Page 91 - Real Estate

Raymond to demerge real estate business, list realty vertical on exchanges

Textile major Raymond Ltd on Thursday said it will demerge the real estate business to unlock the value for shareholders and harness growth potential in the Indian property market. In a regulatory filing, the company informed that its board has approved the scheme of arrangement of Raymond Ltd (demerged company) and Raymond Realty Ltd (resulting company) and their respective shareholders. As per the scheme of arrangement, each Raymond Ltd shareholder will receive one share of Raymond Realty for every one share held in Raymond Ltd. The standalone operational revenue of the real estate division stood at Rs 1,592.65 crore in the last fiscal, accounting for 24 per cent of the total revenue of Raymond Ltd. This will be subject to the requisite approvals and sanction of the jurisdictional bench of the National Company Law Tribunal (NCLT) and subject to the approval of shareholders and/or creditors, central government, or such other competent authority as may be directed by the NCLT. Upo

Office transactions hit record highs in H1 2024: Knight Frank India

The office market saw 25.1 million square feet completed in H1 2024

Toronto home sales rise in June after four straight months of decline

The Bank of Canada cut rates by 0.25 per cent to 4.75 per cent in early June, saying monetary policy no longer needed to be as restrictive

Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank

Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, "India's real estate market has been buoyant in the last few quarters owing to the strong economic fundamentals and stable socio-political conditions." As a result, the residential and office segments have recorded decadal-high numbers, he told reporters in a virtual press conference on Thursday. He noted that premium housing formed 34 per cent of all sales in the first half of 2024. "Concurrently, India's status as one of the fastest-growing large economies has positively

Brigade Enterprises up 5% after signing Bengaluru residential project deal

The uptick in the stock price came after the real estate player announced that it has signed a joint development agreement for a 1.2 million sq ft residential project in Bengaluru

Realty PE investments touch record $1.7 bn, here are top deals of H1 2024

The quarterly data indicates that commercial office assets maintained their leading position, capturing approximately 51% of the total investment volume

Realtors expand portfolios, boost investments on robust demand in FY25

The Prestige group has announced a robust launch for FY25 with residential developments valued at about Rs 60,000 crore

Private equity investments in Indian real estate touches 3-year high

PE investments jump by a whopping 154 per cent sequentially in April-June quarter

Private equity investments in Indian real estate touches 3-year high

PE investments jump by a whopping 154 per cent sequentially in April-June quarter

Real estate stocks strategy: Do not cash out fully, say analysts

residential sales across the top seven cities (National Capital Region, Mumbai Metropolitan Region, Bengaluru, Pune, Hyderabad, Chennai and Kolkata) slipped 8 per cent quarter-on-quarter in Q1-FY25

Led by GCCs, commercial realty leasing to touch all-time high in 2024: JLL

Data shared by the consultancy said that during the April-June quarter, all top seven cities in the country recorded gross leasing volumes of at least 1 msf for the first time

Led by GCCs, commercial realty leasing to touch all-time high in 2024: JLL

Data shared by the consultancy said that during the April-June quarter, all top seven cities in the country recorded gross leasing volumes of at least 1 msf for the first time

Warehouses are hot property! At $2.5 bn, realty investments touch 3-yr high

India's real estate market sees a record-breaking $2.5 billion investment in Q2 2024. Warehousing takes center stage with 61% of the investment, followed by a surge in residential interest

Puravankara hits 52-week high on acquiring 7-acre land parcel in Bengaluru

The uptick in stock price came after the company announced that it has acquired a 7-acre land parcel in Hebbagodi, Bengaluru

K-shaped recovery keeping retail real estate on its toes, say experts

Consumption by a wider section of society needed, they say

Gurugram, Dwarka lead premium property boom with upto 53% price rise

In Gurugram, the average capital values of completed and under-construction properties hit a fresh peak with 37 per cent and 30 per cent, year-on-year growth registered at city level, respectively.

Budget 2024: Real estate sector bats for revival of affordable housing

Industry executives say the definition of 'affordable homes' should be changed in terms of price

Concorde acquires 1.6 acre land in Bengaluru for Rs 200 cr housing project

Realty firm Concorde on Thursday said it has acquired a 1.6-acre land parcel in Bengaluru to develop a housing project with a revenue potential of Rs 200 crore. "Set to be a premium high rise residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore," the company said in a statement. The proposed project, located on Sarjapur road, will have a developable area of around 2.25 lakh square feet. "This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations," Nesara B S, Chairman at Concorde, said. To expand business amid strong consumer demand, real estate developers are buying land outright and are also forming partnerships with landowners to develop projects. Concorde is one of the leading real estate firms in the country.

Big US banks withstand Fed Reserve's commercial real estate shock scenario

The results, released on Wednesday by the Fed, examine whether banks would be able to continue lending to households and businesses in the event of a severe global recession

Meghna Infracon skyrockets 19% on unveiling residential project in Mumbai

Shares of Meghna Infracon Infrastructure surged up to 19 per cent, hitting its 52-week high at 268 per share on the BSE in Wednesday's intraday trade