Real estate sector in India is facing strong traction, especially the residential real estate. Almost every company is providing aggressive growth targets. Now Shriram Properties (SPL), while unveiling it’s new brand identity has provided ambitious growth targets. The Company has embarked on a mission – called, SPLNxT – towards accelerating growth, repositioning brand and enhanced … Read more
Adani Group chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday. When Adani retires, his four heirs – sons Karan and Jeet, and their cousins Pranav and Sagar … Read more
The Indian real estate sector has been experiencing a significant boom in recent quarters, driven by factors such as rapid urbanisation, policy reforms, increase in disposable income and a continuous growth in consumer sentiments. Last year, the sector registered remarkable progress, consolidating its position among various other sectors. And indeed, the Finance Minister has given … Read more
Raymond Limited (RL) has announced the vertical demerger of its Real Estate (RE) Business. RE business will be first demerged into its wholly owned subsidiary, Raymond Realty Limited (RRL). Upon completion of this demerger, Raymond Ltd and Raymond Realty Limited (RRL) will operate as separate listed entities within the Raymond Group post all statutory approvals. … Read more
In the last couple of years, the demand for retail real estate in India has been vibrant. In 2023, it touched an all-time high of 7.1 million square feet across the top eight cities in India, 47 per cent higher than in 2022, as per data shared by CBRE. With this, several global luxury brands … Read more
Strong buyer confidence has kept property registrations in Mumbai above the 10,000 mark for the first six months of the 2024 calendar year | Photo: Shutterstock 2 min read Last Updated : Jun 30 2024 | 1:06 PM IST The registration of properties in the Mumbai municipal region rose 12 per cent annually in June … Read more
The families of Jamshyd N Godrej and Smita V Crishna are setting up a family council following the business realignment in April, said people with knowledge of the matter. In addition to this, the Crishna branch will set up a family office comprising Smita Crishna and her daughters Freyan and Nyrika. Nyrika, who is executive … Read more
Lodha said the rising demand for homes “is a fifteen-plus year cycle. We are only in year four and there is a long, long way ahead to go before India has real estate at its rightful share in its economic mix” | Photo: Bloomberg 2 min read Last Updated : Jun 13 2024 | 6:52 … Read more
The founding family of 127-year-old Godrej Group, which spans from soaps and home appliances to real estate, has reached an agreement to split the conglomerate, with Adi Godrej and his brother Nadir keeping Godrej Industries that has five listed firms, while cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates as well … Read more