Top Tier Residences

 Chennai-based real estate company DRA is gearing up for an exciting phase of expansion as it targets the cities of Pune and Bengaluru for its next growth trajectory. With plans to strengthen its position in the market, DRA is set to become a key player in these emerging cities, which are seeing rapid growth in the real estate sector. DRA Real Estate Expands to Pune and Bengaluru, Targets Rs 1,000 Crore Revenue by 2026-27 Revenue Growth and Expansion Plans DRA has set ambitious goals for the coming years. The company expects its revenue to reach Rs 500 crore by the end of this financial year, with a targeted growth to Rs 1,000 crore by 2026-27. This is a significant increase from the Rs 300 crore the company achieved in FY 2023-24. The company is committed to driving growth through strategic expansion in new markets and enhanced offerings in its home market of Chennai. Strengthening Chennai Market Presence In addition to the expansion into Pune and Bengaluru, DRA continues to solid...

 Olav Thon, the Norwegian billionaire who built one of Norway’s largest privately-held real estate empires, has passed away at the age of 101. Thon, known for his entrepreneurial spirit, was the founder and chairman of the Olav Thon Group, which owns an extensive portfolio of properties across Norway, Belgium, and the Netherlands, including nearly 90 shopping malls, 80 hotels, and 500 commercial properties. His death was confirmed by Kjetil Nilsen, the CEO of Olav Thon Gruppen, on the company’s website, though no cause of death was provided. Olav Thon in one of his hotels, photographed in 2004. A Self-Made Tycoon Thon’s journey to becoming one of Norway’s wealthiest individuals began humbly. Born on June 29, 1923, in the rural Hallingdal region of Norway, Thon started his entrepreneurial career at a young age, selling Christmas cards to neighbors at the age of eight. By 18, he had already secured his first construction contract. His initial business ventures involved selling furs, ...

 The real estate market in the National Capital Region (NCR) has experienced an unprecedented surge in property prices over the past five years, with Noida emerging as the frontrunner. According to a recent analysis by PropEquity, residential property prices across key NCR locations, including Noida, Gurugram, Greater Noida, and Ghaziabad, have more than doubled. Notably, Noida saw the highest price growth, with rates soaring by 152% from 2019 to 2024. Supertech twin towers in Noida, set for demolition ahead of the Supreme Court's August 2022 deadline. Price Surge Across NCR Noida's residential property prices have seen a remarkable rise, with the average cost per square foot escalating from Rs 5,910 in 2019 to Rs 14,946 by September 2024. Ghaziabad's property prices also witnessed a significant increase of 139%, climbing from Rs 3,691 per square foot to Rs 8,823 per square foot. In Gurugram, another prominent real estate hub, prices jumped by 135%, from Rs 8,299 per square...

 Investing in G Square Commercial Land in Chennai presents unparalleled advantages within the city’s thriving real estate market. Often dubbed India’s "Detroit," Chennai continues to experience steady economic growth, attracting investors with strong rental returns and abundant job opportunities. Prime locations such as ECR and OMR offer exceptional potential for high returns, especially with the city’s relatively affordable property prices compared to other major metropolitan areas. Unlock High Returns with G Square Real Estate's Commercial Land in Chennai G Square Real Estate strategically places its commercial properties within bustling residential communities, granting businesses immediate access to a ready consumer base. Additionally, the large frontages of G Square projects amplify visibility and foot traffic, further enhancing the investment’s long-term value. Through the G Square Owner 's Built-To-Suit program, businesses can customize commercial space...

