Page 84 - Real Estate

What are the average housing prices in the top 8 Indian cities?

India’s housing market saw steady growth in the second quarter of 2024, with average prices in the top eight cities rising by 3 per cent from the previous quarter, according to an industry report.

India's tier-1 real estate market becomes transparent for the first time

The market emerged to be the top global improver

Global Real Estate Transparency Index 2024: India ranks 31; UK leads list

India's tier-I real estate markets have entered into the 'transparent' zone for the first time, driven by institutionalisation of commercial assets and improvement in access to diverse real estate dat

NeoLiv ties up with Royal Green Realty to develop Rs 600 cr housing project

Real estate firm NeoLiv has tied up with Royal Green Realty to jointly develop a 20-acre housing project at Kundli-Sonipat in Haryana with an estimated revenue potential of more than Rs 600 crore. The company on Tuesday announced its entry into the North India market through a joint development partnership with Royal Green Realty. The residential project, located in Kundli-Sonipat Master Plan, will be spread over a 20-acre area. "The 20-acre development with a gross development value of Rs 600 crore+ will feature premium villas, independent floors, custom-designed plots and an internationally designed clubhouse," NeoLiv said in a statement. Mohit Malhotra, Founder and CEO of NeoLiv, said, this acquisition represents a significant milestone for NeoLiv, as we announce our first project in the NCR region. "Backed by UHNI (ultra high net worth individual) investors through our SEBI-approved fund and led by a highly experienced team with over 100 years of combined expertise, we are ...

Where to buy real estate? Here are top 10 micro-markets for new supply

Dombivli, within MMR, emerged as the top micro-market with over 44,990 new units launched.

Best real estate deals: Dwarka Express in NCR sees 79% price surge in 5 yrs

Avg. prices increased from Rs 5,359 per sq. ft. in 2019 to over Rs 9,600 per sq. ft. in H1 2024.

Indian cities see 45% residential price hike in last 5 years: Anarock

Bagaluru, a locality in Bengaluru Urban district, recorded the highest price appreciation of 90 per cent between 2019 and the first half of 2024

HouseEazy raises $7 mn in series-A round from investors to grow business

HouseEazy, a marketplace for resale homes, has raised USD 7 million from investors to grow its business. In a statement, HouseEazy said the company has raised USD 7 million in a series-A funding round. This round was a mix of equity and debt led by Chiratae Ventures and saw participation from Alteria Capital and existing investor Antler, it added. The company had previously raised the seed financing round 7 months back in December 2023. The funds will be used to fuel the organisation's growth across new geographies in NCR, strengthening brand presence, team expansion and product enhancement, HouseEazy said. Tarun Sainani, Co-founder, HouseEazy, said, "In the primary market, the real estate developer typically serves as the anchor, but no single player was addressing all the needs of resale buyers and sellers. These transactions were traditionally conducted with multiple stakeholders, leading to inherent risks and lengthy closure times." "We've completely re-engineered the process

Realty rates: Delhi NCR sees highest quarterly rise in home prices at 30%

Average housing prices surged 12% YoY; Delhi NCR saw highest YoY growth

JM Financial initiates coverage on real estate; bets on THESE 5 stocks

JM Financial on real estate stocks: Driven by an exceptional performance in financial year 2023-24 (FY24), brokerage firm JM Financial has initiated coverage of the real estate sector

FPCE challenges MahaRERA's move to create forum for builder-buyer disputes

Homebuyers' association FPCE has questioned Maharashtra real estate regulator MahaRERA's decision to constitute and be part of a conciliation forum to settle dispute between builders and customers, saying the law does not give such power and the move can lead to possible conflict of interest. Forum for People's Collective Efforts' (FPCE) President Abhay Upadhyay has written a letter on August 19 to Union Ministry of Housing and Urban Affairs Additional Secretary Satinder Pal Singh objecting to the conciliation forum constituted by MahaRERA and its "suspicious functioning". The association has asked the ministry to investigate the constitution of this forum, its functioning and also orders passed, to ascertain whether the forum is favouring builders. "Maharashtra Real Estate Regulatory Authority (MahaRERA) has constituted Conciliation Forum for amicable settlement of dispute between promoter of real estate projects and allottee under Section 32 of Real Estate (Regulation and ...

