22 Jan 2025

A state-owned BSNL property spanning 780 cottahs in Kolkata is set to become one of the city's largest real estate transactions, valued at INR 1,900 crore. Located at a prime intersection near AJC Bose Road, the site includes a heritage building and offers potential for mixed-use development. While the National Land Monetization Corporation (NLMC) has initiated the sale process, industry experts foresee challenges such as Army permissions, height restrictions, and limited demand for luxury apartments. Nonetheless, this development is viewed as a significant opportunity to unlock underutilised land in the heart of the city.Read more

22 Jan 2025

Sundaram Alternates, a subsidiary of Sundaram Asset Management Company (SAMC), has successfully raised over INR 1,000 crore for its Sundaram Alternative Opportunities Series - High Yield Secured Real Estate Fund IV. The fund is primarily focused on South Indian micro-markets and is 70% deployed, delivering approximately 19% internal rate of returns (IRRs). With a proven track record of deploying over INR 3,200 crore into senior credit at 18-20% asset-level returns, the company aims to build resilient and diversified secured credit portfolios while tapping into rewarding opportunities.Read more

21 Jan 2025

B.R. Goyal Infrastructure Limited, a Madhya Pradesh-based EPC service provider, launched its IPO recently on the BSE SME platform, aiming to raise approximately INR 85.21 crore. The issue saw robust demand, with subscriptions exceeding expectations at 82.77 times the issue size. However, despite a promising grey market premium and high investor interest, the shares were listed flat, matching the IPO price of INR 135 per share. The funds will be utilised for capital expenditures, working capital needs, and future acquisitions. The company's strong order book indicates its growth potential, but market sentiment remains cautious.Read more

21 Jan 2025

India Mortgage Guarantee Corporation (IMGC) has partnered with GIC Housing Finance Ltd. (GICHFL) to launch innovative mortgage guarantee-backed home loan products. This collaboration aims to improve accessibility and affordability for salaried and self-employed borrowers, addressing key challenges in India's housing finance sector. By leveraging IMGC's expertise and GICHFL's extensive network, the partnership seeks to expand homeownership opportunities, particularly for middle- and low-income groups. With a focus on responsible lending, the initiative offers higher eligibility and reduced EMIs, making housing more attainable. Both establishments remain committed to delivering customer-centric solutions while fostering growth in India's rapidly evolving housing market.Read more

21 Jan 2025

With the Union Budget FY26 approaching, the Indian real estate sector is calling for crucial reforms, including a reduction in stamp duty, a revision of home loan deduction limits to INR 5 lakh, and an update to affordable housing norms under PMAY. Industry leaders from CREDAI-NCR, Anarock, and major developers like Gaurs, Raheja, and Kanodia Group emphasize the need for tax incentives, GST rationalization, and liquidity measures to boost housing demand. With 2024 witnessing a slowdown, stakeholders believe targeted fiscal measures could drive growth, support urbanization, and improve accessibility in the housing sector for buyers and investors alike.Read more

21 Jan 2025

Ecobox Industrial Parks has announced plans to invest INR 400 crore in a greenfield development near Chennai, Tamil Nadu. The facility, spanning 12 lakh sq ft, will cater to India's growing demand for modern industrial and logistics spaces. The project site, well-connected to key industrial corridors, will support e-commerce, third-party logistics, and light manufacturing. Ecobox's operating platform, Logicap Advisors, currently manages 13 million sq ft of logistics assets. With this addition, its total managed space has grown to 4.8 million sq ft since its inception in 2023.Read more

21 Jan 2025

The private equity (PE) market in Indian real estate showed notable shifts in the first nine months of FY25. While the number of PE deals fell from 30 to 24 compared to the same period in FY24, the total investment value rose by 6% to USD 2.82 billion, thanks to a landmark USD 1.54 billion warehousing deal involving Reliance-ADIA/KKR. This deal boosted the logistics and warehousing sector, which accounted for 62% of total investments. Multi-city transactions dominated, with Bengaluru and Hyderabad emerging as key cities. The industrial and logistics segment saw robust growth, while the office and residential sectors faced challenges due to geopolitical concerns and high interest rates.Read more

20 Jan 2025

Playback singer Stebin Ben has purchased a luxurious duplex apartment in Mumbai's prestigious Bandra area for INR 6.67 crore. The 1,484 sq ft carpet area property, located in the Iconic 7 Co-op Housing Society, was jointly acquired with his family. The transaction included INR 40.02 lakh in stamp duty and INR 30,000 in registration fees. Known for his contributions to Bollywood films and web series, Ben's investment reflects his rising success in the entertainment industry. His career mirrors broader trends, with playback singers branching into independent music, enhancing their financial and professional growth while capitalizing on Bandra's luxury real estate appeal.Read more

20 Jan 2025

India's residential real estate market grew by 12.76% in supply across 13 major cities in Q4 2024, driven by Bengaluru and Gurugram, according to Magicbricks. The luxury segment now represents 52% of new supply, reflecting a 14.4% year-on-year growth. Under-construction properties surged by 10.97%, with Gurugram, Kolkata, and Bengaluru leading the rise. Meanwhile, ready-to-move properties showed marginal growth at 0.03%. Greater Noida, Noida, and Gurugram saw exceptional capital appreciation, with year-on-year increases of 42.5%, 42.4%, and 35%, respectively. With rising demand in urban areas and robust supply, India's residential real estate market demonstrates strong momentum heading into 2025.Read more

20 Jan 2025

Foreign equity investments in Indian real estate soared to USD 11.4 billion in 2024, a 54% year-on-year increase, led by Singapore (36%), the United States (29%), and Canada (22%), as per a CBRE report. Domestic investments also accounted for 70% of the total inflows, with developers capturing 44%. Metropolitan hubs like Mumbai and Delhi-NCR attracted 50% of the total investment. The last quarter alone saw USD 2.5 billion, driven by office assets and logistics sectors. The surge reflects post-pandemic recovery, favorable regulations, and rising demand for warehousing fueled by e-commerce, positioning the sector for sustained growth and diverse investment opportunities.Read more