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Category: GAGA Realty

Mahindra Lifespace, Actis form JV to build industrial & logistics park; 1st project in Chennai

New Delhi: Realty firm Mahindra Lifespace Developers Ltd and Actis have formed a joint venture platform ‘Ample Parks’ for the development of industrial and logistics parks and will build their first 70-acre project in Chennai. Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespace have formally launched a joint venture Ample Parks, an…

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Bangalore remains frontrunner in GCC office leasing, followed by Hyderabad Chennai

Bengaluru: Global Capability Centers (GCCs) in India have leased approximately 53 million square feet of office space in key Indian cities between 2022 and the first half of 2024, such as a highly skilled workforce, cost advantages, and favourable business conditions, according to CBRE and Zyoin’s latest report.This growth is expected to continue, especially in…

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India ranks 5th in Asia-Pacific cross-border realty investments, draws $3 bln in H1

India ranked fifth in cross-border real estate investments in the Asia-Pacific region, attracting 9% of the total volume of investment within the region in the first half of 2024, showed a Knight Frank India study.The total cross-border investments in the Asia Pacific region during this period reached $11.5 billion, with India receiving $3 billion from…

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Co-living operators raise share of ‘1 BHKs’ amid rising demand

Co-living property operators are increasing the share of one-bedroom units in the facility on the back of increasing demand as corporate clients are looking for more space and privacy.While most of the occupants used to prefer double occupancy before Covid-19, demand shifted to single occupancy during the pandemic and now one-bedroom units are more sought…

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Godrej Sobha stake: Godrej Family Office likely to sell a 5% stake in Sobha Ltd

BENGALURU: The Godrej Industries Group (GIG) family office, through its entity Anamudi Real Estates, has partially exited its stake in Bengaluru-based real estate developer Sobha Ltd in secondary market block deals totalling around Rs 857.70 crore. The company sold its nearly 4.43% stake, out of 9.99% held, through block deals on the stock exchange on…

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Land deals drop 57 pc to 325 acres in Apr-Jun on high prices: Anarock

New Delhi: Land acquisitions remained muted during April-June, and only 25 deals covering 325 acres were closed during this period, mainly due to high prices and general elections, according to Anarock. In contrast, there were 29 land deals closed in the year-ago period, comprising 721 acres. Real estate consultant Anarock pointed out that the general…

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Keppel buys office asset in Chennai for β‚Ή2,100 cr

Singapore-based global asset manager and operator Keppel has acquired One Paramount 1 tech park in Chennai for about β‚Ή2,100 crore, said three people aware of the deal. The prime office asset is jointly owned by realty developer RMZ Corporation and Canadian pension fund CPP Investments.The property in Chennai’s Porur area is spread over more than…

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Large scale projects are getting delivered faster

Developers are able to complete large scale projects in less than five years since 2014 against 6 years before that as modernisation of construction technology and implementation of Real Estate Regulatory Authority (RERA) has ensured homebuyers are getting the home in time.According to Anarock data, the average time taken to complete smaller projects of less…

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Realty project completion gets faster now, thanks to tech & stricter rules

New Delhi: Real estate developers have been completing large-scale projects in under five years since 2014, a marked improvement from the previous six-year timeframe, due to modernised construction technology and the implementation of the Real Estate Regulatory Authority (RERA), ensuring home buyers receive their homes on time, according to a report by a real estate…

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Over 65% office buildings are green-certified in India

Over 65% of Grade A office space across India’s top 7 cities is green-certified, highlighting India’s growing commitment to sustainable construction, according to consultancy firm Vestian. The real estate sector is the 2nd largest employer in India, accounting for 39% of carbon emissions. The government’s constant push to achieve net zero emissions by 2070 is…

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