B/w Jan.-Sept. 2024, Qualified Institutional Placements (QIP) issuance across all sectors scaled a record high of INR 75,923 Cr, with real estate comprising a 17% share – 2nd highest after renewable energy 6 developers collectively raised INR 5,275 Cr via IPOs since 2021; Macrotech (Lodha) alone raised nearly INR 2,500 Cr Enhanced financial strength boosts developers' launch rate – approx. 13.62 lakh units launched in top 7 cities b/w 2021 to 9M 2024 Robust sales – approx. 14.36 lakh units sold in this period across top 7 cities; unsold inventory in…
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The Future of Indian Housing
– by Akash Pharande, Managing Director – Pharande Spaces India's urban population explosion is causing its bigger cities to burst at the seams. Overcrowding, pollution, traffic congestion, and deteriorating infrastructure are the 'new normal' – a state of affairs that we have begun to accept as inevitable. According to the United Nations, about 40% of the Indian population will live in urban areas by 2030. The pressure this puts on housing, transportation, and basic amenities in our cities is immense. Because of these urban 'growing pains', many citizens have become…
Read More53% Affordable Housing Buyers Unhappy With Available Options – ANAROCK-FICCI Survey
Project location accessibility, low-quality construction & small unit sizes major deterrents for affordable housing buyers Bigger homes continue to dominate demand in H1 2024 survey; at least 51% property seekers prefer a 3BHK, 39% prefer 2BHKs In major trend reversal, demand for ready homes lowest; ratio of ready homes to new launches at 20:25 57% residential property investors seek steady rental income across cities Premium & luxury homes demand surges; 28% respondents now prefer homes priced b/w INR 90 lakh – 1.5 Cr. vs 18% in pre-Covid Period Residential plots…
Read MoreKW Delhi-6 Mall Adds New Stores for an Enhanced Shopping and Dining Experience
KW Delhi-6 Mall, the flagship commercial project of KW Group in Raj Nagar Extension, Ghaziabad, has announced the addition of more brands in its existing large portfolio. Brands such as Triswastik an organic FMCG brand, Beardo hair grooming brand for men, and Aindra have already opened their exclusive stores in KW Delhi-6 Mall. Stores of Organic Juice brand Juice Guys, Burger Baboo, Burger Club, and Fat Tiger are under fit-out and should be ready to open in the coming months. The addition of these stores will enhance the dining and…
Read MoreIndustrial & Logistics Sector Captures 67% of PE Investments in H1 FY25 – ANAROCK Capital
Private equity investments witnessed a 4% decline in the first half of FY25, primarily due to reduced investments in the offices sector. The total number of deals also declined from 24 (1H FY24) to 17 (1H FY25). Shobhit Agarwal, MD & CEO – ANAROCK Capital, says, “Private equity investments in offices are primarily driven by foreign investors, which have tapered down due to global factors such as geopolitical tensions and elevated interest rates. However, the aggregate numbers and the dominance of foreign investors in Indian real estate remained largely…
Read MoreLohia Worldspace Transforms Homebuying with Advanced Virtual Reality
Lohia Worldspace, the newly entrant real estate player is leading a groundbreaking shift in real estate by incorporating advanced virtual reality (VR) technology into the homebuying process. This forward-thinking approach enables potential buyers to fully engage in virtual tours of their future homes, allowing them to personalize every aspect, from furnishings to paint choices, even before construction starts. With the VR technology offered by Lohia Worldspace, clients can don a VR headset and navigate through highly detailed, interactive 3D models of properties that are still under development. This immersive experience enables…
Read MoreListed Developers Trim Debt by 54% in Q1 FY25 against Peak Year FY19-end
Net debt of top 8 listed developers collectively at approx. INR 20,808 Cr as on Q1 FY 2025-end, against approx. INR 44,817 Cr at Q4 FY2019-end In last decade, debt of these listed players was at its peak at FY 2019-end Net debt declines supported by a significant jump in the collective booking values – INR 27,144 Cr in FY 2019, up 234% in FY2024-end to a whopping INR 90,573 Cr In Q1 FY2025 alone, the booking value of these 8 listed developers stands at INR 26,832 Cr With…
Read Moreace turtle Launches Toys“R”Us® store in Dehradun
Opens Fifth Toys“R”Us® store in India at Mall of Dehradun ace turtle, India's leading technology-native retail company today announced the launch of India’s fifth Toys“R”Us® store at Mall of Dehradun in Uttarakhand. This marks a significant step in ace turtle's strategic plan to expand Toys”R”Us presence in India, with a commitment to launching 12 stores in 2024. Toys“R”Us® currently has five operational stores in the country, which includes the retail store in Hyderabad, that marked the return of the brand to India last year, the flagship store in Mumbai and…
Read MoreINTERNATIONAL WORKPLACE GROUP INTRODUCES HQ IN UTTARAKHAND, AS DEMAND FOR HYBRID WORKING RISES
Dehradun’s first HQ centre comes up at DDPM, on the Haridwar Bypass Road DDPM is an impressive HQ workspace complete with co-working spaces, private offices, meeting rooms and creative spaces New HQ location is part of the drive to provide top class facilities in a wide variety of locations as hybrid working becomes a reality for more workers This opening follows a partnership agreement with the building owner, who has invested in the International Workplace Group platform to create a branded flexible workspace in their building The location comes on…
Read MoreFOMO vs. FOBO – In A House Hunt, One Helps and the Other Hurts
– by Akash Pharande, Managing Director – Pharande Spaces India's real estate market provides many opportunities for home buyers. However, it is not easy to navigate, especially for first-time buyers. With so many options and also varying offers from developers, it is often difficult to decide which property purchase ticks all the right boxes for an individual buyer who has never purchased a property before. Within this complexity, the psychological phenomena of FOMO – the Fear of Missing Out and FOBO – the Fear of Better Options – play big…
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