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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.
- 26th Apr 2024
- 1130 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
- 1131 Views
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.
- 21st Apr 2024
- 1144 Views
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.
- 21st Apr 2024
- 1137 Views
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.
- 12th Apr 2024
- 1176 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
- 1170 Views
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.
- 31st Mar 2024
- 1129 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
- 1192 Views
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
- 7th Mar 2024
- 1186 Views
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.
- 27th Jan 2024
- 1179 Views
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.
- 11th Jan 2024
- 1178 Views
Godrej Properties Ltd. bought a 4-acre Bengaluru plot. The business aims to build a luxury housing estate on this property, selling apartments for Rs 1,000 crore.
- 9th Jan 2024
- 1216 Views
In nine months, DLF, India's top real estate developer, met its FY24 bookings estimate. On the heels of a successful 7,200 crore flat sale in their newest project, DLF Privana South in Gurugram's Sectors 76 and 77.
- 8th Jan 2024
- 1205 Views
Homebuyers are encouraged by rising house affordability in key Indian cities. The percentage of income needed to pay monthly home loan payments has reduced despite rising mortgage rates over the last year.
- 29th Dec 2023
- 1216 Views
A cash flow surplus helped Mumbai-based Sunteck Realty reduce its net debt. This excess, mostly from Satguru Infocorp Services and Starlight Systems' 60 lakh share sales, would be used to accelerate the company's commercial activities.
- 22nd Dec 2023
- 1206 Views