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Banking Sector Capitalizes on Booming Indian Real Estate Market

Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.

By Admin

  • 8th May 2024
  • 1149 Views
PNB Housing Finance Targets Ambitious 17% Growth in FY25 Loan Portfolio

PNB Housing Finance aims to raise its loan portfolio by 17% in FY25, the biggest expansion since 2019. A strong capital position has allowed the firm to concentrate on retail lending, which currently accounts for 97% of its operations, including affordable housing.

By Admin

  • 5th May 2024
  • 1142 Views
Bangalore-based Embassy Group Plans IPO for WeWork India Following Full Acquisition

Embassy Group plans to take WeWork India public after acquiring the remaining 27% interest from US-based WeWork for ₹700 crore. Sources say the coworking office platform would be listed on domestic bourses within 18 months.

By Admin

  • 26th Apr 2024
  • 1164 Views
Lodha Celebrates Stellar Growth in Q4, with a 21% Increase in Net Profit

Lodha, or Macrotech Developers, reported a 21% rise in net profit to Rs 670 crore for the March quarter. The company's operating revenue rose 23% to Rs 4,020 crore. Developer pre-sales and yearly performance are at an all-time high this quarter.

By Admin

  • 26th Apr 2024
  • 1166 Views
India Office Real Estate Set for Robust Growth Driven by Tech and Services Expansion

According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.

By Admin

  • 21st Apr 2024
  • 1171 Views
New Delhi Based Ashiana Housing Plans Strategic Investments for 2024

Ashiana Housing, a New Delhi-based real estate developer, plans to spend Rs 650-700 crore in land and building in 2023-24. The business wants to book Rs 1,500 crore in area in FY24 and add 7-8 million sq ft in three years.

By Admin

  • 10th Jan 2024
  • 1229 Views
Prime Office Space Rentals in India Witness 7 Per Cent Increase in First Half of FY24

According to an Anarock research, premium office space rental prices in seven major cities rose 7% year-over-year to Rs 83 per square foot per month in the first six months of the current fiscal. This is due to growing building prices.

By Admin

  • 8th Dec 2023
  • 1189 Views
The Indian Infrastructure Industry Growth Story - Opportunities and Challenges

By 2027, the Indian construction market is anticipated to have grown at a CAGR of 17.26%, from 2022 to 2027, and reach $1.42 trillion.

By Admin

  • 3rd Dec 2023
  • 1224 Views
Navratri Festival Ignites Mumbai Real Estate - A Phenomenal Surge in Property Registrations!

Mumbai real estate, the centre of the Indian property sector, saw a dazzling increase in registrations during Navratri. Under BMC's oversight, property registrations rose to 4,594 units from October 15th to 23rd, 2023.

By Admin

  • 26th Oct 2023
  • 1211 Views
Bangalore Based Embassy Group Records Brilliant Residential Earnings Fiscal Year 2023

The Bangalore-based Embassy Group, one of the leading real estate developers in India, achieved one of its greatest residential revenue growths ever in fiscal year 2023, recording revenues of Rs. 1,370 crore, a 210% increase year-over-year.

By Admin

  • 4th Jun 2023
  • 1287 Views
Data Centre Growth to Propel Investment in Indian Real Estate Market

Between 2023 and 2025, 678 MW will be added to the digital transformation industry in India due to the increasing use of digital technology, the migration of IT infrastructure to third-party providers, and the increased use of data from new and existing channels.

By Admin

  • 15th Apr 2023
  • 1331 Views
GIC Acquires 77 Per Cent Share in The Bulk of British Land Paddington Central Properties For 694 million Pounds

British Land recently announced the sale of 75% of its Paddington Central assets to Singapore's sovereign wealth fund GIC for 694 million pounds (USD 885.9 million), with the UK-based landlord seeking to invest in high-growth industrial sites.

By Admin

  • 26th Apr 2022
  • 1367 Views
Indian Real Estate Giant Lodha To Launch INR 2,500 crore IPO on April 7, 2021

One of the major reasons for this big step is to raise funds from the market to decrease its current debt and accelerate its growth in the coming days and months and years.

By Admin

  • 7th Apr 2021
  • 1608 Views
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