Bangalore-based real estate developer SOBHA Limited has witnessed a 52% increase in quarterly sales YoY, with high sales numbers and solid operational performance, resulting in sales of Rs. 11.45 billion and a sales volume … READ FULL STORY
Puravankara registered sales of Rs 513 crore from ongoing projects according to its Q1FY23 results. The total area sold stood at 0.69 msft. Financial highlights for Q1 FY 2023 Consolidated Revenues stood at Rs … READ FULL STORY
The union cabinet, on August 10, 2022, extended the deadline of the government’s flagship Pradhan Mantri Awas Yojana-Urban (PMAY) mission till December 31, 2024. The move will help states in India complete homes that … READ FULL STORY
Mindspace Business Parks REIT, the owner and developer of quality Grade-A office portfolio located in four key office markets of India, saw committed occupancy of its portfolio jump by 1.3% to 85.6% in the … READ FULL STORY
Institutional investment in real estate stood at $2.3 billion during the first half of the first half of the year 2022 (H1 2022) as against $3.2 billion of investment seen in H1 2021, depicting … READ FULL STORY
Prestige Estates registered sales of Rs 30, 121 million up 310 % YoY and clocked collections of Rs 21,464 million up 110% YoY, according to its Q1FY23 results. Prestige Group sold a total of … READ FULL STORY
In the normal course of events, the sequence is as follows: an apartment is purchased, then you get it checked before moving in, then you move in. Thus far we have made sure the … READ FULL STORY
The push for the digitisation and growing stakeholder confidence during the pandemic has manifested into the bull run of private equity investments in the PropTech firms, which reached an all-time high of USD 0.7 … READ FULL STORY
Real estate developer Brigade Group has entered into definitive agreements to develop prime land parcels in Chennai and Bengaluru, with a total revenue potential of Rs. 4,000 crore in the next four to five … READ FULL STORY
According to real estate consultancy firm JLL’s report, Hotel Momentum India (HMI) Q2, 2022, the Indian hospitality sector has witnessed robust growth in Q2 (April to June) 2022, mainly due to the demand for … READ FULL STORY
Ram Kirpal is a construction worker in Noida but he goes back to his native place in Bihar every harvest season. Agriculture continues to be his main occupation. He says that he works on … READ FULL STORY
India’s largest housing finance company HDFC has increased its retail prime lending rates by 25 basis points, with effect from august 9, 2022. The Mumbai-based bank made this announcement in a late night move … READ FULL STORY
Chennai city will get its second airport at Parandur, announced Tamil Nadu chief minister M K Stalin. The Tamil Nadu government has zeroed in on the Parandur site for the development of the Greenfield … READ FULL STORY
