Page 93 - Real Estate

CREDAI joins hands with AEEE to promote net zero buildings in India

The building sector accounts for 25 per cent of India's greenhouse gas emissions and is expected to exceed India's total remaining carbon budget by 2070

New home prices in China decline at fastest pace in nearly 10 years

In annual terms, new home prices were down 3.9% from a year earlier, compared with a 3.1% slide in April

Sales of affordable homes dip 4% in top 8 cities in Jan-Mar: PropEquity

Sales of affordable homes -- priced up to Rs 60 lakh each -- declined 4 per cent in eight major cities to 61,121 units during January-March this year on lower supply and higher demand for luxury apartments, according to PropEquity. The top eight cities are -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Chennai, Kolkata, Pune and Ahmedabad. Real estate data analytic firm PropEquity data showed that sales of homes, costing up to Rs 60 lakh each stood at 6,3787 units in the January-March period of the last calendar year. A lower supply of affordable homes is one of the key factors for this marginal fall in sales. As per the PropEquity data, the fresh supply of homes, up to Rs 60 lakh each, declined to 33,420 units during January-March 2024 across these top eight cities from 53,818 units in the year-ago period. Builders are focusing more on launching luxury apartments to encash a surge in demand for premium residential properties. Profit margins are also high in

Real estate prices set to soar in Amaravati with push from new Andhra govt

After a lull of five years, real estate prices in Andhra Pradesh's Amaravati region are set to soar with several land dealings expected to close as the regime in the state transitioned from YS Jagan Mohan Reddy-led YSRCP to N Chandrababu Naidu-helmed NDA, breathed new life into the hitherto abandoned city project. The Andhra Pradesh Capital Region Development Authority has already notified eight tenders, calling for jungle clearance along several roads in Amaravati even as Chief Secretary Neerabh Kumar Prasad, accompanied by other key officials such as CRDA Commissioner Vivek Yadav, has already visited the region to take stock of the situation. YV Ramana Rao, president, Andhra Pradesh chapter, Confederation of Real Estate Developers Association of India (CREDAI) claimed that land prices in Amaravati started inflating two months before the 2024 simultaneous Lok Sabha and Assembly polls, anticipating Naidu's win. According to the CREDAI office-bearer, up to 50,000 acres of land ...

A Close Look At Housystan An Emerging Property Portal in India

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Amid high demand, real estate developers ramp up uber-luxury projects

Luxury home sales in India surged by 75 per cent last year

Puravankara hits 52-week high as board approves fund raise of Rs 1000 cr

Shares of real estate firm Puravankara reached their 52 week high at Rs 449 per share, rising 3.2 per cent on the BSE in Friday's early morning trades

Gurgaon realtors increase commission twofold to expedite sales of inventory

On an average, real estate brokers nationwide receive a commission ranging from 2-4%, with those in the National Capital Region (NCR) often nearing the higher end of this spectrum

Real estate 'popular hedge' against inflation in last two years: Report

Investors can leverage real estate assets to borrow funds for further real estate acquisitions, says Anarock

Real estate 'popular hedge' against inflation in last two years: Report

Investors can leverage real estate assets to borrow funds for further real estate acquisitions, says Anarock

WeWork India enters Tamil Nadu market with Olympia Cyberspace in Chennai

Flexible workspace solutions provider WeWork India made its foray into the Chennai office space market with the launch of 'Olympia Cyberspace' facility in the city. Equipped with over 2,000 desks spread across 1.30 lakh sq ft land in Guindy, the company has expanded its presence in Chennai after New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune and Hyderabad. Chennai has emerged as a thriving business landscape across entrepreneurs, enterprises as well as Global Capability centres. There is a strong demand being witnessed from various industries including manufacturing, information technology, Information Technology enabled Services among others. With the opening of Olympia Cyberspace, WeWork India aims to provide innovative and collaborative work environment to meet the rising demand for flexible workspace solutions. "WeWork Olympia Cyberspace marks a pivotal moment in our expansion across South India. This strategic entry underscores the immense potential of Chennai's talent po

Mumbai, Delhi luxury home prices rise over 11% in 2024; Bengaluru drops

Mumbai recorded the third-highest Y-o-Y growth in prime residential prices globally

Realty shares rally up to 8%; Sobha, Lodha, Godrej, Prestige hit new highs

Sobha share price hit a new high of Rs 2,220 as it rallied 8 per cent after the company's board approved the offer and issuance of equity shares for Rs 2,000 crore through a rights issue

Brigade Group to invest Rs 8,000 cr in Chennai; develop 15 mn sq ft

Bengaluru-based real estate company aims to double growth in Chennai

India will need to build 100 mn homes this decade amid rising incomes

In 2023 about 600,000 primary homes were built in India and even a fast pace of growth in the construction sector would struggle to meet the demand for 100 million homes

Will extension of PMAY revive affordable housing in India? Experts weigh in

This comes when the affordable housing sector has been struggling due to higher demand for bigger, costlier homes in India

Suraksha Group infuses Rs 125 cr in Jaypee Infratech, to begin stalled work

The Suraksha Group has infused Rs 125 crore equity fund in Jaypee Infratech Ltd, which it has acquired through insolvency process, as part of its resolution plan to settle banks' dues and complete around 20,000 unfinished flats in Delhi NCR. Earlier this month, the Mumbai-based Suraksha Group took control of the Jaypee Infratech Ltd (JIL) by constituting a three-member board. The takeover followed the insolvency appellate tribunal NCLAT decision on May 24, upholding Suraksha Group's bid to acquire JIL. The NCLAT had directed Suraksha Group to pay an additional Rs 1,334 crore to Yamuna Expressway Industrial Development Authority (YEIDA) as farmers' compensation. According to sources, Suraksha Group has infused Rs 125 crore equity fund in JIL. Suraksha Group will soon start the construction process. It will also start making payment to YEIDA as per the schedule, they added. Suraksha Group has informed that May 24, 2024, the date of the NCLAT order, should be treated as the 'Approval

China Evergrande chairman's seized Hong Kong mansion sold for $57 mn

All of Evergrande's properties in Hong Kong have been seized or sold, while the personal assets of Hui are not included in the liquidation process

Ultra-luxury housing in India sees shift to ultra-customised marketing

Prestige Group, a leading real estate developer, is targeting ultra-luxury buyers using the "by appointment" method

Mid-luxury homes will drive demand in FY25: Hiranandani Group Chairman

Sanguine economic performance and positive market dynamics have resulted in upbeat sentiment among industry stakeholders, he says