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Surge in NRI Investment Boosts Indian Real Estate Market

The participation of Non-resident Indians (NRIs) in India’s residential real estate market has seen a significant rise, now accounting for nearly a quarter of the total sales among large developers, up from just 7-10% prior to the pandemic.

By Admin

  • 26th Apr 2024
  • 1130 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
  • 1131 Views
Resilient Home Sales in India Defy High Interest Rates and Rising Prices

The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

By Admin

  • 21st Apr 2024
  • 1144 Views
Mumbai Luxury Real Estate Market Moves Higher as Wellknown Polyesters' Chairman Buys Lodha Malabar Property

Wellknown Polyesters Chairman Anil Gupta bought two luxury properties in South Mumbai's Malabar Hill region, influencing the luxury real estate market. The home sale, worth over INR 270 crore, established a new Indian residential property sales record at INR 1.41 lakh per square foot.

By Admin

  • 21st Apr 2024
  • 1137 Views
Purvarang Society at Mulund Sets An Example in Self-Redevelopment

Mulund's Purvarang Society encouraged self-redevelopment out of fear of fraud, an encouraging gesture. This bold move resulted in the destruction of their old building and a lavish groundbreaking ceremony.

By Admin

  • 12th Apr 2024
  • 1176 Views
Bangalore Based Puravankara Sets a New Benchmark With a Record-Breaking INR 5914 Crore Sales in FY24

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.

By Admin

  • 7th Apr 2024
  • 1171 Views
2024: A Record-Breaking Year for Indian Residential Real Estate Market

The Indian housing market hit a new milestone in FY24, with sales reaching an all-time high over the past decade. A remarkable 5 lakh units were sold, marking a significant leap in the demand for homes.

By Admin

  • 31st Mar 2024
  • 1129 Views
In a First, MahaRERA Orders Cancellation of Sale Agreements Due to Non-Payment by Homebuyers

Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the termination of sale agreements between a developer and purchasers who missed payment deadlines in an unprecedented action.

By Admin

  • 23rd Mar 2024
  • 1181 Views
DLF Strikes Mega Chennai Land Deal with Cholamandalam Finance for Rs 735 Crore

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.

By Admin

  • 17th Mar 2024
  • 1192 Views
Maharashtra Govt Buys Iconic Air India Building at Record Price of INR 1601 Crore

Maharashtra buys the famous Air India building at Nariman Point, Mumbai, for INR 1,601 crore. New state development and strategic planning begin with this historic purchase.

By Admin

  • 15th Mar 2024
  • 1180 Views
Signature Global Achieves Remarkable Sales of Over 1,000 Luxury Apartments in Gurugram

Signature Global, a prominent real estate developer listed on the stock exchange, has announced a major sales achievement with the disposal of over 1,000 luxury flats in its newest residential project 'DE LUXE-DXP', situated near the Dwarka Expressway in Gurugram, for a total exceeding Rs 3,600 cror

By Admin

  • 7th Mar 2024
  • 1186 Views
Tata Housing Raagam Phase I in Bengaluru Sold Out Successfully

In one week after opening, Tata Housing sold out Raagam Phase 1, earning over Rs 650 crores. This amazing sale of 576 plots encompassing 9 lakh square feet shows Bengaluru's significant demand for luxury residential areas.

By Admin

  • 24th Feb 2024
  • 1174 Views
Bhive Pioneers New Era in Bengaluru Commercial Real Estate Investment

Bhive Properties, renowned for operating the acclaimed coworking brand BHIVE Workspace, has unveiled its groundbreaking venture into the sale of premium commercial real estate.

By Admin

  • 12th Feb 2024
  • 1201 Views
Mumbai Real Estate 2024 - Setting the Stage for Continued Growth Post 2023 Success

The Mumbai real estate market in 2023 has survived global economic storms and reached unprecedented heights, signifying a turning point. A strong economy, growing disposable incomes, a tendency towards bigger living spaces have laid the groundwork for Mumbai real estate in 2024.

By Admin

  • 27th Jan 2024
  • 1179 Views
Bengaluru Based Prestige Group Registers a Whopping 111 per cent Sales Growth in Q3 FY24

In the third quarter of fiscal year 24, Bengaluru-based real estate developer The Prestige Group earned Rs 5,326.1 crore. Over the last year, growth has been 111%. A January 9 regulatory filing indicated a 5.46 million-square-foot construction.

By Admin

  • 11th Jan 2024
  • 1178 Views
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