Registration of housing properties in Noida, Gr Noida up 29% at 8,212 units

Registration of residential properties in Noida and Greater Noida rose 29 per cent annually in the June quarter to 8,212 units, according to housing brokerage firm Square Yards. As many as 6,354 units were registered in the year-ago period. Residential real estate activity in Noida and Greater Noida saw a marked uptick in the June quarter of 2024, with 8,212 residential transactions registered with the Inspector General of Registration (IGR). "The combined sales value of these transactions reached Rs 6,013 crore, representing a 59 per cent year-on-year surge, outpacing the growth in transaction volume," the consultant said in a statement. In Noida, Square Yards said that 3,200 units were registered during the April-June period against 2,408 units a year ago. Greater Noida saw a 27 per cent increase in registration of residential properties at 5,012 units compared to 3,946 units in the corresponding period of the previous year. Among developers, realty firm Nirala World topped bot

Tribeca picks 4 Indian cities for Trump Towers in FY26, seeks new deals

The company has targeted Mumbai, Pune, Gurugram, and Hyderabad as the new locations for Trump Towers in India

M3M India reports 37% increase in real estate sales in June quarter

Realty firm M3M India on Friday reported a 37 per cent increase in sales of residential and commercial properties in the June quarter to Rs 3,911 crore on strong demand. Its sales bookings stood at Rs 2,854 crore in the year-ago period. Out of total sales bookings in the April-June period of the current fiscal, Rs 2,972 crore pertained to the housing segment and Rs 940 crore to commercial properties, the company said in a statement. During the first quarter of this fiscal, M3M India said the total sales bookings in Gurugram stood at Rs 2,415 crore, while Noida projects contributed Rs 402 crore. Sales of residential plots at Panipat in Haryana were Rs 1,094 crore. Sudeep Bhatt, President, M3M India, said the company has reported "robust growth in our Q1 results for 2024-25, demonstrating our commitment to delivering high-quality real estate solutions". "With a strong pipeline of ultra-luxury projects lined up for launch in FY25, we are confident of sustaining this momentum and ...

Uttar Pradesh's commercial realty grew 10% in FY24 to Rs 3.29 trn

An official said UP's GSDP rose from about Rs 22.84 trillion in FY23 to Rs 25.48 trillion in FY24, clocking a growth of 11.56 per cent during the period

Cement sector to invest Rs 1.25 trillion as capex by FY27: CRISIL

The agency said an analysis of 20 cement makers, accounting for over 80 per cent of the industry's installed cement grinding capacity as of March, indicates the stated capex combined

China to impose six-month business ban on PwC over its Evergrande audit

PwC's China unit has already lost at least two-thirds of its accounting revenues from mainland-listed clients this year since its Evergrande audit failure

Realty firm Shriram Properties targets Rs 5,000-cr annual sales by FY27

The realtor aims to achieve cumulative sales exceeding 20 million square feet over the next three years

Keystone Realtors to invest Rs 900 cr on housing project in FY25: CMD Irani

Keystone Realtors will step up investment on construction of residential projects this fiscal to Rs 800-900 crore as part of its strategy to ramp up execution capabilities. Keystone Realtors, which sells its properties under Rustomjee brand, is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR). In an interview with PTI, the company's CMD Boman Irani, who is also president of realtors' apex body CREDAI, said the company would invest a lot on construction and land purchases this fiscal to grow its business. "We will be investing around Rs 800-900 crore on pure construction during this fiscal. We invested around Rs 400 crore in the last financial year," he said. Irani said the company has a surplus liquidity of around Rs 3,000 crore to make investments for growth. "We raised Rs 800 crore from Qualified institutional placement (QIP) plus our internal cash flow," he said. Irani noted that the demand in the hous

Building materials business expected to log significant growth: Birla

Aditya Birla Group Chairman Kumar Mangalam Birla on Tuesday said the conglomerate's building materials business is expected to see significant growth over the next several years with cement and decorative paints poised to be a key segment on the back of housing and infrastructure boom in India. Moreover, the outlook of the Indian economy remains "positive" supported by strengthening of macroeconomic fundamentals, a robust financial and corporate sector, and a resilient external sector. The government's continued thrust on capex while pursuing fiscal consolidation, and consumer and business optimism augur well for investment and consumption demand, he said. Birla was addressing the AGM of the group's holding firm Grasim, which controls the group's flagship firms including UltraTech, Aditya Birla Finance and other investments in textiles, chemicals and paints. Grasim has invested Rs 50,000 crore in capex over the past five years, of which 77 per cent is dedicated to growth initiative