Real Estate Demand Soars in India’s BFSI Sector, Projected to Break 2023 Leasing Records in 2024

The BFSI sector in India is experiencing a significant surge in office space demand, projected to surpass its previous leasing record of over 11 million square feet set in 2023. As global players dominate the market and tech hubs like Bengaluru and Mumbai emerge as key locations, the future looks bright for real estate in this rapidly evolving sector.

The Hive Hostels to Expand by 3,000 Beds and Digitalize Operations Ahead of IPO

The Hive Hostels plans to add 3,000 new beds by the end of FY 2025 with a ₹10 crore investment and has partnered with Crib to digitalize its operations in preparation for an upcoming IPO. The company is also introducing Aurus – Luxury Student Residences, featuring luxury design and top-tier amenities, marking a new era in student accommodation.

MahaRERA Launches New Website MahaCRITI

MahaRERA’s new website, MahaCRITI, went live on September 1, 2024, offering instructional videos and online training to users. The platform aims to streamline real estate processes, with over 2,700 users already engaging, including updates and new registrations by developers and real estate agents. The training has reached around 550 developers, 350 agents, and 250 lawyers, ensuring effective use of the new portal for managing real estate tasks and complaints.