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Delhi-NCR saw 29 land deals for approximately 314 acres closed in FY-24; Gurugram leads with 22 land deals

India, April 24 -- Delhi-NCR saw 29 land deals spread across 314 acres closed in FY 2024 as against 23 land deals covering approximately 273.9 acres in FY 2023, data shared by Anarock shows. Among th... Read More


Office leasing records 16.7 mn sq ft in Q1 2024, witnessing a 20% growth y-o-y

India, April 24 -- Despite global uncertainties stemming from uneven economic scenarios and geopolitical tensions, the first quarter of 2024 witnessed office leasing activity of 16.7 mn sq. ft in Indi... Read More


Eldeco and HDFC Capital infuse additional funding of Rs.350 cr in joint platform

India, April 24 -- Eldeco Infrastructure and Properties Limited, and HDFC Capital Advisors Limited have announced an additional round of funding of Rs.350 crore in their joint platform aimed at accele... Read More


64% of HNI investors prefer fractional ownership model to invest in commercial real estate

India, April 24 -- As many as 60% investors and 64% of high net worth individuals prefer the fractional ownership model to invest in commercial real estate (CRE) and have expressed increased confidenc... Read More


NBCC secures work orders worth Rs.23,500 crore in 2023-24 fiscal

India, April 23 -- NBCC Ltd, the government's construction arm, said on April 23 that it had secured projects worth Rs.23,500 crore during the 2023-24 fiscal year. The company "has secured record new... Read More


Bengaluru-based Puravankara Ltd to redevelop housing society project in Mumbai's Pali Hill

India, April 23 -- Bengaluru-based real estate developer Puravankara Ltd has been appointed as developer for Mumbai's Pali Hill redevelopment project, the company said in a regulatory filing on April ... Read More


UP RERA imposes penalty of Rs.5000 on a property buyer for filing multiple complaints and misusing the process of law

India, April 23 -- Uttar Pradesh Real Estate Regulatory Authority, has for the first time, imposed a penalty of Rs.5000 on a property buyer who had filed a complaint for the fourth time for delay in p... Read More


Cost of real estate construction in India expected to go up by 6% in 2024; Mumbai most expensive city

India, April 23 -- The overall construction cost in the country will experience an average increase of 6% across various sectors in the financial year (FY) 2024, according to JLL's latest Construction... Read More


World Earth Day 2024: More than half of India's A Grade office stock is now sustainable

India, April 22 -- Sustainability has now been incorporated into the boardroom agenda. Almost 56% percent of India's Grade A office stock spanning 815 mn sq ft is now green. The cities leading the dem... Read More


Bengaluru-based RMZ Corporation exploring real estate expansion opportunities in the US, EU and UK

India, April 22 -- Bengaluru-based RMZ Corporation is westward bound. The company wants to be an 'Indian founded but a global alternative asset owner.' It is actively pursuing real estate deals in the... Read More