Browsing: real estate news

Reports House Under Construction, Under Construction Property, Magicbricks, Abhishek Bhadra, Propindex, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website

Prices of under-construction projects increase 30.6% YoY across top 13 cities: Magicbricks Propindex Report

The report highlights a continued uptrend in aggregate demand across the top 13 cities between January and March 2024, registering a robust growth of 6.9% QoQ. Moreover, after a period of relatively subdued supply, there has been a modest 0.9% QoQ increase this quarter. Despite this, the demand continues to outstrip supply, resulting in a 2.9% QoQ increase in residential prices across these 13 cities. Noida (7.4% QoQ), Greater Noida (7.2% QoQ), and Chennai (5.5% QoQ) recorded the highest appreciation in property prices.

Industry Movement Sobha Realty Dubai, Sobha Realty Middle East, Sobha CSR, University of Dubai, Real Estate News, Property Market News

Sobha Realty signed a charitable grant agreement to establish an AED 400 million endowment university in Dubai

In the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Vice Chairman of the Board of Trustees of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), MBRGI and Sobha Realty signed a charitable grant agreement for the establishment of an endowment university in Dubai, as part of the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to honour mothers by establishing an AED 1 billion endowment fund supporting the education of millions around the world.

Reports Leasing, Office Leasing, Commercial Space Leasing, Office Market Report, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market, India Property News

Office leasing expected to cross 50 msf

India office holds upside potential to scale up to 60 msf in 2024. Domestic enterprises to account for over half of the office demand during 2024. GCCs to gain further ground accounting for over 40% of the total demand. BFSI and Engg & Mfg. to drive demand for Grade A office spaces. Flex spaces are likely to drive about 15-20% of the overall leasing in 2024. Large-sized deals of 100,000 sq ft or more, projected to account for 50-55% of 2024 leasing activity. About 30-35% of Grade A office demand is likely to come from PBDs in 2024.

Beyond Headlines Ashish R Puravankara, Puravankara Ltd, Puravankara Projects, Bangalore real estate market, Provident Housing, India real estate news, Indian realty news, Indian property market news, Real estate news India, Track2Realty

Puravankara’s strong performance in H1FY24 records INR 2,725 crores in sale value, up by 109%

The Indian economy grew at 7.8 per cent in the first quarter of the current fiscal year, according to the data shared by National Statistical Office. The Reserve Bank of India (RBI) retained its GDP growth forecast of 6.5 per cent for FY 2023-24. The real estate sector is expected to expand to $5.8 trillion by 2047, contributing 15.5 per cent to the GDP from an existing share of 7.3 per cent, a joint report by Knight Frank and National Real Estate Development Council (NAREDCO) indicates.

Commercial Demand Drivers of Commercial Real Estate, Commercial Real Estate, Commercial Property Market, Retail Spaces, Office Spaces, Commercial Property Investments

Emerging demand drivers of commercial real estate

Real estate in general and its future growth in particular is defined by its demand drivers. It is relatively easier to forecast the demand drivers in the residential sector. Reason being that the economic activities indicate the migration of the workforce and hence inherent need for housing. However, to forecast the emerging economic activity, both sector wise and region wise, is more often than not guesstimate, finds Track2Realty.

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