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Tag: bengaluru

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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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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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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Prestige Group targeting Rs 10,000 cr annual revenue from NCR

Bengaluru-headquartered real estate developer Prestige Group is targeting Rs 10,000 crore in annual revenue from the National Capital Region from as early as next financial year as part of its aggressive expansion plans in the region, chairman and managing director Irfan Razack said. The company, which currently generates no revenue from the NCR, is expected…

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Sattva Group, Bain Capital ink $100 mn deal to build co-living platform

Real estate developer Sattva Group and US-based private equity firm Bain Capital are entering into a $100 million partnership to develop a built-to-suit co-living platform, said people familiar with the development.The platform will be housed under Colive, a company that manages rental homes, they said, adding that this is the largest funding received so far…

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Indian office investment witnesses 6X spike, marking strong market revival

India’s realty sector faced robust institutional inflows in the September quarter, underscoring sustained confidence from domestic and overseas investors.Institutional investment in the office segment made a strong comeback, surging 6.8 times from a year earlier to $600 million in the quarter. Investment in the office segment had plunged 83% year-on-year in the June quarter to…

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Walmart to set up GCC in Bengaluru, signs lease deal with Prestige

Walmart Global Technology Services India has leased about 1 million sq ft of office space in Bengaluru from real east company Prestige Group to set up a global capability centre, according to sources, marking one of the largest lease deals in the country this year.The American retail giant will pay a rent of Rs 95…

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Housing sales may decline 18% in September Quarter

New Delhi: Housing sales are estimated to decline 18% during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data. Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities.Sales stood at 1,26,848 units in the same period last year.As per…

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House of Hiranandani to invest Rs 3,200 crore to redevelop 15 acres in Mumbai’s Chembur

Developer House of Hiranandani has entered two separate agreements to undertake redevelopment of five housing societies spread over 15 acres in Mumbai’s Chembur suburb with an investment of over Rs 3,200 crore.These projects hold development potential of over 1.7 million sq ft and are estimated to have gross development value of over Rs 5,000 crore.The…

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Engineering, manufacturing and BFSI occupiers to account for 40% of office demand during 2025-27

India’s office space demand is increasing steadily, driven by a diversifying landscape of occupiers from various sectors like technology, engineering & manufacturing, BFSI, healthcare, consulting, and flexible workspaces as opposed to traditional dominance of the technology sector Over the next three years (2025-27), engineering & manufacturing and BFSI occupiers are expected to lease about 11-12…

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