) square feet in 2024. It also expects a stable supply of retail spaces on completion of numerous high-quality mall developments. Around 5-6 million (50-60 lakh) square feet of investment-grade mall space will become operational in tier-I cities, the consultant said. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, .

Quite a design rethink done to stay relevant, says Prestige Group CEO

Consumer needs and requirements have changed, and differ from city to city. We need to take into consideration what the people of a select city need and then do it accordingly, Venkat K Narayana said

Keystone Realtors sales up 41% to Rs 2,266 cr on strong housing demand

Keystone Realtors Ltd, which sells properties under 'Rustomjee brand', on Monday reported a 41 per cent growth in sales bookings to Rs 2,266 crore driven by strong housing demand. Its sales bookings stood at Rs 1,604 crore in the 2022-23 fiscal year. The Mumbai-based company sold 1.21 million square feet area last fiscal, up 17 per cent from 1.04 million square feet in the preceding year, according to a regulatory filing. During the fourth quarter of 2023-24, the sales bookings surged by 78 per cent to Rs 843 crore from Rs 473 crore in the year-ago period. It sold 0.38 million square feet area in the January-March quarter, as against 0.28 million square feet in the corresponding period of the last year. "The fiscal year FY24 has proven to be an eventful period for our company, marked by notable achievements across all key performance metrics including pre-sales, collections, launches, and new project additions," said Boman Irani, CMD of Keystone Realtors. He said the company's ..