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CREDAI’s strategic collaboration with IIMA unveils advanced real estate leadership programme

This initiative, exclusively available to senior management of CREDAI-affiliated real estate firms across India, aims to provide strategic insights and skills essential for navigating the challenges of the rapidly evolving real estate market.




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Brigade Enterprises to build a high-rise residential project at Perambur by investing ₹620 crore

It acquired the land from PVP ventures




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Nyati Group onboards Navigo’s futuristic capabilities to boost sales 

The move aligns with the Group’s vision of utilizing cutting-edge technology to improve the home-buying experience and boost operational efficiency in property sales




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KBC Global launches new real estate project in Nashik

The project marks an essential phase in KBC Global’s international ventures, promising residential complexes, low-cost housing and commercial spaces within Liberia’s SEZ




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Puravankara posts 18% sales growth, nets ₹1,331 cr in Q2FY25

The company’s cumulative sales value reached Rs ₹2,459 crore in H1FY25




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Godrej Properties acquires six land parcels in Jul-Sep to build projects worth ₹9,650 crore

Godrej Properties’ business development additions of ₹12,650 crore in April-September ensure a strong launch pipeline for years to come, says company’s MD & CEO Gaurav Pandey




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Interest subsidy to be provided only once for a property under PMAY-U 2.0

Affordable housing transactions could be impacted due to clause




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Real estate transactions drop 71% in Q3 2024, private equity dominates

Despite the overall fall, the number of deals rose 5% quarter-on-quarter and 54% year-on-year, with a potential revival in Q4. 




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Bengaluru Airport City Ltd breaks ground for 2 million sqft Business Park to boost GCC growth

The Airport city is expected to host a network of business parks comprising 52 per cent of its overall development




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Chennai suburbs drive high-rise residential unit growth

Locations like Kelambakkam, Kundrathur and Mangadu are today hotspots for new launches




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Shapoorji Pallonji Real Estate launches joint venture luxury housing project in Gurugram

The joint venture with Kanodia Group’s real estate venture KREEVA has an estimated revenue potential of ₹1,200 crore




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Godrej Properties wins bid for 6.5-acre land parcel in Mumbai’s Kharghar, stock advances 

The developer plans to build a premium residential project with an estimated revenue potential of ₹3,500 crore




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Micromitti Real Estate Ventures plans to launch REITs

Micromitti will use technology to enable fractional ownership to provide flexibility and strong returns for retail investors, says Founder & CEO Manoj Dhanotiya




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Housr plans to open around 30 co-living centres with 3,000 beds

Housr aims to have over 8,000 beds in 100 properties by March 2025




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Baashyaam to invest ₹420 crore to develop the commercial-cum-residential property Crowne Plaza

The units in the property, which once used to be a famous hotel, will be one of the costliest in the city




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Hyderabad real estate developers shake off HYDRAA blues

The body said that CM Revanth Reddy’s assurance that buildings with approvals will not be touched has instilled confidence in investors




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Pune’s home sales value surges 19% in Q3 2024 despite a slight dip in transactions

Based on data from the Inspector General of Registration (IGR), the city’s home sales value jumped 19 per cent year-on-year (YoY), reaching ₹13,865 crore




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Godrej Properties Q2 net profit surges fivefold; bottomline aided by deferred tax liability

During the quarter, Godrej Properties sold houses worth ₹5,198 crore, up 3 per cent on year while collections rose 68 per cent to ₹4,005 crore




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Housing loan growth slows as interest rates and property prices surge

Recent data from the RBI on gross bank credit by major sectors shows that the year-on-year growth in housing loans was 13.1 per cent in August 2024, a steep drop from 40.5 per cent in August 2023.




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Embassy REIT Q2 NOI up 12%; raises leasing guidance for FY25

Over half of its properties across Bengaluru, Mumbai and Chennai saw an average occupancy of around 95 per cent




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Mindspace REIT NOI crosses ₹500 cr for first time in Q2

The REIT reported 6 per cent higher revenue at ₹623 crore




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Across cities, rising residential rents pinch tenants

Home rents have shot up by 26-67 per cent leaving consumers with little money for discretionary spending




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DLF Q2 consolidated net profit up 121 per cent

Consolidated revenues saw a 48 per cent increase y-o-y to ₹2,181 crore. It stood at ₹1,477 crore in the year-ago-period.




