Page 40 - Real Estate

Co-working operators' office leases up 48% in top 7 cities: Colliers

Co-working centre operators have rented 65 lakh square feet of office space during the January-June period this year across seven major cities, up 48 per cent on an annual basis, on rising demand for managed and flexible workspaces from corporates, according to Colliers India. Co-working operators leased 44 lakh square feet in the corresponding period of 2024 calendar year across seven cities -- Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Pune and Bengaluru. The co-working operators take office spaces on rent from real estate developers and property owners and then sub-lease it to corporates of all sizes. Although many corporates have started opting managed office space provided by co-working operators to save cost and hassles, a large number of companies still take conventional workspaces directly from builders and property owners. Colliers India data showed that the total gross leasing or absorption of office space rose 13 per cent to 337 lakh (33.7 million) square feet durin

Godrej Properties buys 43-acre land in Panipat, aims ₹1,250 cr revenue

Godrej Properties has acquired a 43-acre land parcel in Panipat, Haryana and is expecting a revenue of more than Rs 1,250 crore through the sale of residential plots. In a regulatory filing on Monday, Godrej Properties informed that it has "acquired 43 acres of land for a plotted development that will have a revenue potential in excess of Rs 1,250 crore." The company did not disclose the deal value. This will be the company's first project in Panipat and fourth residential plotted township in North India. The land is located in Sector 40, Panipat. This project will contain approximately 1.02 million sq ft of plotted residential development. Godrej Properties MD and CEO Gaurav Pandey said, "The project fits well with our strategy of expanding into new markets for plotted development. Haryana has been a key market for us, and we look forward to develop a quality plotted township in Panipat, that creates long-term value for its residents." Godrej Properties is one of the leading rea

Sobha to invest Rs 800 cr on new luxury housing project in Greater Noida

Real estate company Sobha Ltd will invest around Rs 800 crore to develop a luxury housing project in Greater Noida as part of its plan to expand business in the Delhi-NCR property market. The Bengaluru-based company has got all regulatory approvals to launch its project 'SOBHA Aurum' in Greater Noida, comprising 420 apartments. The project is spread across 3.46 acres with development potential of 9.3 lakh square feet, the company said in a statement on Thursday. Sobha Ltd did not mention the project cost. However, sources said the total investment will be around Rs 800 crore. The realty company has launched this project at around Rs 14,000 per square feet. The apartments are being sold in a price range of Rs 1-3.5 crore. Sobha Ltd had bought this land parcel through an auction process for around Rs 160 crore. The company already has a presence in the Delhi-NCR market. It has developed many projects in Gurugram, including 'Sobha International City' on Dwarka Expressway. This is t

Gurugram home prices up 84% since 2020: Why buyers must tread carefully now

Investors could be creating a real estate bubble and 'genuine buyers' must tread cautiously, say experts

Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore

The real estate arm of the Mahindra Group will lead redevelopment of a premium housing society in Mulund West, with proximity to Metro Line 5 and key road links

Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids

Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day

Private equity flows into Indian real estate fall 41% in H1 CY25: Report

Amid global macroeconomic headwinds, PE flows into real estate fell to USD 1.7 billion in H1 CY25, with rising domestic capital and office segment resilience

Arkade acquires redevelopment project in Goregaon, eyes ₹350 cr in revenue

The 1.1-acre Goregaon West society deal marks Arkade's fifth project in the micro-market as it deepens redevelopment focus in Mumbai's western suburbs

India's home sales dip 20% in Q2, but Chennai bucks the trend: Report

India's housing market cooled in Q2 of calendar year 2025 with a sharp sales drop, but Chennai stood out with double-digit growth as other cities struggled with high prices.

Vietnam ends death penalty for 8 crimes, may spare tycoon Truong My Lan

Vietnam has lifted the death penalty for eight crimes in legal reforms that may spare the life of a real estate tycoon imprisoned in the country's largest financial fraud case. The legal reforms in Vietnam ended the death penalty for eight crimes, including trying to overthrow the government, damaging state infrastructure, making and selling fake medicine, starting wars, spying, drug trafficking, embezzlement, and taking bribes. Vietnamese lawmakers passed the reforms on Wednesday, according to state media. Truong My Lan, sentenced to death for her involvement in Vietnam's largest financial fraud case, will be eligible to have her sentence reduced after the reforms, her lawyer said Thursday. The 67-year-old chair of the real estate company Van Thinh Phat who was facing execution for her involvement in fraud amounting to USD 12.5 billion nearly 3 per cent of the country's 2022 GDP will now be eligible for the exemption for the death penalty according to the new rules, her lawyer P

JP Morgan India pre-leases office space in Sumitomo's BKC project

The lease is for a period of 10 years and will commence on October 1, 2026, the proposed handover date of the property

Developing EWS flats in cities tougher than households building own homes

An independent study finds that the long-running Pradhan Mantri Awas Yojana-Urban (PMAY-U) programme has shown the way for addressing this challenge in non-million cities (under 1 million population)

Arbour Investments commits ₹105 cr to ELV for Whitefield projects

Arbour will fund ELV Projects' mid-premium residential developments in Whitefield, with Rs 105 crore to be disbursed in phases over eight to nine months

Dream home is hard to get: 109 yrs of savings needed to buy one in Mumbai

Skyrocketing prices mean even top earners in Indian cities will need decades to afford a standard home

Brigade Ent looks for long-term buyer, greenfield growth opportunities

Brigade Hotel Ventures IPO aims to unlock value at group level

Motilal Oswal Alternates exits all investments from its second realty fund

MO Alternates has exited all 14 investments in its Rs 489 crore IREF II real estate fund, delivering 18.3% IRR despite regulatory and market disruptions

Why is registration not enough to prove you own a property?

'Registration provides evidence, but not ownership,' warns SC in a ruling that could impact thousands of Indian homebuyers.

India leads Asia-Pacific in office leasing sentiment: CBRE report

CBRE's India Office Figures for Q1 of 2025 also revealed that gross office leasing rose by 5 per cent yoy, reaching 18 million square feet across nine cities between January and March 2025

Tayal Corp: Redefining Pune Real Estate with Design-First Homes and Lifestyle-Driven Communities

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Brigade Enterprises targets Rs 2,100 cr from new housing project in Chennai

Realty firm Brigade Enterprises is targeting a revenue of Rs 2,100 crore from its new housing project in Chennai. The company has launched a 14.7-acre project Brigade Morgan Heights, located along the Sholinganallur-Medavakkam road in Chennai, comprising 1,250 units. The gross development value of this project is about Rs 2,100 crore, the company said in a regulatory filing on Saturday. The project, which has a total development potential of 2.2 million (22 lakh) square feet, will be developed under a joint development agreement (JDA). Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, "Chennai continues to be a vital market for Brigade Group, and this expansion aligns with our vision of delivering high-quality residential developments in upcoming urban corridors". Established in 1986, Brigade Group is one of India's leading property developers. It has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City.