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Category: GAGA Realty

NCR’s office market records a 61% year-on-year increase in net absorption

The National Capital Region (NCR) office market recorded a 61% year-on-year increase in net absorption, the highest among the top 7 cities, to reach 9.5 million sq ft in 2024 primarily driven by robust demand from Global Capability Centers (GCCs) and the technology sector, according to a report by Anarock.The co-working sector accounted for 34%…

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Realty firms buy nearly 6,000 acres land during 2022-24 for Rs 90,000 cr to build projects

Real estate developers have acquired 5,885 acres land during 2022-24 for Rs 90,000 crore to build projects amid strong demand for housing and commercial assets, according to JLL India. Real estate consultant JLL India data showed that real estate developers bought 1,603 acres of land in 2022 for Rs 18,112 crore, 1,947 acres in 2023…

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Blackstone strengthens India strategy with foray into housing property market

Blackstone Group is foraying into India’s rapidly growing housing property market, marking a strategic shift after leading the country’s commercial property space, with clear focus on the mid-income and premium segment of the market to begin with, said persons familiar with the plan.While the global alternative asset management firm has already established itself as India’s…

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Companies go asset-light, put IT campuses on the block

Bengaluru: India companies are divesting their large IT campuses in a significant shift toward operational efficiency and asset-light business models.Over the past few years, companies like Cognizant, Wipro, DXC Technology and Genesis have monetised expansive office properties to unlock values. This trend reflects a broader corporate strategy aimed at optimising real estate portfolios amid changing…

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Greenfield construction costs marginally rise by 2-4% in CY 2024

Construction cost for greenfield projects witnessed a modest 2-4% year-on-year increase in 2024 compared to 2023, marking a significant shift from the 6-8% cost hikes observed in 2021-22. This moderation is attributed to easing supply chain constraints and stabilizing inflationary pressures, said CBRE South Asia Pvt. Ltd, in its report titled “India Construction Cost Trends…

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The Executive Centre plans to invest Rs 180 crore in Q1 2025, to expand its portfolio

The Executive Centre (TEC), one of the largest flexible workspace providers, plans to expand its presence in India. As part of its strategic expansion plan, TEC aims to invest over Rs 180 crore in the first quarter of CY 2025 to establish new centers in Mumbai, Pune, and Bengaluru. This investment will add more than…

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Small-cap stocks to buy: Small-caps: Not a time to panic, but to review & think long term. 5 stocks from various sectors with an upside potential of over 30%

SynopsisWhat is the difference between end-2024, when the correction began, and the start of 2025? In the initial phase in October-November, it was large-caps that bore the brunt. Now it is small- and mid-cap stocks that are taking a beating. So, collectively, it has been five months of decline in every segment of the market….

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New project launches, yes please! How homebuyers flipped the script in 2024

Homebuyers are preferring newly launched homes instead of ready to move in with large and listed developers dominating the new launch, bringing back the trust in the real estate sector.According to Anarock data, over 42% of 4.60 lakh homes sold in 2024 was in newly launched projects – significantly up from pre-pandemic 2019’s sales share…

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Sattva, Blackstone files papers for REIT with plan to raise up to Rs 7,500 cr

Bengaluru-based real estate developer Sattva Group and Blackstone, the world’s largest alternative asset manager, has filed papers for the largest Real Estate Investment (REIT) in India to raise up to Rs 7,500 crore, said persons with direct knowledge of the development.The proposed REIT that will combine assets of Sattva and Blackstone’s Nucleus Office Parks totaling…

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Brigade Enterprises shares surge 4% after Rs 1,700-crore Altius project launch in Chennai’s IT corridor

Brigade Enterprises shares surged 3.8% to an intraday high of Rs 994.90 on the BSE on Friday after the realty firm launched Brigade Altius, a premium residential project in Sholinganallur, Chennai’s IT corridor.Spanning 6.5 acres with a total development area of 1.4 million square feet, the project features three 43-floor towers, rising to approximately 143…

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