BUSINESS
UltraTech confident of increasing market share with large scale capacity expansion plan
While the company's previous organic capacity addition, and acquisitions, were centred around the southern and eastern markets, it has now definitively pivoted to the northern and western markets in its expansion drive
BUSINESS
Hospitality chain Chalet Hotels to use global tie ups even as it adds properties under premium brand Athiva
Around 900 rooms are expected to be added under the Athiva brand - across six properties - with the first one under the brand opening on October 16, at Khandala, near Mumbai.
BUSINESS
Amitabh Bachchan buys three plots at HoABL's Alibaug project for Rs 6.6 cr
The three agreements were registered on October 7, according to the documents. Bachchan also paid Rs 39.58 lakh as stamp duty for the transactions
BUSINESS
CRISIL moves Mumbai headquarters to Saki Vihar Road, to pay nearly Rs 600 cr rent over 15 yrs
CRISIL's lease on the new property, spanning the tenth to the 15th floor, started on August 31, with the firm paying a monthly rent of Rs 2.35 crore, translating to a starting per square foot per month rate of Rs 94
BUSINESS
One Euro homes in Italy? Not quite, say experts, with second home purchases in Europe for Indians easier elsewhere
Most of the 'one euro' properties are dilapidated and located in far-off areas. Besides, Indians need to form a limited liability company to buy property in Italy, with complex bureaucratic requirements. Easier options for second homes are available in countries like France, UK, Portugal, and in eastern Europe
BUSINESS
Dharma Productions leases 5,500 sq ft office space in Andheri with starting rent of Rs 15 lakh
Dharma is expected to pay around Rs 7.75 crore in rent over the lease tenure. Besides the rent, the deal also includes a security deposit of Rs 1 crore, as well as stamp duty of Rs 2.04 lakh
BUSINESS
Flat quarter for residential properties, office leases trend lower, shows Knight Frank report
For residential properties, much of the "stress" and inventory build-up has been in the luxury and ultra-luxury categories, especially in the Rs 20-50 crore and Rs 50-100 crore segments, with low supply in the affordable categories also keeping volumes in check.
BUSINESS
Festive season expected to drive real estate surge, inquiries up by 10–15%, but developers keep incentives
Market observers said that developers and brokers are continuing to attract customers using incentive schemes, including discounts, white goods (electronic items), and payment plans.
BUSINESS
How two upcoming airports—Navi Mumbai and Jewar in Noida—are sparking a gold rush for land speculators
According to data from real estate consultant InvestoXpert, in the Yamuna Expressway region, plot values skyrocketed 536%, from Rs 1,650 to Rs 10,500 per sq ft, between 2020 and 2025. Similarly, developers and brokers report 200–300% appreciation in select pockets near the Navi Mumbai airport over the past five years.
BUSINESS
Seaside leisure home developers scout coastal Maharashtra, Gujarat for destinations beyond Goa
Real estate observers say that with Goa facing a scarcity of land for construction and large projects driving up prices, other destinations need to be unlocked.
BUSINESS
Nuvama-Cushman fund buys out Keppel's Chennai office campus for Rs 2,550 crore
This is the second acquisition by the fund after it bought an office space in Delhi from Kotak Alts earlier this year for Rs 750 crore
BUSINESS
Former Lodha Developers director Rajendra Lodha's police custody extended to September 29
Lodha Developers accused in a FIR that Rajendra Lodha, along with his son and other associates, had defrauded the company of around Rs 85 crore through bogus land transactions, sale of company land at undervalued rates, and large-scale cash transactions
BUSINESS
Blackstone-backed Lumina buys 3.8 acre Mumbai land for Rs 475 cr to expand data centre play
The deals underscore moves by major data centre players, including hyperscalers and data co-location operators, to ramp up data centre capacity especially in the Mumbai metropolitan region, the largest data centre market in India
STARTUP
Quick commerce firms struggle to secure prime dark store locations in metros, face worker crunch
With most prime catchments in metros already taken, quick commerce firms are contending with soaring vacancy rates and high churn at dark stores, even as new vertical players crowd into the market.
BUSINESS
Abhinandan Lodha plans to 'cut flab', integrate technology in affordable housing push
Abhinandan Lodha-led Growth Housing has launched its first project at Naigaon, with prices starting at around Rs 33 lakh for a one-bedroom apartment. The company said that it has identified around seven new locations for affordable housing projects
BUSINESS
SEBI rents Prabhadevi apartment for chairman Tuhin Kanta Pandey
Lease accommodation for Chairman in accordance with board-approved policy:SEBI
BUSINESS
Gourmet over grocery: India's largest mall operator is asking hypermarkets to scale down as quick commerce bites
The space vacated by large hypermarkets is being taken over by premium gourmet grocery outlets. Nexus also plans to ask multiplexes to reduce their presence in malls, Pratik Dantara, head of strategy and chief investor relations officer, says
BUSINESS
Mumbai: Reserve Bank of India inks major Nariman Point land deal for Rs 3,472 crore
This purchase, according to property experts, is one of the largest in the history of Mumbai, at a price of more than Rs 800 crore per acre
BUSINESS
Mumbai’s housing society redevelopment on 'sticky wicket' over ‘huge’ incentives, warns Knight Frank’s Gulam Zia
The redevelopment segment is on an upturn due to large number of deals being negotiated, but the overall situation remains uncertain, Knight Frank India said, adding that the trend of excessive incentives can render projects unviable.
BUSINESS
Explained: Why developers and housing societies impose excessive transfer charges
While developers are not allowed to impose such charges once a project receives its occupation certificate and once the housing society is formed, investors and sellers said that such charges are commonplace, including from the housing society management committee
BUSINESS
Five years since listing, Mindspace REIT looks to cash in on leasing growth, new developments
Since listing, the REIT's unit prices have risen steadily, increasing by around 39 percent over five years, although vastly trailing the benchmark Nifty 50 index over the same time, which more than doubled
BUSINESS
'Big bang' reforms needed to push demand, private capex; GST cuts not enough: Jamshyd Godrej
The Godrej Enterprises group chairman and MD said that several avenues exist to reform ease of doing business and deregulation
BUSINESS
GST rate overhaul may put India Inc’s systems, supply chains to the test
Current changes are more nuanced the same would require a fair bit of updating of invoicing, accounting, and ERP systems, say experts.
BUSINESS
GST 2.0: Cement makers will have to balance price cuts with healthy margins
The GST council has slashed the rate on cement from 28% to 18%. After a dull FY25, cement manufacturers were hoping to raise prices this fiscal, counting in on higher demand from real estate and infrastructure segments
