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Category: GAGA Realty

New home supply falls 13 pc in Apr-Jun as builders launch fewer projs due to polls: PropEquity

New Delhi: Fresh supply of housing units is estimated to decline 13 per cent during this quarter across nine major cities with builders launching less number of projects because of the general election, according to real estate data analytic firm PropEquity. PropEquity data shows that new housing supply in April-June is estimated to fall to…

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Sattva Group to invest Rs 12,000-14,000 crore in diversification over next three years

Real estate developer Sattva Group plans to invest Rs 12,000-14,000 crore in the next two-three years to diversify its portfolio and explore new markets. The company is also considering options such as fundraising and entering into platform deals across segments to fuel its growth, said its managing director Bijay Agarwal.“The funding for the initiative will…

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Affordable housing suffering; luxury continues to show bumper sales: Gulam Zia

“In sync with market requirements, market realities, the buyers are okay to pay that kind of price rise and in such times that price rise does not go haywire, stay closer to double digits, etc, we are in safe zone,” says Gulam Zia, Knight Frank India. Is that a trend that you are observing as…

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Gross leasing of office space up 8 pc to 158 lakh sq ft in Apr-Jun in top 6 cities: Colliers

Gross leasing of office space is estimated to have risen 8 per cent annually during the April-June quarter across six major cities on better demand especially in Mumbai, according to Colliers. Gross leasing of office space is estimated at 15.8 million (158 lakh) square feet during April-June as against 14.6 million square feet in the…

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Commercial realty owned by single entity in demand

Mumbai: Investors in India’s commercial real estate market are increasingly preferring single-owned and managed properties over strata-owned ones as they offer higher returns, operational efficiency, and greater attractiveness, according to experts.The rental yields for commercial assets across key property markets have been a major indicator that clearly shows that single-owned commercial properties are outperforming their…

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ESR acquires additional 27 acres in Chennai’s Oragadam to expand industrial park

Asia Pacific-focused real estate services and investment major ESR Group has acquired additional 27 acres of land to expand its industrial and logistics park in Chennai’s Oragadam. With this acquisition, the expanded area of ESR Oragadam Industrial & Logistics Park will now span 107 acres with a development potential of 2.5 million sq ft.The Hong…

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Low unsold housing stock makes room to absorb slower pre-sales growth

The tier I residential real estate inventory stock of the top eight cities across India remains at comfortable level compared to historical levels and the quarter-to-sales ratio is at moderate levels of 11 compared to the past six years’ high of 13 in 2018-19, said India Ratings & Research (Ind-Ra).The ratings agency, based on the…

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Cushman & Wakefield launches advisory platform to help firms set up capability centres

Global property consultant Cushman & Wakefield on Wednesday announced the launch of an integrated advisory platform to help multi-national companies set up Global Capability Centres (GCCs) in India, Philippines and some other countries. At present, there are around 1,600 GCCs operational in India and the number is expected to rise exponentially to more than 2,400…

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Affordable homes supply down 38%

New supply of affordable homes – priced up to Rs60 lakh each – declined 38% across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity.Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs,…

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Sameera Group lines up Rs 500 cr for senior living

Real estate developer Sameera Group has earmarked ₹500 crore as investments over the next five years to set up 1,000 senior living homes across South India, the company said.For developing the senior living homes, city-based Sameera Group has signed a memorandum of understanding with Vedaanta Senior Living that aims to create high-quality senior living communities,…

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