Commercial real estate is thriving, says Deepak Parekh, the chairperson of Housing Development Finance Corporation (HDFC). His statement comes at a time when India is going through a deep economic downturn and thousands of residential flats cannot attract buyers. While talking to CNBC-TV18 in an exclusive interview, Mr. Parekh portrayed a blossoming picture of India’s […]
Realty firm Sobha to enter Delhi and Hyderabad realty market
Known for its luxury apartments, Realty firm Sobha is entering the residential property market in Delhi and Hyderabad. The firm has reportedly ventured with the local landlords to build a total of 1.5 million sq ft of high-end apartments in both the cities. Vice-chairman and managing director of Sobha, JC Sharma said, “We have seen […]
Thailand based MQDC to enter in co-working space realty market in Delhi, leases 22,000 sq ft from DLF
Thailand based Magnolia Quality Development Corporation (MQDC) is reportedly entering the Indian real estate market. An official of MQDC reported that the company is going to start its first co-working centre in Delhi. The company is said to lease 22,000 sq. Ft. from DLF in Delhi. MQDC invests, develops and manages residential, comheaven1525 mercial, mixed-use […]
Motilal Oswal’s real estate equity firm investments Rs 525 crore via seven exits
Through its India Realty Excellence Fund (IREF) II and III, the real estate private equity subsidiary of Motilal Oswal Group, Motilal Oswal Real Estate made around Rs 525 crore of exists across seven investments. Rajesh Lifespaces in Mumbai, Casagrand Builders in Chennai, Shriram Properties in Bengaluru and ATS Group in NCR received the exists by […]
Godrej managed office platform to receive an investment of $150 million by Allianz Real Estate
As a part of its expansion plan in India, Munich Based Allianz SE’s subsidiary, Allianz Real Estate on Tuesday said that it has committed $150 million in a Godrej Group managed office development platform. The company in a statement said that the investment is a part of a strategy of Allianz Group to allocate 50-60% […]
Amazon inaugurates its world largest campus in Hyderabad
On Wednesday, the world’s largest e-commerce Amazon, inaugurated its largest campus in Hyderabad. The campus is a prodigy of exceptional architecture and is equipped with all the facilities. The new campus in Hyderabad is the only corporate outside the US Amazon has. Home Minister of Telangana Mohammed Mahmood, Industries and IT Secretary Jayesh Ranjan, Amazon […]
Amazon enters real estate market, collabs with Realogy
Amazon reportedly partnered with America’s biggest residential real estate broker Realogy, making its entrance in the real estate market. Under the Turnkey program, Amazon will refer its customers to a Realogy real estate agent, upon closing the deal, the customers can use up to $5,000 in Amazon services. Based upon the deal amount, Amazon stated […]
Real Estate Industry Pioneer Program inaugurated by PropTech startup – AskPorter
AskPorter was all over the news in the late 2018 when it was announced that Google Assistant had made a notable investment into the company to build an AI-powered property maintenance chatbot. Google with its tech and business development support have been focusing on expanding this technology vertically and horizontally to automate every part of […]
Boom in Hyderabad’s commercial real estate, large institutional investors show interest
Emerging as a lucrative investment option, Hyderabad has been garnering a lot of attention of large institutional investors like Blackstone, Xander and Ascendas India Trust, who are looking forward to capitalize upon the increasing commercial market in the region. As per the ANAROCK Property Consultants, the city has witnessed a major increase in investments last […]
Shapoorji Pallonji to fund its Bengaluru and Eluru smart city projects by raising Rs 450 crore
In its attempt to fund its Bengaluru and Eluru smart city projects, Shapoorji Pallonji, a leading Real estate Company, is aiming to raise Rs 850 crore in the next six months. As per a company official, it is looking forward to raise debt of Rs 450 crore for the Eluru project and Rs 400 crore […]