Over 700 Acres of Land Deals Closed Jan-Mar: ANAROCK
Real Estate

Over 700 Acres of Land Deals Closed Jan-Mar: ANAROCK

According to ANAROCK, a leading real estate consultancy, approximately 721 acres of land deals were closed in the first quarter of the year. This marks a significant uptick in land transactions, reflecting renewed activity and investor confidence in the real estate sector.

The data provided by ANAROCK also reveals a substantial increase in land deals compared to the previous fiscal year. In FY24, nearly 3000 acres of land transactions were recorded, indicating a robust growth trajectory for the real estate market despite ongoing challenges.

The surge in land deals suggests a revival in demand for development opportunities and investment in prime land parcels across various regions. It underscores the resilience of the real estate sector and its ability to adapt to changing market dynamics.

ANAROCK's report highlights the positive momentum in land transactions and the potential for further growth in the coming months. As the economy continues to recover and investor sentiment improves, the real estate market is expected to witness sustained activity in land acquisitions and development projects.

Overall, the data provided by ANAROCK underscores the increasing optimism and activity in the real estate sector, particularly in land transactions. The surge in land deals signals a promising outlook for the industry and reinforces its role as a key driver of economic growth and development.

According to ANAROCK, a leading real estate consultancy, approximately 721 acres of land deals were closed in the first quarter of the year. This marks a significant uptick in land transactions, reflecting renewed activity and investor confidence in the real estate sector. The data provided by ANAROCK also reveals a substantial increase in land deals compared to the previous fiscal year. In FY24, nearly 3000 acres of land transactions were recorded, indicating a robust growth trajectory for the real estate market despite ongoing challenges. The surge in land deals suggests a revival in demand for development opportunities and investment in prime land parcels across various regions. It underscores the resilience of the real estate sector and its ability to adapt to changing market dynamics. ANAROCK's report highlights the positive momentum in land transactions and the potential for further growth in the coming months. As the economy continues to recover and investor sentiment improves, the real estate market is expected to witness sustained activity in land acquisitions and development projects. Overall, the data provided by ANAROCK underscores the increasing optimism and activity in the real estate sector, particularly in land transactions. The surge in land deals signals a promising outlook for the industry and reinforces its role as a key driver of economic growth and development.

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Real Estate

Luxury home sales nearly equal affordable homes for first time

In a noteworthy shift, luxury homes, priced above Rs 1.5 crore, constituted 21% of total sales in the January-March quarter of this year, nearly matching the share of affordable homes, which stood at 20%, according to a report released. This marks the first time such parity has been observed, signaling evolving trends in the real estate market.

Anarock, a prominent real estate consultancy, revealed that the share of luxury homes has surged from a mere 7% in the same quarter of 2019. Conversely, the proportion of affordable homes, priced below Rs 40 lakh, has witnessed a decline from 37%..

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Infrastructure Urban

Anarock's FY24 Net Revenue Rises 36%

Anarock, a leading real estate services firm, has reported a significant increase in net revenue by 36% for the fiscal year 2023-24. This surge in revenue underscores the company's robust performance amidst the dynamic real estate market landscape.

The substantial growth in net revenue reflects Anarock's resilience and adaptability in navigating market challenges and capitalising on emerging opportunities. The firm's strategic initiatives and customer-centric approach have contributed to its strong financial performance despite the evolving market conditions.

Anarock's impressive..

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Real Estate

Land deals surge: 721 acres closed in Q1

The real estate sector in India has witnessed a significant surge in land transactions, with 721 acres of land deals closed in the January-March quarter alone. This uptick reflects renewed investor confidence and signals a positive trajectory for the industry.

Anarock, a leading real estate consultancy firm, reports that the fiscal year 2023-24 saw nearly 3000 acres of land transactions, marking a substantial increase compared to previous years. This surge in land deals indicates growing interest from both domestic and international investors in India's real estate market.

The ri..

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Real Estate

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..

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Real Estate

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.

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