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MMR Sees Significant 14% Drop in Unsold Apartment Inventory Over Six Years - ANAROCK Report
- Admin
- 25th May 2024
Over the previous six years, unsold flat stock in the Mumbai Metropolitan Region (MMR) has dropped 14%. On Thursday, ANAROCK Research said that unsold apartments fell from 2.23 lakh in the first quarter of 2018 to 1.93 lakh by March 2024.... read more
Daughter of Divi's Laboratories Founder Acquires INR 80 Crore Worth of Luxury Properties in Hyderabad
- Admin
- 25th May 2024
Nilima Prasad Divi, daughter of Divi's Laboratories founder Murali Divi, invested ₹80 crore in two prominent homes in Hyderabad's luxury real estate market.... read more
Nexus REIT Eyes Acquisition of Chennai's Iconic Marina Mall to Expand Portfolio
- Admin
- 25th May 2024
Nexus Select Trust, a major REIT, is in talks to buy Chennai's Marina Mall, which has about 600,000 square feet of retail space. Direct sources said Nexus Select Trust's growth plan included this substantial move.... read more
Mapletree Investments Acquires Prime 41-Acre Land in Bengaluru from Adarsh Developers for INR 1900 Crore
- Admin
- 25th May 2024
Mapletree Investments, a Singapore-based private equity organisation, bought a 41-acre Bengaluru property tract from Adarsh Developers. At over ₹1,900 crore, the acquisition is part of Adarsh Developers' debt reduction strategy. The site has 7 million square feet of development potential.... read more
Record Reduction - NCR Real Estate Market Reduces Unsold Inventory by 57% in Five Years
- Admin
- 25th May 2024
Unsold home inventory in the National Capital Region (NCR) has dropped 57% in five years. Unsold stock fell from 200,000 units in Q1 2018 to 86,420 units in Q1 2024, the greatest drop in the nation.... read more
Awfis Space Solutions IPO Fully Subscribed on Opening Day, Surpassing Expectations
- Admin
- 25th May 2024
On its first day, Awfis Space Solutions, a major office-sharing provider, received offers that exceeded twice the amount of shares available. Bids for 17.4 million shares above the 8.62 million available, according to BSE statistics.... read more
Sobha Group Targets INR 10,000 Crore Equity Capital and 5-Fold Sales Growth in Next Five Years
- Admin
- 25th May 2024
Sobha India, a subsidiary of the Dubai-based Sobha Group, wants to increase equity capital to ₹10,000 crore in the next five years. This ambitious goal will help the firm develop and enter new markets.... read more
Signature Global Buys INR 350 Cr Land in Gurugram for Luxurious Housing Project
- Admin
- 22nd May 2024
Signature Global, a real estate company, has purchased 14.65 acres of property in Gurugram for ₹350 crore to create a large housing complex as part of its development strategy. The corporation bought property in Sector 37D, near the fast-growing Dwarka Motorway.... read more
Dvok Buildcon Buys Prime 18-Acre Land in Gurugram for INR 310 Crore
- Admin
- 22nd May 2024
Dvok Buildcon, a property developer, purchased an 18-acre site in Gurugram area for ₹310 crore, according to CRE Matrix filings. Gurugram-based firm paid ₹21.72 crore for agricultural property near Manesar, including stamp duty.... read more
5 Factors That Make Indian Real Estate Super Hot Today
- Admin
- 22nd May 2024
GHAR examines 5 major elements fueling the Indian real estate rise, including market sentiment improvements and strong economic development.... read more
Sobha Group Plans Grand Entry into Mumbai's Luxury Housing Market
- Admin
- 21st May 2024
Real estate giant Sobha Group will affect Mumbai's luxury home market. The business plans to treble annual sales bookings to ₹30,000 crore in the next 4-5 years via an aggressive growth strategy.... read more
How Will The 3000 Crore Infrastructure Transformation Impact Mumbai's Future?
- Admin
- 20th May 2024
Mumbai will invest INR 3000 Crore in infrastructure in 2024 to close a two-decade development gap. Eight major road and rail projects will improve connectivity, travel times, and the city's worldwide competitiveness in this ambitious makeover.... read more
Why is Most Real Estate Construction Happening in Mumbai's Western Suburbs?
- Admin
- 20th May 2024
Mumbai's western suburbs are experiencing a real estate boom, with construction projects surging at an unprecedented rate.... read more
Are Mumbai's Slum Rehabilitation Plans Truly Helping Residents Realise Their Dream of Affordable Housing?
- Admin
- 19th May 2024
In Mumbai, where 40% live in slums, finding a house is difficult. Despite government pledges, many slum redevelopment programmes are unfinished or controversial. Example: Hari Nagar-Shivaji Nagar SRA Housing Society.... read more
Berger Paints Surpasses INR 10,000 Crore in Sales Milestone
- Admin
- 18th May 2024
Berger Paints India surpassed ₹10,000 crore in sales and ₹1,000 crore in profit to mark a landmark milestone in 2023-24.... read more
Certus Capital Commits INR 400 Crore to Indian Real Estate Projects
- Admin
- 18th May 2024
Certus Capital, an institutional real estate investment business, invested more than ₹400 crore in three real estate finance deals. The company plans to spend ₹1,000 crore via secured loan in fiscal year 2024-25.... read more
5 Brilliant Ways to Design Home Offices for Maximum Productivity
- Admin
- 18th May 2024
Imagine a location where business productivity and personal comfort merge to encourage and inspire you daily. A well-designed home office may improve attention, creativity, and workplace enjoyment. You may turn your house into a gorgeous and functional workstation with a few creative changes.... read more
Kiran Gems MD Acquires Luxury Apartment in Oberoi 360 West, Worli for INR 97 Crore
- Admin
- 18th May 2024
Kiran Gems' managing director, Mavjibhai Patel, bought a magnificent sea-view flat at Oberoi 360 West, situated in South Mumbai's affluent Worli neighbourhood, for over 97 crore. The transaction, recorded on April 29, included a stamp duty payment of almost ₹5.84 crore.... read more
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