BUSINESS
Greater Noida Authority launches builder plots scheme for 8,000 flats. Here are 5 things to know
The Greater Noida Authority is expected to get a revenue of around Rs 500 crore from the allotment of the five plots
BUSINESS
ICICI Prudential AMC purchases Kalpataru Infinia building for Rs 315 crore in Mumbai
The conveyance deed of the property was executed on June 27, 2024 and ICICI Prudential AMC has paid a stamp duty of Rs 18.9 crore for the transaction.
BUSINESS
All you need to know about Greater Noida Authority’s commercial plots scheme
These plots will be used to build commercial complexes and malls in Greater Noida. The cumulative value of these 12 commercial plots at the reserve price is approximately Rs 1,014 crore. The last date of registration is July 16.
BUSINESS
At 11,400, Mumbai clocks highest property registrations in 12 years in June 2024: Knight Frank India
The report said that compared to the same period last year, property registrations have risen 11% YoY, and revenues from these registrations have increased by 15% YoY.
BUSINESS
Boney Kapoor’s firm to soon start work on International Film City near Noida Airport, signs agreement with YEIDA
Officials said that with the signing of the concession agreement, the Bayview Projects LLP has also been handed over the allotted land parcel to start construction work for the first phase of the project. The first phase of the project will be built on 230 acres of land while the total area earmarked for the project is 1000 acre. Estimated investment is above Rs 1500 crore.
BUSINESS
Jaipur Real Estate: Ashiana Housing launches third phase of its premium residential project Ashiana Ekansh
Ashiana Ekansh is spread across 8.6 acres in Mansarovar Extension area of Jaipur and it offers 560 premium residential units in stilt-plus-14 floors. Apartments are available in 2, 3, and 4 BHK configurations.
BUSINESS
India has potential for 5X data centre capacity expansion to fuel digital transformation: Report
India’s colocation data centre capacity stood at 977 MW across the top 7 cities. Out of this, around 258 MW was built in 2023 witnessing a 105 percent year-on-year (YoY) growth over the installed capacity in 2022.
BUSINESS
Housing sales fall 18% in Q2 2024, Hyderabad sees biggest dip, followed by Mumbai
Housing sales witnessed a marginal dip of only two percent when computed on year-on-year basis. New housing supply has also witnessed seven percent decline on a QoQ basis. Delhi NCR is the only region where the sales and new supply both witnessed growth.
BUSINESS
Bollywood actor Amitabh Bachchan buys 3 office units in Mumbai for Rs 60 crore
Apart from Amitabh Bachchan, Bollywood actors Kajol, Kartik Aryan, Sara Ali Khan also own commercial spaces in Veer Savarkar Signature Building in Andheri West in Mumbai.
BUSINESS
Mumbai-based Oberoi Realty enters NCR market, buys 14.8-acre land for Rs 597 crore in Gurugram
This deals marks Oberoi Realty’s foray into Delhi NCR. According to real estate sources, the company is planning to develop a luxury group housing project on this land. The development potential of the land is estimated to be around 2.6 million square feet.
BUSINESS
Unity Small Finance Bank purchases commercial space worth Rs 227 crore in Mumbai
Unity Small Finance Bank has bought multiple floors with a cumulative carpet area of 70,000 sqft in a commercial building named ‘Unity Towers’ in Santacruz East area of Mumbai. The seller of the property is Intercon Constructions (I) Private Limited.
BUSINESS
MHADA to provide 11 months' rent in one installment to tenants in Mumbai’s BDD Chawl
The British had constructed the 207 BDD chawls in around 1920, as low-cost housing for mill workers, dock workers, civic and other government employees. The BDD chawls are spread over 92 acres and comprise 207 ground-plus-3-storey buildings, having 16,557 flats measuring 160 sq ft.
