Indian Real Estate Market Sees Surge in Demand, Leading Developers Expand Portfolios
Top real estate players like Prestige Estates Projects, Sattva, Sobha, Brigade Enterprises, Suraj Estate Developers, and Hiranandani Group are expanding their portfolios and investments to meet rising demand.
Real EstateIndian Real Estate MarketResidential ProjectsCommercial ProjectsRedevelopment ProjectsReal Estate MumbaiJun 27, 2024
Prestige Estates Projects plans to invest Rs 4,000-5,000 crore on land acquisition in FY25, aiming for a gross development value of Rs 25,000-30,000 crore in residential projects. The company has announced a robust launch pipeline for FY25, with residential developments valued at around Rs 60,000 crore. These projects span multiple key geographies, including Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Goa, and Chennai.
Sattva Group, backed by Blackstone, plans to invest Rs 12,000-14,000 crore over the next 2-3 years. The expansion includes 15.5 million square feet of residential projects by FY25 in Bengaluru, Hyderabad, and Mumbai, along with acquiring 1.5 million sq ft in Mumbai.
Mumbai-based Suraj Estate Developers has a pipeline of 16 upcoming projects and is in discussions with several societies interested in redevelopment, potentially expanding its project portfolio. The company is also foraying into the commercial property market, alongside the development of an ultra-luxury project in Bandra.
Hiranandani Group has announced plans to invest Rs 1,000 crore to tap into the growing mid and luxury home demand in Mumbai. Prescon Group plans to invest about Rs 250 crore in various high-potential redevelopment projects across prime locations in Mumbai and the surrounding metropolitan region.
Information
Prestige Estates Projects is a leading real estate developer in India, known for its luxury residential and commercial projects. Sattva Group is a Bengaluru-based real estate developer with a strong presence in the commercial and residential segments. Suraj Estate Developers is a Mumbai-based real estate developer with a focus on residential and commercial projects. Hiranandani Group is a Mumbai-based real estate developer with a strong presence in the residential and commercial segments. Prescon Group is a Mumbai-based real estate developer with a focus on redevelopment projects.
Prestige Estates Projects is a leading real estate developer in India, known for its luxury residential and commercial projects. The company has a strong presence in multiple geographies, including Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Goa, and Chennai.
Sattva Group is a Bengaluru-based real estate developer with a strong presence in the commercial and residential segments. The company has a significant portfolio of projects across Bengaluru, Hyderabad, and Mumbai.
Suraj Estate Developers is a Mumbai-based real estate developer with a focus on residential and commercial projects. The company has a pipeline of 16 upcoming projects and is in discussions with several societies interested in redevelopment.
Hiranandani Group is a Mumbai-based real estate developer with a strong presence in the residential and commercial segments. The company has announced plans to invest Rs 1,000 crore to tap into the growing mid and luxury home demand in Mumbai.
Prescon Group is a Mumbai-based real estate developer with a focus on redevelopment projects. The company plans to invest about Rs 250 crore in various high-potential redevelopment projects across prime locations in Mumbai and the surrounding metropolitan region.
Frequently Asked Questions
Which real estate players are expanding their portfolios and investments?
Leading real estate players like Prestige Estates Projects, Sattva, Sobha, Brigade Enterprises, Suraj Estate Developers, and Hiranandani Group are expanding their portfolios and investments.
How much does Prestige Estates Projects plan to invest on land acquisition in FY25?
Prestige Estates Projects plans to invest Rs 4,000-5,000 crore on land acquisition in FY25.
What is Sattva Group's expansion plan?
Sattva Group plans to invest Rs 12,000-14,000 crore over the next 2-3 years, including 15.5 million square feet of residential projects by FY25 in Bengaluru, Hyderabad, and Mumbai.
What is Suraj Estate Developers' pipeline of projects?
Suraj Estate Developers has a pipeline of 16 upcoming projects and is in discussions with several societies interested in redevelopment, potentially expanding its project portfolio.
How much does Hiranandani Group plan to invest in Mumbai?
Hiranandani Group plans to invest Rs 1,000 crore to tap into the growing mid and luxury home demand in Mumbai.
Tags:
Related News Articles
Revamping Insolvency Resolution: Addressing the Plight of Operational Creditors under IBC
The median recovery for operational creditors under the Insolvency and Bankruptcy Code (IBC) stands at a mere 6%, highlighting the need for a hybrid insolvency resolution process to address their concerns.
Pune Real Estate Market Sees Significant Boost as Prestige Exora Business Parks Buys 4.57-Acre Land Parcel for ₹200 Crore
Pune real estate market witnesses a 25% year-on-year increase in property registrations in July 2024. Prestige Exora Business Parks buys 4.57-acre land parcel in Kharadi for ₹200 crore.
Next Capital Unveils Luxury Project Samana Barari and Global Affiliate Program Amid Dubai's Property Boom
Dubai [UAE], September 11: Next Capital, a leading real estate company in Dubai, has announced the launch of newest luxury project, Samana Barari, amid a 48.84% surge in demand for off-plan properties.
Arkade Developers Makes a Strong Market Debut with 37% Surge in Share Price
Arkade Developers, a fast-growing real estate development company, listed with a premium of over 37% against the issue price of Rs 128.
Mumbai Brothers Assault and Strip Real Estate Agents in Andheri
Three brothers in Mumbai's Andheri area have been arrested for allegedly assaulting and stripping three real estate agents who were taking photos of their property. The victims were gathering information for redevelopment purposes.
Zerodha's Nithin Kamath: Should Pollution Levels Influence Property Prices?
Zerodha's CEO, Nithin Kamath, has suggested a novel idea: property prices should reflect the level of pollution in the area. His argument is simple yet compelling: if an area is more polluted, property prices should be lower to reflect the poorer quality