Page 65 - Real Estate

India's differentiator in realty is vibrant work ecosystem: Neil Murray

Murray shared his insights on the country's growing commercial real estate sector

Panchshil Realty affiliate buys land parcels worth Rs 615 cr in Navi Mumbai

Gramercy Info Park Private Limited is located in Pune and was incorporated in 2022

Dubai residential market sees 55% surge in transactions, Sobha Realty tops

Sobha Realty leads Dubai's residential market in registered home sales value and residential transactions, followed by Azizi Developments and Emaar Properties in transactions, and Emaar Properties and

Signature Global's revenue set to rise at least 2.5 times to over Rs 3K cr

Real estate company Signature Global is expecting at least a 2.5 times jump in its operational revenue to more than Rs 3,000 crore in this fiscal on strong sales as well as completions of projects, its Chairman Pradeep Kumar Aggarwal said. In an interview with PTI, he also exuded confidence that the company would easily surpass the pre-sales target of Rs 10,000 crore and launches of Rs 16,000 crore during the current fiscal year. "The company's performance in the first three quarters of this fiscal has been very strong across all major parameters like sales bookings, launches, collection from customers and deliveries," Aggarwal said. He said the company would end the financial year 2024-25 on a strong note. Asked about the revenue growth, Aggarwal said, "We had given a guidance of Rs 3,800 crore worth of revenue recognition during the current fiscal year. Our operational revenue has already crossed Rs 1,900 crore in the first nine months of this financial year. We are hopeful of a

Housing sales in Bhopal up 10% to 3,565 units in 2024: PropEquity

Housing sales in Bhopal, the capital of Madhya Pradesh, has risen 10 per cent to 3,565 units during the last year while the growth was 38 per cent in value terms to Rs 2,344 crore, according to PropEquity. Real estate data analytic firm PropEquity data showed that sales in Bhopal's primary residential market stood at 3,565 units in 2024 as compared to 3,238 units in the preceding year. In terms of value, the housing sales in Bhopal rose to Rs 2,344 crore last year from Rs 1,703 crore in 2023. Further, PropEquity attributed the higher growth in sales value to rising input cost due to an increase in prices of land, labour and construction materials. Moreover, the developers are launching more premium and luxury housing projects, leading to higher sales value. PropEquity has recently released the data for 15 major tier-II cities where total housing sales rose 4 per cent to 1,78,771 units in 2024 from 1,71,903 units in the preceding year. In value terms, the sales increased by 20 per

CapitaLand India Trust to invest Rs 1k cr in Maia Group's Bengaluru project

Singapore-based CapitaLand India Trust (CLINT) will provide around Rs 1,000 crore fund in a commercial project being developed by Maia Group in Bengaluru. In a statement on Friday, CLINT said it has "entered into a forward purchase agreement with Maia Estates Offices Pvt Ltd to acquire an office project at Nagawara, Outer Ring Road (ORR), Bengaluru". Maia Estates Offices is an affiliate of Bengaluru-based luxury residential developer Maia Group. Sitting on a land parcel of about 4.6 acres, the office complex is part of a mixed-used development with a total net leasable area of approximately 1.36 million sq ft. The mixed-use development is a flagship commercial project of Maia, comprising office and retail space with net leasable areas of 1.13 million sq ft and 0.22 million sq ft respectively. "As part of the forward purchase arrangement, CLINT will fully fund the development of the office project and receive interest on the funding at a rate which is higher than its borrowing cost

Brigade Group to invest Rs 1,500 cr in Kerala to grow real estate biz

Real estate company Brigade Group on Friday said it will invest Rs 1,500 crore in Kerala as part of its expansion plan. The investment will help create employment opportunities for around 12,000 people over the next five years. Brigade Enterprises Ltd, the flagship company of Brigade Group, has submitted an Expression of Interest (EOI) at the Invest Kerala Global Summit 2025, the company said in a statement. The group proposes to set up its second World Trade Center (WTC) in the state with the first being WTC Kochi. In addition, Brigade is looking to expand its footprint in Kerala with a residential project in Kochi and a luxury island resort at Vaikom. These projects are expected to be completed by 2030. The Kerala government will provide the necessary support and regulatory facilitation subject to applicable laws. Established in 1986, Brigade Group is one of India's leading property developers. It has developed many projects across South India in the cities of Bengaluru, Mysur

Realtors upbeat as 13,000 Mumbai buildings are audited for redevelopment

Old, dilapidated structures could be turned into new residential units but work to turn them around is challenging

