JLL reports 56 Joint Development Agreements (JDAs) signed between landowners & developers in India, covering 1,546 acres, with 97% for residential projects, from Jan 2023 to Jun 2024.
Signature Global plans to complete 28 projects in Gurgaon and Sohna by 2026, targeting revenue of Rs 11,000 crore from affordable and mid-segment units.
Maharashtra extends real estate incentives until August 2021, offering concessional premiums to developers for residential and commercial projects in Mumbai.
Haryana CM directed a status check on licensed residential and commercial projects amidst rising complaints against developers. The government reviews Unitech's projects and duties.
Omaxe promoters raised Rs 250 crore via Offer for Sale (OFS) to boost growth and meet SEBI's public shareholding norms. The company also announced a bonus share issue.
Godrej Properties reported a 5% rise in net profit to ₹34.25 crore in Q2, primarily due to increased tax expenses, despite a 33% jump in total revenue.
Guwahati's real estate market is witnessing a significant boom, with rising demand for residential and commercial projects amid an economic revival in Northeast India.
Godrej Properties plans to raise ₹700 Cr through a rights issue to fund new and ongoing projects across key Indian cities. The company aims for growth despite previous market sluggishness.
Valmark Group, a Bangalore-based real estate company, is considering raising a private equity real estate (PERE) fund of ₹125 Cr focused on Bangalore's realty market.
Bangalore and Mumbai dominate private equity real estate investments in India, attracting over 84% of total funding, while Delhi's contributions remain primarily theoretical.
The Indian Property Show in Doha anticipates 5,000 attendees. Showcasing 200 projects from 50 top developers, NRIs can explore diverse housing options, from affordable to luxury, connecting directly with industry experts.
India holds the 20th position in global real estate investment, with $3.4 billion received last year, signaling potential growth in 2013.
Godrej Properties and Jet Airways are partnering on a 1.3 million sq ft commercial project in Mumbai's Bandra Kurla Complex. The project, Godrej BKC, is expected to generate Rs. 3,500-4,000 crore.
Embassy Group in talks with JP Morgan for Rs.500 Cr real estate fund for two Bangalore projects.
Indian real estate anticipates recovery from a slow 2012, fueled by retail FDI policy. Increased demand for retail spaces is expected to drive construction and boost commercial real estate.
The Competition Commission of India (CCI) is probing five real estate firms, including DLF, for alleged anti-competitive practices, with DLF already facing a hefty fine.
Bollywood superstar Shahrukh Khan has become the brand ambassador for NCR-based real estate developer Mahagun, marking his first endorsement in the real estate sector.
Gurgaon farmers allege land grabbing by real estate developers with the consent of the Authority. They claim that government urbanization plans are meant to benefit developers, not farmers.
Godrej Properties experienced its worst quarterly performance since 2010, reporting a drop in profit and subdued sales, but management remains optimistic about future growth.
Noida Extension: Emerging Hub with Prime Location, Connectivity, and Affordable Housing
Commercial real estate faces dwindling demand, impacting lending. Oversupply and low occupancy rates make banks cautious, impacting developers seeking funding.
Shivalik Group, a leading real estate firm in Gujarat, aims for global expansion while maintaining strict quality in its projects and relationships.
Major Indian real estate firms like DLF, Unitech, Omaxe, and Parsvnath are under pressure from buyers and investors who seek refunds due to delayed or stalled projects.
DLF seeks refund of Rs 235 crore license fees from Haryana government for various projects in Gurgaon to boost cash reserves.
Amidst lending reluctance from banks, real estate developers are turning to lease discounting for ongoing commercial projects, providing banks with guaranteed cash flow and a safer lending option.