Somany Ceramics Limited, has opened two Somany Exclusive showrooms in Delhi NCR - Shree Balaji Traders at Sohna Road, Vatika Chowk in Gurugram, and Shubham Tiles in Mangolpuri market - adding to a total of 374 stores Pan India. Spread across more than a 2,000 sq ft area, these 2 showrooms are cen... Read more...
Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants “Noida accounted for the maximum new luxury share (73%) in the first half of this year, followed by Gurugram with a 22% share, and Greater Noida with a 5% share. Other NCR cities including Delhi, Ghaziabad, Faridabad and Bhiwadi saw... Read more...
Realty firm Godrej Properties Ltd (GPL) plans to invest more than USD 1 billion over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth. "We sold 9,345 homes at an average of over 25 homes per day. Our QIP in March raised ₹3,750 crore, and a... Read more...
Noida has been consistently topping the charts as Delhi NCR’s best performing market in terms of net office space absorption for four consecutive quarters. However, it still has a lot to cover compared to competitor Gurgaon, which accounts for a major share of offices occupied by large MNCs and KP... Read more...
Square Yards announced that it has launched a new platform offering Home furnishing and home interior services. The subsidiary called “Interior Company” has already setup offices in Bangalore, Mumbai, and Delhi-NCR and is looking to scale operations pan India and Middle East, and build an integr... Read more...
Covid has significantly altered people’s preferences around owing a house, particularly among the HNIs and ultra HNIs. As the pandemic rages on, these deep pocketed buyers are preferring to own self-sufficient properties outside metros with lot of green area, especially farmhouses. The demand... Read more...
Century Textiles & Industries, which runs three business verticals -- paper & pulp, realty and paper tissues, and nets over 70 per cent of the income from the first -- is diverting its focus onto the real estate business and has lined up Rs 1,000 crore for capex this fiscal for its ongoing a... Read more...
India's flexible space stock is expected to grow by 10-15% year-on-year from the current 36 million sq ft in the next three years, according to a report by CBRE. The report highlights that as of Q1 2021, Bengaluru holds a flex stock of 11.6 million sq ft which is the maximum in the country, followed... Read more...
The office market in Delhi NCR witnessed a net absorption increase of 5 percent in Q1 2021 quarter-on-quarter (Q-o-Q), with 1.07 million sq. ft, according to JLL Office Market Update - Q1 2021. Noida contributed 55 percent of the net absorption, backed by strong pre-commitment in the new completi... Read more...
Nearly half of the total housing demand in primary residential market across eight major cities is for two bedroom apartments costing up to Rs 45 lakh, says a study by digital real estate brokerage firm PropTiger.com. In its latest Real Insight report for January-March 2021 quarter, PropTiger res... Read more...