Hiranandani Group enters Pune market with Rs 7,000 crore JV project

The company will develop a 105-acre integrated township in Hinjewadi, Pune

Listed realtors report mixed bag Q3 as home sales moderate in top cities

Project approvals slow down but most companies expect to meet their annual guidance

Arkade Developers aims for Rs 740 cr from redevelopment project in Mumbai

Real estate company Arkade Developers on Wednesday said it has bagged redevelopment rights for a co-operative housing society in Mumbai and it is expecting Rs 740 crore revenue from this upcoming residential project. In a regulatory filing, the company informed that it has "secured the redevelopment rights for Nutan Ayojan, a co-operative housing society in Malad West, marking another milestone in its strategic expansion across Mumbai's prime micro-markets." The project, spanning 6,858.90 square metres, is expected to generate a Gross Development Value (GDV) of about Rs 740 crore. The total saleable RERA carpet area is 2.33 lakh square feet. Upon completion, the project will offer 408 homes, out of which about 215 units will be available for sale, further expanding its residential and commercial footprint. Amit Jain, Chairman and Managing Director of Arkade Developers, said, "Aligned with our broader vision, we aim to capitalise on high-growth micro-markets through redevelopment, .

China's new home prices stagnate in January on declining property demand

Analysts expect the stabilisation of China's property market, which has experienced a significant slump since 2021, will be a protracted process due to high housing inventory

Mahindra Lifespaces inks Rs 1,650 crore pact with Livingstone Infra

The project is located in Mahalaxmi, a prime Mumbai area

Builder-buyer agreement: Better after Rera, but buyers must remain vigilant

Builder-buyer agreements tended to be one-sided. "Delivery schedules frequently stated 36-42 months but were vague about when this period began

DLF, Sobha, Mah Life: Nifty Realty faces 24% downside risk; key levels here

The Nifty Realty index has plunged 29% from its peak, and is seen testing support at its 100-WMA for the first time since April 2023. Here are the key support levels to watch out for.

SWAMIH touches 50,000 mark as FM Sitharaman hands over keys to homebuyers

The primary objective for establishing 'Special Window' fund is to provide priority debt financing for completion of stalled housing projects that are in Affordable and Middle Income Housing sector

Former cricketer Zaheer Khan, wife buy flat in Lower Parel for Rs 11 crore

The property acquired by the trio is located in Indiabulls Sky, developed by Equinox India Developments Limited.

Consumer protection: Flat sale to third party illegal if agreement valid

The State Commission found that termination of the agreement through a lawyer's notice was illegal; a registered agreement can only be annulled through another registered document

Merlin Group, Fashion TV to launch Rs 900 cr Kolkata luxury housing project

Kolkata-based real estate major Merlin Group has partnered with global lifestyle network Fashion TV (FTV) to introduce the city's first branded luxury residential project under F Residences. The Rs 900-crore project in Rajarhat-New Town aims to bring global luxury living standards to Kolkata, comparable to high-end residences in Poland, Bali, Dubai, Turkey, Bangkok, Singapore, and key Indian cities like Pune, Chandigarh, Mumbai, and Ludhiana, the Merlin Group said. Fashion TV will offer technical expertise in the project that aims to meet its latest global luxury trends in the project for an undisclosed license fee arrangement. "The key driver for this association is aspiration, not margins. It aligns with our vision to elevate urban living in Eastern India. Kolkata's aspirational homeowners are looking for globally inspired designs and amenities," said Saket Mohta, Managing Director, Merlin Group. This is Merlin's first branded luxury project, and the company is keen to explore .

Mahindra Lifespace to raise Rs 1,500 cr via rights issue to cut debt, grow

Real estate company Mahindra Lifespace Developers plans to raise up to Rs 1,500 crore through issue of shares to eligible shareholders for reducing its debt as well as funding further growth. The board of Mahindra Lifespaces Developers Ltd has approved the fund raise of up to Rs 1,500 crore through rights issue to the eligible shareholders of the company. The proceeds will be utilised to pare down the company's existing debt and support its future growth plans, according to a regulatory filing on February 13. Mahindra Lifespace is the real estate and infrastructure development business of the Mahindra Group. Recently, Mahindra Lifespace reported a consolidated net loss of Rs 22.47 crore for the quarter ended December 2024. The company had posted a net profit of Rs 50.02 crore in the year-ago period. Total income jumped to Rs 185.77 crore in the third quarter of this fiscal, from Rs 88.77 crore in the corresponding period of the preceding year. Total expenses shot up to Rs 200.88