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.

Mumbai’s Property Market Shows Resilience with Rising Registration Figures and Revenue

Mumbai’s property market is witnessing a remarkable upswing, with October 2024 recording 12,714 registrations and generating ₹1,187 crore in revenue. This significant growth compared to the previous year highlights a recovering market fueled by favorable economic conditions and increasing buyer confidence. Explore the implications of this trend for both homebuyers and investors in the city.

Mumbai Sees Record Property Registration Revenue During Diwali Boom

In a remarkable display of market resilience, Mumbai’s property registrations hit a record high during the Diwali season, with October 2024 witnessing a revenue collection of ₹1,081 crore. This 52% increase over last year highlights a growing trend towards higher-ticket home sales, as the city embraces a festive boom in real estate activity.

Kalpataru Projects International Reports Strong Q2 and H1 FY25 Results

Kalpataru Projects International Limited (KPIL) announces impressive financial results for Q2 and H1 FY25, highlighting a 9% rise in consolidated revenue and significant growth in EBITDA and PAT. The company also reports a robust order book of ₹60,631 crores and strong year-to-date order inflows.

Amitabh & Abhishek Bachchan bought 10 flats in Mulund

Amitabh and Abhishek Bachchan have purchased 10 apartments in Mulund West for ₹24.95 crore, adding to their extensive real estate portfolio. This investment underscores their continued presence in the Mumbai property market, with significant acquisitions throughout 2024.