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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Nomura initiates coverage on Aditya Birla Real Estate, predicts 30% upside on strong growth outlook
Backed by long-term strong growth visibility, the shares of Aditya Birla Real Estate (ABREL) may go up 30% predicted global brokerage firm Nomura while initiating coverage on the stock with a ‘buy’ rating and a target price of Rs 3,700. Nomura believes that ABREL has all the qualities to rank among top 5 real estate…
READ MORESattva 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…
READ MOREEmbassy REIT raises Rs 2,000 crore debt
Embassy Office Parks ‘Embassy REIT’, India’s first listed REIT and the largest office REIT in Asia by area, has raised Rs 2,000 crore debt.The coupon-bearing debt was raised at an interest rate of 7.95%. Embassy REIT will utilize the proceeds from this debt to repay its non-convertible debentures (“NCDs”) of Rs 2,000 crore maturing in…
READ MORETop 8 housing markets see 5 pc annual sales dip in September quarter; demand up only in Delhi-NCR: PropTiger
Housing sales declined 5 per cent in the July-September quarter across the top eight cities due to a fall in new supply and sharp appreciation in prices, according to PropTiger.Real estate brokerage platform PropTiger.com, which is part of Australia’s REA group that owns Housing.com, on Tuesday, released its report ‘Real Insight’ on India’s residential market.A…
READ MOREPrivate equity investment inflows into the Indian real estate reaches 2023 level in nine months
Private equity investment inflows into the Indian real estate sector reached USD 2.2 billion in Q3 2024, 93% growth on a sequential basis and more than double the investment volume recorded in the same period last year. Additionally, at USD 3.9 billion between January and September, the inflow has exceeded the investment quantum registered in…
READ MOREHousing prices in Delhi-NCR, Bengaluru jump 29 pc in Jul-Sep: Anarock
New Delhi: Housing prices in Delhi-NCR and Bengaluru appreciated 29 per cent year-on-year in the July-September quarter on strong demand, high input cost and an increase in the supply of luxury homes, according to Anarock. Real estate consultant Anarock’s data showed that the average prices of residential properties in Delhi-NCR increased 29 per cent to…
READ MORERising land costs, approval delays hit new project launches, property sales
Bengaluru: Land acquisition challenges and rising land prices are weighing on new project launches and property sales in India. Also, delays in securing approvals, particularly for converting farm land for development, are stretching project starting timelines to 10-14 months or more compared to up to six months previously.Tier I cities such as Mumbai, Delhi-NCR, Bengaluru,…
READ MOREInstitutional investments in real estate rise 45% to USD 1.15 billion in July-September: Colliers
New Delhi: Institutional investments in real estate grew 45 per cent to nearly USD 1.15 billion in July-September with investors looking to encash the strong demand for premium homes and offices, according to Colliers. Consultant Colliers India data showed that the institutional investments in real estate during July-September stood at USD 1,148.7 million as against…
READ MOREWalmart 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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