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DLF's sales bookings rise 66% to ₹7,094 crore from April to September despite weak Q2

DLF's sales bookings jumped over three-fold to around ₹6,400 crore during the first quarter of this fiscal from ₹2,040 crore in the year-ago period




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Macrotech Developers to initiate housing projects worth ₹10,000 crore by March in MMR, Pune, Bengaluru

New projects come in the wake of Macrotech Developers reporting a 21 per cent increase in sales bookings to a record ₹4,290 crore during the July-September period earlier this month




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Realty firms account for 17% of QIP money raised this year

Of the ₹75,923 crore raised via QIPs till September, realty firms raised ₹12,801 crore




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Festive season pushes demand for new houses

There is a growing demand for houses priced above ₹2 crore




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Property prices rise across cities fuelled by demand, costs, rental yields

A major reason for the spike in prices is also due to higher construction costs




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EFC gets SEBI nod for India’s first small & medium REIT IPO 

With plans for a ₹500 crore IPO through its subsidiary, EFC REIT, the company aims to enhance its investment management and commercial real estate operations.




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WeHouse streamlines home construction with transparency, expands to Tier-II cities

By dividing the construction journey into 24 well-defined milestones, the startup provides clients with complete visibility into their projects, aligning payments with milestones to build trust




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October home sales soar in Mumbai; Builders to keep the frenzy going

According to state government data, it has garnered revenue of over ₹1,200 crore as stamp duty from the city alone




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Realty sector rises 63%, outshining Nifty50; more firms eye IPOs

The sector is attracting new entrants via record IPOs, with seven listings raising ₹13,550 crore in 2024, showing strong investor interest in this thriving market.




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Sattva Group plans ₹14,000-crore investment to build 80 m sft of residential, commercial projects

Co-living space a focus area for Sattva Group, eyes co-living capacity of 15-16,000 beds by year-end




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DLF to invest ₹8,000 cr to build super-luxury project in Gurugram

The company will develop around 420 apartments in this project




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Biz families of Tier-II cities drive-up ultra luxury residential demand in North & West India

‘The Dahlias’ – realty major DLF’s upcoming super-luxury residential project in Gurgaon with units priced upwards of ₹80 crore – is witnessing active buyer interest from some of these Tier-II city-based business families




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IHCL acquires majority stake in Tree of Life Resorts, plans major expansion 

IHCL plans to expand the Tree of Life portfolio from its current 19 properties (plus 2 under development) to 100 properties by 2030




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Brookfield India REIT Q2 results: NOI up 40% YoY

Brookfield REIT gross leased 1 million square feet with a spread of 19 per cent driven by a strong revival in SEZ demand




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Brigade to invest ₹800 crore to develop 1 million sq ft residential apartments in West Chennai

West Chennai is one of the fastest growing parts of the city




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IBBI pushes for land authorities to join CoC meetings in real estate insolvency cases

Releases discussion paper to revamp real estate insolvency, addressing seven key areas




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Call to use of path-breaking technology in construction sector

Adoption of insulation technology is currently delivering substantial benefits, including a massive 80 per cent reduction in energy utilization for homes using air conditioning




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Non-IT services tenants, SEZ conversions aid occupancies in REITs

Brookfield India Real Estate Trust, which was hit by exits by tenants in the IT and IT services segments, has only 26 per cent of its tenant base in the technology sector




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Interarch Building Products plans to double turnover to ₹2,500 cr by 2028

The company, which got listed recently, clocked a turnover of ₹1,293 crore in FY24




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‘India an outlier as global real estate slowly returns to normalcy’

The big difference with India is that we saw when the GCCs retracted for a time, the Indian domestic market filled that void. And we’re about to see the largest take-up in offices probably in 2024. And that is a strong diversified market: William Beardmore-Gray




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Choices galore for home interiors




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Artisans’ best

For the best in crafts and handloom at the ongoing Orissa Crafts Fair at VJT Hall




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Swapping old ones for new




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Lepakshi crafts mela gets under way

The exhibition was launched by Revenue Divisional Officer S. Venkata Rao and can be called as the perfect place to shop for college-going girls.




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Craft mela by Rakalai Handicrafts




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Exquisiteness that holds charm




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Making art with a workman’s passion

Cedric Misquitch works nearly nine hours to handcraft a single leather wallet