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Category: GAGA Realty

How Modi govt can turn India into a real estate powerhouse in Union Budget, brick by brick

India’s ambitious goal of becoming a developed nation by 2047 integrates a vision of economic growth, sustainable development goals, ease of living, ease of doing business, infrastructure, and social welfare. India’s real estate sector plays a significant role in India’s economy and contributes to the country’s Gross Domestic Product (GDP) through various channels contributing approximately…

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DLF to expand housing, commercial property business; entering Mumbai, Goa: Chairman Rajiv Singh

New Delhi: Realty major DLF will focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa to tap into growth opportunities, its Chairman Rajiv Singh said. In his message to shareholders in the annual report, Singh said the company will continue to focus on corporate governance,…

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Buoyant Indian real estate boosts institutional investor appetite

The Indian real estate market is experiencing a buoyant phase, characterised by a surge in institutional investment despite global economic uncertainties. The optimistic outlook is largely due to the robust performance of key segments such as warehousing, residential and office space.Foreign investors continue to play a pivotal role, with significant contributions coming in from the…

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Ashiana housing to double its annual senior living housing sales

Ashiana Housing, a listed real estate developer, aims to double its annual senior living housing sales to 1,000 units within four years, capitalising on the post-Covid surge in demand that has already boosted sales from 200 to 450–500 units per year.The company reported revenue of Rs 1,800 crore in FY 2023–24, marking a 50% increase…

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Bengaluru office stock set to touch 330-340 mn. sq. ft. by 2030, highest in India

Bengaluru has surpassed all other cities to become India’s largest and most crucial office market. The city has seen its office space more-than-double, increasing from 100 million sq. ft. in 2013 to over 223 million sq. ft. as of June 2024, giving it the highest share among Indian cities. The tech capital of India is…

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South India’s data centre market to witness 65% capacity growth by 2030

The data center market in South India is experiencing significant growth, particularly in key cities such as Chennai, Bangalore, and Hyderabad driven by government incentives, strategic infrastructure investments, and increasing demand for digital services.The region is poised to substantially impact the global data centre landscape, with an anticipated 65% increase in capacity by 2030. The…

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Housing sales fell by 6% during the April-June quarter

Housing sales in India’s eight prime residential markets fell 6% during the April-June period of 2024, even as new supply tapered, according to real estate brokerage firm PropTiger.com.Total 113,768 units were sold in Q2 of Calendar Year 2024, against 1,20,642 in the previous quarter (Q1CY2024). The quarterly decline in sales was seen across cities, barring…

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Retailers focusing on main streets for new store opening

Retailers are increasingly focusing on main streets in prominent locations across India, with emerging clusters forming around residential and commercial hubs, which is reflecting in leasing activity with high street leases accounting for 70% of total leases in Q2 2024, compared to 30% for mall leases.According to Cushman & Wakefield, the continued dominance of main…

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Tata Realty & Infra secures loan worth Rs 825 crore from IFC

MUMBAI | BENGALURU: Tata Realty & Infrastructure has secured a loan worth Rs 825 crore loan from the World Bank Group member International Finance Corporation (IFC) for the strategic refinancing of Ramanujan Intellion Park in Chennai.This financing is a part of Tata Realty’s broader commitment to advance its sustainability efforts and elevate the standard of…

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Sattva Group targets 85 pc growth in housing sales to Rs 6,500 cr this fiscal: MD Bijay Agarwal

Realty firm Sattva Group is bullish on India’s housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore. “We are very bullish…

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