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Tag: Real Estate

Institutional 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…

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900 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…

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India 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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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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Sattva 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…

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Embassy 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…

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Top 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…

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Private 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…

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Housing 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…

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Rising 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,…

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