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When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
07 Apr 2025
Dubai's real estate market has sustained its robust start to 2025, recording AED 142.7 billion in total sales during the first quarter, marking the second-highest quarterly figure on record. This represents a 30.3% year-on-year increase in value, with 45,485 transactions reflecting a 22.8% rise. Data from fam Properties indicates that Q1 figures were marginally lower than the all-time record of AED 147.2 billion in Q4 2024. Notably, plot sales surged by 193.8%, while villa, apartment, and commercial sales also witnessed substantial growth. The median property price per sq ft rose to AED 1,563, continuing the upward trend of recent years. The most expensive property sold was a villa at Dubai Hills Estate for AED 140 million, while Jumeirah Village Circle recorded the highest number of transactions. This sustained market strength underscores Dubai's position as a leading global investment hub.Read more
04 Apr 2025
Ashok Leyland has completed a GBP 45 million (approximately INR 500 crore) investment in its UK subsidiary, Optare Plc, increasing its stake to 93%. Optare Plc is the holding company of Switch Mobility. The funds will support capital expenditure and reduce interest burdens, benefiting both Switch UK and Switch India. The investment follows financial challenges at Switch UK, which recently shut down an assembly facility due to inconsistent order inflows. Market conditions remain tough, with electric buses comprising just 15.9% of new EU bus sales. Ashok Leyland is reassessing Switch UK's future amid subdued demand and continued losses.
03 Apr 2025
US-based CoStar has raised its bid to acquire Australia's Domain Holdings to AUD 4.43 per share, valuing the deal at AUD 2.80 billion (USD 1.76 billion). Despite the increased offer, Domain's shares fell 4.7% amid investor concerns over valuation. The acquisition would mark CoStar's entry into the Australian market and could challenge dominant rival REA Group. Nine Entertainment, which owns 60% of Domain, supports the revised bid and could gain AUD 1.4 billion in proceeds. Domain's board has agreed to grant CoStar due diligence access. The deal could reshape the real estate classifieds sector, especially as market conditions improve with falling interest rates.Read more
03 Apr 2025
The Trump Organization, in collaboration with a local partner, is set to launch a series of multibillion-dollar investments in Vietnam, focusing on golf courses, hotels, and real estate projects. The first project, valued at USD 1.5 billion near Hanoi, is scheduled to break ground in May 2025. This move comes as the U.S. faces trade imbalances with Vietnam, leading to potential tariff risks. The Trump Organization plans to expand further with additional investments in the region later this year.
02 Apr 2025
Dubai's mortgage market continues to exhibit resilience as the U.S. Federal Reserve maintains interest rates at 4.25%-4.50%, reinforcing stability in global financial markets. Investor interest in Dubai's real estate sector remains high, contributing to sustained mortgage demand. According to Dubai Land Department data, mortgage transactions increased by 4.76% from January to February 2025, while total mortgage value surged by 32.14% during the same period. Although mortgage activity at Lomond saw a 4.39% increase in 2024 compared to 2023, the overall mortgage value experienced a 3% decline. Industry experts highlight strong buyer confidence, attractive loan-to-value ratios, and favourable financing options, with market stability offering potential advantages for both first-time buyers and seasoned investors.Read more
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02 Apr 2025
Germany's residential property market recorded a 1.9% year-on-year price increase in the fourth quarter, marking the first rise since 2022, according to federal statistics office data. This recovery follows a prolonged slump triggered by the European Central Bank's aggressive rate hikes to combat inflation. While the pace of decline has slowed over the past year, uncertainty persists due to higher borrowing costs. Home prices rose across most regions, with the sharpest gains seen in major cities outside metropolitan hubs, where apartment prices increased by 2.5% and house prices by 2.2%. The statistics office noted that the figures are preliminary and subject to revision.
02 Apr 2025
Wipro Limited has secured a EUR 500 million, 10-year strategic contract with the U.K.'s Phoenix Group to handle life and pension business administration for its ReAssure division. Under the agreement, Wipro Financial Outsourcing Services Limited (WFOSL) will provide policy administration, claims processing, customer service support, data management, compliance, and platform technologies. The deal strengthens Wipro's position in the U.K.'s Life and Pension Third Party Administration (TPA) sector. As part of the engagement, Wipro will modernise Phoenix's core policy administration platform with AI, automation, cloud, and digital technologies while expanding its U.K. operations through new technology and service hubs. Additionally, several Phoenix employees will transition to Wipro to support this transformation.
02 Apr 2025
Larsen & Toubro (L&T) has secured its largest-ever offshore contract worth USD 4 billion from QatarEnergy LNG. The project, part of the North Field Production Sustainability Offshore Compression initiative, involves installing gas compression systems on platforms and associated facilities. This deal surpasses the INR 25,000 crore railway electrification contract L&T won last year. The contract strengthens L&T's presence in the oil and gas sector and aligns with Qatar's strategy of boosting gas production. It also highlights the growing role of Indian infrastructure companies in international energy projects. L&T has been witnessing strong order inflows, with an order book exceeding INR 5.65 trillion as of December 2024.
01 Apr 2025
As Dubai's property market continues to thrive, Palm Jebel Ali is gaining prominence as a lucrative investment opportunity, offering investors prime waterfront properties at competitive early-stage prices. A report from fam Properties highlights Palm Jebel Ali's resurgence, positioning it as an affordable yet expansive alternative to Palm Jumeirah. With larger plots, lower entry prices, and flexible payment plans, the development is attracting high-net-worth investors. The final phase of ultra-luxury villas is soon to be launched, with resale demand expected to drive prices higher. Experts suggest that the limited availability of waterfront properties will sustain long-term value appreciation, making Palm Jebel Ali a compelling choice for investors.Read more
01 Apr 2025
Beijing Capital, a state-backed Chinese property developer, is raising up to 500 million USD through a four-year dollar bond, testing investor confidence in China's struggling real estate sector. This follows its 450 million USD bond issuance in March. Strong demand has emerged, with orderbooks reaching 3.2 billion USD and initial pricing set at 7.25%. The company is also offering to buy back its 2025 and 2026 bonds, aiming to refinance offshore debt. The rare issuance reflects renewed investor interest, likely driven by government stimulus, and could signal a gradual return of Chinese developers to global debt markets after years of financial distress.
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