Page 56 - Real Estate

Housing sales drop 23% in Q1 2025, Bengaluru and Delhi NCR buck trend

The housing market is witnessing a correction after three years of record supply in 2021, 2022, and 2023.

5 yr lease: Huma Qureshi rents villa in Juhu for Rs 10 lakh as monthly rent

The villa is located on Juhu Tara Road in Equest Condominium, a housing society, as per the documents.

Real estate major DLF eyes Rs 74k cr in sales from new housing projects

Realty major targeting luxury housing market with products totalling 26 million square feet in pipeline

Reits climb the office ladder even as valuations keep rungs in place

Realty index in the rearview as office demand pulls Reits out of a two-year slump

Statsguru: Are luxury homes fuelling the surge in home loan growth?

More than 58 per cent of the IHLs that HFCs disbursed in 2023-24 were more than ₹25 lakh in size, up from 54.34 per cent in 2021-22

Housing supply down 34%, sales drop 23% in top 9 cities in Q1CY25: Report

Supply drops below 100,000 units for the third straight quarter

DLF to invest ₹20,000 cr in housing projects, eyes ₹43k cr surplus cash

Real estate major DLF Ltd will invest around Rs 20,000 crore over the next few years to complete the construction of its already launched residential projects. DLF will generate around Rs 43,000 crore of total surplus cash potential from the launched projects. In a corporate presentation uploaded on stock exchanges' website on Friday, DLF shared the growth strategy of its development (housing) business and annuity business, which is building rent-yielding commercial projects. As per the presentation, the "total pending cost to complete all launched projects" is around Rs 20,000 crore. In the last few years, DLF has launched many housing projects in Gurugram, including the ultra-luxury project 'The Dahlias', which has a revenue potential of around Rs 35,000 crore. DLF also informed that the company had Rs 9,000 crore cash balance at the end of the December quarter and the customers receivables from housing units sold stood at Rs 30,000 crore. The estimated cash surplus from invent

Omaxe to invest Rs 400 cr to develop 2 commercial projects in Faridabad

Real estate company Omaxe will invest Rs 400 crore to develop two new commercial projects in Faridabad, Haryana, to expand its business. The two new projects will be part of its 120-acre mixed-use development named 'World Street by Omaxe'. The first commercial project New Singapore is spread over 11.6 acre, comprising 15 lakh square feet of area largely retail spaces, while the other project Clarkee, covering nearly 2 acre, will be developed as party and nightlife destination. The projects are expected to be completed by 2029. The total estimated cost to build these two projects is over Rs 400 crore, Omaxe said, adding that this will be funded through internal accruals. The company has launched around 700 units so far. The rates in these two projects range between Rs 4,000 per square feet to Rs 10,000 per square feet. Designed as Faridabad's ultimate nightlife destination, Clarkee will host 15+ nightclubs, bars, and restaurants. Omaxe Group Managing Director Mohit Goel said, "T

Godrej Properties acquires around 10-acre land in Bengaluru's Yelahanka

The project will have an estimated revenue potential of ₹ 2,500 crore

Trump agency lists 8 buildings for sale after real estate policy reversal

The eight properties listed were far more in keeping with the routine disposal process run by the General Services Administration, which often acts as a landlord for other federal agencies

DLF to invest Rs 20,000 crore in commercial real estate expansion

Real estate major DLF plans to invest around Rs 20,000 crore in the medium term to develop commercial properties, including office and retail spaces. In a corporate presentation uploaded on stock exchanges, DLF shared the growth strategy of its rental business. "Significant growth capex being committed for growth," the company said, adding that an incremental capex of around Rs 20,000 crore is planned in the medium term. These commercial assets will be developers in parent DLF Ltd and also in joint venture firms including DLF Cyber City Developers Ltd (DCCDL). In its annuity business, DLF has a strong operational portfolio of around 44 million square feet of rental assets, with high occupancy levels of 93 per cent. The portfolio is set to reach 73 million square feet in the medium term. The DCCDL, a joint venture between DLF and GIC, holds the bulk of rental assets of the DLF group. DLF has a 67 per cent stake in the JV firm. "High quality owned land bank available for sustainabl

Absorption of real estate space by GCCs crosses pre-pandemic level

GCCs have leased or committed to take about 27.7 million square feet (sq ft) of Grade-A commercial real estate in 2024 and 24.1 million sq ft in 2023

DLF, Raymond: Nifty Realty index zooms 10% this week; more steam left?

Nifty Realty Index -- the gauge for stocks of real estate companies -- has surged 10.2 per cent, so far, this week

Signature Global acquires 8.39 acre land in Gurugram for Rs 282 crore

The company said that the overall developable potential of the acquired land would be approximately 2 million square feet, with a total revenue of around Rs 3,200 crore

Signature Global acquires 8.39 acre land in Gurugram for Rs 282 crore

Real estate firm Signature Global (India) Ltd has acquired 8.39 acres of land in Gurugram for Rs 282 crore to develop a housing project and is expecting a revenue of around Rs 3,200 crore. In a statement on Friday, the company said it has "acquired 8.39 acre land at Sector 37D, Gurugram, Haryana, at a cost of Rs 282.42 crore". The overall development potential of this land is about 20 lakh square feet. The company intends to launch the project on this land parcel by the end of the next financial year (2025-26) and expects total revenue of around Rs 3,200 crore, Signature Global said. On the development, Pradeep Aggarwal, Founder & Chairman of Signature Global, said, "Gurugram's housing market has experienced exceptional growth in recent years, with Dwarka Expressway emerging as India's fastest-growing real estate corridor." "Given the success of our past projects, we are confident that our upcoming development in this sector will receive an overwhelming response upon launch," he .

Hermes Distiller buys 10 flats in South Mumbai's Marine Lines for Rs 199 cr

According to RERA, Prestige Ocean Towers is a newly launched residential project by Prestige Projects Private Limited, spread across 2.3 acres and offering 2 and 3 BHK units.

Realtor Ravi Puravankara buys 12 commercial plots in Mumbai for Rs 242 cr

These 12 properties, ranging from 6,750 sq ft carpet area to nearly 10,000 sq ft, are located at Andheri, Mumbai, according to documents reviewed by CRE Matrix.

Embassy Developments, Lam Research ink Rs 1,125 cr land deal in Bengaluru

The deal bolsters Bengaluru's status as a global tech hub, attracting high-tech investments and fueling demand for premium commercial infrastructure

Mumbai's iconic Laxmi Nivas bungalow gets new owner; sold for Rs 276 cr

Built by a Parsi family from Old Bombay in 1904, the colonial bungalow was sold to the Upendra Trikamdas Kapadia family in 1917 and has been their home for over three generations

Trump Organisation to foray into Indian commercial real estate sector

"Estimated to be finished by 2029, the 1.6 million square feet centre is expected to generate sales exceeding Rs 2,500 crore," Kalpesh Mehta, founder of Tribeca developers told Business Standard