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RBI Monetary Policy 2024: Unchanged interest rates to encourage homebuyers to invest in real estate; boost housing sales

India, April 5 -- As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. The decision offers a sense of continuity and predictability to the real es... Read More


Bengaluru-based Puravankara crosses Rs.5,914 crore in sales in FY24

India, April 5 -- Bengaluru-based Puravankara Limited has recorded sales of Rs.5,914 crore in FY24, an increase of 90% compared to Rs.3,107 crore in FY23. Customer collections increased by 60 per cent... Read More


Ascott forays into North India; announces opening of apart'hotel in Gurugram

India, April 5 -- International hospitality brand, The Ascott Limited, has forayed into North India along with the real estate developer Paras Buildtech with the launch of its first serviced apartment... Read More


Godrej Properties sells homes worth Rs.2,690 crore in its new project in Mumbai

India, April 5 -- Mumbai-based real estate developer Godrej Properties Ltd has sold housing inventory worth Rs.2,690 crore in its new project, Godrej Reserve, located in Kandivali, Mumbai. The project... Read More


Office market surges to 16.2 mn sq ft transactions in Q1 2024; Residential sector keeps pace with sale of 86,345 units

India, April 4 -- Office space transactions across the top eight markets in India touched 16.2 million square feet (mn sq ft) in Q1 2024, marking a 43% year-on-year (YoY) growth in Q1 2024. As far as ... Read More


Prestige Group acquires 21 acres of land in Whitefield, Bengaluru, for Rs.450 crore

India, April 4 -- Listed real estate firm, Prestige Group, has acquired 21 acres of land in Whitefield, Bengaluru, for Rs.450 crore and plans to develop a residential project spanning 4 mn sq ft of de... Read More


Bengaluru-based online gaming firm Gameskraft buys land parcel in Gurugram for Rs.90 crore

India, April 4 -- Bengaluru-based online gaming company Gameskraft Technologies Private Limited has bought a land parcel spread over an area of 8.61 acres in Gurugram, Haryana, for Rs.90 crore, docume... Read More


What is the impact of Bengaluru's water crisis on real estate?

India, April 4 -- Housing sales in Bengaluru have dipped by 2% to 13,133 units from 13,390 units in the year-ago period due to a reduction in sales in the affordable category even as the office demand... Read More


Bengaluru water crisis: Has it impacted real estate sales?

India, April 4 -- Housing sales in Bengaluru have dipped by 2% to 13,133 units from 13,390 units in the year-ago period due to a reduction in sales in the affordable category even as the office demand... Read More


Anarock launches office leasing and advisory vertical, appoints Peush Jain as managing director

India, April 4 -- Property services group Anarock has announced the launch of its dedicated commercial office leasing services and the appointment of Peush Jain as managing director, corporate leasing... Read More