2024

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...

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...

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...

Can Indian real estate market face a crisis like China’s Evergrande?

Can Indian real estate market face a crisis like China’s Evergrande?

A Hong Kong court on January 29 ordered the liquidation of embattled Chinese real estate giant Evergrande, a move that is likely to impact China’s financial system and the confidence of global investors. Here’s a look at how the Indian real estate market has come a long way since the non-banking financial companies (NBFCs) crisis triggered by the collapse of Infrastructure Leasing & Financial...

China’s top-selling to world’s most indebted developer: The Evergrande crisis

China’s top-selling to world’s most indebted developer: The Evergrande crisis

A Hong Kong court ordered the liquidation of China Evergrande Group on Monday. The Evergrande Group headquarters logo is seen in Shenzhen in southern China's Guangdong province,(AP) Evergrande is the world's most indebted real estate developer and has been at the centre of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the world's...

Court orders China Evergrande property developer to liquidate | World News

Court orders China Evergrande property developer to liquidate | World News

HONG KONG (AP) — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. FILE - The Evergrande Group headquarters logo is seen in Shenzhen in southern China's Guangdong province, Friday, Sept. 24, 2021. Chinese property developer China Evergrande Group on Monday, Jan. 29, 2024 was ordered to...

Average flat sizes in top seven cities rise by 11% in 2023

Average flat sizes in top seven cities rise by 11% in 2023

The average apartment sizes in the top seven cities have grown by 11% annually last year – from 1,175 sq ft in 2022 to 1,300 sq ft in 2023 on the back of increasing demand for bigger homes, data shared by Anarock Research showed. The average apartment sizes in the top seven cities have grown by 11% annually last year – from 1,175 sq ft in 2022 to 1,300 sq ft in 2023 on the back of...

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