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real estate news
216 posts
Ajmera Realty Achieves INR 270 Crore Sales in Q3 FY25, Driven by Launch of ‘Ajmera Iris’
Ajmera Realty & Infra India Ltd posted a robust performance in Q3 FY25, recording INR 270 crore in sales, a 7% YoY growth, bolstered by the launch of its Ajmera Iris project in Bengaluru. The company also saw a 10% YoY increase in collections, reflecting strong customer demand. With its continued focus on launching new projects and benefiting from favorable market conditions, Ajmera Realty is optimistic about further sales growth in the upcoming quarters.
India’s Office Market Reaches Record Heights in 2024, Surpassing 49 Million Sq. Ft. in Net Absorption
India’s office market reached new heights in 2024, with net absorption surpassing 49 million sq. ft. and gross leasing volumes hitting a record 77.22 million sq. ft. Bengaluru led the growth, posting its best-ever performance, while global companies and flexible workspaces significantly contributed to the surge.
MahaRERA Redefines Criteria for SROs to Benefit Developers Outside MMR
MahaRERA has announced a change to its criteria for forming Self Regulatory Organisations (SROs), reducing the minimum project requirement from 500 to 200 for developers outside the Mumbai Metropolitan Region (MMR). This reform aims to provide more accessible regulatory guidance, helping developers streamline project registrations, renewals, and compliance processes across Maharashtra.
Sun Pharma’s Vibha Sanghvi Purchases Properties Worth Rs 130 Crore in One Month
Vibha D Sanghvi, a prominent figure from Sun Pharma, purchased two high-value properties worth Rs 130 crore in Mumbai’s Worli area within a month. The two luxury apartments, each valued at Rs 65 crore, were registered in November and December 2024. The properties include premium amenities such as ample parking spaces and expansive living areas. Sanghvi, a female buyer, availed a 1 percent stamp duty concession on both deals, with a total stamp duty of Rs 6.50 crore paid for the transactions.
