Top eight Indian cities record 9% on-year rise in Jan-Mar housing sales – ET RealEstate

Top 8 tier I Indian cities have recorded 9% on-year rise in residential sales at 69,697 apartments in the first quarter ended March led by activity in Mumbai region and Pune, showed data from Liases Foras Real Estate Rating & Research. In terms of growth, sales in Chennai witnessed maximum on-year growth of 31%, followed […]

Mahindra Lifespaces to buy 3.2 acres of land in Pune from Mahindra & Mahindra – ET RealEstate

Representative Image NEW DELHI: Mahindra Lifespace Developers has finalised the terms to purchase approximately 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra, the company said in a regulatory filing. The purchase is expected to be concluded in around six months, subject to the fulfillment of agreed conditions by both buyer and seller. […]

Embassy REIT expedites office property construction – ET RealEstate

Embassy REIT has said that large corporate clients have started soliciting request for proposals (RFPs) for 2023-24 and the company has expedited construction to meet future office space demand. “This is the opportunity to build the product and keep it ready. We are constructing 57 lakh sq ft in Pune, Bengaluru and Noida with the […]

Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1 – ET RealEstate

Property markets of Mumbai Metropolitan Region (MMR) and Pune are driving the most housing sales among the country’s top seven cities as indicated by the rising contribution of these markets in total sales led by reduction in stamp duty, discounts and appropriate product strategies of developers. MMR and Pune accounted for 53% of total sales […]

Very positive demand revival in residential sector: Mohit Malhotra, Godrej Properties – ET RealEstate

People are looking to buy homes, buy larger spaces and it has an implication for us from a product development perspective. But from a demand perspective, it has led to a very positive revival for the residential sector, said Mohit Malhotra, MD & CEO, Godrej Properties. Edited excerpts: What has been your outlook on the […]

Pune: Residents of Kamgar Putala to get homes at alternative sites – ET RealEstate

PUNE: Over 600 slum dwellers from the Kamgar Putala area in Shivajinagar will get houses at alternative locations as part of a lottery of homes, scheduled next week. The slum dwellers are being shifted to vacate the land for the Metro project. The Pune Municipal Corporation (PMC) and the Slum Rehabilitation Authority (SRA) had held […]

Office space leasing across India’s six major cities likely to grow 22% in 2021: Report – ET RealEstate

Office space absorption across India’s six major cities is expected to touch 41.3 million sq ft in 2021 marking a growth of 22% from last year despite the disruption caused by the pandemic in the last few quarters, said international property consultant Savills India. Of the major cities, the country’s financial capital Mumbai is likely […]

Share of studio apartments supply in top cities dips for first time in seven years – ET RealEstate

Representative Image Amidst rising demand for relatively bigger size apartments led by the COVID19 pandemic realities, property developers’ focus on compact studio apartments, which had emerged as a favourite option among urban millennials in the last few years, has come off. For the first time in the last seven years, the share of studio apartments […]

Definite to raise Rs 15 crore from investors for 15,135 sq ft space in Pune – ET RealEstate

NEW DELHI: Definite, which provides fractional real estate ownership to investors in commercial real estate, plans to raise Rs 15 crore from its individual private investors interested in buying a 15,135 sq ft commercial space in Magarpatta City, Pune. The spaces has a capacity to house two hundred plus people. It will provide fractional ownership […]

NRIs eye luxury homes post-pandemic; Bengaluru & Pune in high demand: Survey – ET RealEstate

The luxury residential real estate once again seeing huge interest from Non Resident Indians (NRIs) due to plethora of reasons that have made the last few months the best time to invest in a home after rising instances of delays and consumer activism in the last few years had impacted sales from this segment. ANAROCK’s […]