REAL ESTATE SECTOR
Arnya Realestates to raise Rs 1,000-cr debt fund to invest in top 8 realty markets
Arnya Realestates Fund Advisors plans to raise over Rs 1,000 crore through its first real estate debt fund, targeting India's top eight property markets. The fund has already secured Rs 375 crore in commitments and aims to invest in early-stage residential projects. It seeks to generate returns of over 20% by leveraging market expertise and strategic relationships.
Signature Global awards Rs 1,144 crore construction contract to Ahluwalia Contracts
Signature Global has awarded a Rs 1144 crore construction contract to Ahluwalia Contracts for its premium residential project, De-luxe DXP, in Gurugram. The project achieved a record pre-sale of over Rs 3600 crore. Spread over 16.65 acres, it will feature 1008 units and include amenities like clubhouses, swimming pools, and high-street retail space.
Over 80% occupiers plan to expand through flex spaces in the next 3-5 years
The adoption of flexible office spaces is on the rise, particularly among multinational companies, with a projected 3-4 times increase by 2030. A Colliers report reveals that over 80% of occupiers plan to expand their office portfolios using flex spaces, driven by benefits like cost management and improved productivity. The trend is expected to redefine Grade A office space demand in India.
India's SM-REITs market is expected to surpass $60 billion by 2026, backed by over 350 mn sq ft of completed commercial office space
India's SM REITs market is expected to exceed $60 billion by 2026, with Mumbai leading in potential completed stock. The new framework aims to enhance transparency and investor protection, offering steady returns. This development aligns with recent tax reforms, making SM REITs a more attractive investment option.
Noida Authority’s proposal to increase FAR will help real estate sector: Developers
The Noida Authority's proposed amendments to building by-laws aim to increase the Floor Area Ratio (FAR), which will boost both commercial and residential growth. This change, part of the Noida Master Plan-2031, will allow for more units within the same land area, promoting efficient land use and accommodating a growing population.
CapitaLand looks to double India investments in 4 years
CapitaLand Investment, a Singapore-based global institutional investor, plans to more than double its funds under management in India by 2028 from S$7.4 billion. The company aims to diversify into real estate private credit and renewable energy, while also expanding its data centre market presence with new developments in major Indian cities.
Singapore real estate giant CapitaLand to expand Indian portfolio to more than $14.8 billion by 2028
Singapore's CapitaLand, a leading real estate conglomerate, aims to significantly boost its investments in India, planning to increase its funds under management to over S$14.8 billion (INR 90,280 Cr) by 2028. Singapore's envoy to India, Simon Won, highlighted and praised this ambitious expansion on social media platform X.
Landmark Group to invest Rs 4,200 crore in two years in real estate projects
Gurugram-based Landmark Group will invest Rs 4200 crore in developing luxury, retail, and commercial projects in micro-markets like Dwarka Expressway and New Gurgaon. The company has two ongoing projects in Gurugram with significant revenue expectations. Landmark aims to meet increasing demand in the region with its new ventures.
Mumbai housing sales value likely to surpass Rs 2 lakh crore mark by 2030: JLL
Mumbai's housing market is projected to reach Rs 2 lakh crore by 2030, driven by infrastructure developments and increasing sales, according to JLL India report. By 2024, residential sales value is expected to hit a record Rs 1.35 lakh crore. Enhanced connectivity in areas like Navi Mumbai and Thane is boosting launches and sales.
Regulations, data quality makes India top global improver in realty transparency
India is leading the global front in enhancing transparency, with expanded data coverage and improved data quality across various property sectors. The country is now ranked among the top ten global improvers and was the most improved in Asia Pacific in the 2024 rankings.
Naredco urges housing ministry to provide relief to real estate developers in NCR
NAREDCO appealed to the Ministry of Housing and Urban Affairs for rescheduling builders' land dues in Haryana and Uttar Pradesh. They requested a zero-period during COVID-19 years and extensions for project completions. The committee identified stalled projects and stressed units, emphasizing the need for relief to boost economic activity and housing delivery.
ASK Property Fund divests its investment in a 49-acre Shriram Properties projects
The domestic alternative investment fund had invested Rs 85 crore in Shriram Pristine Estates in Bengaluru, from ASK Real Estate Special Opportunities Fund IV (RESOF IV) fund in 2022. The exit from the investment yielded an internal rate of return (IRR) of 20% and an investment multiple of 1.24x on their quasi-equity investment in less than 18-months.
Top 8 Indian cities witness 3% sequential rise in housing prices in June quarter
On an annual basis too, average housing prices at the end of June have shown a 12% growth across the eight major cities. Interestingly, 7 out of 8 cities under review witnessed annual price appreciation, with Delhi-NCR witnessing the highest price rise at 30% closely followed by Bengaluru, the data showed.
Digitisation of land records to boost investments in residential projects
Digitisation will reduce uncertainty regarding the ownership of a property and boost early-stage investments in residential real estate projects, experts said.
Here's why Siddhartha Khemka is bullish on real estate sector
Lot of sectors are dependent on the rural sector and with the monsoon season this year being good and the upcoming festive season, we believe that could lead to a big demand for a whole host of sectors including the consumers, the durables, the automobiles, the agri-related sectors and that should kind of drive the earnings growth for the remaining part of the year.
Keystone Realtors to invest Rs 900 crore on construction of housing project this fiscal: CMD Boman Irani
Earlier this month, Keystone Realtors reported a 45 per cent decline in its consolidated net profit at Rs 25.82 crore for the June quarter of this fiscal on higher expenses.
Builders, financial institutions cautiously optimistic of growth in realty sector: Report
Real estate sentiment in India has cooled slightly, with Knight Frank-NAREDCO's latest index showing current and future sentiment scores of 65, down from previous highs. Despite geopolitical uncertainties and economic concerns, developers and financial institutions remain cautiously optimistic about the sector's long-term growth and resilience.
PMAY Urban 2.0 fund boost set to accelerate affordable housing
PMAY-U is among the major flagship programs being implemented by the government to provide all-weather pucca houses to all eligible beneficiaries in the urban areas. Under PMAY-U, more than 11.8 million homes have been sanctioned while nearly 9 million houses have already been constructed and delivered to the beneficiaries.
Sarita Grace Hunt appointed as MD-Bengaluru and Hyderabad for Savills India
Sarita Grace Hunt has been promoted to Managing Director of both Bengaluru and Hyderabad offices at Savills India, effective August 2024. With over 25 years in real estate, Sarita aims to leverage her experience to accelerate growth. Her appointment follows the retirement of Hyderabad's previous head, Sesha Sai, who is pursuing personal interests.
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