Billionaire industrialist Ajay Piramal is in makeover mode. He wants to remould his conglomerate into a well-diversified NBFC and a pharma firm, which would both be giants in their respective spaces.
For homebuyers, the extension of previously announced incentives comes as a breather; commercial real estate gets a boost with TDS exemption for REITs, which will address the liquidity situation.
Canada's Brookfield Asset Management, with real estate assets under management worth $6.6 billion in India, is expecting to shore up ₹3,800 crore from the public market by listing the Brookfield REIT.
The IT/ITeS, e-commerce, healthcare, and FMCG sectors have propped up the office real estate market, which is expected to record a net absorption of 32 to 35 million sq.ft. by the year end.
The new norm of working from home has turned the tables for India’s housing market. Now, there has been a 10% rise in the average size of apartments, which had been shrinking since 2014.
Regency Group has carved a niche for itself under the leadership of its Chairman and MD, Mr. Agarwal. Ever since its inception in 2001, the company has focussed on developing high-quality spaces.
Covid-19 has given rise to a convergence between “luxury real estate” and “quality of life,” where the two are now seen as being synonymous. People now want houses with more facilities.
The rise in home sales across the country is because of historically low home loan rates, and discounts being offered by developers. And consumers are opting for bigger homes with a study room.
Anarock Property Consultants says housing sales in the top seven cities in India could cumulatively record a 35% jump in the October to December quarter, on a sequential basis.
