Construction

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...

Blackstone sells its entire stake in Embassy REIT for ₹7,100 crore

Blackstone sells its entire stake in Embassy REIT for ₹7,100 crore

Global investment firm Blackstone on Wednesday sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around ₹7,100 crore, according to sources. Global investment firm Blackstone on Wednesday sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around ₹7,100 crore, according to sources.(REUTERS) Embassy Office Parks REIT is India's first Real Estate...

Inventory worth over ₹1400 cr sold in newly launched projects in Haryana: DLF

Inventory worth over ₹1400 cr sold in newly launched projects in Haryana: DLF

Real estate major DLF said on December 20 that it has sold commercial units in its newly launched shops-cum-offices (SCO) project in Gurgaon and independent floors project in Panchkula for more than ₹1400 crore on the back of increased demand from property investors. Real estate major DLF said on December 20 that it has sold commercial units in its newly launched shops-cum-offices (SCO)...

Relief for homebuyers as UP eases steps to register stuck flats in Noida

Relief for homebuyers as UP eases steps to register stuck flats in Noida

The Uttar Pradesh government on Tuesday waived off penalties and slashed the interest applied on dues by real estate developers, paving the way for potentially hundreds of thousands of homebuyers to be able to register properties in their name. While a large part of these stuck units are simply unfinished, many of these are where the builder has completed projects but has not settled land dues...

UP govt approves Amitabh Kant Committee proposals; Real estate sector lauds move

UP govt approves Amitabh Kant Committee proposals; Real estate sector lauds move

The Uttar Pradesh Cabinet on December 19 approved the recommendations of Amitabh Kant committee on delayed real estate projects, bringing relief to lakhs of aggrieved homebuyers who have been waiting to receive possession of their homes, some of which are stuck for more than a decade. The Uttar Pradesh Cabinet on December 19 approved the recommendations of Amitabh Kant committee on delayed real...

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