July 2024

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. Ltd said on July 4. Office leasing touched 32.8 mn. sq. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE (Representational photo)(Pexels) Bengaluru led office space...

London has been a preferred overseas real estate investment destination for high and ultra-high net worth individuals (HNIs/UHNIs) from India for decades. From industrialists and Bollywood celebrities historically, the clientele has over time expanded to also include Indians preferring to invest in London’s real estate market for their children pursuing higher studies in the city. Stable...

Office space market across the top eight cities in India recorded its highest ever transaction volume in a half yearly period at 34.7 million square feet (mn sq ft) in H1 2024. The transactions recorded a YoY growth of 33% in H1 2024 from 26.1 mn sq ft in H1 2023. This is expected to touch more than 70 mn sq ft by the end of the year on the back of renewed demand for office space from IT and ITeS...

Delhi-NCR-based real estate firm, Whiteland Corporation, signed an agreement on July 4 with Marriott International Inc to bring Westin Residences to Gurugram and will invest ₹5600 crore to develop the ultra luxury project. Whiteland Corporation to invest ₹5,600 crore to develop a branded residences project in Gurugram The total investment for the project is estimated to be around ₹5600...

Raymond Limited on July 4 announced that it will demerge the real estate business to explicit the growth potential of the real estate business and attract fresh investors to participate in the realty business, the company said. "This strategy to demerge the Real Estate business into a separate company that will be listed through automatic route is another step to enhance the shareholder value,"...

VP Nandakumar, Managing Director and Chief Executive of Kerala-based NBFC Manappuram Finance, has purchased a 4,500 square feet duplex apartment worth ₹41.25 crore in Mumbai, property registration documents shared by proptech unicorn NoBroker showed. VP Nandakumar, MD and CEO of Manappuram Finance has purchased a 4,500 square feet duplex property in Mumbai’s Bandra West locality for...

Jul 04, 2024 10:26 PM IST Mahindra Lifespaces bags a redevelopment project in Mumbai, acquires land in Bengaluru with a combined revenue potential of ₹2050 crore Listed real estate developer Mahindra Lifespace Developers Ltd on July 4 said that it has acquired a land in Bengaluru and bagged a redevelopment project in Mumbai comprising seven residential societies with a combined revenue...

Housing sales across top 30 Tier II cities increased 11% annually to nearly 2.08 lakh units during the last fiscal year on the back of high consumer demand driven by robust economic growth, infrastructure development and growing desire for home ownership, according to data analytics firm PropEquity. Housing sales across top 30 Tier II cities increased 11% annually to nearly 2.08 lakh units...

Jul 05, 2024 01:25 PM IST Fire breaks out at Logix Mall in Noida's Wave City Centre A fire broke out at Logix Mall at Wave City Centre in Noida on Friday morning. Fire breaks out at Logix Mall in Noida's Wave City Centre Four fire tenders are present on the scene to control the blaze. The fire erupted at the Adidas showroom located on the first floor of Logix Mall in Sector 32,...

Priyanjali Mariwala, who leads the ASCENT Foundation, a not-for-profit organization of Harsh Mariwala, chairman of Marico, has bought an apartment for ₹65.25 crore in Sunteck Signature Island, Bandra Kurla Complex, in Mumbai, documents accessed by Zapkey showed. Priyanjali Mariwala has bought an apartment for ₹65.25 crore in Sunteck Signature Island, (Representational photo)(Unsplash)...