Lodha Group Owner Abhishek Lodha Transfers Shares to Philanthropy Foundation

On Diwali, Abhishek Lodha, CEO of the Lodha Group, announced the transfer of a substantial portion of his shareholding in Macrotech Developers to the Lodha Philanthropy Foundation. With an initial corpus of ₹20,000 crores, the foundation will focus on empowering women, supporting children’s education, promoting environmental sustainability, and preserving Indian culture. This move underscores the Lodha family’s commitment to societal development while enhancing the philanthropic impact of their business success.

Signature Global Awards ₹1,203 Crore Construction Contract for Titanium SPR Project to Capacit’e

Signature Global has announced the awarding of a ₹1,203 crore construction contract for its Titanium SPR project in Gurugram to Capacit’e Infraprojects. Spanning 14.382 acres, the development will feature 608 premium residential units and over 55 exclusive amenities. With a focus on luxury and modern living, Titanium SPR aims to become a landmark in the Delhi NCR region, strategically located alongside the Southern Peripheral Road.

Paving the Way for a Sustainable Future, One Green Building at a TimeBy Mahesh Prabhu, Chief Executive Officer of Century Real Estate Holdings

In a rapidly urbanizing world, the role of real estate in fostering sustainable environments is crucial. Mahesh Prabhu, CEO of Century Real Estate Holdings, highlights the significant increase in green-certified office space leasing, with 13 million sq. ft rented in the top six Indian cities in Q2 2024. This trend underscores the growing importance of Environmental, Social, and Governance (ESG) principles in real estate development, as companies prioritize energy efficiency, water conservation, and the integration of green spaces to meet the challenges of climate change.

Indian retail sector booms: 5.3 million sq. ft leased in top 7 cities during first 9 months (Jan-Sept) of 2024

The Indian retail market demonstrated remarkable resilience in 2024, with gross leasing reaching 5.3 million sq. ft across the top seven cities during the first nine months. Led by Bengaluru, Delhi NCR, and Mumbai, demand was particularly strong for fashion and apparel, which accounted for 37% of leasing activity. Despite limited new retail space, the influx of domestic and international brands signals a growing optimism in the sector, with expectations to exceed 6.5 million sq. ft by year-end.

Indian Real Estate Developers Raise Rs 12,801 Cr Through QIPs in 2024

In a notable shift post-pandemic, Indian real estate developers have successfully raised INR 12,801 crore through Qualified Institutional Placements in 2024. This surge is attributed to enhanced transparency and a robust recovery in residential sales, with significant contributions from leading firms like Macrotech Developers. As the market continues to grow, investor confidence remains strong, positioning the sector for ongoing expansion.