Knowledge Realty Trust to be India's fifth listed REIT with 48 msf leasable area, second-largest in Asia, and largest in India by NOI and gross asset value
India's 15 major tier-II cities witnessed a 35 per cent fall in new supply of housing properties to 30,155 units during January-March, according to PropEquity. Real estate data analytics firm PropEquity said the new supply stood at 45,901 units in the first quarter of 2024 calendar year. Samir Jasuja, Founder and CEO of PropEquity, said, "The decline in supply is a result of cautious approach and shifting priorities by developers. Financially robust developers with strong balance sheet look to launch premium homes in order to increase their profit margin." As per the data, new housing supply in Ahmedabad fell 35 per cent to 11,096 units during January-March 2025 from 17,108 units in the year-ago period. Gandhinagar saw a decline of 10 per cent in housing supply to 4,356 units from 4,825 units during the period under review. Fresh housing supply slipped 39 per cent in Surat to 3,309 units from 5,439 units. In Nashik, the new supply decreased 2 per cent to 2,466 units from 2,509 ..
Realty firm Godrej Properties Ltd has acquired 16-acre land in Pune to develop a housing-cum-retail project with an estimated revenue of Rs 3,100 crore. In a regulatory filing on Tuesday, the company informed it will develop about 16-acre land parcel in Upper Kharadi, Pune. "The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of about 2.5 million square feet with an estimated revenue potential of around Rs 3,100 crore," Godrej Properties said. This is the company's second land acquisition this month in the Kharadi-Wagholi belt, taking the estimated cumulative revenue potential from the two developments to about Rs 7,300 crore. The company did not mention whether the acquisition of this land parcel is through outright purchase or partnership with the landowner. Gaurav Pandey, MD and CEO, Godrej Properties, said,"Upper Kharadi has rapidly emerged as one of Pune's most promising real estate .
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Greater scope for personalisation and quick turnaround time making such homes popular
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