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Salesforce is set to establish its first tower in India at Bagmane Capital in Bengaluru, with a planned completion in 2026. This 12-story structure will house innovative features like an immersive lobby and a Salesforce Innovation Centre, aimed at fostering collaboration, sustainability, and employee wellness. The tower will also offer spaces dedicated to AI upskilling programs for both Salesforce employees and the local community. As part of its commitment to sustainability, the building will seek LEED Gold certification. This is part of Salesforce's larger investment in key global markets.   At CreditSutra, we are dedicated to keeping you informed about key developments in real estate and investment opportunities. Whether it's a new office tower or important market shifts, we provide updates that help you make informed decisions. #RealEstateInvestments #RealEstateFinancing #IndianRealEstate #SalesForce #RealEstateExpansion

#RealtyCheck brings you the latest insights and updates from India’s real estate sector. Read ahead to learn more on what we have in today's edition. 1. Burj Khalifa Developer to Build ₹1,000 Crore Luxury Project in Gurugram -Emaar India will invest ₹1,000 crore in its luxury housing project, 'Amaris,' in Gurugram’s Sector 62, focusing on premium properties. The 6.2-acre development will offer 522 apartments, totaling 15 lakh sq. ft. with ₹2,500 crore in expected revenue. Set for completion in five years, the project will feature high-quality, sustainable living spaces with top-tier amenities. 2. Godrej Properties Buys 53-Acre Land Parcel in Kolkata -Godrej Properties has acquired a 53-acre land parcel in Joka, Kolkata, with an estimated revenue potential of ₹500 crore. The project, focused on residential plotted development, will offer 1.3 million sq. ft. of saleable area. 3. Real Estate Prices in Delhi-NCR Rise 56% to ₹1.45 Crore in H1 FY25 - In H1 FY25, Delhi-NCR saw a 56% YoY surge in the average home ticket size, reaching ₹1.45 crore from ₹92 lakh. This was the highest price rise in India. Total home sales value increased by 55%, with 32,120 units worth ₹46,611 crore sold, driven by strong demand for luxury homes. However, the number of units sold dropped slightly by 1%. 4. Listed REITs Disburse Over ₹2,700 Crore in H1 FY25, Up 14% -India’s listed REITs distributed ₹2,754 crore in H1 FY25, up 14% YoY. The four REITs—Brookfield India, Embassy Office Parks, Mindspace Business Parks, and Nexus Select Trust—disbursed ₹1,383 crore in Q2 FY25 to 2.55 lakh unitholders, compared to ₹1,371 crore in Q1 to 2.45 lakh unitholders. SEBI mandates REITs to distribute at least 90% of taxable income, enabling investors to earn from real estate without direct ownership. 5. MNRE Sets Terms for Real Estate Developers to Avail CFA Under PM Surya Ghar -The Ministry of New and Renewable Energy (MNRE) has outlined conditions for real estate developers to access Central Financial Assistance (CFA) under the PM Surya Ghar Yojana. Developers must transfer rooftop solar assets to housing societies or associations and ensure residents benefit from reduced electricity charges for common areas. 6. NAR India and UCO Bank Join Forces for National MLS Initiative -NAR India has partnered with UCO (Universal Consulting Opportunities) to launch a National Multiple Listing Service (MLS) initiative aimed at transforming India's real estate market. The collaboration will establish a centralized property listing system, enhancing transparency, streamlining processes, and expanding global reach, particularly for NRIs. With MLS, the real estate sector aims to boost market efficiency and create a trustworthy ecosystem. The initiative also supports related industries like legal and mortgage services, positioning India as a leader in global real estate innovation. #RealEstateInvestment #RealEstateFinancing #IndianRealEstate

India's senior living housing market is projected to soar over 300% by 2030, reaching $7.7 billion (₹64,500 crore), according to a joint report by JLL and the Association of Senior Living India (ASLI).     With the senior population expected to double from 156.7 million in 2024 to 346 million by 2050, the demand for senior living facilities is set to grow significantly, from 1.57 million households in 2024 to 2.27 million by 2030.     Currently valued at ₹15,500 crore ($1.8 billion), the sector is poised for a 27% CAGR, marking a transformation in India’s approach to senior care. Over 20,000 specialized units have already been established, signaling robust growth.     The JLL-ASLI report, launched ahead of the 5th ASLI Ageing Fest in December, highlights this boom as a cornerstone of India’s "Silver Economy."     At CreditSutra, we recognize the growing importance of senior living solutions and the financial needs associated with them. Whether you’re a developer looking to bring these projects to life or an individual planning a secure retirement, we’re here to connect you with the right financial resources. #RealEstateInvestments #RealEstateFinancing #IndianRealEstate #SeniorLivingHousing

