Developer House of Hiranandani has entered two separate agreements to undertake redevelopment of five housing societies spread over 15 acres in Mumbaiβs 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…
READ MOREIndia’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…
READ MOREOver the last four years, housing prices in India have risen sharply by 46 per cent, with cities like Hyderabad and Noida witnessing the highest increases at 78.6 per cent and 69 per cent, respectively. This significant surge in prices, particularly after the COVID-19 pandemic, has severely impacted housing affordability, creating financial challenges for potential…
READ MOREThe 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…
READ MOREGross leasing of office space is estimated to have risen 8 per cent annually during the April-June quarter across six major cities on better demand especially in Mumbai, according to Colliers. Gross leasing of office space is estimated at 15.8 million (158 lakh) square feet during April-June as against 14.6 million square feet in the…
READ MOREUnsold housing stocks across seven major cities have risen by 24 per cent since 2019 due to higher supply, but realty firms will take 31 per cent less time to sell these units because of high sales velocity, according to JLL India. In a report released on Thursday, real estate consultant JLL India said the…
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