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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.
- 8th May 2024
- 1144 Views
Godrej Properties, a significant real estate investor, plans to launch Rs 30,000 crore in residential projects in India's main cities this fiscal year. Due to strong demand, the firm wants to expand sales bookings by 20%.
- 7th May 2024
- 1143 Views
Bangalore-based Prestige Estate Projects plans to treble its hotel portfolio with a ₹1700 crore investment in the next 3-4 years. Managing 1,849 keys across India, the business aims to create ₹1,800 crore in income, tripling current sales of ₹900 crore.
- 1st May 2024
- 1162 Views
Lodha, known as Macrotech Developers, expects robust housing market expansion in 2024-25. Over ₹21,000 crore in new projects are planned by the corporation, after a ₹20,300 crore boost last year.
- 28th Apr 2024
- 1160 Views
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.
- 26th Apr 2024
- 1163 Views
K Raheja Corp is redeveloping Mumbai's first mall, Sobo Central Mall, into a premium residential tower. It encompasses 1.3 acres in South Mumbai's premium Haji Ali neighbourhood and was launched in the late 1990s as Crossroads. A 50-story sea view skyscraper with almost 250,000 sq ft of development.
- 26th Apr 2024
- 1156 Views
After learning that the 30 acres in Bandra East may not be finished until 2026, the Bombay High Court examined Goregaon for its new court complex. Due to government personnel living on 13 of the 30 acres, the State Public Works Department (PWD) indicated only 13 will be removed by March 2025.
- 21st Apr 2024
- 1168 Views
The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.
- 21st Apr 2024
- 1162 Views
Purevankara outperformed itself in 2024, selling Rs 5,914 crores, up 90% from Rs 3,107 crores in FY23. Customer collections increased by 60% to Rs 3,609 crores from Rs 2,258 crores last year.
- 7th Apr 2024
- 1184 Views
Bengaluru office leasing is changing. Multinational firms' tech and shared service divisions, Global Capability Centres (GCCs), are gaining ground in India's commercial real estate market. In 2023, GCCs leased the most space since the start of the decade, according to Colliers.
- 24th Mar 2024
- 1177 Views
Dubai stands as a beacon of architectural innovation and luxury living. With its property market among the world's highest performers, the emirate continues to attract substantial international investment, backed by a 15.9% growth in residential prices through May 2023.
- 24th Mar 2024
- 1181 Views
DLF sells 4.67 acres of excellent Chennai property to Cholamandalam Finance for Rs 735 crore, one of Chennai's largest real estate land deals in Chennai.
- 17th Mar 2024
- 1207 Views
In India's dynamic real estate market, virtual staging has become a key tool, helping buyers like Maya and Rajesh Sharma, IT professionals from London, navigate the property landscape in Mumbai. They shifted from traditional online listings to virtual staging.
- 10th Mar 2024
- 1181 Views
Bengaluru, Delhi NCR, and Kolkata have witnessed house costs rise 20% in the previous two years. These locations saw a 30% price spike from 2021 to 2023 due to strong demand for mid- and luxury homes, according to Colliers.
- 10th Mar 2024
- 1198 Views
GV Research Platform (GVRP), a major bio-pharma contract research organisation, has leased a 130,000-square-foot Hyderabad R&D facility from Rx Propellant, a life sciences infrastructure supplier. The 10-year, Rs. 162 crore agreement is India's biggest life sciences real estate deal.
- 10th Mar 2024
- 1177 Views