Mumbai-based real estate giant Macrotech Developers , also known as Lodha Group , has purchased a 2.82-acre land parcel in Pune’s rapidly growing Hinjewadi area for ₹110 crore. The deal, finalized on October 14, was recorded in property registration documents obtained by CRE Matrix. Lodha Group Buys 2.82 Acres in Pune for ₹110 Crore The land, located in Pune’s prime information technology hub, provides excellent connectivity to the Mumbai-Pune Expressway . This acquisition strengthens Lodha’s presence in Pune, following previous developments like the Lodha Belmondo project near the expressway and a recent venture in Kharadi. Additionally, the company announced the acquisition of Goel Ganga Ventures India Private Limited earlier this year, signaling its continued expansion in the city. The newly acquired site, which includes land designated as a Special Economic Zone (SEZ) , represents a prime opportunity for future development. The stamp duty for the transaction was ₹6.64 crore, wit...

Bhutani Infra has made a strategic acquisition of the Logix City Center in Noida ’s Sector 32 for nearly ₹1,000 crore, including renovation costs. The company announced the deal on November 11, marking a significant addition to its growing portfolio. Bhutani Infra Acquires Logix City Center, Noida for ₹1,000 Crore The retail hub will be rebranded as Bhutani City Center 32 . Bhutani Infra plans to revamp the property, which will now host luxury brands and a 5-star hotel to cater to the high-net-worth individuals (HNIs) in the vicinity, within a 2 km radius. In a statement, Ashish Bhutani , CEO of Bhutani Infra, highlighted that the acquisition aligns with the company’s growth strategy, emphasizing the creation of integrated spaces for work, leisure, and lifestyle. He further stated that the demand for premium, mixed-use developments in Noida has surged by 35% over the past year, positioning the new project to capitalize on this growth. With this acquisition, Bhutani Infra aims to resha...

In India’s booming real estate market , buyers of ultra-luxury homes priced at ₹3 crore and above are now the quickest decision-makers, with an average lead-to-buy time of just 15 days in H1 FY 2025. This is a remarkable reduction from the previous fiscal year, where the decision-making process for this segment took 22 days on average. In comparison, those purchasing homes in the ₹50 lakh to ₹1 crore range are taking around 30 days to finalize their purchase, reflecting a more cautious approach. Ultra-Luxury Homebuyers in India Make Quicker Decisions Anarock’s recent report shows that the overall lead-to-buy time in India has decreased to 26 days in the first half of FY 2025, down from 33 days in FY 2021. This acceleration is attributed to strong demand, heightened buyer confidence, and an influx of branded developer supply, enabling faster decision-making across the board. Why Ultra-Luxury Buyers Act Faster According to Anuj Puri, Chairman of Anarock Group, ultra-luxury homebuyers a...

The luxury real estate segment has become a driving force in India's property market, reshaping its landscape with a focus on upscale living and exclusive amenities. As homebuyers seek larger, more refined spaces, real estate developers are increasingly turning their attention to luxury and ultra-luxury projects to meet this demand. Millennials fuel growth in India’s luxury real estate with high-end lifestyle choices. Millennials Fueling the Growth of Luxury Homes A significant portion of luxury homebuyers today comprises millennials who are entering the high-end property market in increasing numbers. For this generation, lifestyle and comfort are top priorities, and they are gravitating toward luxurious, spacious homes, especially in scenic locations away from crowded city centers. For instance, areas like Goa have gained popularity as ideal spots for these buyers to invest in private villas, serving as both tranquil retreats and valuable real estate assets. The shift to remote a...

The Indian housing market has shown a remarkable improvement in efficiency, with the lead-to-buy time dropping to just 26 days during the first half of the fiscal year 2025 (H1 FY25), as reported by Anarock. This figure represents the shortest time for potential homebuyers to complete the buying process after showing initial interest, indicating a surge in both demand and market responsiveness. India's home-buying time drops to 26 days: Anarock data Accelerated Decision-Making Among Buyers The decline in lead-to-buy time is primarily due to an increase in buyer confidence, spurred by factors such as stable property prices, favorable home loan interest rates, and a recovering economy. Buyers are now quicker in their decision-making process, often sealing deals within weeks of initial interest. Traditionally, the lead-to-buy period has been much longer, often stretching to several months as buyers considered various options, financing, and market conditions. However, the latest data...