Macrotech Developers, a leading real estate company, has reported a 21% increase in sales bookings to a record Rs 4,290 crore during the July-September period, driven by strong housing demand.
Real EstateMacrotech DevelopersLodha BrandSales BookingsRevenue GrowthReal EstateOct 04, 2024
Rs 4,290 crore
21%
Bengaluru
Rs 5,500 crore
20%
Maharashtra has appointed 12 officers to expedite the recovery of Rs 912 crore under the MahaRera scheme, focusing on protecting the interests of homebuyers in key districts such as Mumbai City, Mumbai Suburban, Thane, and Pune.
The company is expecting a growth of 20-30% in bookings during 2024-25, driven by new project launches worth ₹2,000-2,500 crore.
Gurugram's real estate market has seen a significant surge in luxury project launches, reaching Rs 88,000 crore in 2024, reflecting a strong demand for upscale properties.
Recent data from a leading real estate consultancy reveals that retail space leasing in Grade-A malls and prime high streets across major cities has witnessed a significant 5% growth in 2024, driven by strong demand and consumer confidence.
Hindalco Industries has agreed to sell a land parcel in Maharashtra to Ekamaya Properties Pvt Ltd, a subsidiary of Birla Estates Pvt Ltd, for Rs 595 crore.
Piper Sandler remains optimistic about the housing market, predicting a continued rise in rental prices until 2026. This forecast aligns with recent market data, indicating that real estate companies are adapting to evolving market conditions.