Tag: CBRE

IndustryLatest Stories

Full Land Digitization to Boost FDI in Realty

Representational image The central government aims to achieve 100% digitisation of land rights records by December nationwide, which experts believe will stimulate foreign direct investment (FDI) in real estate—a sector often hindered by land acquisition challenges. Commercial real estate, including offices, logistics, and data centres, is expected to experience more efficient land acquisition processes, while the residential sector is likely to thrive as clearer titles boost mid-range and luxury developments in locations like Gurgaon and Chennai. “These reforms are crucial for unlocking significant foreign investment and promoting sustained growth in Indian real estate. By digitising records, we can expedite land…

Latest StoriesResidential

Anand Automotive Purchases Delhi Bungalow for ₹195 Crore

Representative image created by AI Auto component manufacturer Anand Automotive has acquired a 1,550 square yard bungalow in the prestigious Kautilya Marg area of New Delhi for ₹195 crore, marking one of the highest-value property transactions this year. The total transaction, including ₹13.65 crore for stamp duty, amounts to nearly ₹210 crore. The Anand Group did not respond to an email inquiry, and CBRE, the transaction advisor, was unavailable for comment. Experts indicate that Kautilya Marg is favored by high-net-worth individuals due to fewer construction restrictions compared to Lutyens Delhi. In recent transactions, Anurag Jain, managing director of Endurance Technologies,…

IndustryLatest Stories

Elan Group Secures ₹250 Crore from Piramal Finance

Gurgaon-based developer Elan Group has secured ₹250 crore from Piramal Finance for a commercial project in the city, as reported by sources familiar with the matter. This financing follows a ₹1,200 crore funding from Kotak Real Estate Fund last year, and the company aims to expedite its projects in the area. In 2022, Elan Group raised $110 million (approximately ₹900 crore) from global alternative investment firm PAG. “The funding is designated for a commercial project covering one million sq ft in Gurgaon,” stated one of the sources. Elan Group opted not to comment, and transaction advisor CBRE was unavailable for…