DRA Homes acquire residential development at Marina Mall
DRA Homes, a Chennai-based real estate developer, has acquired Marina Mall’s residential development project, the prestigious Marina Mall in OMR, Chennai, for Rs 25.10 crore.YuBi, a FinTech platform, funded the acquisition. The transaction allows retail HNIs to subscribe to NCD through the Fintech platform, paving the way for increased retail participation in the city’s development.“YuBi…
READ MOREHousing sales may decline 18% in September Quarter
New Delhi: Housing sales are estimated to decline 18% during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data. Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities.Sales stood at 1,26,848 units in the same period last year.As per…
READ MORENew housing supply in Delhi-NCR triples in Sep qtr to 13,311 units on high demand: PropEquity
New Delhi: Fresh supply of residential properties in Delhi-NCR is estimated to triple during July-September to over 13,300 units as developers look to encash strong demand, according to PropEquity. Real estate data analytics firm PropEquity has estimated new launches of housing properties at 13,311 units in the current quarter as against 4,147 units in the…
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Griha Pravesh Puja and House Warming Ceremony 2024
Indians are generally particular about shubh muhurats, when it comes to buying a property or shifting to a new house. Performing a griha pravesh,which is basically the house warming ceremony on an auspicious day, is considered to bring good fortune. Griha Pravesh is a Hindu ritual where a puja ceremony is conducted on an auspicious…
READ MOREProperty launches and sale fell YoY during July-September
Housing launch and sales during July-September quarter in top 9 cities have declined by 11% and 18% respectively, according to a data by real estate data analytics firm PropEquity. The NSE-listed firm said that new launches in the quarter fell to 93,693 units from 1,05,655 units in the same period last year while sales fell…
READ MOREEngineering, manufacturing and BFSI occupiers to account for 40% of office demand during 2025-27
India’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 MOREIndia’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…
READ MOREBhive Leases 77,000 sq ft of office space in Bengaluru CBD
BHIVE Workspace, a leading managed office space provider, has leased 77,000 square feet of Grade-A office space from real estate development firm Address Maker at CMH Road, Indiranagar,Bengaluru.The recently leased managed office space will have over 1,500 seats and a comprehensive suite of amenities, including boardrooms, private phone booths, recreational zones, designer studios, and dedicated…
READ MOREIndian luxury homebuilder to expand into data centers on AI boom
Indian property developer Rustomjee plans to build data centers in Mumbai, the nation’s largest real estate market, to ride the artificial intelligence boom while it continues to sell luxury homes, according to a top executive.The data centers will be developed across 5 million square feet of land in Thane, a suburb of Mumbai, where the…
READ MORECapitaLand Investment to raise up to $250 million through India data center fund
Singapore-based global institutional investor CapitaLand Investment is looking to raise over $200-250 million through a fund to invest in India’s burgeoning data centers sector and the fund is expected to be concluded in the next few months, said a top executive.This fund is part of CapitaLand Investment’s plan to more than double its funds under…
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