Omaxe Group purchases 5 acres of land from RLDA in Ludhiana for Rs 220 crore
Omaxe Group, a prominent real estate developer in the NCR region, has successfully acquired over 5 acres of prime land at Gumar Mandi Fountain Chowk in Ludhiana. This acquisition was secured through a competitive bidding process conducted by the Rail…
Investors from Singapore make significant investments in office properties
As US investors adopt a more cautious approach to the expansive 700 million square feet Indian property market, Singaporean investors and property developers are seizing the opportunity presented by reduced competition and attractive deals. Rough calculations, based on their public…
Fractional ownership market in real estate surges to ₹4,000 crore.
The market for fractional ownership in real estate is on the rise, with assets under management reaching ₹4,000 crore, according to a report by TruBoard Partners, a technology-driven real asset management firm. Many private companies have established platforms for fractional…
Real Estate Surges as Preferred Investment Choice among young buyers
In the ever-evolving investment landscape, real estate has become the preferred choice for investors while gold, once a haven, is losing its luster. The Anarock Consumer Sentiment survey revealed that in the first half of 2023, over 60per cent of…
Flexible office space stock to rise 52 per cent by 2025 to 81 mn sq ft on strong demand from corporates
Flexible office space stock is estimated to rise 52 per cent by 2025 to 81 million square feet with operators expanding their business to tap rising demand, according to Vestian. Flexible office space operators currently have 53.4 million square feet…
In India, leasing by BFSI players surge two-fold at about 7 million sq feet since 2020 – Colliers
Foundational shifts across the banking and finance sector are presently underway, with a transformative focus on digital, workforce and Environment, Social and Governance (ESG) priorities, according to Colliers. Having invested significantly in technology, people and workplaces, banking and finance companies…
Sotheby’s International Realty to sell 19 ultra-luxury residences in Mumbai
India Sotheby’s International Realty, a leading luxury real estate transaction and advisory firm today announced the signing of an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences. These residences are ready with completion…
High Court Prohibits Tree Felling for House Construction Permits
The Delhi High Court has issued a stern directive, making it crystal clear that it will not grant permission to fell trees for the purpose of house construction. This decision reiterates what the court had previously emphasized on August 31…
Property registrations in Pune up by 99% y-o-y in August
Property registrations in Pune district saw a significant increase of 99% compared to last year in August. The total value of registered properties in August 2023 was Rs 10,613 crore. According to Knight Frank India, there were 13,021 property registrations…
How MahaRera Grading System will benefit homebuyers, developers
Embedded within the core of every Indian dwells a treasured aspiration – the aspiration of possessing a home. This aspiration defies financial constraints, shining as a guiding light for individuals from diverse backgrounds. As universally recognized, the real estate sector…