Residential Share

Mumbai, Delhi rank among top 5 APAC mkts for prime residential price growth

Mumbai recorded an 11.5 per cent YoY increase in luxury property prices in Q3 2024, ranking as the 14th most expensive APAC prime residential market

TN takes cue from China: Lines up govt-run industrial housing for Foxconn

This comes at a time when Apple has reportedly lined up a plan to create residential accommodations for 78,000 people, out of which Tamil Nadu is set to receive the highest allocation of 58,000 units

Germany approves legislation easing deportations of rejected asylum seekers

The German parliament on Thursday approved legislation that is intended to ease deportations of unsuccessful asylum-seekers as Chancellor Olaf Scholz seeks to defuse migration as a political problem. The legislation foresees increasing the maximum length of pre-deportation custody from 10 to 28 days and specifically facilitating the deportation of people who are members of a criminal organisation. It also authorises residential searches for documentation that enables officials to firmly establish a person's identity, as well as remove authorities' obligation to give advance notice of deportations in some cases. Germany's shelters for migrants and refugees have been filling up in recent months as significant numbers of asylum-seekers add to more than 1 million Ukrainians who have arrived since the start of Russia's war in their homeland. The majority of rejected asylum-seekers in Germany will still have at least temporary permission to stay for reasons that can include illness, a ch

Statsguru: 6 charts explain increasing sales of residential units in India

This is close to the multi-year-high number of 159,000 units sold in the first half of 2022. The number of new launches was around 173,000 in the first half of 2023

Neoliv to raise $150 mn AIF to take residential bets; 360 One funds

Neoliv, a residential real estate funding and development platform, on Friday said it intends to raise up to USD 150 million in an alternate investment fund. The platform has secured an approval of Category II AIF from capital markets regulator Sebi under which it intends to raise USD 150 million including a USD 60 million green-shoe option, a statement said. Former chief executive and managing director of Godrej Properties, Mohit Malhotra, has founded the platform which will be focusing on middle-income housing projects in Delhi-National Capital Region and Mumbai, the statement said. Wealth and alternatives-focused asset firm '360 One' has picked up a minority stake in Neoliv for an undisclosed amount. Over the past few years, there has been a vacuum created in the residential fund and development space, where we see strong demand as the country's middle-income segment continues to grow, Karan Bhagat, founder, managing director and chief executive of 360 One, said. Malhotra said

Residential sales surge 48% in FY23, sets all-time high record: Anarock

Mumbai Metropolitan Region leads with largest share by both sales value and volume; Pune displays fastest growth

Housing sales up 41% in July-Sept period across 7 cities: Anarock Report

Sales of residential properties increased 41 per cent to 88,234 units in July-September this year across seven major cities, property consultant Anarock said on Friday. The housing brokerage firm released its quarterly data of seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, housing sales rose 41 per cent to 88,234 units in the third quarter (July-September) of 2022, from 62,799 units in the year-ago period. New launches increased 45 per cent to 93,490 units from 64,560 units in these seven cities. "The momentum of both housing sales and new launches stayed strong in the top 7 cities in Q3 2022 despite major headwinds. The appetite for homeownership has remained undeterred, with maximum sales being driven by end-users," Anarock Chairman Anuj Puri said. He noted that there has been an increase in new supply by the leading and listed developers, who also reported robust housing sales. Puri felt that

Residential launches see 61% growth in Q3, says PropTiger report

Despite the slight increase in overall interest rates, the demand for housing has not dipped.

Consolidation in India's residential real estate set to gain ground

Top listed players eyeing higher market share

Residential share will go up to 50% in the next five years, hopes Embassy

Embassy is currently developing 4.5 million square feet of residential properties and 10 million square feet of infotech office properties