India Residential Real Estate News

Related Real Estate Industry News

November 2022: Tiger Global sponsored a cooperation between the occupancy detection platform Butlr and the data and technology company Propstack which would enable occupancy sensing across commercial real estate projects in India. To make data-driven real estate decisions and enhance the workplace experience, Propstack's Indian clients would be able to obtain and use occupancy and space usage data offered by Butlr, thanks to this agreement.

April 2022: The Canada Pension Plan Investment Board ("CPP Investments") and TATA Realty and Infrastructure Limited established a joint venture to build and own commercial office space in India. Aiming to handle assets worth more than INR 50 billion (USD 604.18 million), the joint venture will focus on stabilizing and developing assets. With a pledge of INR 26 billion from CPP Investments, the joint venture's total aggregate equity value would be INR 53 billion (USD 640.43 million).

• November 2022: ValuStrat, a Middle East consulting company, increased its foothold in the UK by acquiring an interest in Capital Value Surveyors, a real estate advisory services company with offices in London. The UK continues to be one of the most established real estate markets worldwide and attracts foreign investors regularly. They are excited to expand their presence there to better serve all of their clients, both in the UK and the Middle East.
• September 2022: Following Vistry Group's GBP 1.3 billion (USD 1.57 billion) cash and stock agreement to acquire smaller rival Countryside, two of the largest housebuilders in the UK will merge. The acquisition would offer Vistry more size as it prepares for an anticipated UK recession amid high inflation, which threatens to end a very robust property market during the coronavirus epidemic in which prices surged quickly and were supported in part by a stamp duty holiday.

• February 2022: The provision of affordable housing in South Shields has been boosted following a partnership between Places for People and Adderstone Living Limited. It is to deliver 69 affordable homes, as planning permission has been granted. The development will provide a range of two, three, and four-bedroom homes for local people through affordable rent. Construction will commence imminently, with the completion of the first homes expected in early 2023.
• January 2022: Instone Real Estate, one of the leading residential developers in Germany, is continuing its successful cooperation with LEG Immobilien with the sale of around 330 apartments. The transaction includes 96 privately financed rental apartments on the west side site in Bonn-Endenich. In addition, a further 236 rental apartments in the Literature Quarter in Essen – 52 of which are publicly funded and 184 privately financed – are part of the apartment package that LEG Solution acquired as part of a forward deal for the existing LEG companies.

• February 2022: British Land announced the acquisition of three warehouses at Hannah Close in Wembley for GBP 157 million (USD 205.8 million). The three warehouses comprise over 245,000 sq. ft on a 12.5-acre site. The area around Hannah Close is designated a Strategic Industrial Land location, promoting industrial employment and development. It offers excellent road and rail connectivity, essential for last-mile urban logistics operators.
• February 2022: Landsec announced signing 11 new deals totaling 200,000 sq. ft across its London office portfolio as businesses plan for the future and how to use their office to drive growth, productivity, and culture.

• October 2022- Real estate firm Ashiana Housing announced that it would invest INR 92 crore (USD 1.12 million) to develop the first phase of a new senior housing project in Bhiwadi, Rajasthan. The company has launched a new project, Ashiana Advik, for the elderly in Sector 39, Bhiwadi.
• August 2022- Ratan Tata, a pioneer in the IT sector, stated that he had made an undisclosed investment in Goodfellows, a firm that provides senior persons with companionship as a service. Since stepping down as CEO of the salt-to-software Tata Group, the 80-year-old industrialist has been an enthusiastic supporter of startups. To date, he has invested in more than 50 businesses.

• January 2022: Hassan Allam Holding announced that its subsidiary, Hassan Allam Technologies, in a joint venture with Advanced Computer Technology (ACT), was awarded a project for ICT System Integration for the New Alamein Towers in New Alamein City’s residential, administrative, and commercial towers. The project will see complete end-to-end system integration comprising more than 15 different systems. The scope of work will include engineering, supply, installation, testing, commissioning, and handing over light current and electronic security systems. The technology package will serve the four high-rise towers, spanning a total built-up area of 342,000 sq. m.
• September 2022: Egyptian construction company Rowad Modern Engineering was awarded a 417.5-million-Egyptian-pound (USD 22 million) construction contract to build a new factory by Egyptian International Pharmaceutical Industries (EIPICO) over an area of 10,500 square meters in 10th of Ramadan City. EIPICO is investing 2 billion pounds (USD 103 million) in EIPICO 3 plant, which will be the first and largest biologicals and biosimilar alternatives and medicines manufacturing plant in Egypt and the Middle East.

• December 2022: GAena, the Spanish public company in charge of general aviation airports in Spain, announced today a call for tenders for 86 duty-free shops, all of which are indivisible, at 27 airports in its network. The bidding documents include six lots in total, which is twice the number of lots available in the previous tender. According to a press release issued by Aena, the tender will double the number of lots to increase and favor competition among global operators. The total commercial space available will exceed 66.000 square meters, allowing for the development of economies of scale.
• June 2022: Allianz Real Estate, acting on behalf of several Allianz group companies, paid EUR 185 million (USD 196.95 million) for a portfolio of nine prime residential buildings in Madrid's Chamartn district. The transaction consolidates Allianz Real Estate's ownership of the larger block and expands its exposure to the highly attractive Spanish PRS sector, particularly in Madrid. It is located next to Castellana 200, a mixed-use office and retail asset already owned by Allianz Real Estate. The nine assets include 245 residential units as well as additional retail space.

• October 2022: A build-to-rent (BTR) cooperation between Layetana Living and Aviva Investors was established in Spain. According to the statement, the collaboration between Aviva and the Spanish developer Layetana will construct a more than EUR 500 million (USD 531.20 Million) residential portfolio, already securing its first development project. Based on the recommendation of international real estate consultancy Knight Frank, the partnership purchased a 71-unit residential building in Barcelona's Sants neighborhood. Construction is scheduled to begin at the end of 2023.
• September 2022: Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, expanded its services in the Valencian Community. It is now running with Maryana Kim directing a new office in Denia, in the northern section of the Costa Blanca. It is the fourth facility that Berkshire Hathaway HomeServices Spain opened in 2022.

• August 2022: Experience design company FORREC announced a long-term strategic partnership with SUN Group. With this, the company will create a new experience in the Vietnamese market for tourism developer Sun Group.
• June 2022: Ho Chi Minh City – The southern largest city aims to build 107.5 million sq ft of homes over the next decade. It is one of the highlights of Ho Chi Minh City's draft housing development program from 2021 to 2030. The city's population will increase to about 10.25 million from 2021 to 2025. In 2025, about 50 million sq mt of living space needs to be developed, equivalent to about 367,000 houses.

October 2022: Knight Frank, a global professional real estate services company, has opened its sixth new office in the Middle East in Qatar. With over 16,000 employees in over 300 offices in over 50 countries, Knight Frank is one of the world's largest real estate advisory and brokerage firms.

October 2022: JLL has signed a deal with Qatar-based real estate agent NelsonPark Property. The partnership aims to facilitate residential real estate transactions in Qatar while supporting investments in the UK, Europe, the Middle East, and Africa.