Ultra-Luxury Homes Sales Surge to INR 2,443 Cr in Eight Months

The ultra-luxury real estate market in India saw INR 2,443 crore in sales through August 2024. Mumbai leads with 21 transactions valued at INR 2,200 crore. Prices for ultra-luxury homes have risen, with significant jumps in properties over INR 100 crore. Anuj Puri of ANAROCK anticipates more high-value deals as the year progresses.

Arbour Investments Partners with Justo Realfintech in $7 Million Deal

Arbour Investments has invested $7 million in Justo Realfintech, acquiring a significant stake to expand its presence in the mid-market real estate segment. The deal includes $5 million in equity and $2 million in debt, boosting Arbour’s service offerings and providing Justo with financial and strategic support for accelerated growth.

Chennai, Ahmedabad, and Kolkata: Most Affordable Metros for Residential Investments, Reports Magicbricks

Magicbricks’ report highlights Chennai, Ahmedabad, and Kolkata as the most affordable cities for residential investments in 2024, with a Property Price to Income Ratio of 5. In contrast, Mumbai and Delhi are among the least affordable. The report also notes a significant rise in the EMI-to-income ratio, reflecting growing affordability concerns.

Marudhar Rocks International Secures INR 150 Crores Investment from Bharat Value Fund

Marudhar Rocks International has successfully secured INR 150 crores from Bharat Value Fund, gaining a 6.5% equity stake. This investment values the company at approximately INR 2300 crores and will aid in enhancing Marudhar’s production capabilities and global market presence.

MHADA Receives Over 50,000 Applications for 2030 Homes in Mumbai Lottery; Deadline Extended

MHADA’s housing lottery for 2,030 homes in Mumbai has received over 50,000 applications, with the deadline extended to September 19. The authority has also reduced prices for 370 units.