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Latest Articles in Construction

TDI Infratech To Invest Rs 100 Cr To Build Commercial Project In Mohali

The project will have space for retail, food and entertainment. It is part of TDI Smart City Mohali.

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India Data Centres Draw $396 Million Investment in 2020 So Far: Report

An ANAROCK-Mace report titled ‘Navigating the India Data Centre Lifecycle – Trends & Perspectives’ reveals that India will see at least 28 large hyperscale data centres constructed over the next three years.

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Jhunjhunwala's Rare Enterprises buys Indiabulls Real Estate shares worth nearly Rs 29 cr

Rare Enterprises bought 50 lakh scrips of the company at an average price of Rs 57.73 apiece, as per NSE's bulk deal data.

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Godrej Group Launches 'Godrej Housing Finance'

Godrej Housing Finance is aiming for a balance sheet of Rs 10,000 crore in the next three years, the company said in a statement. It will offer home loans, balance transfer and Loans Against Property to customers across Mumbai, NCR, Bangalore and Pune.

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Residential Records 60% Q-o-Q Sales Growth in Q2 FY2021: ICRA

Sustainability of the uptick and return to pre-Covid levels remain to be seen said ratings agency ICRA that had earlier expected a 45 per cent overall decline in sales volumes in FY2021. With some further recovery expected in H2, ICRA said it was revising its earlier estimate of sales volume decline in FY2021 to 35-40 per cent

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Australian Firm REA Group to Acquire Elara Tech, owner of Housing.com

NewsCorp owned Australian Online real estate business entity, the REA Group is set to acquire controlling stake in Elara Technologies which will become a stand- alone entity of REA Group to be led by Dhruv Agarwala and his leadership team

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MMR, Pune Expected to See Highest Festive Housing Sales Boost: Report

In Q4 2020, sales in MMR & Pune set to rise by 36% & 34% q-o-q respectively – highest among all cities. Q3 2020 sales in MMR stood at 9,200 units, 4,850 units in Pune. In 2015, MMR & Pune only cities to see housing sales rise (by 30% each) in Oct.- Dec. period against the previous quarter - all other cities saw sales decline in this period 2018 & 2019 saw sales rise by 7-11% in both western markets says a report by ANAROCK Property Consultants

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DLF inks one of the largest deal in Commercial Real Estate in 2020 for an upcoming project DLF Downtown, Taramani with Standard Chartered GBS

New-age workplace ecosystem – DLF Downtown in Taramani will create the state of the art facility for Standard Chartered GBS in India which will promote a modern, flexible and collaborative workspace

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PSUs’ office assets have REIT potential of over Rs 1.2 trillion: Knight Frank India

The report assesses the office assets owned by the Government of India’s Public Sector Units (PSUs) and estimates that the top 45 companies hold commercial properties viable for Real Estate Investment Trust (REIT) at a potential of over INR 1.2 trillion.

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Cold Storage Real Estate (RE) Capacity Likely to Double by 2023: CBRE

The overall cold storage (CS) capacity in India stood at about 37-39 million tons in 2019. Following the Covid-19 outbreak, the CS segment is expected to witness robust demand on the back of a surge in online grocery and fresh food sales, says CBRE

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Binswanger Partners With ANAROCK To Offer Focused Industrial Realty Services

Partnership will enable cross-border industrial property purchase and leasing between US and India

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Housing Sales-to-Supply Ratio Rises to 1.36 Amid Limited Launches: FICCI-ANAROCK Report

In 2014, the ratio was just 0.63; improvement is a good indicator of housing sector’s future growth potential affordability of mid-income homes to be lowest-best at 27% in FY21 versus 53% in FY1, the report states.

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SaaS – Using Technology to Boost Real Estate Uptake

Software as a service (Saas) is now the key tool for developers to reduce unsold housing inventory says Sunil Mishra, Head – Strategy, ANAROCK Group & CEO – TRESPECT Property Consultants

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