August 2024

Gurugram surpassed home ground Bengaluru with over ₹850 crore in quarterly sales during the April-June period of FY25 to become the top performer for real estate developer Sobha Ltd. According to details cited in the company's investor presentation, over the next 6-8 quarters, Sobha Ltd is expected to launch three residential projects spanning a saleable area of 3.46 million square feet, alongside...

Fractional ownership platform hBits has launched a ₹63-crore commercial space in Pune. The asset spans across a chargeable area of 40,000 square feet and has been leased for a period of five years to a US listed multinational giant, the company’s statement said. Fractional ownership platform hBits launches ₹63-crore commercial space in Pune (Representational photo)(Pexels) The rental...

US-headquartered retail grocery chain Hy-Vee, Inc, has signed a 10-year lease for a 54,000- square feet office space in Karle Tech Park on the Outer Ring Road around North Bengaluru, the company said in a statement on August 12. The supermarket conglomerate had previously incorporated its global capability center, Helpful Smiles Technology Global, in a 25,000-square feet space in Manyata Tech Park...

Axis Commercial Real Estate Fund, a partnership between Axis Asset Management Company Limited (Axis AMC) and real estate developer Tishman Speyer, has acquired a 1.5-acre land parcel in Chennai's Fintech City, the company said in a statement on August 12. Axis-Tishman Speyer's commercial real estate fund acquires 1.5 acre land parcel in Chennai Fintech City (Representational photo)(Pexels)...

The Indian REITs Association (IRA), a non-profit trade organization that promotes the growth and development of the Real Estate Investment Trust (REIT) sector in India, said on August 12 that the recent claims made by the new Hindenburg Research suggesting that the REIT framework made by the markets regulator SEBI serves the interests of a select few are “baseless and misleading.”...

Bengaluru's rental housing market is infamous for many reasons, ranging from high rents and sharp rental hikes to enormous security deposits, shortage of options and eccentric demands made by landlords. 5 things tenants in Bengaluru want from their landlords (Representational photo)(Pexels) According to a report by property consultancy Anarock, Bengaluru recorded the highest rental yield...

Despite a significant jump in residential prices across the major cities, bigger homes continue to attract homebuyers. The average flat sizes in the top 7 cities grew by 32% in the last five years – from 1,145 sq. ft. in 2019 to 1,513 sq. ft. in H1 2024 with NCR witnessing the highest growth at 96% in average flat size in the last five years, a report by Anarock Research showed. NCR witnessed...

Godrej Properties Ltd on August 12 announced that it has acquired an around 90-acre land parcel in Khalapur - Raigad, Maharashtra which is estimated to have a development potential of approximately 1.7 million square feet of saleable area comprising primarily of residential plotted development. Godrej Properties Ltd on August 12 announced that it has acquired an around 90-acre land parcel in...

The Maharashtra Housing and Area Development Authority (MHADA) is set to tighten scrutiny on applicants of MHADA lottery 2024 who claim to be divorced. Maharashtra Housing and Area Development Authority (MHADA) is set to tighten scrutiny on applicants of MHADA lottery 2024 who claim to be divorced. (Picture for representational purposes only)(HT Files) According to MHADA officials, they are...

Hindenburg's new report has raised questions about the SEBI chairperson Madhabi Puri Buch promoting real estate investment trusts as a promising asset class without disclosing that her husband Dhaval Buch is now an adviser to Blackstone Inc, which has sponsored two of the four listed REITs in India. Hindenburg has raised questions about the SEBI chairperson Madhabi Puri Buchchair promoting real...