04 Mar 2025

A report by NSE-listed data analytics firm PropEquity highlighted that 1.19 lakh projects, encompassing 97.14 lakh units, have been registered with the top 10 State RERAs between 2017 and 2024. The report also indicated a substantial improvement in compliance post-RERA implementation, leading to increased investment from both individual and institutional investors. Maharashtra led the registrations, accounting for 40% of the total, followed by Tamil Nadu at 17% and Gujarat at 14%. Amongst cities, Pune recorded the highest number of registered projects at 12,346. The real estate market across the top nine Tier 1 cities is now valued at over INR 5.5 lakh crore. Uttar Pradesh recorded the highest average units per project at 184, while the overall average for the top 10 states stood at 81.Read more

04 Mar 2025

Embassy Developments, formerly Indiabulls Real Estate, has announced plans to raise up to INR 2,000 crore through Qualified Institutions Placement (QIP) or other permissible methods to support its growth. The company's board has approved an enabling resolution aimed at optimising costs and maintaining conservative financial management. Additionally, the company is set to acquire a 100% stake in Squadron Developers for an enterprise value of INR 455 crore to develop a premium residential project in Bengaluru's Yelahanka. The merger between Embassy Group and Indiabulls Real Estate was recently approved by the National Company Law Appellate Tribunal (NCLAT) after clearing many regulatory hurdles.Read more

03 Mar 2025

South Delhi's premium residential market presents a major redevelopment opportunity, with 18,500 plots across 42 MCD-regulated colonies valued at INR 5.65 lakh crore, according to a report by SEBI-registered AIF Golden Growth Fund. Luxury hotspots like Vasant Vihar, Golf Links, and Jor Bagh are seeing increasing demand for high-end redevelopment projects. High-net-worth individuals (HNIs) and NRIs are turning to Alternative Investment Funds (AIFs) for structured real estate investments, offering expected returns of 18-20%. With institutional capital inflows and consistent property appreciation, South Delhi remains one of India's most lucrative real estate markets for redevelopment.Read more

03 Mar 2025

Pune's real estate market saw an 8% YoY decline in property registrations, with 16,330 transactions in January 2025, down from 17,786 a year earlier. Despite the drop, stamp duty revenue remained stable at INR 590 crore, indicating higher-value property sales. Demand for homes priced above INR 1 crore rose from 13% to 15%, with larger apartments (800+ sq ft) also gaining traction. Central Pune led transactions with 81% market share, while West Pune saw rising demand. Experts anticipate market stability, driven by strong employment opportunities and potential home loan rate cuts, sustaining growth in Pune's premium housing segment.Read more

03 Mar 2025

Shah Rukh Khan and his family are set to temporarily move to a luxury apartment in Bandra's Pali Hill as their iconic home, Mannat, undergoes a major two-year renovation. The Grade III heritage bungalow requires special approvals for structural modifications. Khan has leased four floors in Puja Casa, owned by producer Vashu Bhagnani's family, at INR 24 lakh per month. The move highlights the growing demand for luxury rentals in Mumbai, especially among celebrities and high-net-worth individuals. With Mannat's makeover in progress, speculation arises on whether the Khans will extend their stay beyond the initial lease period.Read more

03 Mar 2025

Swiggy has opened a new office at DLF One Horizon Centre, Gurgaon, strengthening its North India presence while retaining its Bengaluru headquarters. The move aligns with its quick commerce growth strategy as it competes with Zomato's Blinkit. Despite reporting a net loss of INR 799 crore in the December quarter, Swiggy continues to invest in expansion. Gurgaon's commercial real estate market is booming, with leasing activity up 15% in key hubs like Cyber City and Golf Course Road. Swiggy's move reflects a broader trend of new-age companies securing prime office spaces to enhance brand presence and talent acquisition.Read more

28 Feb 2025

Godrej Properties (GPL) has clocked sales of INR 1,000 crore from its recently launched residential project, Godrej Evergreen Square, in Pune. The firm sold more than 1,398 apartments over 1.23 million square feet, which is the most successful project launch in the city for GPL both in value and volume. The Hinjewadi project was launched in November 2024, only four months after the acquisition of land. With a developable area of 2.41 million square feet, the project is expected to yield INR 2,045 crore in revenue. Pune has been one of GPL's core markets, and it has contributed heavily to its record pre-sales of INR 12,929 crore in FY23. The good reaction to this launch reflects increased housing need in Hinjewadi, a key IT destination. In spite of such successes, shares in Godrej Properties closed 2.23% down at INR 1,986.20 on the BSE earlier this week.Read more

28 Feb 2025

The Maharashtra government has decided to rehabilitate approximately 18,000 slum households from the Sanjay Gandhi National Park (SGNP) to Thane district, as per directives from the chief minister. At a recent meeting, the city and suburban collectors conveyed their inability to provide land for rehabilitation, prompting the decision to relocate residents closer to Mumbai, excluding Palghar. Previous rehabilitation plans, including 90 acres in Aarey Colony, faced legal hurdles, with a high court stay impeding progress. The state government, under scrutiny from the Bombay High Court for inaction, has also proposed a protective wall around SGNP at a cost of approximately INR 196 crore.Read more

28 Feb 2025

Morgan Stanley Advantage Services is expanding its Bengaluru footprint with a 1.2 million sq ft office campus along the Outer Ring Road, set to accommodate 12,000 employees. Bengaluru, India’s top city for office leasing, recorded 21.8 million sq ft transactions in 2024, with 27% of India’s total office leasing. The city’s infrastructure, skilled workforce, and green-certified spaces attract global firms like Chevron, which is investing USD 989 million in an R&D hub. Morgan Stanley is also expanding in Mumbai with 86,000 sq ft at Altimus Worli. India’s GCC market is projected to grow to USD 100 billion by 2030.Read more

27 Feb 2025

Following an overwhelming response to its ongoing residential projects, the Jaipur Development Authority (JDA) is set to introduce three new housing schemes. These developments, located in Mansharampura (Jhotwara), Kardhani (Bassi), and Bainad (Daulatpura), will feature both residential and commercial plots, with 850 residential plots available. The application process is expected to be announced in the coming days. The move comes after JDA's earlier projects-Atal Vihar, Govind Vihar, and Patel Nagar saw nearly 175,000 applications for just 756 plots. Given the city's expanding urban landscape and a history of high demand for JDA plots, these new schemes are expected to attract significant interest from homebuyers and investors alike.Read more