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HT Real Estate News
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Bengaluru leads office leasing across top 8 cities in Q3 2024

Global capability centres drove office absorption with a 62% share during the quarter in Bengaluru; luxury homes grabbed the largest share of the housing market

Bengaluru leads office leasing across top 8 cities in Q3 2024; records second highest housing sales at 14,604 units (Representational photo)(Pixabay)
Published on Oct 04, 2024 12:11 PM IST

Housing sales up 5% at 87,000 units across top 8 cities in Jul-Sep

Mumbai registered the highest number of home sales during the three-month period at 24,222 units while sales grew the most in Kolkata at 14% with 4,309 units

Housing sales up 5% at 87,000 units across top 8 cities in Jul-Sep with Mumbai topping the list (Representational photo)(Pixabay)
Published on Oct 03, 2024 04:36 PM IST

Mumbai: MICL receives commencement certificate for a 1,200-crore project

MICL said that the Vile Parle housing project is spread over three acres and comprises 10 housing towers having a total carpet area of approx 3.5 lakh sq ft

Mumbai-based listed real estate firm Man Infraconstruction Limited (MICL Group) on October 1 said that it has received the commencement certificate (CC) for a luxury housing project in Vile Parle area of Mumbai(HT Files)
Published on Oct 02, 2024 07:42 PM IST

Office space leasing touches 53.43 million sq ft in Jan-Sep period: JLL

Bengaluru continues to lead with a 24.6% share of office leasing, followed by Delhi NCR with a 23.1% share, the report showed

Office space leasing for the Jan-Sep 2024 quarter across the top seven cities stood at 53.43 million sq ft, a report by JLL has said. (Representational photo)(Pixabay)
Published on Oct 02, 2024 07:07 PM IST

Institutional investment inflows into the realty sector touch $1.1 bn in Q3 2024

Office segment drove over half of the investments in Q3 2024, followed by residential with 33% share; Chennai and Mumbai attracted 57% of the inflows

Investment inflows of about $1.1 billion were registered in the third quarter of 2024 into the real estate sector, reflecting a 45% YoY growth, a report by Colliers has said. (Representational photo)(Pexels)
Published on Oct 02, 2024 06:19 PM IST

Maharashtra government revises stamp duty rates for select property transactions

State govt decides to revise stamp duty rates for select property transactions, approves acquisition of 255.9 acres of salt-pan land for Dharavi redevelopment

The Maharashtra government's cabinet on September 30 announced a revision in the stamp duty for selected property transactions and also made announcements with regard to the Dharavi redevelopment project (Representational photo)(HT Files)
Published on Oct 01, 2024 05:34 PM IST

Birla Estates sells housing properties worth 600 crore in Bengaluru

In the first phase of this project, Birla Estates had sold properties worth about ₹500 crore.

Birla Estates sells 95% of Bengaluru project in 24 hours clocking <span class='webrupee'>₹</span>600 crore in booking value (Representational photo)(Aniruddha Chowdhury/Mint)
Published on Oct 01, 2024 05:18 PM IST

Godrej Properties’ Board approves fund raise of up to 6,000 crore

Godrej Properties said the funds would be raised through the issuance of securities, including equity shares, debentures, or other eligible securities.

Godrej Properties’ Board approves fund raise of up to <span class='webrupee'>₹</span>6,000 crore via various routes (Representational photo)(HT file photo)
Published on Oct 01, 2024 05:03 PM IST

Flexible office stock expected to cross 100 mn sq ft-mark in two years

After Covid-19, Kolkata and Pune witnessed a rise of 238% and 219% respectively with regard to the average transaction size of flex office space

The flex office stock is expected to cross the 100 million sq ft mark in the next two years, accounting for 20% of the pan-India office inventory (Pixabay)(Pixabay)
Published on Oct 01, 2024 01:05 PM IST

Max Estates reports 4,100 crore in pre-sales from Gurugram project

Max Estates has revised its guidance for the total gross development value potential of the Gurugram project from ₹4,000 crore to ₹4,800 crore in FY25

