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Category: GAGA Realty

Looking to buy a house in a top Indian city? Be prepared to pay over Rs 1.2 cr

Demand for luxury homes has surged across India’s top seven cities post-pandemic, leading to record sales and new launches, according to ANAROCK’s latest report. In H1 FY2025, the average ticket size of homes in these cities reached Rs 1.23 crore, up from Rs 1 crore in the same period of FY2024.Anuj Puri, Chairman of ANAROCK…

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Prestige Estates to launch Rs 52,000-cr housing projects by March 2025 amid strong demand

Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53…

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Macrotech Developers buys 2.8 acres in Pune’s Hinjewadi from Paranjape Schemes

Realty developer Lodha, listed as Macrotech Developers, has acquired a 2.8-acre land parcel in Pune’s Hinjewadi from another city-based realtor Paranjape Schemes Constructions for nearly Rs 111 crore.The said plot is part of a larger land parcel of more than 120 acres on which Paranjape Schemes is developing an integrated township.The land parcel was mortgaged…

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ED reclaims Rs 13 crore property in Chennai from land grabbing syndicate

In a landmark move, the Enforcement Directorate (ED) has successfully reclaimed a Rs 13 crore plot in Chennai’s Saidapet area that had been illegally encroached upon by a group of land grabbers, reported TOI. This marks the first time the ED has targeted such a syndicate, which had fraudulently sold the property to a third…

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Mid-sized developers construct a comeback amid real estate boom

Bengaluru: Mid-sized real estate firms in India are re-establishing their market presence as the sector experiences an unprecedented upswing in sales. This resurgence follows an extended period of consolidation, primarily led by large corporations.These mid-sized entities are reclaiming market share by concentrating on agile, niche developments that align with changing consumer preferences.The landscape shifted significantly…

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CapitaLand Investment secures S$261 million commitment from Mitsui O.S.K. Lines

CapitaLand Investment Limited (CLI), a global real asset manager, has secured S$261 million capital commitment from a new Japanese capital partner, Mitsui O.S.K. Lines, Ltd. (MOL), for its Southeast Asia (SEA) and India private funds. A shipping major in Japan, MOL has committed $130 million capital in CapitaLand SEA Logistics Fund (CSLF), CLI’s first logistics…

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Alta Capital buys IndoSpace’s 2.5 million sq ft warehousing assets for Rs 840 cr

Investment and asset management firm Alta Capital has acquired over 2.5 million sq ft logistics built and fully-leased assets from IndoSpace in a deal valued at over $100 million or Rs 840 crore, said persons with direct knowledge of the development.This is one of the largest deals involving warehousing and logistics assets in India this…

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Merlin Group executing projects worth Rs 20,000 cr, revenue to double in 7-8 years

Merlin Group, Kolkata’s largest real estate developer, is currently executing projects worth Rs 20,000 crore, which are expected to double its annual revenue over the next 7-8 years, a senior official said on Monday. The announcement coincided with the unveiling of the company’s new brand identity. “We have been growing steadily year on year for…

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Merlin Group to invest Rs 8,000 crore over the next 8 years

Merlin Group, with projects across central Calcutta and its outlying suburbs along the Hooghly river, anticipates achieving sales of Rs 20,000 crore over the next 7-8 years, fueled by a robust real estate market and ongoing projects. The firm, which rebranded itself recently, plans to invest Rs 8,000 crore during this period to develop its…

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Prestige Group acquires 17.45 acres of land in Whitefield, Bengaluru for Rs 462 crore

Prestige Group, a real estate development company, has acquired approximately 17.45 acres of land in Whitefield, Bengaluru, for Rs 462 crore. The newly acquired land has the potential to develop over 2.68 million square feet for a residential project, according to the company.“We are excited to expand our presence in Bengaluru with the acquisition of…

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