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New York Life Insurance Company invests Rs.388 crore into Max Estates; to acquire 49% stake in Max Estates' two offices

India, May 1 -- New York Life Insurance Company has invested Rs.388 crore to acquire a 49% stake in two operational office complexes of Max Estates, the real estate arm of the Max Group, the company s... Read More


American Express to open 1 million sq ft campus in Gurugram

India, May 1 -- American Express will open its nearly one-million square feet new campus located in Sector 74A, Gurugram, Haryana, the company said in a statement. The company's employees will begin ... Read More


MakeMyTrip's Deep Kalra, Den Network's Sameer Manchanda own luxury flats in DLF's The Camellias in Gurugram

India, May 1 -- Conveyance deeds of four properties worth Rs.127 crore have been registered in DLF's uber luxury project 'The Camellias' in Gurugram. The buyers of these apartments are MakeMyTrip's De... Read More


Luxury homes priced over Rs.4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities

India, April 30 -- Luxury housing units priced more than Rs.4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. The percentage share of the luxu... Read More


Mumbai records more than 11,500 property registrations in April 2024; Rs.1,043 crore collected in stamp duty

India, April 30 -- As many as 11,504 units were registered in Mumbai in April 2024 up by 9% year-on-year, adding over Rs.1,043 crore to the state exchequer. Compared to the same time previous year rev... Read More


Office absorption touches 134 lakh sq ft in Q1 2024; up by 13% year-on-year: report

India, April 29 -- Office absorption increased by 13% to 134 lakh sq ft in Q1 2024 from 118.5 lakh sq ft in Q1 2023 on the back of 'Return to Office' mandate by several corporates, a report by Vestian... Read More


Non-resident Indians from the US dominate real estate sales in Bengaluru; 2BHK and 3BHK housing units most popular

India, April 29 -- Bengaluru continues to attract non-resident Indian buyers who account for almost 15% of housing sales in the city. The demand for real estate in the IT capital is primarily driven b... Read More


ASK Property Fund announces exit of Rs.350 crore from QVC Realty projects, delivers around 20% IRR

India, April 29 -- ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset and Wealth Management Group, has announced an exit of Rs.354 crore from its investment in three ... Read More


Prestige Group sells Rs.1300 crore worth of uber luxury residences in South Mumbai

India, April 29 -- Prestige Group, a real estate developer, has sold Rs.1300 crore worth of uber luxury residences in South Mumbai within the first three months of pre launch, the company said in a st... Read More


Bengaluru tops list of cities with highest rental yield of 4.45% in Q1 2024; Mumbai second with 4.15%

India, April 29 -- Bengaluru topped the list of cities with the highest rental yield of 4.45% in Q1 2024 followed by Mumbai at 4.15% and Gurugram at 4.1%. This was primarily on account of corporates a... Read More