India's construction industry is buzzing. It is the cornerstone of the nation's economy, ranking third in size and second in employment generation after agriculture. As the sector continues to grow, KBC Global, a Maharashtra-based construction and real estate company, has announced the launch of a new residential project.
Shapoorji Pallonji Real Estate (SPRE) has formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a luxury residential project in Gurugram.
The land is located at Sector 46, Gurugram.
Spanning across 1.74 acres, the project will consist of luxury apartments, targeting homebuyers in the National Capital Region (NCR), the company said in a statement.
In a nation as diverse as India, the healthcare landscape presents wicked problems and plentiful opportunities. The country's hospital infrastructure has been increasingly strained in the areas of accessibility, quality, and equity, especially with a snowballing population growth. While urban development expands amidst these constraints, architects have been able to position innovative design solutions as mediators, also sealing the gap between urban and rural healthcare quality and accessibility in India.
The state cabinet on Monday decided to give 125 acres of land from the Deonar dumping ground for rental housing for those declared ineligible for free housing in the Dharavi Redevelopment Project (DRP). So far, the government has granted 255 acres of salt pan lands at Kanjurmarg and Mulund, 140 acres of land at Madh island and 21.25 acres of Kurla Dairy land for the rental housing project. With the Deonar dumping ground plot, the amount of land given over to the Adani-led DRP amounts to 541.25 acres.
The real estate landscape in Chennai has undergone a major transformation in the past 25 years, according to JLL’s latest report, “A transformational journey: 25 years of Chennai.”
Chennai has witnessed a staggering 75-fold increase in office space alone.
The office segment growth has been largely driven by the IT sector and the rise of Global Capability Centers. Chennai’s rise as a GCC hub is reshaping Tamil Nadu's economic landscape.
India's luxury real estate market is evolving at an unprecedented pace resulting in a significant boom in sales. This growth is driven by a combination of economic factors, changing consumer preferences, and emerging infrastructure. High-net-worth individuals (HNIs) are at the forefront of this boom, and their demand for premium properties is set to increase as the country’s economy and urbanization continue to evolve.
The average price of newly launched residential projects in India’s top 10 cities has surged by a staggering 88 per cent over the past five years, according to a report by real estate data analytics firm PropEquity released on Monday.
Total equity investments in the real estate sector during Jan-Sep 2024 touched $8.9 bn, up by 46% Y-o-Y. Mumbai, Bengaluru, and Chennai accounted for a 66% share of investments in the Jul-Sep 2024 quarter, according to CBRE’s report titled ‘India Market Monitor Q3 2024 - Investments’.
The Indian real estate sector saw 25 deals worth USD 1.4 billion in September quarter, driven by Qualified Institutional Placement (QIP) issues launched by developers, according to a report by Grant Thornton. Consulting firm Grant Thornton Bharat released the report 'Real Estate/ REITs Dealtracker -- Providing M&A and PE deal insights' on Monday.
With a large number of infra projects being launched in the city, the BMC has decided to auction three of its prime plots in the island city, including one in Malabar Hill, to generate resources. This is the first time that the BMC will lease out its plots, something that institutions like MMRDA and MSRDC have done so far, monetising their land banks to raise money for the infrastructure projects implemented by them.
