Ecobox Industrial Parks has announced plans to invest INR 400 crore in a greenfield development near Chennai, Tamil Nadu. The facility, spanning 12 lakh sq ft, will cater to India's growing demand for modern industrial and logistics spaces. The project site, well-connected to key industrial corridors, will support e-commerce, third-party logistics, and light manufacturing. Ecobox's operating platform, Logicap Advisors, currently manages 13 million sq ft of logistics assets. With this addition, its total managed space has grown to 4.8 million sq ft since its inception in 2023.Read more

The private equity (PE) market in Indian real estate showed notable shifts in the first nine months of FY25. While the number of PE deals fell from 30 to 24 compared to the same period in FY24, the total investment value rose by 6% to USD 2.82 billion, thanks to a landmark USD 1.54 billion warehousing deal involving Reliance-ADIA/KKR. This deal boosted the logistics and warehousing sector, which accounted for 62% of total investments. Multi-city transactions dominated, with Bengaluru and Hyderabad emerging as key cities. The industrial and logistics segment saw robust growth, while the office and residential sectors faced challenges due to geopolitical concerns and high interest rates.Read more

Playback singer Stebin Ben has purchased a luxurious duplex apartment in Mumbai's prestigious Bandra area for INR 6.67 crore. The 1,484 sq ft carpet area property, located in the Iconic 7 Co-op Housing Society, was jointly acquired with his family. The transaction included INR 40.02 lakh in stamp duty and INR 30,000 in registration fees. Known for his contributions to Bollywood films and web series, Ben's investment reflects his rising success in the entertainment industry. His career mirrors broader trends, with playback singers branching into independent music, enhancing their financial and professional growth while capitalizing on Bandra's luxury real estate appeal.Read more

India's residential real estate market grew by 12.76% in supply across 13 major cities in Q4 2024, driven by Bengaluru and Gurugram, according to Magicbricks. The luxury segment now represents 52% of new supply, reflecting a 14.4% year-on-year growth. Under-construction properties surged by 10.97%, with Gurugram, Kolkata, and Bengaluru leading the rise. Meanwhile, ready-to-move properties showed marginal growth at 0.03%. Greater Noida, Noida, and Gurugram saw exceptional capital appreciation, with year-on-year increases of 42.5%, 42.4%, and 35%, respectively. With rising demand in urban areas and robust supply, India's residential real estate market demonstrates strong momentum heading into 2025.Read more

Foreign equity investments in Indian real estate soared to USD 11.4 billion in 2024, a 54% year-on-year increase, led by Singapore (36%), the United States (29%), and Canada (22%), as per a CBRE report. Domestic investments also accounted for 70% of the total inflows, with developers capturing 44%. Metropolitan hubs like Mumbai and Delhi-NCR attracted 50% of the total investment. The last quarter alone saw USD 2.5 billion, driven by office assets and logistics sectors. The surge reflects post-pandemic recovery, favorable regulations, and rising demand for warehousing fueled by e-commerce, positioning the sector for sustained growth and diverse investment opportunities.Read more

Rajasthan's local self-governance department has announced a rebate program to boost urban development (UD) tax compliance. Residents paying their full UD tax for 2023-24 by March 31 will receive a complete waiver on interest charges. Additionally, a 50% discount on principal amounts and penalty waivers apply to pending UD and house tax dues before 2011-12. The tax targets residential properties over 300 square yards and commercial units over 900 square feet. Jaipur Municipal Corporation (JMC) Greater collected Rs 69 crore last year but aims to increase revenue through incentives and proactive measures like inspections and tax camps, ensuring funds for city development.Read more

The Ranchi Municipal Corporation (RMC) is pursuing 85 property tax defaulters, including Saraswati Shishu Vidya Mandir in Dhurwa, which owes INR 17.03 lakh, to recover INR 23 crore in outstanding holding taxes for FY 2023-24 and 2024-25. With INR 60 crore collected so far against a INR 83 crore target, RMC has issued final warnings, urging payment within seven days to avoid property attachment and account freezes. Over 1,000 notices have been sent, and hoardings promote online payments while warning of legal actions under Section 184 of the Jharkhand Municipal Act. Funds will support civic services like road maintenance and waste management.Read more

India's land transactions surged by 47% in 2024, with over 2,000 acres involved in 135 deals across major cities like Delhi-NCR, Bengaluru, Mumbai, Chennai, and Pune, according to CBRE. The residential sector drove growth, accounting for 60% of the land volume (1,190 acres) and experiencing a 70% increase from 2023. Delhi-NCR led the market with 40 transactions, primarily in Gurugram and Noida. Other segments, including data centers, office spaces, and mixed-use developments, contributed to the diversification of asset preferences. This growth reflects rising urbanization, supportive policies, and India's positioning as a hub for real estate and digital infrastructure investment.Read more

India's luxury real estate market witnessed a 17% growth in sales value in 2024, with 59 high-end homes sold for INR 4,754 crore, up from INR 4,063 crore in 2023, according to Anarock. Mumbai dominated with 88% of sales, while Delhi-NCR, Hyderabad, and Bengaluru contributed modestly. Notably, 17 transactions surpassed INR 100 crore each, highlighting robust demand for ultra-premium properties despite rising construction costs. Driven by a growing affluent class and evolving post-pandemic lifestyle preferences, the trend underscores a shift towards spacious, modern homes. As urbanization accelerates, the luxury market is poised for sustained growth in the coming years.Read more

The Bruhat Bengaluru Mahanagara Palike (BBMP) is preparing to intensify actions against major commercial property tax defaulters following the end of the One-Time Settlement (OTS) scheme. With an outstanding INR 300 crore due from nearly 2 lakh properties, BBMP has developed a comprehensive plan, targeting 240 properties across various zones, focusing primarily on commercial ones. Residential properties will not be seized unless unoccupied. However, the Bengaluru Coalition has criticized BBMP's approach, calling it insufficient and ineffective. They argue that sealing properties under existing laws has had little impact and doesn't address the issue at hand.Read more