Page 55 - Real Estate

Office supply down 1% across top 7 cities despite rise in demand: Colliers

New supply of office space declined 1 per cent in the January-March period to 99 lakh sq ft across seven major cities despite high demand, according to Colliers India. The new supply of office space stood at 100 lakh (10 million) sq ft in the year-ago period. As per the data, the new supply in Bengaluru declined 16 per cent in January-March to 37 lakh sq ft from 44 lakh sq ft in the year-ago period. Chennai saw a decline of 33 per cent to 2 lakh sq ft from 3 lakh sq ft. Delhi-NCR saw a more than five-fold jump in new supply to 27 lakh sq ft from 5 lakh sq ft. Hyderabad witnessed a 88 per cent decline in new supply to 3 lakh sq ft from 26 lakh sq ft. In Kolkata, new office supply dipped 50 per cent to 1 lakh sq ft from 2 lakh sq ft. New supply of office space in Mumbai declined 60 per cent to 4 lakh sq ft from 10 lakh sq ft. In Pune, the new supply of office space jumped 2.5 times to 25 lakh sq ft in January-March this year from 10 lakh sq ft in the corresponding period of the .

Ashiana Amarah Creating a New Paradigm for Kid-Centric Homes and Lifestyle in Gurugram

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Love at first sale? 31 men tricked by 'girlfriend' estate agents in China

31 men in China thought they had found love, only to realise their 'girlfriends' were estate agents using romance to close property deals

Brigade Group inks pact for Rs 300 cr luxury housing project in Mysuru

The land parcel spans 5 acres and 12 guntas. The project will offer 0.45 million square feet of planned residential space

Zydus Family Trust buys Rs 200 cr luxury flat in Worli's Oberoi 360 West

Located on the 61st floor, Tower A (Flat No. 61), the apartment spans 17,384 sq. ft. of usable area and includes eight car parking spaces. The transaction was accompanied by a stamp duty of Rs 7,04,14

Despite market volatility, corporate fundraising at record high in FY25

Public equity fundraising stood at Rs 3.71 trillion in FY25, marking a 92 per cent rise from Rs 1.9 trillion in FY24

Office space leasing up 15% in Jan-Mar across 7 major cities: Colliers

Office space leasing rose 15 per cent during January-March period to 159 lakh sq ft across seven major cities on higher demand from domestic and foreign companies, according to Colliers. The gross office leasing stood at 138 lakh sq ft in the year-ago period. Real estate consultant Colliers India on Thursday released the data for the India office market. As per the data, the gross leasing of office space in Bengaluru increased 13 per cent to 45 lakh square feet in the current quarter from 40 lakh square feet in the year-ago period. In Chennai, the gross leasing of workspace surged 93 per cent to 29 lakh square feet from 15 lakh sq ft. Office leasing in Delhi-NCR grew 32 per cent to 33 lakh sq ft from 25 lakh sq ft. Mumbai witnessed 16 per cent growth in office leasing to 22 lakh sq ft from 16 lakh sq ft. In Pune, the office leasing rose 50 per cent to 12 lakh sq ft from 8 lakh sq ft. However, the demand in Hyderabad and Kolkata was low. In Hyderabad, the leasing activities fel

Proposed circle rate hike to make property costlier in Noida, Jewar

Experts believe potential rise may enhance investor confidence in long run

Proposed circle rate hike to make property costlier in Noida, Jewar

Experts believe potential rise may enhance investor confidence in long run

Bengaluru, Delhi NCR, Pune account for 90% of new office supply in Q1 2025

Strong start to 2025: Office leasing in Q1 rises 15% YoY to 15.9 million square feet across top 7 cities

Birla Estates sells homes worth Rs 3K cr via its Gurugram project

The developer sold about 300 units through the launch of the first phase of its project, Birla Arika, in Gurugram

Atmosphere Realty clears Rs 218 crore debt from Marubeni Corporation

Atmosphere Realty Pvt Ltd has cleared Rs 218-crore debt from Japan's Marubeni Corporation through early redemption of debentures issued by the company. Atmosphere Realty is a joint venture of The Wadhwa Group (50 per cent stake), Man Infra Construction Ltd (30 per cent) and Chandak Realtors Pvt Ltd (20 per cent). In a statement on Wednesday, Atmosphere Realty said it has successfully completed the early redemption of its secured Non-Convertible Debentures (NCDs), much ahead of the scheduled maturity date. The debentures were originally set to mature on December 9, 2030, with a maximum tenor of 10 years. These NCDs were fully redeemed on March 24, 2025. Atmosphere Realty had issued 2,179 debentures at a face value of Rs 10 lakh each aggregating to Rs 217.9 crore on December 9, 2020. These NCDs were acquired by Marubeni Corporation. The early redemption was possible from healthy sales and internal accruals driven by the success of 'Atmosphere O2', a premium gated-community project .

