Real estate – daily digest

Evolving demographics, shifting social norms, a surge in entrepreneurship, increasing digitization and a hybrid working culture have significantly reshaped the patterns of real estate consumption, prompting the demand for fresh segments. Over the years, residential real estate has been the only recall factor when one thinks of real estate in India. However, the fascinating expansion of… Read more

The share of America, the conventional highest contributor in real estate investments, dipped to 23% in 2023 compared to 52% in 2022, said a report by JLL The real estate sector in India attracted over $5.8 bn institutional investments across 53 deals in 2023, a 14% percent increase compared to 2022. However, looking ahead to… Read more

Synopsis: Demand for Dubai property is booming as the government’s handling of the pandemic and its liberal visa policies attract more foreigners. The luxury end of the market is also benefiting from an influx of investors such as Russians seeking to shield their assets, crypto millionaires, and rich Indians setting up second homes. Sales of… Read more

Employment hubs of Gurugram witnessed the highest 32.1 percent YoY appreciation in property price, followed by Greater Noida (31 percent YoY), Noida (26.1 percent YoY), and Hyderabad (15.8 percent YoY). Property prices across 13 major cities in India soared 18.8 percent year-on-year (YoY) and 3.97 percent quarter-on-quarter (QoQ) in October-December 2023 with cities such as… Read more

The state government’s stamp duty collections for 2023 stood at ₹5352 crore; the share of properties valued over ₹1 crore also increased Property registrations in Pune for the period of January to December 2023 reached a total of 152,323 marking a 9.6% increase compared to the previous peak year. The total amount collected in stamp… Read more

While there are potential benefits expected with the introduction of MSM REITs, the long-term impact would have to be seen on the investors and the FOP business model. As of September 2014, India approved creation of real estate investment trusts in the country. Real Estate Investment Trusts (REITs) can invest in real estate assets located… Read more

Downpayments, a real estate fintech startup, is emerging from stealth today with the mission of helping investors purchase new properties with interest-free down payments. It’s a lofty claim. The Miami-based startup, which spun out of Australian company Futurerent last October, says it’s able to give investors a way to leverage their existing equity toward making… Read more

Evergrande: The crucial difference between China and India’s real estate markets is that India’s property market has shown stable demand from homebuyers A Hong Kong court on January 29 ordered the liquidation of embattled Chinese real estate giant Evergrande, a move that is likely to impact China’s financial system and the confidence of global investors.… Read more

The realty firm plans to invest about Rs 300 crore beyond the land cost to develop the ultra-luxury housing project, through its subsidiary ‘Terra Grande’. With the goal of tapping into the rising demand for high-end second homes, Delhi-based Eldeco Group has bought a 30-acre land parcel near Kasauli, Himachal Pradesh, to develop ultra-luxury holiday homes with an… Read more

A significant milestone in Evergrande’s history arrived in 2009 when Hui Ka Yan (Xu Jiayin) orchestrated the company’s listing on the Hong Kong Public Stock Exchange (SEHK). “In the annals of Chinese real estate, Evergrande Real Estate Group Ltd emerges as a testament to entrepreneurial vision and rapid growth. Established in 1996 during a period… Read more

From Alia Bhatt’s triple treat to Ajay Devgn’s office oasis: Bollywood’s biggest real estate moves unveiled. In the year 2023, Bollywood luminaries have spared no expense in their real estate ventures. Notable names such as Alia Bhatt, Kartik Aaryan, Samantha Ruth Prabhu, and more have made significant property acquisitions. The trend extends beyond residential spaces,… Read more

Synopsis: The affordable housing market saw strong growth in Ahmedabad (62%) and Kolkata (48%) while luxury properties were most searched in the Mumbai Metropolitan Region (90%), New Delhi (58%), and Gurugram (48%). Residential supply (listings) reduced by 16.9% from a year earlier, but Mumbai (4.2%) and Hyderabad (0.4%) saw an increase in supply. The affordable… Read more

It’s not just Delhi-NCR. Luxury properties in all big cities are on fire. Mumbai, the country’s largest and most expensive real estate market, has been setting new benchmarks with property transactions. Several large-ticket record-setting transactions involving industrialists, CXOs, actors, and sports personalities have been taking place. The super rich are buying luxury apartments in record… Read more

The NRI can execute a SPA in favour of the attorney based in India and where the immovable properties are located. The special power of attorney will have to be registered and stamped as per the applicable state laws. (iStockphoto) Can a non-resident Indian (NRI), who owns several properties in India but is not able… Read more

EcoRatings, a New York-based sustainability assessment startup, has recently raised an undisclosed amount in a pre-seed funding round from EvolveX, a startup accelerator program by We Founder Circle (WFC).  What does EcoRatings do? Founded by Aditi Balbir, Aqeel Ahmed, and Shruti Anand, EcoRatings is known for providing numeric sustainability ratings based on the United Nations’ 17 Sustainable Goals Framework.… Read more

Bengaluru witnessed growing interest in alternative real estate investments like senior living and co-working spaces, as investors seek avenues for wealth creation beyond traditional residential investments. Bengaluru sees growing interest in alternative real estate investments like senior living and co-working spaces, as investors seek avenues for wealth creation beyond traditional residential investments. “Bengaluru has witnessed… Read more

In an exclusive interview, Aman Gupta of RPS Group talks about the growth prospects of Faridabad’s real estate market, and shares his views on how does this region compare with Noida and Gurgaon in tеrms of infrastructurе, amеnitiеs, lifеstylе and invеstmеnt opportunitiеs. Faridabad, Noida, and Gurgaon еach have their unique attributеs. Faridabad еxcеls in affordability,… Read more

The housing unit is located in the project Oberoi 360 West in Lower Parel. The buyer has paid a stamp duty of ₹5.82 crore, registration documents showed. Vratika Gupta, founder of a well-known decor brand Maison SIA, has bought a luxury apartment in Mumbai for more than ₹116 crore in Oberoi 360 West, documents accessed by… Read more

The apartments on the first floor are located in the Lokhandwala Complex, Andheri West, Mumbai. Boney Kapoor and his two daughters Jahnvi Kapoor and Khushi Kapoor have sold four flats in Andheri West, Mumbai for over ₹12 crore, property documents accessed by Zapkey.com showed. They have sold two flats in Andheri West, Mumbai for ₹6.02 crore. The… Read more

The sale deed showed that the apartment is 6428 sq ft and comes with three car parkings. A stamp duty of ₹1.98 crore has been paid on the transaction Deep Kalra, founder and chairman of MakeMyTrip has sold an apartment in DLF Magnolias in Gurgaon to Rajesh Magow, co-founder and Group CEO, for ₹33 crore, documents… Read more