NAREDCO Maharashtra NextGen Partners with Brigade REAP to Boost PROPEL, Empowering Emerging Real Estate Entrepreneurs

NAREDCO Maharashtra NextGen has joined forces with Brigade REAP to enhance PROPEL, a program supporting emerging entrepreneurs in India’s real estate sector. The partnership will provide startups with funding, mentorship, and strategic guidance, showcasing the potential of PropTech innovation at the upcoming Excelerate 3.0 event.

Blox Acquires Strategic Stake in Guardians,

Blox, India’s leading digital real estate platform, has acquired an 11% stake in Guardians for $12 million, with plans to increase its stake to 50% in the next three years. This acquisition strengthens Blox’s position as India’s largest real estate seller, targeting $10 billion in Gross Transaction Value (GTV) over the next 3-5 years. Combining AI-driven tech with a unique D2C and broker-led B2B2C model, Blox is reshaping how developers, brokers, and buyers interact in India’s booming real estate market.

Bengaluru Registers Rs. 15,739 Crore in Residential Transactions in Q3 2024, North Bengaluru Leads Market Activity

Bengaluru’s residential real estate market recorded Rs. 15,739 crore in transactions during Q3 2024, reflecting a slight dip from the previous year. North Bengaluru leads in activity, while developers like Embassy and Prestige Group topped sales value. Despite a decline in total transactions, demand remains strong, driven by infrastructure development and a shift in housing preferences.

Strong Performance in India’s Commercial Real Estate Market in H1 2024 Driven by Infrastructure, Demand, and Optimism

India’s commercial real estate market showed positive growth in the first half of 2024, driven by strong demand for office spaces in key cities like Mumbai, NCR, Bengaluru, and Chennai. Infrastructure development, economic recovery, and evolving work models are fueling leasing activity across the country.

Shahid Kapoor Leases His Worli Apartment for Over Rs. 20 Lakh Per Month

Shahid Kapoor has leased his luxurious Mumbai apartment in Three Sixty West to Dipan Bhuptani of D’Decor Home Fabrics for over Rs. 20 lakh per month. The five-year lease agreement, registered in November 2024, features a tiered rental structure and a rent-free period for the first 10 months.