Construction

Demand for Grade A offices forecast to return to pre-pandemic levels in 2024

Demand for Grade A offices forecast to return to pre-pandemic levels in 2024

Demand for Grade A offices is forecast to return to pre-pandemic levels in 2024, but record levels of new supply will cause vacancy rates to also tick upwards, according to an analysis by Cushman & Wakefield. Demand for Grade A offices is forecast to return to pre-pandemic levels in 2024, but record levels of new supply will cause vacancy rates to also tick upwards,(Pixabay) Also Read:...

Strong urban consumption to drive up rental income of mall operators by 9-10%

Strong urban consumption to drive up rental income of mall operators by 9-10%

The rental income for mall operators is expected to grow by 9-10% YoY in FY2024 and 8-9% in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations, according to an analysis by ICRA. The total grade A retail mall supply for the top six markets stood at around 105 million square feet (msf) as on September 30, 2023, and is expected to increase to...

M3M India to invest close to ₹1200 crore for developing a township in Haryana

M3M India to invest close to ₹1200 crore for developing a township in Haryana

Delhi-NCR based real estate developer M3M India on December 13 said that it will be investing close to ₹1200 crore for developing a 333-acre township in Panipat, Haryana, and is targeting ₹5000 crore in revenue from it. M3M India on December 13 said that it will be investing close to ₹1200 crore for developing a 333-acre township in Panipat, Haryana The company said that it has received...

Suraj Estate Developers IPO to open on December 18

Suraj Estate Developers IPO to open on December 18

Mumbai-based realtor Suraj Estate Developers Limited’s will launch its maiden Initial Public Offering on December 18 at a price band between ₹340 to ₹360 per equity share. The issue will close on December 20. Suraj Estate Developers on Wednesday said it has fixed the price band of ₹340 to ₹360 per share for its initial public offering (IPO). The initial share sale will open for public...

House of Abhinandan Lodha invests ₹300 crore for a 25-acre land in Ayodhya

House of Abhinandan Lodha invests ₹300 crore for a 25-acre land in Ayodhya

Mumbai-based real estate developer, The House of Abhinandan Lodha (HOABL), has invested close to ₹300 crore for acquiring a 25-acre land parcel in Ayodhya and plans to launch a plotted development project in January 2024, a top official of the company told HT Digital. Ram ki Paidi on the banks of the Saryu River in Ayodhya.(HOABL) "The project is located around 12 to 15 minutes away from...

Adar Poonawalla strikes a deal to buy London’s most expensive house of the year

Adar Poonawalla strikes a deal to buy London’s most expensive house of the year

Adar Poonawalla, CEO of Serum Institute of India that manufactures the Covishield vaccine, has closed a deal to buy London’s most expensive house of the year worth approximately ₹1446 crore, according to a report in Financial Times. Adar Poonawalla, chief executive officer of Serum Institute of India (SII). (HT Photo) He has agreed to pay the amount for a 25,000 square foot Mayfair...

Planning to buy a property in Ayodhya? Here’s what you should know

Planning to buy a property in Ayodhya? Here’s what you should know

With the Ram Mandir’s inauguration in Ayodhya fast approaching, the once ‘sleepy town’ is experiencing a real estate boom. Real estate brokers say that with several investors from across the country and even overseas chasing fewer land parcels, land prices have hit the roof—in some cases four to 10 times the prices prevalent only four to five years ago. Ram temple in Ayodhya is nearing...

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