Godrej Properties acquires CIDCO land in Navi Mumbai for Rs 717 crore

Earlier, in October 2024, the company had emerged as the highest bidder for these plots with a revenue potential of Rs 3,500 crore

DLF acquires nearly 50% stake in DLF Urban from GIC for Rs 497 crore

Real estate major DLF has acquired nearly 50 per cent stake in its arm DLF Urban Pvt Ltd from Singapore-based GIC for Rs 497 crore. With this deal, DLF will have 100 per cent stake in DLF Urban Pvt Ltd, which has already completed a luxury housing project in the national capital. DLF's wholly-owned subsidiary DLF Home Developers Ltd (DHDL) has "acquired 49.997 per cent of the total paid-up equity share capital and compulsorily convertible debentures held by Reco Greens Pte Ltd in DLF Urban Pvt Ltd, a subsidiary of DHDL." Reco Greens Pte Ltd is a subsidiary of Singapore sovereign wealth GIC. A Securities Purchase Agreement was executed on March 25, 2025 amongst DHDL, Reco and DLF Urban Pvt Ltd (DUPL), DLF said in a regulatory filing on Tuesday. Post this acquisition, the holding of DHDL in the share capital of DUPL has increased from 50.003 per cent to 100 per cent. Consequently, DUPL has become a wholly-owned subsidiary of DHDL and also of DLF Ltd. The cost of acquisition stood a

Landmark deal: CitiCorp leases office in Pune for Rs 1,096 cr for 10 years

The office space was leased through three separate transactions, each covering different floors across the building.

DLF acquires 49.99% stake in DLF Urban from GIC arm for Rs 497 crore

Realty major DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Private Limited for Rs 497 crore from Singapore's Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which has developed a luxury housing project in the national capital. Reco Greens is an affiliated company of Singapore's sovereign wealth firm GIC. In a regulatory filing on Tuesday, DLF informed that its subsidiary DLF Home Developers had "acquired 49.997 per cent of the total paid-up equity share capital and compulsorily convertible debentures held by Reco Greens Pte Limited in DLF Urban Private Limited, a subsidiary of DHDL (DLF Home Developers)". A securities purchase agreement was executed on March 25 among DLF Home Developers, Reco Greens and DLF Urban. Post this acquisition, the holding of DLF Home Developers in share capital of DLF Urban has increased from 50.003 per cent to 100 per cent. Consequently, DLF Urban has become a wholly-owned subsidiary of DLF Home Develope

Cricketer Suryakumar Yadav, wife buy 2 luxury flats in Mumbai for Rs 21 cr

The apartments are located in Godrej Sky Terraces, a residential project developed by Godrej, spanning 1.05 acres and offering 3 BHK and 4 BHK configurations, as per RERA.

Tier 2, 3 cities account for 44% of land acquisitions, Lucknow, Jaipur lead

Cities such as Ahmedabad, Pune, Indore, and Coimbatore are leading the way in affordable housing development.

Hero Realty appoints Rohit Kishore as its new Chief Executive Officer

Real estate company Hero Realty has appointed Rohit Kishore as its new Chief Executive Officer (CEO). Kishore has over 21 years of experience in the real estate industry, Hero Realty said in a statement on Monday. Kishore joins Hero Realty from Eldeco Properties, where he served as the CEO. Before Eldeco, he worked in many real estate companies, including Lotus Greens Developers, MARS Development, M3M India, and Bharti Realty. Hero Realty has successfully delivered projects in Ludhiana, Mohali and Haridwar. In December 2018, Hero Realty announced its foray into the Delhi-NCR property market with an investment of about Rs 900 crore to develop a premium housing project. Hero Realty is currently developing a few projects in Delhi-NCR.

Mt K Kapital plans second real estate fund with Rs 2,500 crore corpus

Mt. K Kapital, a real estate-focused investment platform, plans to set up its second fund with a corpus of around Rs 2,500 crore to finance housing projects across major cities. Mumbai-based Mt. K Kapital is a real estate focused fund management company with SEBI approved Category II Alternative Investment Fund (AIF) license. "Our first fund closed at a total corpus of Rs 790 crore. We have deployed close to 50 per cent of the fund in five projects," Mt. K Kapital Founder and Managing Director Binitha Dalal told PTI. These five projects, with a total developable area of 7 lakh square feet, are located in Mumbai Metropolitan Region (MMR) and are being developed by Keystone Realtors Ltd that operates under the 'Rustomjee' brand. "We intend on committing the balance fund by the end of this year," she said. Asked about the future plan, Dalal said its AIF is a development fund platform built with combined skills of development and fund management. "Our second fund shall be at least th