Page 81 - Real Estate

70% of employees unhappy at work, 54% looking to quit, finds report

Among various industries, the Fintech sector is ranked as the happiest, with the Real Estate sector emerging as the least satisfied

Emperium targets Rs 775 cr revenue from Yamunanagar, Gurugram projects

Realty firm Emperium Pvt Ltd will develop a 40-acre township project in Yamunanagar and a housing project in Gurugram over the next three years with an estimated revenue potential of Rs 775 crore. Since its inception, Emperium has delivered 1.7 million square feet of residential spaces, completing 1,320 units in Panipat City alone, with a total revenue of Rs 341 crore. "In the next three years, Emperium plans to develop an additional 2.1 million square feet across 1,055 units," the company said in a statement on Monday. It will develop a luxury residential project PREMIO in Gurugram and a 40-acre township project EMPERIUM RESORTICO in Yamunanagar. Ravi Saund, Founder Director, Emperium Pvt Ltd, said, the projected revenue for these two new projects is Rs 775 crore. In Gurugram project, the company will develop 216 apartments. In Yamunanagar township, it is offering villas, plots, floors, and SCOs (shops cum offices). Saund said the company has delivered high-quality projects acro

Eros aims Rs 900 cr revenue from new housing project in Greater Noida West

Realty firm Eros Group is expecting around Rs 900 crore revenue from its new housing project in Greater Noida (West) on strong demand for premium residential properties. The company has recently launched its new housing project 'Eros Sampoornam 3' in Greater Noida West comprising a total of 726 units. The project is spread over 5.5 acre and is scheduled to be delivered by 2028. To begin with, Eros Group has opened 318 units across five towers for sale and has already sold around 180 units valuing Rs 250 crore. Avneesh Sood Director, Eros Group said, "The early sales success reflects the trust and confidence that homebuyers have in our brand." A company official said the total sales realisation for the entire 726 units is expected to be around Rs 900 crore. The carpet area of flats ranges from 531.63 square feet to 1,068.67 square feet. Eros Group has already delivered its 12.5 acre housing project 'Sampoornam' comprising 1,768 units. It will soon offer possession for 'Sampoornam 1

Gaurs Group to invest Rs 1,600 crore to build luxury flats in Ghaziabad

Realty firm Gaurs Group will invest around Rs 1,600 crore to develop a new luxury housing project in Ghaziabad, Uttar Pradesh, as part of its plan to expand business amid strong demand. The company has already launched and sold all 1,216 apartments in this project 'Gaur NYC Residences', which is spread over 12-acre land in Ghaziabad. "We have sold the entire 1,200 units within three days of launch. The total sales value we generated was Rs 3,100 crore," Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said. Gaur, who is also Chairman of realtors apex body CREDAI, highlighted that there was a huge demand for this project and the company received more than 3000 expressions of interest from customers who wanted to purchase. "For transparency, we allotted the flats through lottery conducted live on YouTube platform," Gaur said. When asked about project cost, he said the total investment will be around Rs 1,600 crore and out of that Rs 1,200 crore would be on pure constructi

Short-sellers may target banks with large CRE exposure: RBI governor Das

'We still have distance to cover,' Das says on inflation

Sonam Kapoor's father-in-law purchases home in London for Rs 231.47 crore

Indian tycoon Harish Ahuja, the actor Sonam Kapoor's father-in-law, defies the recession in the luxury market by shelling out Rs 231.47 crore for a London property that he intends to renovate

55% office space demand in top 8 cities for 100K sq ft area: Knight Frank

Around 55 per cent of the total office demand during January-June period across eight major cities was for an area up to 1 lakh square feet while the remaining 45 per cent leasing transactions were for larger workspaces, according to Knight Frank India. Real estate consultant Knight Frank data showed that transactions for office spaces above 1 lakh square feet stood at 15.69 million square feet during the first half of this calendar year. "Large office space contributed 45 per cent of the overall commercial transactions across eight leading cities in the country," it added. Office space leasing in mid-segment or spaces between 50,000 square feet and 1,00,000 square feet was recorded at 7.28 million square feet during January-June 2024, constituting 21 per cent of the total leasing transactions during this period. The consultant's data showed that office space leasing in small office spaces or spaces below 50,000 sq ft were recorded at 11.7 million square feet, accounting for 34 per

Here's why Puravankara share price hit 5% upper circuit on Sept 13; details

The stock's rally was fuelled by the company's announcement of securing redevelopment rights of Miami Apartments at Breach Candy, South Mumbai.