Max Estates reports <span class='webrupee'>₹</span>4,100 crore in pre-sales from Gurgaon project within 30 days of launch (representational photo)(Max Estates Limited)
Published on Sep 30, 2024 11:00 PM IST

Housing inventory overhang at record low of 22 months in Q2 2024: Report

At the end of June 2024, unsold inventory across top eight cities stood at 9.26 lakh home units; positive sales momentum to continue in the festive season

Housing inventory overhang at historic low in Q2 2024; Ahmedabad, Delhi-NCR top performers (Representational photo)(Abhijit Bhatlekar/ Mint)
Published on Sep 30, 2024 08:34 PM IST

Five things you need to know about the Karnataka government's e-khata mandate

According to Karnataka government, the primary objective is to improve transparency in property registrations, reduce frauds and increase property tax revenue

Five things you need to know about the Karnataka government's e-khata mandate (Reprersentational photo)(Aniruddha Chowdhury/Mint)
Published on Sep 30, 2024 04:52 PM IST

TVS Emerald acquires 4-acre land parcel each in North Bengaluru, Chennai

The acquisitions have been made in high-demand residential markets of Thanisandra in North Bengaluru and Padur in Chennai

TVS Emerald acquires 4-acre land parcel each in North Bengaluru, Chennai with combined revenue potential of <span class='webrupee'>₹</span>900 crore (Representational photo)(IANS)
Published on Sep 30, 2024 11:49 AM IST

Karnataka’s draft GCC Policy: Here are five things you should know

Real estate experts have welcomed the draft document, stating that it is also likely to benefit cities beyond Bengaluru

Five key provisions set out in Karnataka’s draft GCC Policy (Representational photo)(Pexels)
Published on Sep 27, 2024 07:01 PM IST

Rudrabhishek Enterprises Ltd receives Sebi approval for small and medium REIT

Earlier this year, Property Share became the first fractional ownership platform to secure the license from Sebi under the name Property Share Investment Trust

Rudrabhishek Enterprises Ltd receives Sebi approval for small and medium REIT (Representational photo)(Pexels)
Published on Sep 26, 2024 06:45 PM IST

Century Real Estate sells luxury homes worth 450 crore in Bengaluru project

The project is spread over 8.5 acres in Indiranagar, Bengaluru, and will be launched in two phases

Century Real Estate sells luxury homes worth <span class='webrupee'>₹</span>450 crore during pre-launch of project in Bengaluru(Century Real Estate)
Published on Sep 26, 2024 05:34 PM IST

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024

Bengaluru and Hyderabad accounted for over half of the office leasing activity recorded during the June-September quarter of 2024, a report by Colliers said

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand (representational photo)(Pixabay)
Published on Sep 26, 2024 04:25 PM IST

Godrej Properties board to meet on October 1 to discuss fund raising

Godrej Properties said that its board will meet on Oct 1 to discuss the proposal to raise funds through the issue of securities

Godrej Properties on September 26 said that its board will meet on October 1, 2024, to consider a proposal to raise funds. (Picture for representational purposes only)(Abhijit Bhatlekar/ Mint)
Published on Sep 26, 2024 01:40 PM IST

Housing sales decline by 11% YoY across top seven cities in Q3 2024

India real estate: While major cities recorded an annual decline in fresh supply during Q3 2024, Delhi-NCR and Chennai saw 53% and 51% increase, respectively

Housing sales decline by 11% YoY across top seven cities in Q3 2024; Mumbai, Bengaluru lead supply (Representational photo)(Pixabay)
Published on Sep 26, 2024 12:55 PM IST

Flexible workspace occupancy levels over 80% across Indian cities: Report

Flex space operators have leased 7.17 msf in the first half of 2024, a 6% increase compared with H1 2023 , according to a report released by Knight Frank India

 Information Technology (IT) sector dominates the flex space industry, driven by the need for scalability, flexible lease terms, and a collaborative environment fostering innovation, particularly in tech hubs like Pune, Hyderabad, and Bengaluru. (Representational photo)(Pixabay)
Published on Sep 25, 2024 07:26 PM IST

Shriram Properties launches housing project in Chennai

Located in Thirumazhisai locality of Chennai, the project will comprise two- and three-bedroom housing units spanning a total saleable area of 1.1 mn sq ft

