Property prices surge in Ayodhya backed by new projects, land deals
Table is turning on Ayodhya after the inauguration of the Ram temple. The small temple town is now at the center of a never-ending saga of infrastructure growth and multi-phased economic development. As a part of the master plan 2031, the GOI has committed a huge budget of Rs 83,000 crore for the development of infrastructure. Already projects worth Rs 30,500 crore are either completed or are at various stages of construction.

'Taxes in real estate not high compared to all subsidies': Deepak Shenoy counters broker's queries to FM on high taxes
Hours after a worried broker raised concerns about high taxes in share markets and real estate with finance minister Nirmala Sitharaman at a BSE event, Deepak Shenoy has lent a counter-view on the issue saying that ‘taxes are not high at all in real estate’. The market expert took to microblogging platform ‘X’ and said that he himself is not a big fan of large taxes, but the taxes in real estate are not large at all, compared to all the subsidies one gets in the sector.

Elevating the Experience: Future-ready luxury homes in Gurugram
Gurugram, often dubbed the ‘City of Dreams’, has witnessed remarkable growth in the luxury real estate market over the years. The city, renowned for its rapid development, innovative spirit, and thriving lifestyle, continues to attract discerning investors and homebuyers seeking an unmatched living experience. Whether it is sustainable living spaces, luxury high-rise condominiums, independent houses, villas, or bungalows, real estate developers focus on building visionary solutions catering to the emerging preferences of buyers.

Now buy commercial real estate in leading metros for less than Rs 300 a day | Here’s how
Do you want to own a commercial building or an office or a warehouse in cities like Mumbai, Pune, Bengaluru or Delhi? It’s possible and that too at an investment of as low as Rs 1 lakh, which comes to less than Rs 300 a day, through the fractional ownership model.

Oberoi Realty climbs 9%, hits 52-week high
Bengaluru: Shares of Oberoi Realty climbed nearly 9 per cent on Thursday’s trade. The company’s consolidated net profit for the March quarter of 2024 increased 64 per cent and announced plans to raise up to ₹4,000 crore through issuance of equity shares and non-convertible debentures. On the BSE, the stock hit a 52-week high at ₹1,717.

Avg home prices jumps 10% in first quarter of 2024: Study
Average home prices in top eight cities rose 10% in the January-March quarter of 2024 compared to the corresponding period of the previous calendar year, according toa report released by industry body Credai, Colliers and Liases Foras, released on Thursday. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi- NCR, Ahmedabad and Pune registered double digit growth, the report said. On a quarterly basis too, housing prices across majority of the cities witnessed a 2-7% increase.

DLF cements spot via robust launch pipeline and premium demand
 

Brookfield REIT Q4 NOI jumps 89%; buys 50% stake in assets from Bharti group
Brookfield India Real Estate Trust reported an 89 per cent increase in net operating income in the fourth quarter of FY24 on the back of robust leasing and rent escalations. The REIT also announced signing of binding agreements to buy a 50 per cent stake in a 3.3 million square feet commercial portfolio from Bharti Enterprises for ₹1228 crore and at an enterprise value of ₹6,000 crore.

Real-estate developers contest 18% GST on Joint Development Agreements
Real estate developers are contesting the 18% Goods and Services Tax (GST) levy on the transfer of development rights within joint development agreements (JDA) between developers and landowners. They believe the JDA does not involve any sale of land and hence the transfer of the rights is not taxable.

Certus Capital commits Rs 400 crore through three real estate investments

Narayana Health acquires 1.2 acres in Bengaluru for Rs 169 crore

ArisUnitern enters into a development management agreement with Essem 18’s Real Estate Portfolio

Avigna to raise Rs 1,000 crore for expansion plans, debt reduction

Migsun group to invest Rs 500 crore across four projects in Greater Noida

Brookfield India REIT inks pact to acquire Bharti JV stake, funding through listed units

Anant Raj Ventures into tier 2 and tier 3 cities, pioneering growth in India’s real estate sector

We wish to grow in SOBO market which will see resurgence of residential developments: Boman Rustom Irani, Keystone Realtors

DLF eyes improved cash flows, higher margins, with focus on super-luxury projects
New Delhi: Real estate major, DLF, which has guided for nearly 20 per cent year-on-year (y-o-y) increase in sales bookings to ₹17,000 crore for FY25, will focus on super-luxury projects with one out of every five homes sold being in that category.

The changing face of luxury housing in Gurugram
Gurugram, long recognized as a cornerstone of the National Capital Region’s real estate sector, continues to redefine luxury living, evolving rapidly to meet the heightened expectations of affluent homebuyers. As 2024 unfolds, the city’s luxury real estate sector has been characterized by a distinct shift towards bespoke amenities and environmentally-sustainable features, mirroring global trends and local consumer preferences.

DLF to enter Mumbai, Goa this year with luxury homes; All details here
For the Gurgaon-based realtor, it will be the second inning in Mumbai. The firm had exited from the financial capital about 11 years ago.
 

Real estate majors are coming for the hotel industry bearing a ₹10,000-cr purse
Last month, Prestige Estates Projects, a real estate company primarily focused on the southern states, signed an agreement with global hospitality giant Marriott International to manage six of its upcoming hotel projects in India. The Bengaluru-headquartered group set aside a significant budget for these projects: ₹4,250 crore, or about $500 million.

Understanding India’s real estate landscape
In this State of the Economy podcast, Abhishek Law dives deep into the realm of real estate trends with special guest Gautam Saraf, Managing Director, Mumbai & New Business at Cushman & Wakefield.

Signature Global reports 112% growth in pre-sales

CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.

DLF to develop Rs 25,000 crore luxury housing project in Gurugram

Buyers want bigger, better homes and are willing to pay for them: Aakash Ohri, Joint managing director, DLF Home Developers

Oberoi Realty shares jump 7%, hit 52-week high after Q4 net profit rises 68% YoY

Keystone Realtors Q4 Results: Net profit falls 60% YoY to Rs 31 cr; FY24 profit up at Rs 112.21 cr

Brookfield India REIT set to buy Bharti’s nearly 50% stake in realty JV

Hero Realty CEO Dharmesh Shah resigns
New Delhi: Hero Realty's Chief Executive Officer (CEO), Dharmesh Shah has resigned from the company and will float his own venture. Shah informed about his decision on social media platform, LinkedIn on Monday. He became the CEO of Hero Realty, promoted by Sunil Kant Munjal's Hero Enterprise, in March, 2022.