Page 84 - Real Estate

Greece records 37% surge in property purchases by Indians in July-Aug

The rush in purchases is driven by a change in the minimum investment limit under Greece's Golden Visa Programme from Rs 2.3 crore to Rs 7 crore

Arkade Developers IPO gets subscribed 106.40 times on offer's last day

The initial share sale of Arkade Developers got subscribed 106.40 times on the last day of the offer on Thursday. The Rs 410-crore initial share sale received bids for 2,52,97,38,200 shares against 2,37,75,719 shares on offer, according to data available with the NSE. Qualified institutional buyers subscribed the offer 163.16 times while the quota for non-institutional investors fetched 162.75 times subscription. The portion for retail individual investors received 50.65 times subscription. The initial public offering (IPO) of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. The realty firm has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore IPO, which is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component. Proceeds from the issue will be used for the development of the ..

India 3rd favourite spot for global real estate investments: Report

Foreign investment in India's industrial and warehousing sector has been gaining momentum recently, according to a report by Colliers

Sebi remains bullish on Reit market in India, says WTM Ashwani Bhatia

WTM Ashwani Bhatia says benchmarking to bring accuracy, efficiency, and more customers into its fold

Godrej Capital to enter affordable housing loan segment by December

Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment by December, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of the current financial year, its Managing Director Manish Shah said on Wednesday. The company currently manages an asset base of Rs 13,000 crore, after reaching an AUM of Rs 10,000 crore in FY24. It is now aiming to increase this to Rs 17,000 crore by FY25, with a target of expanding to Rs 30,000 crore by March 2026 and a longer-term goal of achieving Rs 50,000 crore in AUM by March 2028, Shah stated. The company's strategic focus will be on the small and medium enterprises (SME), micro, small, and medium enterprises (MSME), and home loan segments. As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year. "Our focus will be towards smaller loan amounts, aimed at meeting the needs of affordable ...

India's home & household market to reach $237 bn by 2030: Deloitte

India's home and household market is expected to reach USD 237 billion by 2030 at a compounded annual growth rate (CAGR) of over 10 per cent, fuelled by increasing disposable income, shifting consumer preferences and a growing focus on comfort and convenience across product categories, according to a report by Deloitte. The report, Powering Consumption Growth-India's Home and House Market, launched at the two-day event MAPIC India 2024, which began here on Wednesday, also said that the home and household market are witnessing strong demand, particularly in tier 2 and tier 3 cities that are emerging as growth hubs. It also said that omnichannel retail and e-commerce are helping businesses connect with consumers, expanding their reach beyond urban centres. Stating that factors such as high disposable incomes, the rise of digital platforms, easy access to credit, and young consumers seeking modern designs, home renovations and personalisation, which provide tailored offerings to ...

IRA launches three data benchmarking institutions for Reit investors

The institutions would serve as a central repository of the Indian Reit sector's data

New launches key to achieve sales guidance for real estate players: Antique

Antique expects large-to-mid real estate players to achieve 20 to 30 per cent growth in sales booking

IndiQube introduces 'IndiQube Canvas', office interiors experience centre

The centre is a state-of-the-art facility on Outer Ring Road (ORR) that is set to redefine how businesses envision and design their office spaces

Arkade Developers IPO gets subscribed 16.20 times on Day 2 of bidding

The initial public offer of Arkade Developers Ltd received 16.20 times subscription on the second day of bidding on Tuesday. The initial share sale received bids for 38,51,04,390 shares against 2,37,75,719 shares on offer, as per NSE data. The portion for non-institutional investors attracted 28.26 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 19.99 times. The quota for Qualified Institutional Buyers (QIBs) fetched 44 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (O

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