Signature Global net debt up 4% in Q2 to Rs 1,020 crore
New Delhi: Realty firm Gaurs Group will invest about Rs 4,000 crore to develop a 17- acre commercial project in Noida as part of its strategy to build rental assets, a top company official said. Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said the company will develop 5 million (50 lakh) sq ft of commercial space in the upcoming Grade-A project. They are planning to develop a large commercial project on Noida Expressway. The total area will be about 5 million sq ft, of which 2.5 million sq ft will be retail, 2 million sq ft office and a hotel with more than 300 keys,” Gaur said.
Paisabazaar expands offline to boost secured lending services.
Digital credit marketplace Paisabazaar, a part of listed PB Fintech, is taking a leaf out of sister concern Policybazaar’s playbook and building its own offline distribution channel. It allows consumers to access unsecured personal loans, credit cards and similar products from banks and nonbank lenders through online channels.
As it builds out its secured credit distribution play, Paisabazaar wants to create a physical presence to help in fulfilment of such loan delivery. Chief executive officer of Paisabazaar, said it has set up a field team of around 100 people in Delhi, Mumbai and Bengaluru, targeting secured credit products like home loans and loans against property.
Real Estate Institutional Investments Rise 45% to $1.15 Billion in Q3
New Delhi: Institutional investments in real estate grew 45 percent to nearly USD 1.15 billion in July -September, with investors looking to encash the strong demand for premium homes and offices, according to Colliers. Consultant Colliers India data showed that the institutional investments in real estate during July-September stood at USD 1,148.7 million, as against USD 793.4 million in the year-ago period. The increase highlights the growing interest among investors in the real estate market, driven by demand for premium properties.
Delhi-NCR new project prices surge 145%
The Indian real estate market has seen a significant surge in prices, with average prices for new launches in top 10 cities increasing by 88% in the last five years.
This trend was highlighted in a recent report by PropEquity, a real estate data analytics firm.
The report highlights that Gurugram experienced the most significant increase in newly-launched housing prices, jumping from Rs 7,500 per square foot in 2019 to Rs 19,500 per square foot in 2024.It marks an increase of 160% in five years.
Delhi-NCR, Bengaluru housing prices up 29%.
New Delhi: Housing prices in Delhi-NCR and Bengaluru appreciated 29 per cent year-on-year in the July-September quarter on strong demand, high input cost and an increase in the supply of luxury homes, according to Anarock. Real estate consultant Anarock’s data showed that the average prices of residential properties in Delhi-NCR increased 29 per cent to Rs 7,200 per square feet in the July-September quarter from Rs 5,570 per square feet in the year-ago period.
In Bengaluru, the prices grew 29 per cent to Rs 8,100 per square feet in the third quarter of this calendar year from Rs 6,275 per square feet in the corresponding period of the previous year.
This forward-looking approach is designed to harness growth opportunities in a rapidly evolving economic environment, enhancing Godrej Capital’s portfolio and establishing a stronger foothold in the competitive financial services sector.
These efforts are aligned with national housing affordability initiatives and are expected to significantly increase the firm’s market presence and impact on various consumer segments.
DDA housing scheme: Over 1200 LIG flats sold out
New Delhi, Over 1,200 LIG and 440 EWS flats were sold out in DDA’s Sasta Ghar and Madhyam Vargiya Housing schemes, an official statement said on Saturday. In Ramgarh, out of 183 LIG flats in the scheme, 153 flats were sold, it said. While 708 LIG flats were sold in Rohini and around 250 flats were booked in Narela.
Among the EWS segment, around 300 flats were sold out in Narela and all 139 flats offered in Loknayakpuram were also booked, it said.
Since the first day of the booking on September 10, the scheme has received an impressive response with all HIG flats offered at Jasola being sold out on Day 1, the statement said.
The latest to join the bandwagon were flats in Dwarka, where a balanced inventory of one penthouse, three super HIG, 18 HIG and a majority of MIG got sold in the bidding.
Namo Bharat Metro Noida: Opening Date, Route & Updates in 2024
The Namo Bharat or Noida Aiport Rapid Metro is set to expand in Greater Noida West, linking 22 stations. Spanning a 72.4 km distance, this line aims to reduce the travel time between Noida’s Jewar Airport and Delhi NCR. It is expected to be fully operational by 2031. Buckle up to learn more about the Noida Airport Rapid Metro Line route and its potential impact on real estate.
First an international airport, and now, a dedicated Rapid Metro line, the Government of Uttar Pradesh (UP) is marking milestones every year. The National Capital Region Transport Corporation (NCRTC) recently presented a comprehensive report for this upcoming corridor between Ghaziabad rapid rail station and Noida International Airport. This stretch on completion is anticipated to fuel momentum in the real estate market alongside the Noida Airport Rapid Metro.
Golf Course Road: A luxury hotspot in Gurgaon
Over the past decade, many areas in Gurgaon have risen to prominence, with Golf Course Road standing out as one of the most prestigious addresses. Amid robust infrastructure, Grade A offices and proximity to Delhi, the micro-market is a prime destination for affluent residents.
What’s set to soar its appeal is the top developers like Godrej Properties launching three major projects in the region. Golf Course Road, Gurgaon, has emerged as a real estate hub amidst rapid infrastructure growth and excellent connectivity. Further, Grade A office spaces like DLF Cyber City and One Horizon Center are also conveniently close, substantially enhancing its appeal and investment potential.
Why invest in Sector 84, Gurgaon: A deluxe homebuying destination
Located along Dwarka Expressway, Sector 84 in Gurgaon has emerged as a prominent residential neighbourhood. With ample housing and commercial hubs nearby, the locality, once a sleepy suburb, has undergone a monumental transition.
But what are the leading factors that continue to apprise realty demand in the locale? jainoncor finds out the top reasons for investing in Sector 84, Gurgaon.
Nestled cosily between Delhi and Manesar, New Gurgaon is growing exponentially in terms of real estate. With path-breaking developments like the much-awaited Dwarka Expressway servicing the corridor, realty experts expect more price movement.
In the heart of it all is Sector 84, Gurgaon, often regarded as a haven for high-end homes, clubbed with modern amenities for potential homebuyers and residents.
Disclaimer: The information in this newsletter has been compiled from various public domain sources and is presented as a summary for general informational purposes. Our research team verifies all content, but we do not claim originality of the research or images included.