Search Results: real estate sector (2151)

Reports High End Property, Luxury Property, Luxury Property in India, High End Property Sale, High End Property Supply, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalists

37% surge in high-end property sales in Q1 2024: PropTiger

According to the report’s findings, Q1 2024 marked a discernible shift towards high-end properties among homebuyers. Notably, the share of properties priced at INR 1 crore and above in sales surged to 37%, a significant increase from the pre-pandemic levels of 2019, more than doubling in magnitude. During this period, there was substantial growth (50-55%) in demand observed within the INR 1-5 crore price bracket, closely followed by the INR 5-10 crore range, particularly evident in cities like Mumbai, Gurugram, and Bengaluru. This transition signifies a departure from purely budget-driven decisions towards properties that better resonate with buyers’ lifestyle preferences.

Network Central Park Bignonia Towers, Amarjit Bakshi, Gurugram Property, Sohna Property, Golf Course Extension Road Property, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists

Central Park launches Bignonia Towers; books INR 500 crore at the launch

Central Park launches Bignonia Towers, a high-rise project in Sohna, Gurugram. Located in Central Park Flower Valley, the project features 3 and 4 bedroom apartments that include 193 units with a minimum area of 3805 sq. ft. and maximum area of 5581 sq. ft. The project is located along Delhi-Mumbai Expressway and Gurugram-Sohna Elevated Corridor with connectivity to NH-48, SPR, Golf Course Extension Road.

Case Studies

Tier-II cities closing the gap with Top-8 as property prices surge by 10-15%

Soaring economic activity, infrastructure development, and reverse migration are driving double-digit property price appreciation in emerging urban centers of Tier-II cities, says “The Bharat India Report” by Housing.com. Housing.com, has released its inaugural “The Bharat in India” report that highlights remarkable growth trends in Tier-II city real estate markets across the country. It highlights how these once overlooked urban centers are rapidly closing the gap with their Tier-I counterparts. This growth is fuelled by economic diversification, rising consumer demand, and reverse migration patterns accelerated by the pandemic.

Consumer Connect

How do you assess the true value of your house?

The market price of property in India is not always in sync with its intrinsic value. The home buying experience of Rajesh Kalra, a professional in Mohali, soured at the time of possession. He had negotiated with the builder and till that point of time believed that with his negotiation skills he made a good bargain for the same. But once in the house he got to know through the neighbour next door that the other person bought at around INR 4 lakh lesser price.

Beyond Headlines Land Parcel, Land Acquisition, Land Deals, Land Purchase, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Real Estate Journalist, Best Real Estate Website, Best Property Portal

Puravankara acquires 12.75-acre land parcel in Thane

Puravankara Limited, India’s 5th best real estate brand (as per Track2Realty BrandXReport), has acquired 12.75 acres of land in Patlipada on Ghodbunder Road, Thane, by its wholly-owned subsidiary company, Purva Oak Private Limited. The land has an estimated potential carpet area of 18.20 lakh sq ft and a potential GDV of INR 4,000 crores over the project lifecycle.

Reports Global Capability Center, GCC, Leasing in India, Commercial Leasing Space, Commercial Property in India, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

Leasing by global capability centres in India records 22.5 mn. sq. ft. in FY 2023-24

GCCs have become an important catalyst for change in the Indian office sector. With 1.3 mn talent as of 2019, the sector saw a 30–35% share of total office leasing in India in 2017-2019 period with over ~1250 operational GCCs. Between 2020-2022 period, GCCs accounted for 38–43% of the total leasing, housing over 1580 operating GCCs with a talent pool of 1.66 mn as of 2022. We anticipate that during 2023-2025 period, the GCCs will account for a significant 35–40% of the total office leasing. Moreover, India has been a leader in the growth of GCCs, expected to host over 1,900 GCCs by 2025 with a professional talent pool that exceeds 2 mn.

Consumer Connect

Is there any custodian of due diligence in Indian housing?

Housing project is approved by the government agency; RERA; and banks & financial institutions! Shouldn’t this be enough to instil confidence of the home buyers that the housing project is safe to invest? How could otherwise a builder with poor execution capabilities or fiscal imbalance cross the three eyes of scrutiny and dodge the bullet at each and every level of checks & balances? Track2Realty questions as to who is the custodian of due diligence in the housing market?

Company News Fiscal Performance, Quarterly Results, Real Estate Financial Results, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Websites, Real Estate Journalists

Puravankara reports highest ever sales of INR 5,914 crore in FY24; revenue up by 61%

For FY24, sales stood at INR 5,914 crores, a staggering 90% Y-o-Y increase. Sales volume increased by 84% to 7.36 mn sq ft with INR 3,609 crores in collections (+60% Y-o-Y). Total revenue increased by 61% Y-o-Y to INR 2,260 crore. Operating cash inflows for FY24 stood at INR 3,948 crores (+41% Y-o-Y), while net operating surplus was INR 513 crores (+598% Y-o-Y). Focused on value creation and future business growth, the company has incurred expenses for marketing and sales to increase pre-sales by 90% and towards General and Administrative (G&A) costs for new acquisitions in new geographies, which is reflected in the P&L.

Policy

RBI’s proposed project finance norms boon or bane?

The stock market in general and banks, realty stocks & shares of infrastructure finance companies in particular reacted sharply to the draft proposal of the Reserve Bank of India (RBI) that suggested tighter project financing norms of banks to project financing. The Indian real estate projects already weathering headwinds to attract project finance immediately swung into cost & benefit analysis. Though most of the leading developers were cautious in giving critical reactions, privately they all maintained that the RBI should have rather looked into the funding gap of the viable under construction real estate projects with cash receivables in the pipeline. A Track2Realty analysis.

Network Under Construction Projects, Under Construction Houses, New Project Launches, New Housing Launch, Bengaluru Property Market, Bengaluru New Projects, Bengaluru Housing Projects, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal, Real Estate Journalists

Assetz Property Group launches residential project in North Bengaluru

North Bengaluru has emerged as a real estate hotspot in recent years due to the presence of the Kempegowda International Airport, major corporate offices, a host of recreational options, and the arrival of the next phase of Namma Metro in the near future. An integral part of North Bengaluru is the 3,000-acre KIADB Hardware & IT Park which is home to many Aerospace and IT campuses surrounded by well-planned infrastructure, ample green parks and open spaces, retail spaces, and more. Since this area has been witnessing increased interest from homebuyers over the last few years, a high-end residential project like Assetz Sora & Saki aims to cater to the discerning tastes of the new-age home buyers.

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