BUSINESS
Ahmedabad-based developer buys land parcel in GIFT City for Rs 342 cr for residential project
The total investment in the project will be around Rs 750 crore and the top line is likely to remain above Rs 1000 crore. With this latest real estate deal the per square foot transaction value for a residential plot in Ahmedabad-Gandhi Nagar reached Rs 6,557.
BUSINESS
Rental price growth drops 50% in top cities as housing supply surges: Report
The ANAROCK data showed that the top seven cities – Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata and Pune – are set to deliver approximately 531,000 new units in 2024 while in 2023, these cities saw around 435,000 units hit their markets
BUSINESS
Greater Noida Authority approves construction of new exhibition centre, cargo terminal
The exhibition and convention centre will be built on 25 acres in Sector Chi while the Gati Shakti Cargo Terminal will come up at a 260-acre pa in Dadri.
BUSINESS
India’s Grade A warehousing stock to cross 300 msf by 2025: CREDAI-CRE Matrix Report
Report stated that Mumbai Metropolitan Region (MMR) and National Captal Region (NCR) jointly had a demand touching 53 percent in the warehousing segment. Various industries that contributed the most to the growth of warehousing sector include third party logistics (27 percent), manufacturing (20 percent), and e-commerce (12 percent).
BUSINESS
Tata Digital renews lease of headquarters at Mumbai's Fort House for Rs 3-cr monthly rent
he documents showed that the total area of the lease is 1.02 lakh square foot and Tata Digital has paid a security deposit of Rs 15.02 crore for the transaction. The deal was registered on May 16, 2024 and the company has paid a stamp duty of Rs 29 lakh for the transaction. The per-square-foot monthly rent for the deal at Fort House in Mumbai is Rs 292.
BUSINESS
Yamuna Expressway Authority to develop new city near Noida airport, to acquire over 6000 hectares of land
The Yamuna Expressway Authority will acquire the land from 40 villages including Tappal-Bajna (771 hectares), Karauli Bangar (250 hectares), Muradgarhi (336 hectares), Rabupura (994 hectares), Tirthali (479 hectares), Mayana (252 hectares), Kallupura (218 hectares) and Mudrah (290 hectares) among others.
BUSINESS
Realty experts upbeat on buoyant demand in housing as RBI keeps repo rate unchanged
Despite RBI keeping the repo rate unchanged, many real estate developers and experts demanded future rate cuts and lower lending rates should be envisaged to give a further boost to the real estate sector.
BUSINESS
Real estate sector expects policy reforms, push for affordable housing from the new government
Apart from policy changes directly affecting them, developers' wish list include lower home loan EMIs, and introduction of sustainability incentives for the sector.
BUSINESS
DLF’s NRI investment touches 23% of total sales in FY24, highest since FY21
According to the data, the NRI share has witnessed a growth of at least nine percentage points in FY24 in comparison to the last financial year
BUSINESS
Lenskart’s Peyush Bansal, members of Dhanuka family buy luxury apartments in DLF's The Camellias in Gurugram
The documents showed that these apartments ranging between 7,361 sqft and 9,419 sqft were booked and purchased between 2015 and 2022 at The Camellias but the conveyance deeds for these properties were executed April 2024. The purchases cumulatively amounted to Rs 106.4 crore.
BUSINESS
India’s fractional ownership market to exceed $5 bn by 2030; Mumbai, Delhi NCR hotspots for SM-REIT investment: Report
Mumbai and Delhi NCR have emerged as top hotspots for asset acquisition opportunities under the SM REIT umbrella as both these micro-markets cumulatively account for nearly 50 percent of the SM-REIT worthy assets across the top seven cities, the report said.
BUSINESS
Haryana's department of town and country planning may demolish illegal floors
In February 2023, the Haryana government had kept in abeyance all fresh ‘stilt plus four floors’ building plan approvals of residential plots, including applications that were pending and that had been submitted for approval. The government is yet to take a call on whether to allow stilt-plus-four-floor buildings across the state.
