BUSINESS
Puravankara extends Mumbai footprint, to redevelop Breach Candy society
Miami Apartments, which stands on a 2,000 square metre, is Puravankara's first project in the lucrative south Mumbai micro market
BUSINESS
Birla Estates arm buys 24.5 acre land near Mumbai from Hindalco for Rs 537 crore
Birla Estates' arm Ekamaya Property has purchased a large land parcel from Hindalco Industries, a fellow Aditya Birla group company.
BUSINESS
Domestic companies make up nearly half of office space leasing since 2022, shows report
CBRE predicts that the domestic firms will take 60-65 million square feet on rent in the next one year
BUSINESS
As Mumbai suburban rents soar, experts call for key housing policy changes
Driven by post-pandemic demand, redevelopment projects and the increasing influence of brokers, Mumbai’s suburban rents have surged by over 30% in the past two years, leaving tenants grappling with rising costs and uncertain housing arrangements. Maharashtra is yet to adopt the Model Tenancy Act, passed by the central government in 2021.
BUSINESS
Microsoft India buys land worth Rs 520 crore in Pune's Hinjawadi
This is Microsoft India's second major land purchase in Pune, having earlier purchased a 25-acre plot for Rs 328 crore in Pune's satellite city of Pimpri-Chinchwad
BUSINESS
Raigad plotted development micro-market expected to see sales of around 900 plots in 2024, says report
The report said that 462 plots were sold till the end of July 2024 across various plotted developments in the Raigad district, which includes hotspots such as Karjat, Khopoli, the seaside resort of Alibaug, as well as various towns and villages around it.
BUSINESS
Private equity investments in real estate back in play amid more focus on data centres, logistics
Investors and market observers say office spaces are an attractive proposition for investors. Significant capital is expected to be directed to alternative assets such as data centres, warehouses and industrial parks, and purpose-built accommodation, including hotels, for students and senior citizens, and hospitals.
BUSINESS
Cement firms look to turn to bulk buyers amid growing challenges from pricing, margins
Cement prices are expected to be lower in the next fiscal by up to 3 per cent. The correction is likely to happen, as large players continue to consolidate and expand production in a bid to secure a larger market share.
BUSINESS
Dharavi redevelopment project about 'dignity' for a million people, says Gautam Adani
The Adani group is executing the Dharavi redevelopment project through a special purpose vehicle in which it has a 80 percent stake
BUSINESS
CapitaLand Investment to double India funds under management by 2028, to enter real estate private credit business
CapitaLand Investment's current funds under management in India, is at nearly Rs 46,000 crore. It plans to more than double this by 2028, and is looking to expand into data centres, renewables, private credit, and expand its office parks business.
BUSINESS
MC Exclusive | Arbour Investments picks up a stake in prop-tech firm Justo Realfintech for $7 mn
Arbour Investments founder Chirag Mehta told Moneycontrol that the acquisition of the stake unlocks multiple synergies with the company's ongoing and upcoming investments
BUSINESS
Ajay Devgn leases out Mumbai office space for Rs 7 lakh per month
The property has been leased by Kabir Khan Entertainment LLP, according to the documents. The lease is for a period of five years, secured with a deposit of Rs 30 lakh.
BUSINESS
Raymond chairman Singhania says receiving 'massive' enquiries after Bangladesh crisis
Singhnia said that Raymond has "no other competitor" elsewhere to offer across-the-board price points, or end-to-end fabric-to-garment-to-export capabilities.
BUSINESS
Prestige Group subsidiary buys 4.57-acre land parcel in Pune for Rs 200 crore
The seller has been identified as BU Bhandari M&M Realtors LLP. The buyers paid a stamp duty of around Rs 14 crore for the transaction
REAL-ESTATE
Actor Kartik Aaryan rents out Juhu property for Rs 4.5 lakh per month
Kartik Aaryan bought the apartment measuring 1,912 sq ft at the Siddhi Vinayak Presidency society in Juhu with his mother Mala Tiwari in June 2024 for Rs 17.5 crore.
BUSINESS
Mumbai TDR policy may derail current real estate cycle: Mahindra Lifespace MD
As part of the Dharavi redevelopment project, the Maharashtra government has mandated that developers in Mumbai must source at least 40 percent of their transferable development rights (TDR) requirements from the Dharavi project at 90 percent of ready reckoner rates
BUSINESS
Real estate transparency improving, more needs to be done on land records, data: JLL
Work needs to be done to clean up land records, performance indicators and data sources as well as an expansion in the size and scope of listed vehicles, especially REITs, A JLL report has said
REAL-ESTATE
MHADA slashes prices of some units under ongoing lottery, extends registration deadline
The costliest apartment in the lottery, located in Tardeo, earlier priced at more than Rs 7.5 crore, will now be priced at Rs 6.8 crore, while an unit in Vikhroli, earlier priced at around Rs 38 lakh, will now be available at around Rs 29 lakh.
BUSINESS
Kangana Ranaut buys office space in Andheri for Rs 1.56 crore
The purchase was registered on August 23, with a stamp duty of Rs 9,37,500 being paid.
BUSINESS
Tribeca Developers planning up to 5 Trump Tower projects in India
Tribeca is developing Trump Tower residential properties in Gurugram and Kolkata. The Trump brand was earlier licensed to Panchshil Realty and Lodha, which developed Trump Towers in Pune and Mumbai
BUSINESS
Smartworks leases 6 lakh sq ft office space in Pune for Rs 4.48 cr per month
The starting rent of Rs 73 per sq ft per month has a 4.77 percent escalation built in every annum.
BUSINESS
Mumbai: Actor Manoj Bajpayee sells Mahalaxmi property for Rs 9 crore
The actor had purchased the apartment, located in the Minerva residential tower, in 2013 with his wife Shabana for Rs 6.40 crore.
BUSINESS
JSW Cement aims to double cement grinding capacity to nearly 41 MTPA
The board-approved expansions include six greenfield units in Rajasthan, Punjab, Madhya Pradesh, Uttar Pradesh, Odisha, as well as another greenfield unit in Dolvi, Maharashtra, and a brownfield expansion in Vijayanagar, Karnataka.
BUSINESS
Raymond Realty aims to maintain 20% growth rate in bookings, profit each year, says CEO Sahni
Redevelopment projects would remain key drivers for Raymond Realty, constituting 30% of its new Mumbai projects, said its CEO Harmohan Sahni.
