Overall, CY2024 will continue to be an end-user-driven market,” Knight Frank’s Rathi added. Further, Bengaluru-based Prestige Group, Puravankara, and Brigade Group have entered or have announced their plans to enter the Mumbai real estate market. The National Capital Region recorded gross sales of approximately 65,625 units, a three p.c development over the earlier year. Bengaluru witnessed the sale of 63,980 units in 2023, an annual increase Real Estate News of 29 %, whereas Hyderabad recorded gross sales of sixty one,715 models. At approximately 1,53,870 models, the Mumbai Metropolitan Region saw the highest gross sales, followed by Pune, where 86,680 flats were offered, information from ANAROCK, an actual estate consultancy firm, showed.
- Lorber and Boriskin snared $246 million in 2023 sales, bringing their lifetime cume above $2 billion.
- Dubai’s annual real estate transactions crossed the milestone of half a trillion dirhams for the first time in 2022.
- NRI investments have significantly formed the Indian industrial real estate landscape, driving a surge in property prices and demand for prime spaces in main cities.
- His current listings embrace Pasadena’s largest single-family house, 2 Oak Knoll Terrace, listed at $36.5 million, and one of Beverly Hills’ nice estates, 9463 Sunset Blvd., listed for $28.9 million.
Mumbai Real Estate
Shah On Property: A Note Of Warning Amid The Merger Mania
Due to people’s increased willingness to purchase properties in areas with robust infrastructure, that is additionally increasing demand for real estate. After dealing with a wave of challenges following the Covid-19 pandemic, India’s real estate sector has registered robust progress with a large uptick in demand. HWA Hong Corporation has sold OneTen Paya Lebar, an eight-storey high-tech industrial building that houses a data centre, for S$140 million. In Tangerang, land gross sales remained comparatively small, primarily through Griya Idola, which focuses on selling industrial plots and buildings. Two transactions occurred, amounting to a total land space of approximately 0.1 hectare, accompanied by buildings measuring 225 sq m and 320 sq m, respectively.