January 2024

Institutional investments from domestic investors in real estate double in 2023

Institutional investments from domestic investors in real estate double in 2023

Institutional investments in real estate from domestic investors more than doubled to $1.5 billion in 2023, showcasing a 120% increase in terms of value over the previous year but the share of foreign investors shrunk over the previous year on account of global headwinds, a report by Vestian has said. Commercial assets (office, retail, co-working, and hospitality projects) turned out to be the...

Nuvama Asset Management, Cushman & Wakefield form JV to set up real estate fund

Nuvama Asset Management, Cushman & Wakefield form JV to set up real estate fund

Nuvama Asset Management, the alternatives-focused asset management arm of Nuvama Wealth Management Ltd, and Cushman & Wakefield, a global commercial real estate services firm, on Jan 10 announced the formation of a new 50:50 joint venture entity, Nuvama and Cushman & Wakefield Management Private Limited, that aims to raise ₹3000 crore to invest in prime commercial properties across the...

Tribeca Developers raises ₹200 crore from HDFC Capital for luxury project

Tribeca Developers raises ₹200 crore from HDFC Capital for luxury project

Real estate firm Tribeca Developers, known for bringing the Trump Towers brand to India, has entered into an agreement with the Tejukaya Group to develop a luxury residential project in Parel, South Mumbai, and has raised ₹200 crore from HDFC Capital for the project, the company said. Real estate firm Tribeca Developers, known for bringing the Trump Towers brand to India, has entered into an...

Real Estate Update: 2.71 lakh housing units sold across top seven cities in 2023

Real Estate Update: 2.71 lakh housing units sold across top seven cities in 2023

India's top seven residential markets continued their bull run in 2023 with housing sales increasing by 26% on a year-on-year basis to touch 2.71 lakh units. Tech-driven cities such Pune, Chennai, Bengaluru, and Hyderabad witnessed increased sales compared to the previous year, a report by JLL said on January 10. As many as 2.71 lakh housing units were sold across the top seven cities of India...

Ram Mandir event: 3 things to remember if you want to buy property in Ayodhya

Ram Mandir event: 3 things to remember if you want to buy property in Ayodhya

With a few days left for the Ram Mandir’s inauguration in Ayodhya, the town is witnessing huge interest among real estate investors, hotel players and even senior citizens who wish to invest in property in the religious destination. Representative image of the Ram Mandir being constructed in Ayodhya, Uttar Pradesh (File Photo)(File Photo) The date for the consecration ceremony of Ayodhya's...

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