Puravankara to redevelop housing society in South Mumbai's Breach Candy

The company has expanded its footprint in Lokhandwala, Andheri West, where it previously acquired redevelopment rights for two societies on 3 acres of land in November 2023

Urban renewal: Builders ride the redevelopment wave in major Indian cities

Space crunch, need for efficient land use prompt both firms and govt bodies to follow trend

315Work Avenue expands in Pune, touches 100K sq ft office space at ITPP

315Work Avenue manages a portfolio of approximately 2.5 million square feet, offering around 50,000 seats across prime locations in Bengaluru, Chennai, Mumbai, and Pune

Sumadhura Group leases warehousing space to Nippon Express in Bengaluru

Sumadhura has signed a 9-year lease agreement to provide ready-to-move-in warehouse space at its logistics park to global logistics player NX Logistics India

Domestic firms take up 47% of total office space demand since 2022: CBRE

Domestic companies have taken 47 per cent of the total 154 million sq feet of office space leased since 2022 calendar year across nine major cities and the dominance of global firms particularly from the US has come down, according to CBRE. The real estate consultant CBRE noted that the share of domestic companies was one-third of the total office demand before 2022. CBRE's latest report India Inc's Ascension - The Rise of Domestic Firms as an Office Demand Driver showed that domestic companies accounted for nearly 47 per cent of overall office leasing activity from 2022 to H1-2024 "The total office leasing by domestic firms during 2022-H1 2024 period stood at 72 million square feet across the 9 cities. The total office leasing during this same period stood at around 154 million square feet. The nine cities include Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Pune, Kochi and Ahmedabad," the consultant said. Anshuman Magazine, Chairman & CEO, India, Southeast Asia, ...

Credvest Acquires Weown: A Major Boost to Bangalore's Real Estate Sector

.

Indian cos raise $6 bn from private credit in first-half 2024: EY report

Real estate, healthcare firms push private credit deals to record high

Britain's Rightmove rejects $7.3 bn takeover offer from Murdoch's REA Group

REA, which is 62 per cent owned by Rupert Murdoch's News Corp , did not cite any reason for the offer's rejection by Rightmove

Century Textiles acquires Rs 1,100 crore prime land from Nusli Wadia

The land parcel adds an approximate booking value potential of Rs 14,000 crore to the company

Golden Growth Fund to raise Rs 400 cr to build realty projects in Delhi

Golden Growth Fund, which is a real estate focused Alternative Investment Fund (AIF), plans to raise Rs 400 crore from investors to buy land and develop real estate projects in the national capital. In a statement, Golden Growth Fund, a Category 2 AIF, said it has successfully secured Rs 25 crore in the first funding round, which concluded last month. "This initial capital infusion will be used to acquire a prime land parcel in South Delhi," it said. The acquisition is the first project under its strategic plan to develop high-end residential properties in the region. Grovy India Ltd, which has completed over 100 real estate developments in Delhi, will construct this project. "This first closing of the fund is a significant step forward in our mission to transform the luxury real estate landscape in Delhi. "Our commitment to acquiring and developing premium land parcels in South Delhi is now being realized, and we anticipate that our ongoing funding efforts will further solidify o

Delhi NCR drives 65% of luxury home sales this year, Gurugram leads

Over a quarter of the launches in the first half of 2024 in Delhi NCR were priced at Rs 5 crore and above

Bhive leases 77k sq ft Grade A office in Indiranagar at Rs 8.5 cr annually

The cutting-edge B+G+3 building is poised to offer high-end office amenities and is strategically positioned for connectivity