Godrej Properties on Track to Exceed Full-year Guidance on Robust Demand
PERFORMING WELL ON ALL METRICS, SAYS EXEC CHAIRPERSON Q2 SHOW: Co to see best cash collections, project deliveries this fiscal: Pirojsha Godrej Mumbai: Godrej Properties, the real estate development arm of the Godrej Group, is on track exceed its guidance of new bookings worth r14,000 crore and re cord best-ever cash collections and project deliveries […]
Metro construction work completed till Radisson
Now track laying work will start soon. Indore • Metro work has gained momentum. After the trial run, the construction work of three major parts of the metro has also been completed. Now soon it will be handed over to another agency for laying the track. She will work on laying tracks on it. The […]
Institutional investment in realty increased by 82% in 3 months till September
Housing sector • Big investors invested 71% more money in July-September. Institutional investment in the domestic property market has increased rapidly. According to global real estate consultancy firm Vestian, institutional investment in India’s real estate sector increased by 82% to Rs 5,658 crore in the July-September quarter. Of this, 44% i.e. Rs 2,482 crore came […]
Sales of luxury homes doubled in Delhi-NCR
Sales of expensive houses in Mumbai increased by 74 percent. There has been a record doubling of sales of luxury homes in Delhi-NCR in the first 9 months of this year. According to data from real estate consultant Anarock, 13,630 houses worth more than Rs 1.5 crore were sold during this period. Last year, 6,210 […]
Robust Demand in Major Cities Keeps Indian Office Market Busy
Segment sees over 16.1 m sq ft office space leases in Sept qtr: Knight Frank data. Mumbai Robot demand for office space, especially from Global Capability Centers (GCC) is driving commercial real estate in India’s major property markets. Demand for office space in the largest occupier markets remained strong with over 16.1 million sqft office […]
Oberoi Realty Sells its Entire Stake in Pune Township Project JV
Realtor sells 31.67% stake to Balewadi Tech Park for 3.6 cr Mumbai: Oberoi Realty has sold its entire 31.67% stake in a joint venture, Sangam City Township, which is planning to develop a township project in Pune. The Mumbai-based property developer sold its stake comprising 9.500 equity shares to Bale wadi Tech Park fot3.6 crore. […]
India ‘Priority Market’, M&S Accelerates Store Expansion
Plan to take retail space from 1.1 m sq ft now to 1.4 m sq ft by year-end, says India MD Mumbai: British retailer Marks & Spencer (M&S) said it is opening a store every month in India, accelerating their outlet expansion even as a quarter of their sales comes from online channels. With 100 […]
Understand the legal implications before taking a loan against property
It is important to do thorough legal due diligence before purchasing a property. If you are buying a property that is mortgaged, it is important to check the physical and legal status of the property. Keep 4 things in mind while buying property… 1. Physical Inspection: Physical inspection of the property reveals its condition, need […]
Retail space lease increased by 46 percent in just 9 months
Indian customers’ interest in these store experiences is increasing: CBRE New Delhi-The offline retail sector has witnessed a boom so far this year. Retail leasing is a clear indication of this. Retail leasing increased by 46% in 8 big cities of the country during January-September. During this period, the share of fashion apparel and departmental […]
Office Space Offtake all Set to Boom
Supply of 165 m sq ft likely by 2025, surpassing 142 m sq ft in past three years: CBRE New Delhi: India’s office space market is poised for significant growth between 2023 and 2025, with property developers saying the market has remained unaffected by the global economic slowdown. More than 165 million sq. ft of […]
