Latest Property News & NRI Investment Updates in India | Property In Bharat
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Real estate leads AIF investments with Rs 75,468 cr in the first half of FY25
Real estate has stood out as the leading choice for Alternate Investment Funds (AIFs) in India. Latest data from market regulator Sebi indicates that out of a total of Rs 4,49,384 crore AIF investments made across sectors till the first half of fiscal 2025, real estate’s share was the highest at 17 per cent, totalling nearly Rs 75,468 crore. Other sectors benefiting from AIF investments are IT/ITeS, Financial Services, NBFCs, Banks, Pharma, FMCG, Retail, Renewable Energy, and others.
India's data centre market attracts $60 bn investment during 2019-24: CBRE
India's data centre market has attracted investment commitment of US$ 60 billion in the last six years and the cumulative inflow is estimated to surpass US$ 100 billion by 2027-end, according to CBRE. "The Data Centre (DC) market in India has experienced substantial investment from global operators, real estate developers, and private equity funds seeking to capitalise on the country's burgeoning market," the consultant said. Between 2019 and 2024, India attracted investment commitments totalling more than US$ 60 billion from both domestic and international investors, it added.
69% appreciation in 6 yrs: Peripheries of Bengaluru, Noida top prime areas
The trend is particularly evident in Bengaluru’s Gunjur, which saw a staggering 69% increase in residential property prices from Rs 5,030 per sq. ft. in 2019 to Rs 8,500 per sq. ft. in the third quarter of 2024. In comparison, the prime area of Thannisandra Main Road, just a short distance away, witnessed a 62% increase in the same period. " In NCR’s peripheral Noida Expressway, average residential prices rose 66% in last six years – from Rs 5,075 per sq. ft. in 2019 to Rs 8,400 per sq. ft. in Q3 2024. Prime area Raj Nagar Extension saw 55% growth in this period – from INR 3,260 per sq. ft. in 2019 to Rs 5,050 per sq. ft in Q3 2024. However, this is by no means a uniform trend. For instance, the prime area of Dwarka Expressway in Delhi saw a significant 93% jump in average residential prices – from Rs 5,359 per sq. ft. in 2019 to Rs 10,350 per sq. ft. in Q3,"
Brookfield India Reit launches QIP issue to raise up to Rs 3,500 cr
Brookfield India Real Estate Trust on Monday launched its QIP issue to raise up to Rs 3,500 crore by issuing shares to institutional investors. In a regulatory filing, Brookfield India Real Estate Trust informed that the Issue Committee of the board of directors of Brookprop Management Services Pvt Ltd -- manager to Brookfield India Reit -- approved the opening of the QIP (qualified institutional placement) issue on Monday. The panel approved the floor price of Rs 287.55 per unit. The unit price closed at Rs 290.73 apiece on the BSE. Last month, the company's unitholders approved a proposal to raise up to Rs 3,500 crore.
Realty, infra firms say CRR cut positive for sector, will infuse liquidity
With the Reserve Bank of India’s (RBI) cut in the cash reserve ratio (CRR) by 50 basis points, real estate firms are hoping that banks will lend more to the sector, helping to mitigate liquidity issues. Dr Niranjan Hiranandani, chairman of the National Real Estate Development Council (NAREDCO), believes that the CRR cut will augment the credit-lending capacity of banks, making more funding available in the market to enhance business growth. Anuj Puri, chairman of Anarock Group, stated that the RBI cut the CRR to address liquidity woes. “This cut in CRR is positive for the Indian real estate sector, as banks will have higher lending capacity. This directly supports developers in borrowing more for development,” he added. Aman Sarin, director & chief executive officer, Anant Raj Limited, projected that the CRR cut will free up additional funds for banks, enabling increased lending to both retail and institutional borrowers.
Home prices surge upto 65% in 25 Tier II cities in 1 yr, led by Jaipur
There has been a dramatic surge in housing prices across the top 25 tier II cities in India between October 2023 and October 2024, with Jaipur recording the highest increase at 65% per cent, according to a report by PropEquity. Agra came in at second spot at 59%, followed by Guntur in third place with a 51% rise. However, several cities like Bhopal, Mohali, Sonepat, and Trivandrum saw price declines during the same period. Goa is the only city to cross the Rs 10,000 per square foot mark, while cities in Gujarat remain below Rs 5,000 per square foot.
