- 11/07/2024
- by GAGA
- 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.βWe are excited to expand our presence in Bengaluru with the acquisition of…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
900 sq yard-bungalow in Delhi’s Sunder Nagar sold for nearly Rs 100 cr; CBRE facilitates deal
Upscale residential colony Sunder Nagar in the national capital has witnessed a big-ticket deal with an around 900 square yard bungalow getting sold for nearly Rs 100 crore. According to market sources, a bungalow at Sunder Nagar, owned by Sunil and Ravi Sachdev, has been sold for around Rs 96 crore. Real estate consultant CBRE…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
India sees 65% surge in land deals, led by major cities: Report
The Indian real estate market has seen a resurgence, resulting in heightened interest from property developers in acquiring land parcels, with a 65% year-on-year increase in land transaction volumes until September this year. The residential segment has led the demand.In the nine months, more than 1,700 acres of land were transacted in metropolitan and peripheral…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
Luxury home sales peaks with 37.8% growth between Jan-Sep 2024
India’s high-end real estate sector, particularly residential properties valued at Rs 4 crore and above, saw a robust 37.8% year-on-year sales surge from January to September 2024, as per a report by a top real estate consultancy firm.Property consultancy firm CBRE said luxury unit sales reached 12,625 in the first nine months of 2024, up…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
Real estate equity investments in January-September create record
Real estate equity investments recorded a robust 46% year-on-year (YoY) growth totalling $8.9 billion in Jan-Sep β24 βthe highest-ever recorded since CY 2018, surpassing the $ 7.4 billion total equity investments for CY 2023. On a quarterly basis, equity investments in real estate stood at $ 2.6 bn in the Jul-September 2024 period.Domestic investors (predominantly…
READ MORE- 21/11/2024
- by GAGA
- GAGA Realty
Indiaβs office market sees shift as domestic firms eye 65 million sq ft between 2024-2025
The Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United StatesDuring 2022-2023, domestic firms witnessed a significant 60% increase in office space absorption compared to the…
READ MORE- 09/12/2024
- by GAGA
- GAGA Realty
India’s SM-REITs market is expected to surpass $60 billion by 2026, backed by over 350 mn sq ft of completed commercial office space
India is projected to have a potential Small and Medium Real Estate Investment Trusts (SM REITs) market value exceeding $ 60 billion by 2026, with over 350 mn sq ft of ready commercial office stock. Among the top seven cities, Mumbai leads the potential SM REIT-ready completed stock with 75 mn sq ft as of…
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