Decarbonisation platform Accacia raises $ 6.5 mn for real estate
India’s green real estate assets availability grows 37% in 5 years
Green real estate assets availability in India increased by 37% in the last five years, according to a recent CBRE report.
According to the report, green real estate assets in the top six cities - National Capital Region (NCR), Mumbai, Pune, Hyderabad, Bengaluru, and Chennai- have grown considerably over the last decade, with their share of total office stock growing from 24% in 2011 to 31% in 2021. The certified green office stock increased by 177% in the last five years. It increased to 212 million sq ft in the third quarter (Q3) of 2021 from 80 million sq ft in 2011.
Brookfield India REIT to Acquire Bharti's Stake in Realty JV
Brookfield India Real Estate Trust (BIRET) is set to acquire nearly 50% stake in a real estate joint venture with Bharti Enterprises. This joint venture, Rostrum Realty Private Limited, includes properties across Delhi-NCR. The transaction is valued at approximately ?6,000 crores. Last year, Brookfield Asset Management already acquired a similar stake in four Bharti commercial properties.
With this acquisition, Brookfield?s REIT in India and Brookfield Asset Management will collectively control Rostrum Realty. This move is part of Brookfield's strategy to expand its real estate portfoli..
DLF Ventures into Mumbai, Goa with Luxury Homes This Year
DLF, India's leading real estate developer, is set to enter the luxury housing markets of Mumbai and Goa by the end of this financial year. The company plans to introduce high-end residential projects, marking its first significant ventures in these regions.
In Mumbai, DLF will launch a premium condominium project in Andheri, featuring luxury apartments priced between ?6 crore and ?8 crore. This development signifies DLF's re-entry into Mumbai's real estate market after a long hiatus. The project aims to cater to the burgeoning demand for luxury homes in India's financial capital.
..