Adani Group’s Mah-Hill Properties Acquires Prime Malabar Hill Land for ₹170 Crore

Mah-Hill Properties Pvt Ltd, a subsidiary of the Adani Group, has expanded its portfolio with the acquisition of a prime land parcel in the prestigious Malabar Hill area of South Mumbai for ₹170 crore, according to property registration documents. The transaction involved the transfer of ownership of over 48,000 sq ft of land from Behram Nowrosji Gamadia, which also includes a 257 sq m structure. Records indicate that this property boasts a rich history, with ownership rooted in the pre-independence era and passed down through the Gamadia family.

Mall Space Demand Surges, Supply Struggles to Keep Up for Third Year

India’s shopping mall sector is witnessing unprecedented demand, with leasing activity exceeding new supply for the third consecutive year. Vacancy rates have dropped to 7.8 percent, and rental prices are rising as top malls operate at near-full capacity.

India Leads APAC Real Estate Investments with 88% Growth in H2 2024

India’s real estate sector recorded an 88% year-on-year increase in investments during H2 2024, reaching $3.0 billion. The office sector led with a 47% share, while industrial and logistics accounted for 27%. Mumbai saw the highest inflows, driven by office asset acquisitions. Institutional investments, especially from foreign investors, made up 57% of the total. With economic stability and easing monetary policies, experts anticipate continued growth in 2025, with renewed interest in retail, hospitality, and alternative asset classes.

India’s Real Estate Sector Sees Record ₹ 39,742 Crore Land Acquisitions in 2024

India’s real estate market reached a new high in 2024, with developers acquiring ₹39,742 crore worth of land across 23 cities. The surge in residential projects, particularly in Tier 1 and emerging Tier 2 cities, highlights a shift in development strategies. JLL’s report emphasizes the growing demand for housing, investment trends, and the evolving financing landscape in India’s property market.

Sattva Group and Blackstone File Draft Offer Document for India’s Largest REIT IPO

Sattva Group and Blackstone have taken a significant step towards launching India’s largest REIT IPO with Knowledge Realty Trust (KRT). With a high-quality portfolio spanning 48 million sq. ft. across six cities, KRT is set to be India’s most geographically diverse office REIT. The IPO will mark Blackstone’s fifth public listing in India’s real estate sector, highlighting continued confidence in the country’s commercial property market.