Geetanjali Homestate has unveiled its latest industry report detailing property pricing trends across key markets in India for the second quarter of 2024. The report provides an in-depth analysis of the average property prices in Mumbai, Delhi, Bangalore, Noida/Greater Noida, Gurugram, Hyderabad, Chennai, Kolkata, Ahmedabad, and Pune, revealing notable growth trends in these metropolitan areas.
Tata Realty & Infrastructure has secured a loan worth Rs 825 crore loan from the World Bank Group member International Finance Corporation (IFC) for the strategic refinancing of Ramanujan Intellion Park in Chennai. This financing is a part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India.
In recent years, Indian real estate has become a lucrative investment destination for NRIs. The high demand for real estate among the NRI community has grown significantly in the last 4-5 years due to various factors. These factors include India’s growth outlook, the boom in the Indian real estate market, the perception and confidence in real estate as a stable asset class, fluctuations of the USD against INR, and the sentimental value attached to the homeland.
Samsung Research And Development Institute has renewed its lease for 4.02 lakh square feet space in Bengaluru’s Bagmane Goldstone tower, documents accessed by real estate data analytics platform Propstack showed. According to the documents, the South Korean tech giant first took up the said space in Bagmane World Technology Centre, located in Mahadevapura of Bengaluru East, in 2019. The lease period extended till April 5, 2024, for 4 lakh square feet of space spread across several floors, alongside 562 car parking slots.
Mohali Industrial Economic Zone (MIEZ) has announced that Gopal’s Sweets, the biggest dairy products brand in Punjab, Haryana and Himachal Pradesh, will set up a manufacturing unit there. The company has invested approximately Rs 150 crore in the project.
MIEZ is an industrial initiative by the Royale Estate Group. It is proving to be a game-changer in transforming the industrial landscape of the Tricity, including Punjab, Haryana, Himachal and Jammu & Kashmir.
Tata Realty & Infrastructure has secured a loan worth Rs 825 crore loan from the World Bank Group member International Finance Corporation (IFC) for the strategic refinancing of Ramanujan Intellion Park in Chennai.
This financing is a part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India.
A 12,000 sq ft penthouse has been sold in Pune for ₹37 crore making it the most expensive property deal in the city. The property is located in Lodha One, Bund Garden, a project by listed real estate developer Lodha that goes by the name Macrotech Developers, the company said in a statement.
Over the last two years (April 2022 to date), Pune has seen 32 apartment registrations in the luxury segment, valued above ₹10 crore (agreement value). The highest value of which was ₹18.5 crore.
To say that India’s two leading realty hotspots NCR and MMR (Mumbai Metropolitan Region) have seen off-the-charts housing market activity in the last five years is an understatement. Record-breaking sales have caused unsold inventory to decline and average residential prices to soar by 49% in this period.
While big-ticket property deals are common in Mumbai’s real estate market, Bengaluru is fast following its footsteps. High-end residential units priced at ₹10 crore and above have seen growing demand and developers are reciprocating with proportionate fresh supply, industry players who spoke to HT Digital said. “Both enquiries and conversions have gone up,” said Praveer Shrivastava, Senior VP, Residential, Prestige Group. Looking for Instant Cash? Get Best Personal Loan offers upto 10 lakh. Apply and Get Money in your bank account Instantly
Shelter being one of the three necessities of life, any announcement that increases the supply of housing - especially the affordable category – is always welcome. However, when the new government at the centre took a specific decision, that too in the very first cabinet meeting, to sanction the construction of three crore additional rural and urban houses under the Pradhan Mantri Awaas Yojana (PMAY) scheme, it was definitely appreciated by the office bearers of real estate associations
