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.
Developers in Mumbai are slashing prices for new launches by up to 15% to stimulate home sales amid sluggish market conditions, aiming to attract buyers.
Mumbai's residential property prices have increased by 2.9% to Rs. 11,626 per sq. ft. However, property sales have slowed down, with only a marginal increase of 1%.
Soaring property prices deter buyers, leaving developers with unsold inventory and financial struggles. Major cities face declining sales, impacting developers like Mantri Realty.
Vasundhara Enclave in Delhi-NCR has the potential to attract end-users but is facing weak demand for housing units. Property prices are stable with low demand.
Vacancy rates in Indian shopping malls are on the rise, particularly in Delhi-NCR and Mumbai. Experts attribute this to an oversupply and mismatch with demand.
Sanofi India acquires 150,000 sq. ft. of office space in Powai, Mumbai, planning to shift their headquarters from Andheri to this new location worth Rs.220 Cr.
Home sales, particularly new launches, experienced growth between January and March, spurred by developer discounts. Bangalore and Mumbai saw improved sales.
Rajkot's real estate market is rapidly growing in Gujarat, with consistent property value appreciation. Demand for 2 BHK units and luxury homes is on the rise.
Commercial real estate faces challenges due to a decline in office space absorption by IT firms across India's top eight cities. This slowdown impacts both demand and supply.
Chennai sees increased demand for resale homes, narrowing the price gap between new and resale properties partially driven by location, connectivity, and amenities.
The Union Budget 2013-14 provided minimal direct support to the real estate sector, addressing affordable housing slightly and impacting the luxury segment negatively.
Tier-2 cities in India drive growth through stabilized domestic demand for residential and commercial properties.
Union government may confer infrastructure status to housing sector in upcoming budget, aiming to provide affordable homes and boost supply.
Corporates are relocating their headquarters to larger offices as rental prices decline in major cities like Bangalore and Mumbai, seeking better amenities.
A sluggish real estate market has delayed multiplex construction, impacting Bollywood's revenue. Approximately 150 multiplexes are delayed, affecting potential earnings for films. More multiplexes are needed.
The real estate bill is expected to pass in the upcoming parliament session, protecting buyers from unethical builders.
Morgan Stanley is considering investing in a 1.6 million sq ft office space development in Mumbai's Bandra Kurla Complex, marking their first commercial sector investment in India.
Indian real estate players anticipate the Finance Minister's budget to lower construction finance costs, boost the sector, enable affordable housing, and expedite project clearances.
The construction of a 22 Km link road connecting Ghaziabad and Greater Noida is expected to enhance real estate growth and property values in the Ghaziabad area.
Blackstone anticipates a substantial profit of approximately ₹210 Cr from its joint venture with Embassy Property Developments in Bangalore, marking a significant Indian real estate investment.
A recent RTI reveal indicates Vadodara has over 1 lakh vacant properties, prompting debate among real estate experts and authorities about the figures' accuracy.
Foreign investors are poised to inject $4-5 billion into the Indian real estate market, focusing on Bangalore, Delhi, and Mumbai, according to Jones Lang LaSalle.
Koramangala in Bangalore is expected to give investors higher returns. Due to limited availability of vacant spaces and high demand, property prices are expected to increase.
The real estate market shows a steady increase in cash flows, which offers builders hope to pay off their debts. The sector is revised from 'negative' to 'stable.'