20 May 2024

Gachibowli, located in the western part of Hyderabad, Telangana, has rapidly evolved into a prime residential and commercial hub. Renowned for its well-planned infrastructure and proximity to major IT parks, it offers a variety of housing options, from high-rise apartments to independent villas, catering to diverse budgets and preferences. The area is self-sustaining with excellent educational institutions, healthcare facilities, shopping malls, and recreational spaces. In April, Jains Carlton Creek was the top-selling building with 4 deals, reflecting the locality's popularity. The varied apartment sizes and prices ensure Gachibowli accommodates everyone from luxury buyers to value-conscious homebuyers. The thriving real estate activity underscores Gachibowli's status as a desirable modern urban living destination.Read more

17 May 2024

Maharashtra Real Estate Regulatory Authority (MahaRERA), the housing regulatory body in Maharashtra, has announced detailed regulations for retirement and senior citizen housing projects. These guidelines cover key aspects like building design, kitchens, bathrooms, green building practices, accessibility features, and safety and security measures. This makes MahaRERA the first housing regulator in India to introduce provisions specifically for senior living communities. With the notification, these regulations have been implemented in Maharashtra with immediate effect. Developers must now ensure any project marketed as senior or retirement housing meets these physical specifications.Read more

17 May 2024

Aadhar Housing Finance, a prominent affordable housing finance company in India, saw its shares listed on the stock exchanges on May 15 at INR 314.3 per share, marginally below its issue price of INR 315. Prior to listing, the stock traded at a premium of INR 50 in the unlisted market. Valued at INR 3000 crore, the company's IPO comprised a fresh issue of INR 1000 crore and an offer for sale of INR 2000 crore by Blackstone affiliate BCP Topco. The issue was oversubscribed 26 times, underscoring strong investor demand. Most proceeds will fund future lending while expanding financial inclusion.Read more

16 May 2024

DLF recently announced the successful sellout of its luxury residential project DLF Privana West in Gurugram valued at INR 5590 crores within just 3 days. Located in Sectors 76 and 77, the 12.572-acre project is part of the larger 116.296-acre DLF Privana community. It offers amenities like multiple car parks per unit against the backdrop of the Aravali Range and an upcoming safari park. Spread across 5 towers, it has 795 residences including 4 BHK apartments and penthouses designed for privacy with no overlapping views. Aakash Ohri, the joint managing director and chief business officer of DLF Home Developers, highlighted substantial interest from NRIs and reiterated DLF's commitment to building an integrated luxury living ecosystem.Read more

16 May 2024

Chandivali, located in Mumbai's western suburbs, has become a popular choice for both homebuyers and businesses due to its rapid development and diverse housing options. With high-rise apartments, gated communities, and independent houses, there's something for everyone's budget and preference. The area's connectivity to major business hubs and amenities like schools, hospitals, and shopping centers make it self-sufficient. In April, Amaryllis Towers and Plaza were the top-selling buildings, showcasing Chandivali's popularity. Apartments ranged from compact 225 square feet to spacious 944 square feet, with prices per square foot varying from INR 8,889 to INR 32,606. Chandivali's appeal lies in its blend of modern living, excellent connectivity, and affordability, making it a thriving real estate hub in Mumbai.Read more

15 May 2024

Three major private equity firms - Blackstone, Bain Capital and Temasek Holdings - are exploring acquiring a controlling 51% stake in Indian snacks giant Haldiram Snacks Food Pvt Ltd at a valuation of USD 8-10 billion. This would be one of India's largest PE deals in the consumer segment. The firms are conducting due diligence and the deal structure is being worked out. The goal is to eventually list the company to cash out. Earlier, Tata Group's consumer unit was in talks to buy this stake. The present deal follows the merger of Haldiram's Nagpur and Delhi divisions, which was approved by the Competition Commission of India last year. The Haldiram deal marks the growing attractiveness of India's consumer sector to global investors.Read more

15 May 2024

MahaRERA has proposed that realty developers provide an annual self-declaration of their projects' quality assurance based on multiple parameters such as structural design, stability, testing, quality of input material, quality of workmanship and various other crucial aspects. The Draft Regulation for Project's Quality Assurance is aimed at setting standards for processes, material and minimising the occurrence of defects and trouble for homebuyers. It is proposed that during the initial phases, abiding by the new regulations will be optional. Once the transition phase is over, it will become mandatory for all the developers to follow. The draft is available on MahaRERA's website for public feedback until May 23. Suggestions on the draft can be sent on suggestions.maharera@gmail.com.Read more

14 May 2024

Godrej & Boyce owns 3,400 acres of land in Vikhroli, Mumbai valued at INR 80,000 crore. Godrej Construction and Godrej Properties have partnered to develop this land, with potential to generate over INR 3 trillion in residential property sales. The companies intend to continue the partnership even after the split in the Godrej group. They have already partnered on the Godrej Platinum and Godrej Vistas projects totalling over 1 million sq ft. Future plans could see development of 100 million sq ft of real estate on the land, which offers proximity to Mumbai and potential for sustainable, high-quality developments.Read more

14 May 2024

Max Estates Limited, the real estate arm of Max Group, has announced plans to develop an intergenerational housing project spread over 18.23 acres in Gurugram. The project will have a gross development value of over INR 9,000 crore and a developable area of 4 million square feet. It will be developed as an intergenerational community with senior living facilities operated by Antara Senior Living. This consolidation of over 30 acres in sector 36A will allow Max Estates to capitalize on infrastructure upgrades on Dwarka Expressway, a prime luxury residential market. The two projects in Gurugram together imply a combined GDV potential of over INR 13,000 crore from developing an area exceeding 6.4 million square feet.Read more

13 May 2024

Aadhar Housing Finance Ltd. is set to launch its IPO on May 8th, 2024, with a combined offering of INR 3,000 crore, comprising fresh shares and an offer for sale by promoter Blackstone. The IPO offers investors a chance to participate in the growth of affordable housing finance in India. With a focus on economically weaker and low-to-middle-income customers, Aadhar plans to utilize IPO proceeds to expand lending operations and improve financial inclusion. Despite the positive outlook, questions linger about responsible lending and technological advancements in serving their diverse customer base.Read more