The Noida Authority has introduced new rules to safeguard homebuyers in Noida. Now, when buying a new apartment, a "tripartite sale agreement" is required. This agreement involves the buyer, the builder, and the Noida Authority, and it must be signed once the buyer pays 10% of the apartment's cost to the developer. What’s New? In the past, buyers would only register their property after the...
NEW DELHI - Have you ever wondered what drives the bustling commercial hubs in major cities? One key player, DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC, is making waves with a remarkable 7% increase in rental income from office buildings, reaching ₹3,460 crore in the last fiscal year. The Power of Expansion and Appreciation DCCDL...
In the period of April to December of the current fiscal year, private equity (PE) investments in the Indian real estate sector witnessed a significant decline of 26%, totaling USD 2.65 billion, according to a report by Anarock. This decrease is attributed to the cautious approach adopted by both foreign and domestic investors in the wake of global uncertainties and elevated interest rates. Compared to...
In a recent report by JLL India, the Indian real estate sector is gearing up for substantial growth in the coming years, with projections indicating a potential 10 to 15 percent increase. Niranjan Hiranandani, Managing Director of Hiranandani Group, predicts that if the current growth momentum continues, India's GDP could touch an impressive 8 percent by the end of 2024. Hiranandani emphasized the role...
Bangalore-based real estate company Brigade Enterprises is excited to introduce Brigade Sanctuary, a large residential project located on the Whitefield-Sarjapur Road in Bengaluru. The project covers 14 acres and includes 1,275 housing units. This development is expected to contribute significantly to the company's revenue, with an estimated amount of around Rs 2,000 crore. Pavitra Shankar, the...
If you are looking for real estate investment opportunities in Bangalore, then you have come at the right place. Many areas of the city are witnessing massive infrastructural development by the Bangalore Development Authority, facilitating buyers to investing in properties of their choice. One such area id JP Nagar which lies in the south east part of Bangalore. Property market is currently on fire in JP...
On December 17, Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse (SDB), declaring it the "world's largest office building" covering a whopping 67 lakh square feet. The SDB aims to become a global hub for the diamond and jewelry trade, accommodating both raw and refined diamonds. During the inauguration, PM Modi expressed pride in adding another gem to Surat's glory, emphasizing the...
New Delhi: Over the past few years, there has been a discernible transformation in India's investment landscape, with a noticeable tilt towards real estate. Building on the substantial housing registrations observed in 2023, there exists a platform for 2024 not only to maintain this momentum but potentially exceed it. The post-COVID era has ushered in a significant shift in the sentiments of Indian...
Magnolia Quality Development Corporation (MQDC), a renowned Thai real estate developer, is currently engaged in discussions with local builders regarding potential projects in the National Capital Region (NCR).
Real estate company Prestige Group has launched a new high-rise residential project called Prestige Glenbrook in Whitefield, which is located in the IT hub of Bangalore. The project spans across 4.5 acres and comprises of 285 apartments across two towers with a developable area of 0.7 million sq ft. The project site is situated just five minutes away from the Nallurahalli metro station and is also in...