12 Aug 2024

India's co-living sector is experiencing a shift towards one-bedroom units, driven by increased demand from corporate employees and students seeking more space and privacy post-pandemic. Companies like Housr and Truliv report significant rises in requests for 1 BHK units, with Housr predicting such units to rise from 30% to 50% of their inventory within 8-10 months. The sector, projected to grow to USD 40 billion in five years, sees cities like Bengaluru and Hyderabad leading the demand for fully furnished, managed living spaces. This trend highlights changing lifestyle preferences and the importance of privacy in modern co-living.Read more

09 Aug 2024

Sheth Realty's new campaign for their luxury project Codename Younique highlights the benefit of reduced commute times to the Bandra Kurla Complex (BKC), Mumbai's key business hub. Featuring slogans like "Hop. Skip. Jump. BKC.", the campaign underscores the project's strategic location near the Sion-BKC connector. The luxury gated community boasts over 45 amenities and targets professionals earning INR 45 lakh per annum or more. The campaign utilises digital platforms including Facebook, LinkedIn, and Instagram, aiming to attract buyers seeking both convenience and high-end living. Chintan Sheth emphasises the value of luxury and time-saving features in their marketing strategy.Read more

09 Aug 2024

Arkade Group's new campaign, "Family First," showcases the real estate developer's dedication to family-oriented values since 1986. With over 5,000 satisfied customers, the campaign highlights core values like care and trust through radio, OOH advertising, and digital media. A standout feature is the CGI technology used to create engaging content, including visuals of the number '1' in prominent city locations, symbolising the company's leadership in family-centric developments. Arkade Group's innovative marketing and focus on enhancing family life reflect its commitment to creating meaningful residential spaces in Mumbai.Read more

09 Aug 2024

Raymond Realty's residential project, 'The Address by GS,' led home sales in Bandra East during Q1 FY25, achieving INR 291 crore in sales and 96 units sold, more than double the next highest project. CEO Harmohan Sahni credits this success to the company's emphasis on timely delivery and high quality, underscored by their early completion of a previous project. With new Joint Development Agreements (JDAs) in premium Mumbai areas and a revenue potential of over INR 7,000 crore, Raymond Realty's expansion and focus on luxury have solidified its position among India's top real estate players.Read more

09 Aug 2024

Saya Group has launched a new brand identity, marking its transition to the ultra-luxury real estate market. The rebranding includes a modern design focused on the letter 'A' and a colour palette of blue, orange, yellow, and red, symbolising trust, success, optimism, and luxury. Chairman & Managing Director Vikas Bhasin emphasised that this change reflects Saya Group's dedication to innovation, sustainability, and excellence. The group aims to secure prime locations and maintain high standards, aligning with the evolving demands of luxury homebuyers who seek exceptional living experiences.Read more

09 Aug 2024

Puravankara's net consolidated total income reached INR 675.55 crore in Q1 FY25, marking a significant growth of 101.17 percent compared to INR 335.81 crore in the same quarter last year. This impressive increase highlights the company's strong performance and successful business strategies during this period. The substantial rise in income indicates robust demand and effective management, positioning Puravankara favourably in the market. Quarterly sales remained stable at INR 1,128 crore, while customer collections rose by 39 percent to INR 965 crore. This financial milestone points to the company's ability to achieve substantial growth.Read more

08 Aug 2024

Sheth Homes aims to reach INR 3,000 crore in revenue by FY25, up from INR 1,500 crore for FY24. Chairman Ashwin Sheth plans an INR 1,500 crore investment in FY25 and INR 2,500 crore in FY26. The company is preparing for a possible INR 2,000-3,000 crore IPO in 18-24 months, potentially raising its valuation to INR 10,000 crore. Sheth Homes has reduced debt from INR 1,500 crore in March 2021 to INR 400 crore by March 2024, with a goal of zero debt before the IPO. The firm is expanding with new projects in Mumbai and Bengaluru, targeting significant growth across various real estate segments.Read more

08 Aug 2024

Ahmedabad's commercial property sector is experiencing a resurgence, with new project launches expected to grow by 20-25% this year. This increase follows a period of low activity due to the COVID-19 pandemic. Data from GujRERA reveals 22 new commercial and 70 mixed-use projects in FY 2024-25, compared to 67 and 236 respectively in the previous year. Transaction volumes for office spaces surged by 219% in H1 2024, with significant contributions from local and out-of-state businesses. Despite a sluggish retail segment, the commercial market's recovery suggests a positive outlook for Ahmedabad's real estate sector.Read more

08 Aug 2024

In 2024, Global Capability Centres (GCCs) are projected to occupy 35% of India's commercial real estate, a significant rise from 26% in 2022. This growth is driven by the expanding need for office space in the booming GCC sector. The IT sector will maintain a 16% share, while GCCs are expected to absorb 21.83 million square feet of office space by year-end. Contributing 3.5% to India's GDP by 2030, GCCs are crucial for business innovation and efficiency. Mumbai and Bengaluru are key hubs, with 80% of GCCs serving international clients, reflecting India's strategic global business role.Read more

08 Aug 2024

In 2023, Bengaluru led Global Capability Centres (GCCs) office space leasing with 15.34 million square feet, commanding a 53% share in the IT/ITeS sector. This positions Bengaluru ahead of other major cities like Mumbai and Hyderabad. The GCC sector's leasing activity is projected to grow to 26 million square feet by 2027, marking a 16% increase from 2018 levels. Despite a global economic slowdown, GCCs continue to thrive, with revenues expected to hit USD 46 billion by 2024. The number of GCCs in India rose from 1,250 in 2019 to about 1,600 in 2023, potentially reaching 2,525 by 2030.Read more