Prestige Estates Projects (PEPL), one of India’s top five real estate developers, is looking to offer more entertainment and dining spaces in malls while cutting back on apparel retailers. 40% of mall space is targeted towards entertainment and restaurants vs 15-20% currently. Company operates four malls at present. By 2030, it plans to grow to … 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
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
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
It would require 6.4 crore more homes by 2036 to match the housing demand of India’s increasing population, according to CREDAI-Liases Foras. “The additional housing requirement by 2036 due to the population growth is 64 million in India,” read the joint report released by realtors’ apex body CREDAI, in collaboration with data analytic firm Liases … Read more
A government move to protect homebuyers in bankrupt real estate projects is yet to take concrete shape given the way developers structure their projects, two people aware of the matter said. The so-called reverse bankruptcy framework was first proposed by the ministry of company affairs in a discussion paper in January. It would apply the … Read more
New features give real estate professionals predictive insights to help sell their clients’ homes in today’s challenging market SANTA CLARA, Calif., Jan. 10, 2023 /PRNewswire/ — In a cooling housing market, real estate professionals may find they have to work harder to win a listing and make a sale. New enhanced listing intelligence features from … Read more
Several professors of JNU and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a DDA plot under a housing development scheme which was never there. After waiting for over seven years, when these academics did not get anything except hollow promises, their patience ran … Read more
BK Modi Group plans to invest about USD 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth potential in these two sectors. In an interview with PTI, group founder B K Modi asserted that there is a tremendous scope of bringing new technologies in the … Read more