Shriram Properties launches housing project in Chennai with <span class='webrupee'>₹</span>550-600 crore revenue potential(Shriram Properties)
Published on Sep 25, 2024 05:31 PM IST

Mt. K Kapital raises over 500 crore for maiden fund, invests in five projects

Funds worth more than ₹300 crore, raised so far, have already been committed towards five projects in Mumbai

Mt. K Kapital on September 25 announced a raise of over <span class='webrupee'>₹</span>500 crore for its maiden fund (Mt. K Resi Development Fund Category II SEBI registered Alternative Investment Fund(HT Files)
Published on Sep 25, 2024 04:52 PM IST

'Home search records a 10% surge as festive season kicks in, 2BHK most searched'

Delhi-NCR leads online property searches, with a notable preference for 3BHK apartments priced between ₹50 lakh and ₹2 crore

Ahead of the festive season in India, online home search has increased by 10% wherein 2 BHK apartments remain to be the most search configuration followed by Delhi-NCR leading the online search among top cities(Abhijit Bhatlekar/ Mint)
Published on Sep 25, 2024 03:42 PM IST

Co-working firm 91Springboard leases 48,000-sq ft office space in Hyderabad

This marks the flexible office space provider's third centre in Hyderabad taking it's overall footprint in the southern city to 1,40,000 square feet

Co-working firm 91Springboard leases 48,000-square feet office space in Hyderabad(91Springboard)
Published on Sep 25, 2024 02:57 PM IST

India to add 30 million square feet of shopping mall space by 2027-end

The built shopping mall stock across the top six cities in India crossed the 100 million square feet milestone in H1 2024, led by Delhi-NCR and Bengaluru

India is expected to add 30 million square feet of shopping mall space by 2027-end; cross double-century mark by 2036 (Representational photo)(Reuters)
Published on Sep 25, 2024 10:56 AM IST

Mindspace Business Parks REIT partners with PDG for data centres near Mumbai

Under this new agreement, Mindspace REIT will develop three built-to-suit data centers, adding a further one million sq ft to its portfolio

Mindspace Business Parks REIT on September 25 announced that it has entered into a strategic partnership with Princeton Digital Group (‘PDG’), a global leader in data center operations, to develop PDG’s flagship and largest data center campus in India (Picture for representational purposes only)(HT Files)
Published on Sep 25, 2024 10:04 AM IST

Could not enter own house in 2010 as project had not received OC: Piyush Goyal

Piyush Goyal tells the builder community at Credai-NATCON in Sydney that he could not 'enter his own home' in 2010 in the absence of an occupation certificate.

Commerce and Industry Minister Piyush Goyal speaking at the Credai-NATCON event in Sydney on September 24(Credai National)
Published on Sep 24, 2024 04:09 PM IST

Prestige Group targets 1,100 crore from new housing project in Bengaluru

Bengaluru real estate: Spread across 9 acres of land in East Bengaluru’s Whitefield locality, the project will comprise a total of 316 residences in four towers

Prestige Group targets <span class='webrupee'>₹</span>1,100 crore from new housing project in Bengaluru (Representational photo)(IANS)
Published on Sep 24, 2024 10:10 AM IST

Manoj Saunik a journalist turned IAS officer is now new MahaRERA chairman

Manoj Saunik replaces Ajoy Mehta as the chairman of MahaRERA. Mehta vacated the post of MahaRERA chairman on September 20 that he took charge in February 2021

Manoj Saunik, former chief secretary (CS) of Maharashtra and a former journalist, took charge as the Chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA)(MahaRERA)
Published on Sep 23, 2024 10:31 AM IST

Housing sales may decline by 18% in July-Sep annually across nine cities

Housing sales fell to 1,04,393 units in Q3 CY2024 from 1,26,848 units in the same period last year, PropEquity data showed

New housing launches and sales in the July-September quarter of 2024 are expected to decline by 11% and 18% respectively across the top nine cities, according to data shared by real estate analytics firm PropEquity. (Sunil Ghosh/HT Photo)
Published on Sep 20, 2024 08:51 PM IST
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