Latest news with #IndianRealEstate
Bloomberg
a day ago
- Business
- Bloomberg
Indian REITs May Stretch Gains on Rate Cuts, Strong Leasing
Units of Indian real estate investment trusts are poised to extend gains on the back of falling interest rates and a buoyant commercial property market, analysts tracking the sector said. Nexus Select Trust, Mindspace Business Parks REIT, Embassy Office Parks REIT and Brookfield India Real Estate Trust have returned as much as 27% over the last year, compared with a 9% drop in a NSE Nifty gauge of property developers.
Reuters
18-06-2025
- Business
- Reuters
Indian developer DLF clocks $1.3 billion from luxury project sellout
June 18 (Reuters) - Indian real estate developer DLF ( opens new tab logged sales of $1.3 billion by selling out one of its luxury housing projects near the country's capital, it said on Wednesday, underscoring continuing demand for premium and luxury apartments by deep-pocketed buyers. DLF Privana North in Gurugram - whose offerings include four bedroom apartments and penthouses - fetched India's largest developer 110 billion rupees ($1.3 billion) within just a week, it said, opens new tab. That is in touching distance to the record $1.4 billion that DLF said it amassed from selling units of another luxury project "The Dahlias". DLF, like many other Indian real estate developers, have benefitted from rich Indians increasingly splurging on premium items that range from cars and watches to apartments and even bathrooms. ($1 = 86.2975 Indian rupees)
