The Rise of Tier-2 and Tier-3 Cities in India's Real Estate Boom India’s real estate market is witnessing a paradigm shift as developers increasingly focus on real estate in Tier-2 cities and Tier-3 cities. In 2024, these emerging urban hubs accounted for 44% of the total 3,294 acres of land acquired by developers. This trend signals a move towards more sustainable and diversified real estate...
India Office Leasing Market Achieves Historic Growth in 2024 India’s commercial real estate market reached a historic milestone in 2024, with office leasing hitting a record 81.7 million square feet (MSF). This marks a 19% year-on-year growth, driven primarily by the IT and ITES sectors, which contributed 42% of the total leasing. Key Factors Behind the India Office Leasing Boom 1. IT/ITES Sector...
Adani Group acquiring Jaiprakash Associates: In a significant development within the infrastructure and real estate sectors, the Adani Group has submitted an Expression of Interest (EOI) to acquire Jaiprakash Associates Ltd (JAL) through the ongoing insolvency proceedings. This move underscores Adani's strategic intent to expand its footprint in the infrastructure domain by potentially integrating JAL's...
The real estate landscapes of Noida, Greater Noida, and Jewar are poised for a significant transformation as the Uttar Pradesh government's proposed increase in circle rate hike in Noida is set to take effect on April 1. This marks the first adjustment in nearly nine years, with anticipated hikes ranging from 20% to 70%, aiming to align the government's prescribed circle rates with the prevailing market...
Max Estates and M3M Group Noida land auction Max Estates and M3M Group Secure Prime Commercial Plots in Noida Authority's ₹1,500 Crore Auction In a significant development for Noida's real estate sector, Max Estates and M3M Group have emerged as top bidders in the Noida Authority's recent commercial land auction, collectively securing properties worth over ₹1,500 crore. Max Estates' Landmark...
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