Square Feat India

Realty

Mall Vacancy Levels Down to 8.3% in H1 2024 amid Robust Leasing, Limited Supply

According to ANAROCK’s H1 2024 Retail RELEAP report, mall vacancy rates have dropped to 8.3%, the lowest in six years, as demand continues to outstrip supply. Over 3 million square feet of retail space was leased in the first half of 2024, with a significant demand for smaller spaces and a growing presence of exclusive watches and jewellery stores. The highest upcoming retail supply is expected in NCR, MMR, and Hyderabad, accounting for over 85% of new space.

December 9, 2024

Realty

K Raheja Corp Acquires Bayside Mall and Popular Press Building in South Mumbai for ₹355 Crore

K Raheja Corp has secured two prime properties in South Mumbai, acquiring Bayside Mall and Popular Press Building for ₹355 crore. The deal, completed through Ivory Property Trust, marks the company’s second mall acquisition in the region this year, continuing its expansion in Mumbai’s competitive real estate market.

December 8, 2024

Realty

Lok Vikas Initiative Connects Dharavi Residents to Government Welfare Schemes

Over 300 residents of Dharavi have gained access to essential government welfare schemes through the Lok Vikas initiative by the Dharavi Social Mission. The programme, which has already delivered medical insurance benefits worth Rs 10 crore, helps local residents overcome barriers like cybercrime concerns and lack of awareness, ensuring they don’t miss out on crucial social protections.

December 6, 2024

Realty

RBI’s Neutral Stance on Repo Rate: What It Means for India’s Real Estate Sector

The RBI’s decision to keep the repo rate unchanged at 6.5% for the eleventh consecutive meeting has led to a mix of optimism and concern in India’s real estate sector. While stability in borrowing costs provides confidence to developers and homebuyers, many were hoping for a rate cut to boost affordability and housing demand, particularly in the affordable housing segment. Experts emphasize the importance of government support and liquidity measures to sustain growth in the sector.

December 6, 2024

Mumbai Metropolitan Region topped India's land deals in 2025 with 32 transactions for over 500 acres, driving national total to 3,772+ acres amid strong demand for residential, mixed-use, industrial and data centre projects – per ANAROCK Research.

Realty

Suraj Estate Developers Acquires Land in Mahim West for Rs. 101 Crores

Suraj Estate Developers has acquired a vacant land parcel at Senapati Bapat Marg, Mahim West, for Rs. 101 crores. The development, which will feature 2.10 lakh square feet of RERA Carpet area, is set to become a major commercial project with an estimated GDV of Rs. 1,000 crores. The strategic location offers excellent connectivity, ensuring significant growth potential for the project.