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Kanodia Group acquires land in Gurugram for Rs.153 crore; plans to develop a luxury housing project

India, April 16 -- Kanodia Group, which is into the cement business, has acquired a 1.74 acre land parcel in Gurugram for Rs.153 crore and plans to develop a luxury real estate project on it, the comp... Read More


Haryana RERA imposes penalty of Rs.6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

India, April 16 -- The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate firm, Vatika Limited, with more than Rs.6 lakh for violating the builder-buyer agreement provisions... Read More


Brigade Group to invest Rs.400 crore to develop office space in Chennai

India, April 15 -- Brigade Enterprises Limited will be investing Rs.400 crore to develop a commercial project in Chennai, the company said in a statement. The company has entered into a Joint Develop... Read More


Wellknown Polyester's CMD buys two luxury apartments in Mumbai for Rs.270 crore

India, April 15 -- Macrotech Developers, which uses the Lodha brand, has sold two apartments in its luxury project Lodha Malabar on Walkeshwar Road, Malabar Hill, one of Mumbai's posh areas, for Rs.27... Read More


Wellknown Polyester's CMD buys two luxury apartments in Mumbai for Rs 270 crore

India, April 15 -- Macrotech Developers, which uses the Lodha brand, has sold two apartments in its luxury project Lodha Malabar on Walkeshwar Road, Malabar Hill, one of Mumbai's posh areas, for Rs.27... Read More


74,486 housing units sold in Q1 2024; share of affordable housing sales decline

India, April 15 -- Housing sales in the first quarter (Jan-March) of 2024 witnessed a 20% increase compared to the same period in 2023, with 74,486 units getting sold in the top seven markets across t... Read More


Delhi RERA chief cautions real estate developers against falling into investors' trap

India, April 13 -- Real estate developers should not fall into the 'trap of investors' as this could affect their cash flows and result in projects getting stalled, Anand Kumar, chairman, Real Estate ... Read More


8 mn sq ft of mall supply likely to hit the market this year: Cushman & Wakefield report

India, April 12 -- Around 8 million square feet of retail supply is expected to hit the market this year. Over a third of the inventory is anticipated to be in superior category malls and nearly half ... Read More


Indian real estate expected to touch $1.5 tn by 2034; drive 15% of economic output: Knight Frank India - CII Report

India, April 12 -- The value of the Indian real estate sector will touch an estimated $1.5 trillion, constituting 15% of the total economic output by 2034. The residential market is expected to lead w... Read More


Industrial and logistics sector records 22.7% YoY demand growth in Q1 2024: Savills India

India, April 11 -- The industrial and logistics sector witnessed an absorption of 13.5 mn sq. ft. in Q1 2024 compared to 11.0 million sq. ft. in Q1 2023, representing 22.7% Y-o-Y growth. Tier I cities... Read More