Co-living sector value in India to cross $2.2 bn by 2022: Study

Today, the shared-living market, that offers private bedrooms with common shared areas like recreational rooms, stands at $120 million (Rs 845 crore), research and advisory firm RedSeer Consulting has said. Continue Reading

Indiabulls sells 50% stake in 2 office assets for Rs 464 cr

In November, the company had announced signing of a non-binding term sheet to divest 50 per cent stake in these two assets having nearly eight lakh sq ft leasable area. Continue Reading

Rental housing segment needs government intervention: Study

Released by MagicBricks, the report titled ‘Residential Real Estate’ report said, “A large population in India can`t afford buying a home and rental housing can be an alternative to such people. This is one area where the government`s intervention is required.” Continue Reading

Office absorption: Chennai, 6 other top markets to record all-time high

In 2019, the top seven markets of Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata together are forecast to record an all-time high net absorption of over 37 million sq ft, the level achieved in 2011, said a JLL India report. Continue Reading

Pockets of top 100 Indians in RE deepen to Rs 2.36L cr: Report

The latest edition of the annual GROHE Hurun India Real Estate Rich List stated that BJP MLA Mangal Prabhat Lodha is India’s richest property tycoon, valuating him at Rs 27,150 crore. Continue Reading

Nearly 54% of MMR housing supply below Rs 80 lakh: Report

This has been done by real estate developers in a bid to attract home buyers with affordable offerings. Several builders are now visibly aligning their apartment configurations and supply with the budget ranges dictated by the demand. Continue Reading