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Real Estate

367 posts
MHADA

LIG Receives Highest Applications in MHADA Mumbai Board Housing Lottery 2024

The Mumbai Housing and Area Development Board (MHADA) reports an overwhelming response to its 2024 housing lottery, with the Low-Income Group (LIG) receiving the highest number of applications—61,571 for just 627 units. This reflects the persistent demand for affordable housing in Mumbai.
Office real estate

Office Demand Surges with 47 Million Square Feet Leased in First Nine Months of 2024

In Q3 2024, India’s office space demand soared to 17.3 million sq ft, marking a 31% increase year-on-year, bringing total leasing in the first nine months to 47 million sq ft. Bengaluru and Hyderabad drove this growth, with technology and BFSI sectors leading the charge. New supply also surged, reflecting strong developer confidence in the market.
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.
Birla Niyaara worli

Homes Sold on Tuesday in Worli for Rs 81.45 Crore

In a notable real estate transaction in Worli, Mumbai, Ruchi Jain purchased two apartments for a total of Rs 81.45 crore. The deals, involving properties in Birla Niyara Phase 2, included ten parking spaces and a stamp duty discount for the buyer.
SFI

Logicap and Mitsubishi Estate Form Joint Venture for Industrial and Logistics Development in India

Logicap Management and Mitsubishi Estate have announced a joint venture to develop industrial and logistics facilities across India, starting with two projects in Gurgaon. This collaboration aims to address the increasing demand for modern infrastructure and support various industries, including e-commerce and manufacturing.