Page 148 - Real Estate

UP RERA logs 23% growth in registration of new real estate projects in 2022

There was a jump of about 23 per cent in the registration of projects in 2022 as compared to 2021

Budget 2023: Real estate sector wants tax sops, PPP in affordable housing

Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services

Record-high housing sales in 2022, new launches in 7 top cities: Data

The year 2022 witnessed record-high housing sales and new launches across the top seven cities in the country, according to new data

Logistics market glows like a 'supernova' with entry of global behemoths

Most of the players are looking to invest anywhere between $ 500 million to a $ 1 billion in the new ventures in the next couple of years

Ready homes likely to hit 6-year high in 2023, says Anarock report

2023 likely to witness most ready-to-move homes in 6 yrs

Mahindra Lifespace acquires 4.25 acres of land parcel in Bangalore

The project is located just off Hosur Road and offers access to well-developed social infrastructure with educational institutes, healthcare facilities, and retail avenues in proximity

Godrej Properties buys land in Chennai worth Rs 100 cr for housing project

Godrej Properties, a part of business conglomerate Godrej Group, is one of the leading real estate developers in the country

Godrej Properties announces acquisition of 60-acre land parcel in Chennai

The real estate development arm of Godrej Group said it would develop a residential project on the land

Pent-up demand in real estate will continue in 2023: Knight Frank India

Despite geopolitical challenges, the office sector saw a strong recovery in demand and saw a rise of 36 per cent YoY

Buy from rightful owner, don't trip up on titles when investing in a plot

With prices on the upswing, a judiciously chosen plot can yield higher return than an apartment

Realty sees surge in investment platforms, partnerships worth $4.5 bn

Indian real estate saw a surge in setting up of investment platforms in 2022 and an amount of USD 4.52 billion has been committed, which will be deployed over the next few years, according to JLL India. Foreign as well as domestic investors tie up with real estate developers to establish an investment platform for the development of different realty projects like warehousing parks, office assets, student housing and data centres among others. According to the data, platform deals/partnerships worth USD 1,651 million were announced in 2019, USD 1,880 million in 2020 and USD 3,320 million in the 2021 calendar year. "Platform deals/ partnerships amounting to USD 4,527 million were announced during 2022, to be invested in the next few years," JLL India said in a report, adding that higher investment commitments over the years suggest increasing confidence in the Indian real estate market. "Improved synergy of marquee global funds with pedigree developers in respective asset classes - a

Indian realty got $5.2 bn institutional investment in 2022, up 19%: Study

Warehousing, data centres will attract institutional investments in 'years to come', says JLL

PE investment up 58% in NCR realty in first 3 quarters of FY23: Study

PE funding in Indian real estate up 3% annually, demand for commercial and residential properties continues: ANAROCK Capital

Despite rate hikes, residential sales in India at 9-year high: Knight Frank

Along with the rise in sales, new home launches also rose a significant 41 per cent to 328,129 units in 2022

Institutional investments in retail real estate jump 6-fold in 2022: Rpt

Institutional investments in retail real estate jumped over six fold to USD 492 million in 2022, as businesses in shopping malls revived strongly post the COVID pandemic, according to Colliers India. In 2021, the retail real estate had attracted only USD 77 million institutional investments because of an adverse impact of the COVID pandemic on the businesses in shopping malls. Overall, Colliers said that the institutional investments in the Indian real estate sector grew 20 per cent in 2022 to touch USD 4.9 billion from USD 4.08 billion in the previous year. Alternate asset classes, which includes data centres, received an investment of USD 867 million last year, up 92 per cent from USD 453 million in 2021. Alternate assets include data centres, life sciences, senior housing, holiday homes, and student housing among others. The growth of alternate assets is led by investors looking to diversify their portfolio, given steady returns in some traditional asset classes, Colliers India

HDFC Capital achieves $376-mn initial close for scheme 2 of H-CARE 3

H-CARE 3 Scheme 1 & 2 and HDFC Capital Affordable Real Estate Funds - 1 & 2 have created a US$3.1 billion funding platform

Ajmera Realty records Rs 694 crore sales in first nine months of FY23

The sold area also included a recently launched project at Juhu which clocked sales of over 10 per cent of the sales potential on receipt RERA registration during the quarter

HDFC Capital raises $376 million for affordable housing fund H-Care 3

HDFC Capital, the real estate private equity arm of HDFC Group, on Monday achieved the initial close for second scheme of its third fund, raising USD 376 million. The latest fund raising is the third by HDFC Capital's affordable real estate fund (H-Care 3) and the primary investor in the H-Care schemes is a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), HDFC said in a statement. Since the launch in 2016, the fund, across its schemes, has created a USD 3.1 billion funding platform, making it one of the largest private finance platforms in the world focused on development of affordable housing. The fund will provide long-term, flexible funding across the life cycle of affordable and mid-income housing projects including early-stage funding. In addition, it will also invest in companies in the construction technology, fintech, sustainability-tech etc. engaged in the affordable housing ecosystem. HDFC Capital targets to finance 10 lakh affordable homes through a

Women in construction, real estate sector earn less than males: Report

Informal women workers in Indian construction and real estate sector earn 30-40 per cent less than male workers, according to a report that highlights about gender inequality in this sector. Consulting firm Primus Partners and World Trade Center on Monday released a report 'Pink Collar Skilling: Unleashing the Women's Power in the Real Estate Sector' stating that out of the total people employed in this industry only 12 per cent are women. "In the domestic construction and real estate sector, which employs 57 million workers, 50 million of the people employed are men, and only 7 million are women," the report said. Further, it added that the informal women workers engaged in construction in India earn 30-40 per cent less than their male counterparts. This highlights the "gender inequality prevalent in the construction and real estate sector in India," it observed. With a 34.5 per cent pay gap, the hourly wage of women in the construction industry is Rs 26.15, the report pointed ou

Real estate developers urge relaxation of norms under stage III of GRAP

Real estate developers have urged for some relaxation in the provisions of stage III of the Graded Response Action Plan (GRAP) which was reimposed on Saturday in Delhi-NCR due to severe air pollution