Page 68 - Real Estate

Game changer for property market: Real estate sector lauds Budget 2025

Even as the IT hub, which dominated the Indian commercial office market space in 2024, is expected to continue the trend in 2025, real estate and coworking experts in Bengaluru feel that the Union Budget 2025 will be a "game changer" for the industry as a whole. The union budget for 2025-26 was presented by Finance Minister Nirmala Sitharaman on Saturday. Ramani Sastri, Chairman & MD of Bengaluru-based Sterling Developers, in a statement, said that the government's concentrated efforts on infrastructure development promise to significantly enhance housing demand. "It will also benefit around 250 ancillary industries, generating numerous job opportunities and bolstering overall economic growth," he added. According to him, the establishment of the India Infrastructure Fund and emphasis on Public-Private partnerships for infrastructure in the budget is also a game-changer for the real estate industry. "The establishment of an Urban Challenge Fund of Rs 1 lakh crore will fuel the ...

Budget 2025: Realty stocks gain on Rs 96.77-cr outlay for urban development

Nifty Realty index surged 1.88 per cent in intra-day trade, driven by investor optimism after Finance Minister Nirmala Sitharaman announced a Rs 96,777 crore allocation for urban development

IRB Infra's Q3 FY25 results: Profit jumps multifold to Rs 6,026 crore

The company recognised exceptional gains of Rs 5,804 crore over fair-value assessments

Economic Survey highlights real estate boom, demand to hit 93 mn by 2036

The residential property market had achieved an 11-year high in sales volume during the first half of 2024 and sales across the top eight cities registered an 11 per cent year-on-year growth

Delhi NCR sees steepest surge in property prices, rates jump 49% in 1 year

High-net-worth Individuals deploying money in Delhi-NCR - this region is home to over 10 recently-listed start-ups - has kept the growth momentum going for this coveted residential market

Prestige Estates Q3 results: Profit down 85% to Rs 17.7 cr on lower income

Real estate firm Prestige Estates Projects Ltd on Friday reported an 85 per cent decline in consolidated profit to Rs 17.7 crore for the December quarter on lower income. Its net profit stood at Rs 116.3 crore in the year-ago period. Total income fell to Rs 1,697.9 crore in the third quarter of this fiscal year from Rs 1,970.5 crore in the corresponding period of the previous year, according to a regulatory filing. "Despite the absence of new launches during the quarter, Prestige Group achieved sales of Rs 3,013.5 crore in Q3, FY25, with a total area of 2.23 million sq ft sold across 888 units. The company maintained strong pricing, with an average realisation of Rs 13,684 per sq ft, and recorded healthy collections of Rs 3,257.5 crore during the (December) quarter," the company said. For the nine months ended December 31, 2024, the company reported total sales of Rs 10,065.7 crore, with 8.09 million sq ft area sold across 3,618 units. The average realisation for the period stood a

Brookfield REIT Q3: NOI grows 11% amid rise in occupancy, gross leasing

The REIT declared a distribution of Rs 4.9 per unit for the quarter

Commercial real estate offers higher rental yield, but beware the risks

Investors much conduct their own rigorous due diligence before investing to mitigate risks from this segment

Panasonic Life Solutions India acquires land parcel in Mumbai for Rs 160 cr

The land, spanning approximately 6,586.90 square metres, was purchased from River Rose Developers LLP, as per the registration documents

Mindspace REIT buys commercial asset in Hyderabad for Rs 2,038 crore

Property in city central business district will 'enhance portfolio', says Mindspace

Sebi to auction properties of HBN Dairies in Feb at Rs 83 cr reserve price

Capital markets regulator Sebi will auction 26 properties of HBN Diaries & Allied Ltd for a reserve price of Rs 83 crore in February. The move is part of the markets watchdog's effort to recover money raised by HBN Dairies & Allied through illicit collective investment schemes. The order came after the Supreme Court in its order on May 14, 2024 authorised Sebi to sell the assets of HBN Dairies & Allied Ltd (HBN) with the active involvement of the liquidator. The Securities and Exchange Board of India (Sebi) initiated the process for the sale of the assets after HBN and its directors -- Harmender Singh Sran, Amandeep Singh Sran, Manjeet Kaur Sran and Jasbeer Kaur -- failed to refund investors' money. The properties to go under the hammer include plots, land parcels, and commercial shops, Sebi said in a notice on January 22. The properties are located in New Delhi, Gujarat, Maharashtra, Punjab, Madhya Pradesh and Chhattisgarh and will be auctioned at a reserve price of Rs ...