Registeration in Mumbai property risess by 5% in November
Property registrations in Mumbai municipal region increased by 5 per cent in November 2024, with over 10,200 units registered. This reflects better housing demand according to Knight Frank India. Despite a decline from October's 12,960 units, the demand for premium properties and larger living spaces in Mumbai's real estate market is rising. In a statement on Saturday, real estate consultant Knight Frank India said that Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 10,216 property registrations in November 2024. The data is as of 8 pm on Saturday. The number might increase slightly.
Demand for retail space in malls, high streets in top 8 cities up nearly 5% in Jan-Sep: C&W report
Leasing of retail space in shopping malls and prominent high streets rose nearly 5 per cent during January-September this year across eight major cities, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield data showed that the absorption or leasing of retail space in Grade-A malls and main high streets across the top eight cities stood at 5.53 million square feet during January-September 2024 against 5.29 million square feet in the corresponding period of the preceding year. These eight cities are -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad.
Godrej Properties raises Rs 6,000 cr via QIP for 'future development'
Realty firm Godrej Properties Ltd has raised Rs 6,000 crore by selling shares to institutional investors, including Singapore sovereign wealth firm GIC and SBI Pension, through qualified institutional placement (QIP) route as it looks to expand business amid strong demand for residential plots and apartments. On November 27th, the company launched its QIP issue to raise up to Rs 6,000 crore. The company has raised this amount by diluting nearly 8 per cent of equity through the QIP issue, which was closed on Monday. The QIP Placement Committee of the board approved the issue price of Rs 2,595 per equity share, which is at a discount of Rs 132.44 (4.86 per cent of the floor price) to the floor price of Rs 2,727.44 per equity share. It also approved the allocation of 2,31,21,387 equity shares to be allotted to eligible qualified institutional buyers.
Real estate developers see strength in the south-side story
CRISIL, a leading, agile and innovative global analytics company, today hosted its Real Estate Conclave (CREC) in Kochi, Kerala, to strong response from participating developers and other industry stakeholders. Takeaways from deliberations at the conclave underlined many of the findings of a sentiment survey conducted in the lead up - broadly indicating that developers are optimistic of continued growth in southern markets, particularly Kerala. RERA statistics indicate that of ~1.35 lakh project registrations in India, Maharashtra leads with ~35%, followed by Tamil Nadu (~16%) and Gujarat (~11%). The southern states - Tamil Nadu, Andhra Pradesh, Kerala, Karnataka and Telangana - collectively hold ~34% share, underscoring their importance in the real estate ecosystem.
Blackstone and Sattva Group set to file papers for $750-800 million REIT listing
World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft papers for the listing of an office real estate investment trust (REIT), comprising around 50 million square feet of commercial assets, to raise around $750-800 million, sources said. Blackstone’s assets under its office platform Nucleus Office Parks and those developed jointly with the Sattva group will form the portfolio for the REIT. Sources indicated that the filing of the draft prospectus is imminent, and the aim is to go for a listing early next fiscal year. Blackstone declined to comment, while the Sattva group did not respond to a request for comment.
Century Real Estate targets Rs2,000 Cr sales in FY25, led by surge in luxury and aspirational segment
Bengaluru (Karnataka) [India], December 10: Coming to be known as the fastest growing city in the world, Bengaluru has witnessed a substantial boom in the luxury and aspirational real estate segments since 2020. Continuing its legacy of contributing to the city's growth story over the past 5 decades, Century Real Estate, one of the city's premier real estate developers, continued a remarkable 2X growth YoY in sales, recording an impressive Rs1,040 crores in the first half of the fiscal year. With a pipeline of new launches at prime locations, the company is aiming for crossing Rs2,000 crores in sales this fiscal, which should position it in the top tier of developers in the city by sales revenues. Surpasses Rs1040 Cr worth of bookings in H1 with 2X growth YoY. The company witnessed a record Rs507 crores in sales in Q2 FY 2024-25, the company's highest ever in a single quarter.
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