Browsing Tag

Pune

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housing

Housing Sales Dip 11% Year-on-Year in Top 7 Cities; New Launches Fall Below 1 Lakh Units

In Q3 2024, India’s residential real estate market saw an 11% decline in housing sales across the top seven cities, totaling approximately 107,060 units. While new supply fell below 1 lakh for the first time since Q1 2023, strong demand continues to drive residential prices up by 23% year-on-year, indicating a stabilizing market following a two-year bull run.
Rental housing

Rent vs. Buy: Analysis of Residential Trends in India’s Top 7 Cities

The debate between renting and buying homes in urban India is heating up, with recent ANAROCK Research showing that rental values have surged in several cities, outpacing capital appreciation. As more residents evaluate their housing options, key micro-markets reveal significant trends that could influence individual decisions.
Office real estate

GCCs to Drive 40% of Demand for Grade A Office Space in India

Colliers report projects that Global Capability Centers (GCCs) will drive almost 40% of the demand for Grade A office space in India in the coming years. The report highlights the increasing role of GCCs, engineering, and BFSI sectors in the office space market, with major cities like Bengaluru, Hyderabad, Chennai, and Pune showing significant growth. ESG considerations are also shaping demand, with a substantial portion of office space expected to be green-certified.
Rapid-urbanisation-of-Thane

Qubit’s Navigo Facilitates ₹510 Crore in Real Estate Sales

Qubit’s Navigo has made a remarkable impact on the real estate market, facilitating ₹510 crores in sales within nine months of its launch. This innovative 3D visualization tool is projected to drive sales over ₹5000 crores by September FY 25 and is expanding into Pan-India and UAE markets. With features like 360-degree walkthroughs and real-time geospatial mapping, Navigo is setting new standards in real estate visualization and sales.
Microsoft land acquisition Pune September 2024

Microsoft Invests ₹520 Crore in Prime Pune Land Parcel

Microsoft has acquired a 16.4-acre land parcel in Pune’s Hinjewadi for ₹519.72 crore, marking a significant investment in India’s commercial real estate sector. This purchase, registered in August 2024, is part of Microsoft’s broader strategy to enhance its data center operations and infrastructure across key Indian IT hubs, following similar investments in Pimpri-Chinchwad and Hyderabad.