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Tag: realty sector

Certus Capital invests Rs 500 cr in 4 projects, takes credit portfolio to Rs 1,000 cr

Institutional real estate investment firm Certus Capital has deployed around Rs 500 crore through secured private credit across four projects, including one commercial office development and three residential projects.These investments, part of the firm’s broader strategy to scale its credit portfolio in the real estate sector, have taken Certus Capital’s total secured private credit investments…

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Puravankara expands land portfolio with strategic acquisition in Bengaluru’s Kanakapura Road

Puravankara, 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…

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India’s housing property market set for record-breaking performance in 2024

India’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,…

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Microsoft India buys Rs 181.25 crore land parcel near Hyderabad from Natco Pharma

Microsoft 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…

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Embassy 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…

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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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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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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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Institutional 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…

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Digitisation of land records to boost investments in residential projects

Bengaluru/Mumbai: Digitisation of land records using GIS (geographic information system) technology is set to streamline land acquisition and attract investment in the resurgent real estate sector, with unique identification numbers for rural land proposed in the budget. Digitisation will reduce uncertainty regarding the ownership of a property and boost early-stage investments in residential real estate…

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