The Munjal family, renowned for Hero Honda, is diversifying into real estate with plans for townships, industrial parks, hotels, and resorts across India. Initial investments will be family-funded, with external interest from investors and private equity.
Greater Noida Industrial Development Authority has significantly increased land rates across all categories, with residential rates seeing a hike of over 70 percent.
BCCL invests ₹60 crore in Mantri Realty for new projects and infrastructure expansion, including a ₹2,400 crore power plant near Nagpur.
One-BHK apartments in Ranchi have failed to attract buyers, prompting developers to shift focus towards larger two-BHK and three-BHK units due to lower property rates compared to other major cities.
The real estate sector is evolving, with a new trend of using celebrity names to brand properties, attracting high-end clients but possibly alienating the middle class.
GIC Real Estate plans to expand its investments in India, focusing on private equity deals and a joint venture in the hospitality sector, driving potential growth.
Emaar MGF and Marriott International Inc. partner for four hotels in India, totaling 912 rooms and a $400 million investment, slated for completion by 2010.
Damac Properties partners with 60 agents across India to promote its luxury real estate offerings, promising extensive training for its agents.
A recent AFIRE survey reveals India ranks highly among foreign real estate investors, with JP Morgan planning a substantial investment in the sector.
DLF Ltd plans to invest $5 billion over seven years to build 125 hotels in India, addressing a significant shortfall in tourism accommodation as demand rises.
Noida Authority invites bids for nine hotels near the Taj-Agra Expressway, reflecting growing demand in the NCR region for hospitality and retail properties.
Realty giants are embracing the affordable housing sector, launching low-cost residential projects targeting small and mid-income buyers in various Indian cities.
Indian real estate tycoons, including DLF's KP Singh and Unitech's R. Chandra, have experienced significant wealth reduction due to the recent stock market decline.
Real estate speculation declines in Delhi-NCR due to price stabilization, impacting developer sales and project timelines.
SEBI is considering the introduction of REITs in India, following other financial reforms, according to Chairman C. B. Bhave at a conference in Singapore.
PropertyWala.com launches, offering free property advertising services. Its comprehensive platform facilitates property sales and rentals across India, featuring video tours, map integrations, and user-friendly interface.
Vishal Retail is venturing into real estate, aiming to acquire 1 crore sq ft in 3 years for retail expansion and new projects. The initiative is expected to launch later this year or early next year.
BPTP secures a 95-acre commercial plot in Noida for Rs 5006 crore, signaling robust real estate activity and positioning Noida as a competitive office space alternative.
The "Exclusive Goa Property Show" in Delhi sparked controversy after designer Wendell Rodricks declined to open it, voicing concerns about overdevelopment and the selling of Goan land by outside developers.
Omaxe has delayed its Rs 1,500 crore private placement amid market instability, following similar actions by Unitech and Emaar MGF, with no immediate impact on earnings expected.
The Pune construction industry faces significant setbacks due to migrant worker exodus, leading to delays and increased costs for buyers, as builders invoke force majeure clauses.
DLF plans to invest Rs 4,100 crore, including Rs 200 crore for an asset management firm, expanding its real estate portfolio significantly.
India's 2024 budget lacks major direct real estate tax changes, but personal income tax cuts may indirectly boost housing demand. The awaited REIT clarification and tax holiday for developers didn't materialize.
IDEB is expanding its construction and hospitality services across major Indian cities, including plans for a new hotel in Bangalore.
Haryana Urban Development Authority plans new sectors in 12 cities, offering residential plots and concessions for ex-servicemen, boosting infrastructure with hospitals and petrol pumps.