Brigade Group Q3 results: PAT jumps 3-folds to Rs 236 cr, revenue rises 27%

Net bookings in the real estate segment for Q3 FY25 stood at 2.19 million square feet, with a sale value of Rs 2,492 crore

Raymond Realty Q3FY25 results: Revenue grows 11% to Rs 487.8 crore

The company's Ebitda stood at Rs 116 crore, up 19.6 per cent YoY

Industry status for real estate a priority: Grant Thornton survey

India is poised to become the world's fourth-largest economy by 2026 and achieve the $5 trillion mark by 2028, according to the pre-Budget survey

Mindpsace REIT acquires commercial complex in Hyderabad for Rs 613 crore

Realty firm Mindspace Business Parks REIT has acquired 18.2 lakh commercial area in Hyderabad for Rs 613 crore to expand its rent-yielding portfolio. Mindspace REIT, which is listed on stock exchanges, will acquire 100 per cent equity of Sustain Properties Pvt Ltd, which owns this 18 lakh square feet area. The shareholders of Sustain Properties will be allotted units in Mindspace REIT as consideration. In a regulatory filing, Mindspace REIT informed that the board has approved "acquisition of 100 per cent equity shareholding of Sustain Properties holding about 1.82 million (18.2 lakh) square feet of leasable area at Commerzone Raidurg, located at Raidurg, Hyderabad. The deal value is Rs 612.9 crore. The board has approved the issuance of up to 16,168,090 units of Mindspace REIT, on a preferential basis, as consideration for acquisition at a price of Rs 379.08 per unit to the shareholders of Sustain Properties as consideration for the transfer of their 100 per cent equity ...

Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs

More than 60 per cent of High-Net-Worth individuals (HNIs) and Ultra-HNIs plan to invest in real estate during the next two years, according to India Sotheby's International Realty survey of wealthy people. India Sotheby's International Realty, one of the leading real estate consultants for luxury properties, on Tuesday, released its annual 'Luxury Residential Outlook Survey 2025' with a sample size of 623 HNIs and UHNIs respondents from major cities. The survey revealed that confidence in India's economic growth remains strong, albeit slightly tempered. Optimism has declined from 79 per cent in 2024 to 71 per cent in 2025 survey. Nevertheless, most HNIs and UHNIs believe India will continue to be the fastest-growing major economy, with GDP growth projected to hover between 6 per cent and 6.5 per cent. "In the real estate sector, the outlook among UHNIs and HNIs has moderated, with 62% planning to invest in the next 1224 months compared to 71% in 2024. Despite this slight dip, the

Square Yards Apr-Dec revenue up 46% to Rs 938 cr on better housing demand

Proptech firm Square Yards, which is into housing and home loan brokerage, on Tuesday said its revenue rose 46 per cent to Rs 938.4 crore in the first nine months of 2024-25 fiscal year amid strong demand for residential properties. Revenue stood at Rs 644.1 crore in the year-ago period. Square Yards has businesses mainly in India and Dubai. The company's India revenue rose 50 per cent to Rs 759.6 crore during April-December period of 2024-25 from Rs 506.7 crore in the corresponding period of the previous year, according to a statement. Consolidated gross profit rose to Rs 167.7 crore during the period under review from Rs 94 crore in the year-ago period. "This would mark our 2nd consecutive year of profitability, and first year of operating cash flow break even. We expect to close at USD 170mn+ revenue for this fiscal," Tanuj Shori, Founder & CEO of Square Yards, said.

Supply of homes priced up to Rs 1 crore falls 30% in 2024: PropEquity

Fresh supply of affordable and mid-income homes costing up to Rs 1 crore fell 30 per cent last year to nearly 1.99 lakh units across nine major cities, according to PropEquity. Real estate data analytics firm PropEquity on Tuesday pointed out that India's top nine cities, where a majority of Indians migrate for jobs, are "staring at a housing crisis". PropEquity attributed this fall in new supply of affordable and mid-income homes to a shift in developers' focus towards luxury housing. The supply of homes in the affordable and mid-income category (priced Rs 1 crore and below) across nine cities has dipped to 1,98,926 units in 2024 from 2,83,323 units in the preceding year. The supply was 3,10,216 units in 2022. "Today, 8 per cent of India's population live in tier-1 cities and this number is expected to grow exponentially in the next five years as more people move to these cities for employment opportunities," Samir Jasuja, Founder and CEO of PropEquity, said. The lack of supply i

DLF shares: Dahlias' strong pre-sales trigger bullish calls by analysts

DLF's robust pipeline, including unsold inventory at Dahlias worth Rs 23,000 crore, along with upcoming launches in Goa and Gurugram, analysts believe, is expected to continue supporting strong sales

DLF shares: Dahlias' strong pre-sales trigger bullish calls by analysts

DLF's robust pipeline, including unsold inventory at Dahlias worth Rs 23,000 crore, along with upcoming launches in Goa and Gurugram, analysts believe, is expected to continue supporting strong sales