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Green buildings

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.
  • October 28, 2024
Indian retail

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.
  • October 28, 2024
Real estate

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.
  • October 28, 2024
India’s higher-education sector is set for a massive infrastructure expansion, requiring 2.7 billion sq ft across 30,000 acres and nearly USD 100 billion in investment, driven by policy reforms, rising enrolments, and entry of global universities, according to ANAROCK Capital.

Real Estate Agent Brokerage to Be Mentioned in Sale Agreement

Maharashtra’s real estate sector has achieved a significant milestone with the introduction of a regulation requiring the documentation of real estate agent brokerage in sale agreements. This change enhances transparency and accountability, ensuring that all financial obligations related to brokerage are clearly defined. With the support of NAR-India, this initiative marks a new era for professionalism in the industry, benefiting both agents and buyers.
  • October 27, 2024

Sunil Shetty and Son Ahan Acquire Rs. 8.01 Crore Property in Bandra

Sunil Shetty and his son Ahan have recently invested in a property located in Garden Home, Khar West, Bandra, for Rs. 8.01 crores. This acquisition reflects a rising trend among celebrities investing in prime Mumbai real estate, further establishing the Shetty family’s legacy in the industry.
  • October 26, 2024