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Industry News

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Industry News

  • Investors Favor Affordable Housing Plays in the Asia Pacific Region urbanland.uli.org

    With investors across the Asia Pacific continuing to avoid mainstream asset classes as they seek out higher returns and more reliable income streams, attention has turned increasingly to “living assets”—a broadly defined concept that includes the multifamily, senior living, and student housing sectors. Investors are beginning to migrate to projects involving development of affordable multifamily housing, an area that until recently drew next to no attention in the region.

  • Major 18 listed builders sell properties worth Rs 1.17 trillion in FY24 Business Standard

    Eighteen major listed real estate developers sold properties worth Rs 1.17 trillion during the last fiscal with Godrej Properties becoming the largest player posting Rs 22,527 crore of sales bookings. Except for a few realty players, all major developers have achieved higher sales bookings in 2023-24 compared to the preceding financial year. This was largely driven by strong demand for residential properties, especially luxury homes, across major cities.

  • How Coonoor has emerged as a southern rival to the west’s Goa & Alibaug and Mussoorie in the North Financial Express

    Although there is a long history of affluent city-dwellers owning second homes in popular places such as Goa and Mussoorie, this trend has gained momentum since the pandemic. In addition to rising disposable incomes, this is due in part to remote work becoming increasingly common. Traditional options include tropical and ‘beachy’ destinations such as Goa and Alibaug, as well as more temperate towns such as Mashobra or Darjeeling.

  • New supply of retail space to increase by almost 50%, to touch 134 mn sq ft in the next 5 years Hindustan Times

    The existing retail stock, which stands at 89 million sq. ft, is expected to grow by almost 50% and touch 134 million sq. ft by the end of 2028. Delhi NCR is expected to garner the highest share (43%) in the supply in the next five years followed by Hyderabad with a share of 21% and Chennai having a share of 13%, a report by JLL has said.

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  • How on-demand services are crafting the future of home maintenance Financial Express

    Gone are the days of browsing through phone books or relying on neighbours to find someone to fix your leaking tap or install your AC after a move. Today, on-demand services are transforming how we maintain our homes, making the process faster, simpler, and more conveniently reliable. Here’s why Home Maintenance Services became popular quickly: On-demand services are quickly becoming popular, especially among busy professionals and newcomers to cities who might not yet know reliable local vendors/players.

  • Why is there a rush to own luxury apartments in Oberoi Realty's Three Sixty West project in Mumbai? Hindustan Times

    What’s common between Bollywood actors Shahid Kapoor and Abhishek Bachchan, D'Mart's Radhakrishna Damani and Everest Masala Group’s promoter, Vratika Gupta, founder of a well-known decor brand? They are all owners of sea facing luxury apartments in Oberoi Realty's Three Sixty West located in Mumbai's posh Worli area. The luxury project constructed by Oberoi Realty along with its partner has witnessed 19 transactions since April 2023 worth over ₹1,300 crore, according to data shared by CRE Matrix, a real estate analytics firm.

  • Puravankara buys 12.75 acre land near Mumbai; to develop housing project with a revenue potential of ₹4000 crore Hindustan Times

    Bengaluru-based real estate firm Puravankara Limited said on June 1 that it has acquired 12.75 acres of land in Patlipada on Ghodbunder Road, Thane, near Mumbai, and will be developing a residential project with an estimated revenue potential of ₹4,000 crore. The land has an estimated potential carpet area of 18.20 lakh sq ft and a potential Gross Development Value (GDV) of ₹4,000 crores over the project lifecycle, the company said in a regulatory filing.

  • DLF’s NRI investment touches 23% of total sales in FY24, highest since FY21 Moneycontrol.com

    The share of Non-Resident Indian (NRI) investment in total sales of Delhi NCR based real estate developer DLF Ltd, has surged to approximately 23 percent for the financial year 2023-24, marking the highest NRI sales for the real estate developer since FY21, when the covid pandemic led to a slump in NRI interest. This is a significant increase from 14 percent in FY 2022-23, a top executive at DLF told Moneycontrol.

  • Southern Peripheral Road Emerging as the Heart of Gurugram Real Estate businessnewsthisweek.com

    The Southern Peripheral Road (SPR) in Gurugram is rapidly transforming into one of the most coveted real estate destinations in the National Capital Region (NCR). Spanning 16 kilometres, SPR has become the newest hotspot for both investors and homebuyers, drawn by its unparalleled connectivity, luxurious living options, and promising future prospects.

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  • Unlocking Success in Real Estate Investment: Key factors to consider Financial Express

    Real estate investment remains a cornerstone of wealth building for individuals worldwide, offering diverse opportunities for financial growth and stability. However, navigating the complexities of the real estate market requires a strategic approach and a keen understanding of several key factors. From property diversity to customer sentiments and developer credibility, here’s a comprehensive guide to maximizing success in real estate investment