Page 24 - Real Estate

Housing sales in top 7 Indian cities likely to dip by 0-3% in FY26: Icra

Icra projects housing sales in top seven cities to fall up to 3 per cent in FY26, even as new launches recover and listed developers consolidate market share

Western suburbs lead Mumbai's Rs 1.31 trn redevelopment boom: Knight Frank

Knight Frank India says society redevelopment projects across Mumbai will unlock 44,277 new homes by 2030, with western suburbs accounting for nearly three-quarters of supply

Mumbai redevelopment boom to unlock 44,000 new homes worth ₹1.3 lakh cr

Suburbs transforming faster than island; lead with 95% of development agreements since 2020

Brigade Group inks pact for Rs 2,500 cr residential project in Bengaluru

Brigade Group has signed a joint development agreement for a Rs 2,500 crore luxury housing project on 10.75 acres in East Bengaluru, targeting 2.5 million sq ft of saleable area

Realty India's #1 investment at 63%, premium home demand doubles post Covid

Real estate is the most preferred asset class for investment among over 63% respondents, a 4% increase against the previous year's survey.

₹10 lakh crore stuck in stalled housing projects, warns investment advisor

Locked-up capital could cause 'unbelievable pain' to families and pose risk to the economy, he says

India is the number one office market in the world: Mindspace Reit

K Raheja-backed REIT plans ₹4,000 cr capex, portfolio expansion, and higher occupancy

Mindspace REIT aims for 50% increase in net operating income in four years

Mindspace Business Parks Real Estate Investment Trust (REIT) is aiming for a 50 per cent jump in its net operating income over the next three to four years, a senior official said on Monday. This is an organic growth in the NOI, courtesy of a planned expansion programme, which will see it deploy over Rs 4,200 crore to add another 8 million square feet of area, the officials added. "Our NOI will grow by Rs 900-1,000 crore in the next three to four years," its chief financial officer, Preeti Chheda, said. The trust's current NOI - which is a key metric tracked by all as it represents the actual performance - is Rs 2,000 crore. Chheda said the company, which is celebrating the completion of five years since listing, has a portfolio of 30 million sq ft at present, and another 3.5-4 million sq ft under construction. Apart from that, it has plans to add another 4 million for which permissions are awaited from the authorities. Construction on the new projects will begin in the next 12-18

81% express concern over house affordability, Mumbai bucks the trend:Survey

Mumbai buyers remain confident thanks to strong fundamentals and long-term prospects

Retail leasing in Delhi-NCR jumps 25% as fashion, home brands expand

Fresh mall supply, rising footfalls and strong demand from apparel and homeware brands lift retail leasing in Delhi-NCR, with vacancies in top-grade spaces at historic lows

Bollywood actor Tiger Shroff sells apartment for ₹15.6 crore in Mumbai

The property in Rustomjee Paramount offers excellent connectivity to Vithalbhai Patel Road, Swami Vivekanand Road, and the Western Express Highway, offering residents a convenient commute

Bollywood actor Tiger Shroff sells luxury Mumbai flat for Rs 15.6 crore

The 2,189 sq. ft. apartment in Khar includes three parking slots; Tiger Shroff had purchased it in 2018 for ₹11.62 crore, recording a healthy gain on sale.

Sunteck Realty gets buy rating from Motilal Oswal; why is the stock up 5%?

Sunteck Realty shares rose 5 per cent after its board approved the issuance of convertible warrants through preferential allotment

Max Estates shares soar 6% on 7.25-acre project in Gurugram; details here

Max Estates shares rose 6% after it secured development rights for a 7.25-acre land parcel in Sector 59 in Gurugram

Max Estates buys 7.25-acre Gurugram land at Rs 534 cr for housing project

The land parcel has a group housing development potential of 1.3 mn square feet, and will complement its Estate 360 project located on Dwarka Expressway in Sector 36A

Max Estates buys 7.5-acre Gurugram land to build project worth ₹3,000 crore

Max Estates Ltd has acquired a 7.25-acre land in Gurugram to develop a housing project with an estimated revenue of Rs 3,000 crore, as the company intends to expand business amid strong demand. In a regulatory filing on Saturday, the company informed that the board has approved acquisition of Base Buildwell Private Limited (BBPL). Base Buildwell is a special purpose vehicle holding licence and development rights over the 7.25-acre land parcel located at Sector 59, Golf Course Extension Road in Gurugram. "The outlay associated towards the transaction is expected to be around Rs 534 crore, comprising the acquisition of 100 per cent of the share capital of BBPL on a fully diluted basis comprising 10,000 equity shares of Rs 10 each and 24,17,256 compulsorily convertible debentures of Rs 100 each, and project-level payments toward security deposit, purchase of Transferable Development Rights, and related approvals," the company said. The estimated development potential on this land is

One Reit may enter market annually for next 3-5 years, says IRA chief

The Indian REIT sector is poised for expansion with at least one new listing annually over the next three to five years, driven by rising occupancies, strong leasing momentum, and investor confidence

Shriram Properties signs agreement for prime land in North Bengaluru

Shriram Properties has signed a joint development agreement for 6.5 acres in North Bengaluru, with a ₹500 crore GDV, to launch a premium residential project in the area

Bain, Sattva launch $100 mn co-living platform; Colive raises $20 mn

Sattva-backed Colive partners with Bain Capital to launch a pan-India co-living platform, with $100 million investment to fuel growth and $20 million in additional strategic funding

Malaika Arora sells Andheri West flat for Rs 5.30 crore, nets 62% gain

Bollywood actor Malaika Arora made a 62% gain on her Runwal Elegante apartment, bought in 2018 for Rs 3.26 crore