Ugro Capital raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible debentures and warrants.
According to various market reports by property consultants and real estate data firms, India s housing market has revived sharply post COVID. Sales were at an all-time high last calendar year, while prices have risen by an average 10 per cent annually across eight major cities. However, prices in many micro markets have gone up sharply by 40-70 per cent in the last two calendar years.Housing demand is getting shifted towards reputed builders who have a decent track record of delivering the projects.
The Chief Executive India & South East Asia and APAC Tenant Representation, Cushman & Wakefield, said the housing demand would continue to be strong in view of high economic growth and a growing desire to own homes among consumers.
Hong Kong residents fill their shopping trolleys and tummies in Shenzhen while Singaporeans hop across to Johor Bahru as they make the most of cheaper prices, denting the stability of their retail sectors.