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January 2024

Is capital appreciation the key motivation for realty investors to buy property?

Is capital appreciation the key motivation for realty investors to buy property?

A member of the Parle Products' promoter family, Ambika Chauhan Aibara, recently bought two sea-facing luxury apartments in South Mumbai for over ₹47 crore. The two flats are located in a luxury real estate project K Raheja Modern Vivarea in Worli. Capital appreciation has overtaken lifestyle upgrade as the primary motivation for real estate investment, signaling the return of investors to...

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Sunteck Realty to launch luxury projects in Mumbai with a GDV of ₹3000 crore

Sunteck Realty to launch luxury projects in Mumbai with a GDV of ₹3000 crore

Listed real estate developer Sunteck Realty Limited, said on January 29 that it will develop two luxury housing projects in two of Mumbai's sought‐after locations, Nepean Sea Road in South Mumbai and Bullock Road, Bandstand in Bandra (West), with a Gross Development Value (GDV) of ₹3,000 crore, the company said in a regulatory filing. Sunteck Realty Limited, said on January 29 that it will...

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Real estate inventory worth ₹350 crore sold at CREDAI-MCHI expo

Real estate inventory worth ₹350 crore sold at CREDAI-MCHI expo

CREDAI MCHI Expo received more than 21,000 footfalls from serious home buyers and 185 housing units worth more than ₹350 crore were sold during the three-day exhibition which showcased properties by more than 75 developers in the Mumbai Metropolitan Region, the developers' body said in a statement. The CREDAI-MCHI team, in front of the e-registration section at the 31st CREDAI MCHI expo held...

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Tier-II cities emerge as new ground for flexible office operators

Tier-II cities emerge as new ground for flexible office operators

Flexible workspace operators are recognizing the real estate potential of Tier II markets and are rapidly expanding their presence, providing options for start-ups and established firms. Ahmedabad has the highest flex stock, with more than 0.5 mn. sq. ft as of September 2023, a report by CBRE titled The Office Sector’s Ascent: Tier-II Cities on the Horizon has said. The sectoral drivers of...

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India’s cities are transforming their waterfronts | Latest News Delhi

India’s cities are transforming their waterfronts | Latest News Delhi

New Delhi: Cities have had an intimate relationship with rivers throughout history, shaping their development, prosperity, and identity. Unfortunately, over the past several decades, the narrative surrounding rivers and lakes in India has been dominated by tales of pollution and degradation. Cities across the country are rediscovering the potential of their waterfronts, and transforming them...

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