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MakeMyTrip founder Deep Kalra sells Gurgaon apartment to group CEO for ₹33 cr

MakeMyTrip founder Deep Kalra sells Gurgaon apartment to group CEO for ₹33 cr

Deep Kalra, founder and chairman of MakeMyTrip has sold an apartment in DLF Magnolias in Gurgaon to Rajesh Magow, co-founder and Group CEO, for ₹33 crore, documents accessed by CREMatrix, a real estate data analytics firm showed. Deep Kalra, founder and chairman of MakeMyTrip has sold an apartment in DLF Magnolias in Gurgaon to Rajesh Mago, co-founder and Group CEO Rajesh Magow for ₹33...

Year Ender 2023: PE investments in real estate decline by 44% to  bn

Year Ender 2023: PE investments in real estate decline by 44% to $3 bn

Private equity investments in Indian real estate declined by 44% to $3 billion (bn) in 2023. The distribution of PE investments during the year 2023 saw the office taking the lead with 58%, followed by warehousing at 23%, and residential properties at 19%. The retail sector did not witness any PE deal in 2023, Knight Frank India said in its report Trends in Private Equity Investments in India 2023....

Smartworks expects to touch 25 m sq ft across 14 cities in the next four to five

Smartworks expects to touch 25 m sq ft across 14 cities in the next four to five

Managed office space provider, Smartworks, is expected to touch 10 mn sq ft by the end of the financial year and hopes to increase its footprint to 25 mn sq ft by the next four to five years. Besides its diverse clientele, the company is looking at doubling its exposure to global capacity centre clients that currently occupy almost 14 percent of the total customer base, the company’s top official...

Year Ender 2023: Housing sales likely to touch 2.6 lakh units by end of 2023

Year Ender 2023: Housing sales likely to touch 2.6 lakh units by end of 2023

Despite an increase in home loan interest rates and rising housing prices, the overall sentiment in the domestic residential market remains positive on the back of robust demand with as many as 2.6 lakh housing units expected to be sold by the end of 2023, the highest number since 2008. The growth momentum is likely to continue in 2024 with sales likely to touch around 3 lakh units, JLL’s report...

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