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Industry News

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Industry News

  • Bengaluru’s rental deposits too high, says entrepreneur who compared HSR Layout with San Francisco’s Hayes Valley Hindustan Times

    Indian-origin entrepreneur Hardeep Gambhir, who moved to Bengaluru following a seven-year stint in San Francisco, California, recently made headlines when he drew parallels between the two cities on X and complained about ‘ridiculous’ security deposits sought for rental accommodation in the IT capital. Even though Gambhir’s monthly expenditure has plummeted to $900 in Bengaluru, from $2,500 in San Francisco, the techie complained about enormous security deposits sought for rental accommodation in the garden city.

  • Home sales in India cool down after two years on high base, rising prices Business Standard

    India, for the first time in two years, recorded a dip in housing sales in April-June compared to the previous quarter, according to data shared by real estate consultancy Anarock on Thursday. As many as 120,340 homes were sold in the April-June quarter against 130,370 units sold in January-March, dipping 8 per cent. The last such quarterly decline was in the April-June quarter of 2022 when sales fell by 15 per cent to 84,925 units compared to 99,550 in the January-March quarter of that year.

  • Residential real estate at a 15-yr high; commercial may see best ever year: Anuj Puri The Economic Times

    "I think after a very-very long time I have discovered that the developers have been extremely mindful of bringing in more cash flows and deleveraging their position rather than continuously increasing the prices and somewhere hurt the sort of sales of their residential," says Anuj Puri, Chairman, ANAROCK Group. Let us just get in a sense as to what you are seeing when it comes to the trend for housing prices in the Indian cities.

  • Creative ways to decorate your home using music theme Housing.com

    Music has a great impact on our mood, so using it to decorate your home can make a huge difference. Adding musical touches to your decor can make your space lively and relaxing. This can be done with beautiful instruments, cool sound systems, or music-inspired art. Bringing music into your home decor makes it feel more personal and enjoyable. In this article, you’ll find simple and creative ways to decorate your home with music, filling your space with rhythm and harmony.

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  • Birla Estates acquires 16.5 acre land in Pune; to build Rs 2,500 crore housing project Moneycontrol.com

    Realty firm Birla Estates Pvt Ltd on Monday said it has acquired a 16.5-acre land parcel in Pune to a develop a housing project with an estimated revenue potential of Rs 2,500 crore. Birla Estates is a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group. The company said it is expanding its presence in Pune with a land acquisition in Manjri, Pune

  • Birla Estates acquires 16.5 acre land in Pune; to build Rs 2,500 crore housing project Moneycontrol.com

    Realty firm Birla Estates Pvt Ltd on Monday said it has acquired a 16.5-acre land parcel in Pune to a develop a housing project with an estimated revenue potential of Rs 2,500 crore. Birla Estates is a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group. The company said it is expanding its presence in Pune with a land acquisition in Manjri, Pune

  • Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in FY25 Business Standard

    South India-based real estate developer Sumadhura Group on Friday said it is eyeing over three-fold growth in its turnover for 2024-25 to Rs 5,000 crore, mainly aided by new offerings. Sumadhura Group, with a 30-year legacy, also announced a new logo and tagline "Foundation of Happiness", a company statement said. According to the statement, this new identity reflects the contemporary image that aligns with Sumadhura's current growth, resonates with the target markets, and strengthens the group's position in the competitive landscape.

  • Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram Business Standard

    Luxury developer Krisumi Corporation on Monday announced that it would invest Rs 2,000 crore to develop 1,051 luxury homes and penthouses in its Krisumi City at Gurugram's Sector 36A. This is in addition to the cost of land acquisition. The developer, a joint venture between Krishna Group and Japan’s Sumitomo Corporation, will launch two projects spanning 5.88 acres named "Waterside Residences III" and "Waterfall Suites II". These projects will have four towers with 1-BHK, 2-BHK, 3-BHK, and 4-BHK luxury homes and penthouses.

  • After Awfis, three major co-working firms mull Initial Public Offering in 2025: Sources Hindustan Times

    Following Awfis Space Solutions’ Initial Public Offering (IPO) recently, at least three major co-working and managed workspace providers, including Embassy Group-backed WeWork India and Gurugram-headquartered Smartworks, are preparing to make a market debut in 2025, industry sources in the know told HT Digital. “Both WeWork India and Smartworks are going for an IPO within 12-18 months,” one of the sources said on condition of anonymity.

  • NBCC bags project worth Rs 100 crore in Hyderabad via GEM portal Moneycontrol.com

    NBCC (India) Limited announced on June 24 that it has bagged a project worth Rs 100 crore to construct a new training centre and renovate the existing buildings of REC Institute of Power Management Training at Hyderabad. The REC Institute of Power Management Training (RECIPMT) owns 14 acres of land in Hyderabad. With the award of executing this work, NBCC will strive to facelift the old buildings and develop new infrastructure for equipping state-of-the-art facilities within the institute, the company said.