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Category: GAGA Realty

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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Shriram Properties makes bold move into Pune with new joint development agreement

Shriram Properties Limited (“SPL”), a residential real estate development company, has entered into a Joint Development Agreement for a 6-acre land parcel in Undri, Pune, marking its foray into the Pune market. The acquisition of this project is a pivotal component of SPL’s strategy for accelerated growth while maintaining an asset-light approach over the coming…

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House of Hiranandani to invest Rs 12,500 cr on Mumbai greenfield projects, acquisitions

Surendra Hiranandani led House of Hiranandani is looking to invest over Rs 12,500 crore to strengthen its development portfolio by around 10 million sq ft through a blend of acquisitions and greenfield projects to deepen its presence in Mumbai Metropolitan Region (MMR) in the next two years, said top officials of the company.With a luxury…

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Certus Capital invests Rs 150 cr across 2 residential projects in Mumbai Region

MUMBAI: Institutional real estate investment firm Certus Capital has invested Rs 150 crore across two mid-market real estate projects in Mumbai Metropolitan Region (MMR) of real estate developers JSB Group and Dynamix Group.These mid-income housing projects near Mumbai international airport and extended western suburb of Vasai have an aggregate development of 385,000 sq ft and…

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Property prices continue to rise across top 8 cities: Report

Property prices in India’s 8 prime residential markets firmed up further in the past one year amid a spike in the cost of construction, according to the data by online property brokerage firm PropTiger.com. Average property prices in most cities analysed experienced double-digit growth in the third quarter of 2024 (Q3CY2024) compared to the same…

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Embassy REIT records highest H1 leasing ever, revises guidance to 6.5 million sq ft for FY25

Bengaluru: Embassy Office Parks REIT, the first listed real estate investment trust (REIT) in India and the largest office REIT in Asia by area, revised its leasing guidance for fiscal 2025 to 6.5 million sq ft from 5.6million sq ft, citing robust demand from corporate occupiers, including global capability centres (GCCs). In the second quarter…

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Runwal Realty acquires Kansai Nerolac’s 4-acre land parcel in Mumbai’s Worli

Realty developer Runwal Realty has acquired listed paint and coating manufacturing company Kansai Nerolac Paints’ 4-acre land parcel in Mumbai’s plush Worli locality for around Rs 800 crore including stamp duty and other charges.Runwal Realty is planning to develop a luxury residential project on the plot that has development potential of 1 million sq ft…

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Panchshil Realty subsidiary sells 4.8-acre land parcel in Pune’s Wagholi

Panchshil Realty affiliated entity Wagholi Estates has sold a prime land parcel spread over 4.8 acres in Pune’s Wagholi locality to a city-based realty developer Vilas Javdekar Infinitee Developers for over Rs 103 crore.The plot sold is part of this larger land parcel on which Panchshil Realty is developing an information technology park.“We are developing…

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DLF says on track to meet FY25 guidance despite a drop in Q2 bookings

The country’s largest real estate developer DLF said it is expected to achieve the guidance of Rs 17,000-18,000 crore annual presale in FY25 despite a drop in new sales bookings in the July-September quarter due to delay in getting approvals for new project launches.During the earnings call after the second quarter results, senior executives of…

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Institutional investment in real estate up 31% to $4.61 billion in January-September: Report

New Delhi: Institutional investments in the Indian real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on ‘Investment in Indian Real Estate’, observing that funds’ inflow from institutional investors in the first nine…

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