The real estate giant DLF has a few residential launches planned for Gurugram, Panchkula, Chennai, and Mumbai this financial year, sum up about Rs 20,000 crore. A high-rise luxury residential building is being built in the centre of Chennai, a mid and high-rise is being built in New Gurugram Sector 76 and 77, and a residential low-rise is being built in Chandigarh Tri-city. We are planning a few...
Birla Estates has just finalised five projects across Bengaluru, Mumbai, Pune, and Delhi, with a potential income of about Rs 9,000 crore, according to KT Jithendran, managing director and CEO of Birla Estates Private Limited. Birla Estates intends to begin new projects and phases in major cities. These will include ultra-luxury projects in Mumbai, luxury projects in Bengaluru, and mid-segment...
The real estate market saw a tremendous improvement in the first quarter of financial year 2023, with home sales in the top 7 cities topping 100,000 units. In addition, the new launches have increased significantly Year on Year by 23%, from 89,140 units in quarter one 2022 to roughly 110,000 units in 2023. In top seven Indian cities, Delhi-NCR stands out as the leader in terms of new home...
Tata realty and infrastructure limited plans to launch 9 million square feet of residential real estate inventory with a topline of Rs 11,000 crore over the next four years. We are putting 70% of efforts on premium luxury projects and the remaining on affordable and mid-segment projects, said by Sanjay Dutt, MD and CEO at TRIL. He claimed that locations like Bengaluru, Mumbai, and Delhi NCR will...
Experion Developers' has purchased three land parcels in the Delhi-NCR for Rs 1,100 crore for new residential and commercial development. Experion Developers is a 100% FDI-funded real estate developer supported by Singapore's Experion Holdings. A 4-acre land piece on Gurgaon's Golf Course Road was purchased for Rs 400 crore, and a second 5-acre parcel in Noida's sector 45 was purchased for Rs 250...
According to CBRE's 'India Market Monitor Quarter 1 2023' study, the luxury residential market in India will continue to rise in sales and launch activity in 2023 for the second year in a row. An increase of over 151% Year on Year was registered between January 2023 and March 2023. Delhi-NCR is currently in first place, with a 216% rise in luxury housing sales in Quarter 1 2023 compared to Quarter...
Listen To The Article The data analytics company PropEquity revealed that the unsold housing stocks reduced by 6% between January and March to approximately 5.18 lakh units across 14 Indian cities, compared to the prior quarter. Between the first trimester of the year, unsold inventory decreased from 5,48,217 units to 5,17,879 units. Housing sales were 1,23,938 units during the January to March...
Listen To The Article Renowned developers and foreign funds focused on Delhi-NCR and Mumbai to invest in land acquisition throughout 2018–2022, as over 60% of the fund was used in these two major cities, according to an analysis conducted by property consultancy firm CBRE. Delhi-NCR attracts approx. 3.8 billion to acquire 1760 acres of land spread across 67 deals, while Mumbai witnesses 73...
Listen To The Article K Raheja Realty, a Mumbai-based real estate developer, has launched a premium ready-to-move-in residential property. Tower G at Raheja Residency in Malad East offers 2BHK luxury residences beginning at Rs 1.95 crore. The 20-story tower will have four units on each floor, and the early bird booking offer will begin around April 30, 2023. The property, which is in a good...
Listen To The Article The New Delhi Railway Station is set to undergo a major renovation this year, which will be completed in three phases. Initially, the station’s only platform was between platform 16 Ajmeri Gate and platform 1 Paharganj. The Indian government announced in 2022 that the New Delhi Railway Station would be renovated at the cost of Rs. 4,700 crores. The Union Cabinet had...