The Banking, Financial Services, and Insurance (BFSI) sector has surged as the second-largest office occupier in India, following IT/ITeS. JLL India reports that BFSI’s share of office leasing has grown steadily, from about 11% in 2017-2019 to 17-18% in recent years. In 2024 alone, BFSI accounted for 16.4% of total office leasing across India's top cities, with Mumbai, Bengaluru, and Hyderabad leading the demand.   Global BFSI firms are driving this trend, comprising over 65% of the sector’s activity, with Mumbai favored by domestic organizations and Bengaluru standing out as the top choice for international firms due to its tech-rich ecosystem.   At CreditSutra, we bring you the latest insights into India's evolving real estate trends. From analyzing the BFSI sector's rising demand for office spaces to understanding what drives leasing patterns across major cities, we’re dedicated to keeping you informed and empowered in this dynamic market. #CreditSutra #RealEstateInvestments #RealEstateFinancing #IndianRealEstate #BFSI

In this edition of #RealtyCheck, we spotlight the key developments making headlines in Indian real estate. Whether it’s Trump Towers redefining luxury, NBCC’s stellar market performance, or new funding initiatives, we’ve got you covered. Read ahead to learn more.   1. India to Become Trump Towers' Largest Hub Post Donald Trump's Win -India boasts the highest number of Trump-branded projects outside the US, with four developments spanning 3 million sq. ft. Tribeca Developers, Trump’s India partner, is gearing up for expansion with six new projects across 8 million sq. ft., carrying a sales potential of ₹15,000 crore. The brand is expanding into Noida, Bengaluru, and Hyderabad, while launching additional projects in Pune, Mumbai, and Gurugram.  2. NBCC Stock Shines with 3.4% Surge, Outperforming Sector Peers  -On November 6, 2024, NBCC (India) Ltd's stock surged by 3.4%, outperforming the Construction-Real Estate sector by 0.46%. This marks a strong rebound after two consecutive days of decline, highlighting its robust performance in a competitive market. The stock has also displayed a positive short-term trend, outpacing the broader market. 3. Brookfield India Real Estate Trust Leases 1 Million Sq. Ft.  -Brookfield India Real Estate Trust experienced robust demand for office spaces, leasing over 1 million sq. ft. in the September quarter, driven primarily by SEZs. This performance resulted in a 55% increase in lease rentals and a 40% year-on-year growth in adjusted net operating income. 5. IITL Launches ₹500-Crore AIF Real Estate Fund and Housing Finance Subsidiary  -Industrial Investment Trust Limited (IITL) has announced a ₹500-crore Category I AIF focused on India’s real estate sector, targeting both residential and commercial growth. The fund will capitalize on strong housing demand, office leasing, flexible workspaces, and rising domestic tourism. IITL is also launching a housing finance company to provide accessible financing for homebuyers and property upgraders. As of September 30, 2024, its investment portfolio stands at ₹405 crore, with a focus on real estate. The AIF will focus on Tier-1 and Tier-2 cities, partnering with top Grade A developers.   6. Shifting Preferences Fuel Growth in India’s Luxury Real Estate Market -India's luxury real estate market has experienced a 38% surge in sales during the first nine months of 2024, driven by homebuyers seeking larger, well-equipped homes. Cities like Delhi-NCR, Mumbai, and Hyderabad lead the trend, with an increasing number of affluent buyers and NRI investors driving the demand. This shift towards high-end properties is reshaping markets traditionally focused on mid-range developments, as buyers opt for premium units offering modern amenities. #CreditSutra #RealEstateInvestments #RealEstateFinancing #IndianRealEstate

With four iconic Trump Towers already gracing the skylines of #Mumbai, #Pune, #Gurgaon, and #Kolkata, the Trump brand is set for unprecedented growth in India. Over the next six years, the number of Trump-branded properties will soar to ten, making India the global leader in Trump real estate outside the U.S.   According to a report by The Times Of India, six new projects will launch in #Noida, #Hyderabad, #Bengaluru, #Mumbai, #Gurgaon, and #Pune. These properties will go beyond residences, offering offices, luxury villas, and even golf courses for an elevated lifestyle experience.   The existing Trump Towers span 30 lakh square feet, hosting around 800 residences and a total sales value of ₹7,500 crore. With the upcoming developments, the Trump footprint in India will expand to 80 lakh square feet, projected at a sale value of ₹15,000 crore. At CreditSutra, we keep a close watch on such developments that redefine the landscape of luxury real estate in India. With our expertise in guiding you through premier real estate investments, we’re here to help you take your next big step in the world of high-end properties. #CreditSutra #RealEstateInvestments #RealEstateFinancing #IndianRealEstate #TrumpTowers

