In a filing to the stock exchanges on Monday, the developer said it was Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved.
Bengaluru (Karnataka) [India], April 5: Puravankara Limited (BSE: 532891), one of India's most trusted and admired real estate developers, recorded sales of Rs 5,914 crores in FY24, an increase of 90 per cent compared to Rs 3,107 crores in FY23. Customer collections increased by 60 per cent
This marks 43 per cent year-on-year (YoY) growth in Q1 2024. Bengaluru led this charge, securing the top position with 3.5 mn sq ft of transactions, constituting 22 per cent of the total office take-up during the first quarter of 2024.
All indicators currently favour a bull run in the Indian residential real estate market in election year 2024, and it is likely to repeat what it went through in 2014 and 2019, according to real estate consultancy firm Anarock.
The year 2023 was remarkable for the Indian housing sector, with record-high sales and new launches across the top seven cities. The latest data put out by real estate consultancy firm ANAROCK Research revealed that unit completions between 2017 and 2023 have not lagged this trend.
Luxury segment housing in India recorded a 75 per cent year-on-year growth in sales in 2023, according to a report by real estate consulting firm CBRE South Asia.
Tier-II cities in India emerged as new ground for flex office operators, real estate consulting firm CBRE South Asia said in a report. The report highlighted that nearly 26 major flex office operators recorded presence across 10 Tier II cities in 2023.
Nearly 35 major domestic and international retail brands entered as many as 14 tier-II Indian cities in the first three quarters of 2023, according to a report by CBRE South Asia.
Transactions in the office space trended up to an annual tally within striking distance of an all-time high in 2023. Real estate consultant Knight Frank India, in their latest report 'India Real Estate: Residential and Office (July-December 2023)' released on Wednesday, said a total of 59.6
In 2023, the Mumbai city area which falls under Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded total registrations of 127,139 real estate properties.
Data put out by real estate consultancy firm Anarock showed that housing sales in the top seven cities in India have created a new peak in 2023, breaching the previous high of 2022.
India climbed 18 spots up to 14th rank in the global house price index in the third quarter of 2023, data compiled by real estate consultant Knight Frank India showed.