Page 74 - Real Estate

Lenders Berkshire Hills Bancorp, Brookline to merge in $1.1 bn deal

Both Berkshire and Brookline are headquartered in Boston, Massachusetts and each hold around $12 billion in assets. The deal is set to create a $24 billion bank with a geographic footprint across five

Co-Working Spaces: The New Powerhouses of India's Real Estate Market

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Pune sees 11% drop in property registration during Nov: Knight Frank

Registration of properties in Pune fell 11 per cent year-on-year in November to 13,371 units despite strong demand, according to Knight Frank India. In a statement on Saturday, real estate consultant Knight Frank India said Pune recorded 13,371 property registrations in November 2024, generating Rs 475 crore in revenue for the state exchequer. As many as 14,988 units were registered in November last year. Registration of properties fell 36 per cent in November compared to 20,894 units in October this year. Knight Frank India Chairman and Managing Director Shishir Baijal said, "Pune's property market continues to exhibit steady registrations, adapting to evolving buyer preferences and market conditions". Commenting on the data, Rohit Gera, Managing Director of Pune-based Gera Developments, said the registrations in November typically result from sales made in September. "There has been a marginal slowdown in sales as a result of increased prices as well as increased sizes of homes

Worldwide Realty to invest Rs 320 cr on 22 acre housing project in Haryana

Real estate firm Worldwide Realty will invest around Rs 320 crore to develop a 22-acre housing project in Manesar, Haryana. The Gurugram-based company is developing the Golden Residences project under the Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) scheme of the Haryana government. "In this 22-acre project, we have already sold some housing plots. Now, we are launching 400 independent floors for sale," said Vikas Aggarwal, Chief Operating Officer of Worldwide Realty Pvt Ltd. The company will be launching more independent floors in the next phase. Asked about the total investment of the entire 22-acre project, Aggarwal said the construction cost will be around Rs 320 crore. The company owns the land parcel historically. "We have launched independent floors at a starting price of Rs 1.7 crore each," Aggarwal said. The company has already developed the infrastructure under this project, which is part of a large 180-acre integrated township The Golden City. Out of this 180-acre land

Barnsley FC chairman Neerav Parekh buys 2 Mumbai apartments for Rs 170 cr

Neerav A. Parekh has acquired two luxury apartments in Mumbai's Naman Xana for Rs 170 crore. The properties, located in Worli, span over 17,500 sq. ft.

Demand-supply mismatch: Affordable housing shortage must be addressed

A Knight Frank study shows that India will face an affordable housing shortage of 31.2 million units by 2030. There is already an existing shortage of 10.1 million units

Warehousing demand, rents witness surge amid diversified occupier base

The industrial and warehousing segment accounted for almost half of total institutional investments in real estate during H1CY24

YHATAW Realty: Bridging Local Expertise with Global Aspirations

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India's data centre market attracts $60 bn investment during 2019-24: CBRE

India's data centre market has attracted investment commitment of USD 60 billion in the last six years and the cumulative inflow is estimated to surpass USD 100 billion by 2027-end, according to CBRE. Real estate consultant CBRE South Asia on Wednesday released report '2024 India Data Centre Market Update'. "The Data Centre (DC) market in India has experienced substantial investment from global operators, real estate developers, and private equity funds seeking to capitalise on the country's burgeoning market," the consultant said. Between 2019 and 2024, India attracted investment commitments totalling more than USD 60 billion from both domestic and international investors, it added. Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal emerged as the leading states in terms of cumulative investment commitments. CBRE report anticipates "India surpassing USD 100 billion in cumulative investment commitments by the end of 2027". India's data centre market is experiencing

69% appreciation in 6 yrs: Peripheries of Bengaluru, Noida top prime areas

The shift toward peripheral areas has been largely driven by the availability of land, which has allowed developers to construct larger, more luxurious residential projects

Brookfield India Reit launches QIP issue to raise up to Rs 3,500 cr

Brookfield India Real Estate Trust on Monday launched its QIP issue to raise up to Rs 3,500 crore by issuing shares to institutional investors. In a regulatory filing, Brookfield India Real Estate Trust informed that the Issue Committee of the board of directors of Brookprop Management Services Pvt Ltd -- manager to Brookfield India REIT -- approved the opening of the QIP (qualified institutional placement) issue on Monday. The panel approved the floor price of Rs 287.55 per unit. The unit price closed at Rs 290.73 apiece on the BSE. Last month, the company's unitholders approved a proposal to raise up to Rs 3,500 crore. The board of directors of Brookprop Management Services approved the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 3,500 crore in one or more placements. The proceeds will be used for the partial or full prepayment or repayment of the outstanding borrowings, equity contribution, and general purposes, inclu

Realty, infra firms say CRR cut positive for sector, will infuse liquidity

RBI's decision will enable banks to have more funds to lend, they say

Home prices surge upto 65% in 25 Tier II cities in 1 yr, led by Jaipur

Bhopal, Mohali see decline, while Jaipur and Guntur experience price surges. Goa hits Rs 10,000/sq.ft

Suraj Estate Developers buys land in Mumbai's Mahim area for Rs 101 crore

. This plot, once developed, will offer approximately 1.03 lakh square feet of RERA carpet area. It is located adjacent to another plot previously purchased by the company for a commercial development

Homes worth Rs 5.1 trn be sold across top Indian cities in 2024: JLL

Between January and September 2024, homes worth Rs 3.8 trillion were sold across the top seven Indian cities

Vietnam upholds tycoon Truong My Lan's death sentence unless she pays $9 bn

Real estate tycoon Truong My La has been ordered to pay three-quarters of the amount she is accused of defrauding to have her ruling reduced to a life sentence

Sell.Do: India's No.1 Real Estate CRM Achieves 30% Market Share with Game-Changing Features

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Healthy land key to regional stability: India at UN desertification summit

India on Tuesday said that healthy land is key to regional stability and invited countries to join Prime Minister Narendra Modi's 'Ek Ped Maa Ke Naam' plantation campaign to address land degradation and climate change. Delivering India's statement at the 16th UN Conference on Desertification in Riyadh, Saudi Arabia, Union Environment Minister Bhupender Yadav said the country promotes eco-friendly lifestyles and the use of traditional knowledge in daily life. "Healthy land is key to regional stability", helping create stable communities and strong economies by reducing factors that force migration, he said. Yadav said India has adopted a comprehensive approach to address land degradation, enhance drought resilience, restore ecosystems, and promote biodiversity, aligning with the goals of COP16. "Our honourable Prime Minister (Narendra Modi) has launched a mass campaign, 'Plant for Mother', under which we have planted more than one billion saplings this year. We urge all countries an

Godrej Properties QIP raises Rs 6,000 cr, logs demand 4 times issue size

Company say QIP largest by an Indian real estate company; proceeds will be used on pipeline of projects

India's prime, REIT-worthy office stock is worth Rs 4.5 trillion: Report

The REITs' market capitalisation is about 13.7 per cent of the total listed real estate sector in India