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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Right Vastu colour for home, kitchen, bedroom, wall and more
Vastu colours for home have a significant psychological effect on people as specific colours stimulate different emotions in people. These colours are suggested based on the associated elements. It is important to have a balance of these colours in your home as these encourage creativity, bring in wealth and help lead a healthy and positive…
READ MOREAlta Capital buys IndoSpaceβs 2.5 million sq ft warehousing assets for Rs 840 cr
Investment and asset management firm Alta Capital has acquired over 2.5 million sq ft logistics built and fully-leased assets from IndoSpace in a deal valued at over $100 million or Rs 840 crore, said persons with direct knowledge of the development.This is one of the largest deals involving warehousing and logistics assets in India this…
READ MOREPrestige 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 MOREProperty prices continue to rise across top 8 cities: Report
Property prices in Indiaβs 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…
READ MOREEmbassy REIT records highest H1 leasing ever, revises guidance to 6.5 million sq ft for FY25
Bengaluru: Embassy Office Parks REIT, the first listed real estate investment trust (REIT) in India and the largest office REIT in Asia by area, revised its leasing guidance for fiscal 2025 to 6.5 million sq ft from 5.6million sq ft, citing robust demand from corporate occupiers, including global capability centres (GCCs). In the second quarter…
READ MOREDLF says on track to meet FY25 guidance despite a drop in Q2 bookings
The countryβs largest real estate developer DLF said it is expected to achieve the guidance of Rs 17,000-18,000 crore annual presale in FY25 despite a drop in new sales bookings in the July-September quarter due to delay in getting approvals for new project launches.During the earnings call after the second quarter results, senior executives of…
READ MOREInstitutional investment in real estate up 31% to $4.61 billion in January-September: Report
New Delhi: Institutional investments in the Indian real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on ‘Investment in Indian Real Estate’, observing that funds’ inflow from institutional investors in the first nine…
READ MORE900 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 MOREIndia 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…
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