Ratings agency ICRA expects the rental income for retail mall operators to increase by 7-8% on-year growth in the current financial year 2024-25 and 8-9% in 2025-26, driven by healthy occupancy levels, growth in trading values and rental escalations.Across India’s top six cities, new supply of 9-9.5 million sq ft is expected in the current…
READ MOREIndia witnessed an absorption of 407 MW IT capacity and the addition of 191 MW IT capacity across key cities, as demand for data centres in continues to rise, according to Savills India.The increase in demand is driven by factors such as the increasing adoption of cloud computing, the expansion of big data, the Internet…
READ MOREPuravankara, Bengaluru based real estate developer, reported sales of ₹1,265 crore for Q3 FY25, marking a 2% increase compared to ₹1,241 crore in Q3 FY24. The company also achieved a total sale value of ₹3,724 crore during the first nine months of FY25 (9M FY25). Customer collections for Q3 FY25 stood at ₹993 crore, reflecting…
READ MOREPuravankara, a real estate development company, has purchased a 3.63-acre land parcel on Kanakapura Road in Bengaluru, to expand its presence in key micro-markets of Bengaluru.The recently acquired land parcel in Vajrahalli, Kanakapura Road, spans an area of 3.63 acres, with a saleable area of 5.42 lakh sq ft and a total estimated Gross Development…
READ MOREThe India arm of global logistics and supply chain solutions major Yusen Logistics has entered into an agreement with listed realty developer Macrotech Developers to pick up nearly 200,000 sq ft of warehousing space in Palava near Mumbai through a long-term lease agreement of over five years.The built-to-suit facility is part of Lodha Industrial &…
READ MOREShriram Properties has sold around 3.9-acre land parcel located on the GST Road in Chennai to a large healthcare and educational group in South India. The company, through its wholly owned subsidiary–SPL Shelters–owned this land parcel, currently with approvals for the development of a retail asset.ET Year-end Special ReadsThe land parcel is strategically located adjacent…
READ MOREOberoi Realty shares surged as much as 6.3% on Monday to a record high of Rs 2,250.65 on BSE after brokerage firm Axis Securities initiated coverage on the real estate developer with a ‘buy’ rating, at a target price of Rs 2,560, implying an upside of about 14% from current levels. The brokerage said that…
READ MOREIndia’s housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in terms of the sector’s performance across the top seven cities, led by steady economic growth and infrastructure improvements driving increased urbanization and sustained demand.The top seven cities, Mumbai, Delhi-NCR, Bengaluru, Pune,…
READ MOREMicrosoft Corporation (India) Pvt Ltd bought a prime land parcel for Rs 181.25 crore near Hyderabad from Natco Pharma Ltd, adding to its recent land acquisitions.The 121,000 square yard plot is located in the Nandigama village in Telangana, according to a sales deed shared by Propstack.The deal marks a major investment by Microsoft, reflecting its…
READ MORERealty 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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