As we celebrate the innocence and joy of childhood, we also reflect on our own journey as an organization. Just like children, we are in the early, ever-evolving stages of growth, where curiosity drives us forward. Much like #SteveJobs said, "Stay hungry, stay foolish," we are fueled by the hunger to learn and grow. Our curiosity keeps us questioning, exploring, and striving to be better — because true progress is a continual process. It’s this hunger to learn, this constant questioning, that helps us grow into better versions of ourselves. So, let’s embrace that inner child, stay curious, and always seek to discover more — because growth is a lifelong journey. Here’s to nurturing the childlike wonder that keeps us learning, and never losing our thirst for growth. #CreditSutra #HappyChildrensDay #IndianRealEstate #RealEstateInvestments #RealEstateFinancing  

Supreme Court Protects Private Property Rights: A Landmark Decision   In a significant move, the #SupremeCourt has ruled that states cannot acquire every private property, marking a protective stance on individual ownership rights. This decision safeguards citizens' property from arbitrary acquisitions and ensures states cannot bypass legal processes.   This ruling is a positive step, reinforcing the importance of informed decision-making when it comes to securing your assets and investments. CreditSutra stands by you to stay updated on these shifts in real estate. #RealEstateInvestments #RealEstateFinance #IndianRealEstate #PrivateProperty  

In this edition of #RealtyCheck, we dive into the latest updates shaping India’s real estate landscape. From the challenges posed by inheritance disputes to the growth of luxury housing in Gurugram, and the expanding commercial demand led by the BFSI sector, there’s much happening in the market. Read ahead to learn more.   1. India’s Real Estate Sector Strained by 4.4 Million Inheritance Disputes, Locking $200 Billion in Assets  - In a country where real estate drives economic growth, millions of properties remain unused due to inheritance disputes. Estimates reveal that approximately 4.4 million properties across India are locked in such conflicts, freezing assets worth over $200 billion—nearly 7-10% of the nation’s GDP. This underscores a major missed opportunity for economic progress. 2. Hyatt Expands Footprint, Targets 100 Properties in India  -Hyatt Hotels aims to expand from 41 to 100 properties in India over the next 5-6 years, targeting both metro cities and Tier-II markets. With brands like Hyatt Place and Hyatt Regency, this growth leverages India’s rising tourism, business travel, and middle-class demand, backed by improved infrastructure and connectivity. 3. BFSI Sector Fuels India's Commercial Real Estate Boom   - The BFSI sector's share in office leasing has risen from an average of around 11% during 2017-2019 to 17-18% in recent years, according to JLL data. As of Q3 2024, BFSI accounted for 16.4% of the 53.4 million sq ft of gross leasing across India's top seven cities—Mumbai, Delhi NCR, Kolkata, Bengaluru, Chennai, Hyderabad, and Pune. 4. Balancing Supply and Demand: India’s Real Estate Stability   -Leading Indian residential real estate players must align supply with demand for stability, per CareEdge. Launch pipelines have surged from 340 million sq ft in FY 2021 to over 540 million sq ft by FY 2024. Unlike China’s real estate struggles, India’s market remains strong, supported by urbanization, infrastructure growth, and increased capital expenditure—rising from 1.7% to 3.4% of GDP since FY 2014. 5. Gurugram Emerges as India’s Luxury Real Estate Hub   - According to JLL, Delhi-NCR led luxury residential launches among India’s top seven cities in the first half of 2024, capturing a significant 64% share. Gurugram emerged as the top performer, with 88% of luxury launches focused in the Dwarka Expressway and Southern Peripheral Road areas. 6. House of Abhinandan Lodha Invests Rs 3,000 Crore to Acquire 352 Acres Across Six Cities - The House of Abhinandan Lodha has invested Rs 3,000 crore to acquire 352 acres across six key Indian cities, including Amritsar and Varanasi, targeting the growing demand for residential plots. The company plans to launch 5,500 plots by June 2025, with funding supported by HDFC Capital.   #CreditSutra #RealEstateFinancing #RealEstateInvestments #IndianRealEstate 

#Bengaluru Property Alert: New BBMP Order on Khata Registration   In a recent move, Bengaluru’s Bruhat Bengaluru Mahanagara Palike (BBMP) has issued an order restricting Khata registrations for single plots without prior approval from the Bangalore Development Authority (BDA).    Effective immediately, property owners must secure #BDA’s approval for single-plot developments to qualify for Khata—a crucial document for property ownership validation and tax purposes.   This decision aims to regulate and ensure compliance in plot development, enhancing city planning and reducing unauthorized constructions. However, property owners without BDA approval for single plots may face delays in obtaining Khata, affecting potential sales, transfers, and loan approvals.   At CreditSutra, we understand how vital it is to keep property owners informed about regulatory changes that impact your investments. This new BBMP order highlights the importance of compliance in Bengaluru’s evolving real estate landscape. Whether you're a buyer or current owner, ensuring that your property meets all legal requirements can save you from unexpected delays and challenges. With CreditSutra, stay one step ahead, making well-informed decisions for a secure property journey.    #CreditSutra #RealEstateInvestments #RealEstateFinancing #IndianRealEstate #BBMP #BengaluruRealEstate #BDA #Khata