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Vandana Ramnani

Associate Editor, Real Estate

Moneycontrol News

SC clarifies that NOIDA is not a financial but an operational creditor

BUSINESS

SC clarifies that NOIDA is not a financial but an operational creditor

While some legal experts say that the apex court’s decision is a shot in the arm for homebuyers, who will now have a greater say in the insolvency resolution of a distressed real estate company, others point out that it is only half the battle won

Maharashtra government announces relief measures under Navi Mumbai Housing Revival Program

BUSINESS

Maharashtra government announces relief measures under Navi Mumbai Housing Revival Program

This is expected to offer relief to thousands of homebuyers and over 400 affected projects in the region

Sukumar Srinivas buys two properties in Bengaluru’s ‘Billionaire Street’ for Rs 44.60 crore

BUSINESS

Sukumar Srinivas buys two properties in Bengaluru’s ‘Billionaire Street’ for Rs 44.60 crore

Koramangala’s 3rd Block, considered among the richest enclaves in India’s IT capital, is home to some of the country’s most successful entrepreneurs including Devi Prasad Shetty of Narayana Health and Flipkart founders Sachin Bansal and Binny Bansal.

Office rents will increase as employees return to work, says Vikaash Khdloya, Deputy Chief Executive Officer and COO, Embassy REIT

BUSINESS

Office rents will increase as employees return to work, says Vikaash Khdloya, Deputy Chief Executive Officer and COO, Embassy REIT

Going forward, Embassy REIT has a strong pipeline of about 500,000 sq ft for FY 2023 which is almost double of last year, Khdloya says

 Runwal Group acquires land parcel for Rs 471 crore in Thane

BUSINESS

 Runwal Group acquires land parcel for Rs 471 crore in Thane

Thane continues to witness immense activity on the infrastructure front (flyovers, Metros, and Mumbai Nagpur expressway) and robust industrial and logistics parks development

Bringing art into the work space: A look at BNY Mellon's new office in Chennai

BUSINESS

Bringing art into the work space: A look at BNY Mellon's new office in Chennai

Apart from engaging the local artist community to design tasteful murals and illustrations, the office will also host the company’s extensive global art collection of 5,000 works of art in India

Flexible office space provider Smartworks’ portfolio to touch 10 million sq. ft this year; to focus on expansion in Tier-2 cities

BUSINESS

Flexible office space provider Smartworks’ portfolio to touch 10 million sq. ft this year; to focus on expansion in Tier-2 cities

The company is set to triple its revenue to Rs 1,000 crore in 2022-23 from the current Rs 350 crore in FY22, returning back to pre-COVID-level growth of 300 percent.

JM Financial buys two apartments in Mumbai for Rs 60 crore

BUSINESS

JM Financial buys two apartments in Mumbai for Rs 60 crore

Sources said that both the transactions are part of Nitco promoters' debt settlement process

Corporate bosses, industrialists snap up uber luxury properties; supply-demand mismatch pushes up prices

BUSINESS

Corporate bosses, industrialists snap up uber luxury properties; supply-demand mismatch pushes up prices

Supply is expected to remain tight in 2022 as few luxury residential properties have been launched in the last few years,

Builders cannot force homebuyers to accept unilateral extensions of the date of possession: Tribunal

BUSINESS

Builders cannot force homebuyers to accept unilateral extensions of the date of possession: Tribunal

A real estate developer shall continue to be bound by the contractual possession date as agreed with the homebuyer at the time of sale, says Maharashtra Real Estate Appellate Tribunal

Rajan Bharti Mittal sells Vasant Vihar property for Rs 45 crore

BUSINESS

Rajan Bharti Mittal sells Vasant Vihar property for Rs 45 crore

Last year, Mittal had bought a 1,200-square yard property at Delhi's Shanti Niketan for around Rs 85 crore.

Wadia claims Century does not possess all of 30-acre plot in Worli that it is developing

BUSINESS

Wadia claims Century does not possess all of 30-acre plot in Worli that it is developing

Issues public notice against Century's real estate project; Birla Estate responds by saying that the approximately 10 acres of land claimed by Wadia are not part of the said 30-plus acres of land the project is coming up on and has no connection with the proposed development of 30-plus acres.

Family members of Bajaj Electricals chairman buy two apartments in Mumbai for Rs 94 crore

BUSINESS

Family members of Bajaj Electricals chairman buy two apartments in Mumbai for Rs 94 crore

The plush residential building is spread over a land parcel covering over half an acre.

BI Group partners Oberoi Hotels to launch 19 serviced apartments in central Delhi

BUSINESS

BI Group partners Oberoi Hotels to launch 19 serviced apartments in central Delhi

The company has invested close to about Rs 150 crore in the land and the construction will cost around Rs 100 crore

Centre sets up expert panel to train 5000 urban planners in the next five years 

BUSINESS

Centre sets up expert panel to train 5000 urban planners in the next five years 

British architect Edwin Lutyens may have been riding an elephant as he surveyed what is today’s Central Delhi, but modern-day urban planners need to be well versed in satellite imagery, use drone technology for more precise city planning and be aware of climate change issues.

RBI Policy | Repo rate hike along with cost-push inflation in construction likely to slow down housing market’s growth: Experts

BUSINESS

RBI Policy | Repo rate hike along with cost-push inflation in construction likely to slow down housing market’s growth: Experts

For home buyers, this hike signals an imminent end to the all-time low interest regime, which has been one of the major drivers behind home sales across the country since the pandemic began

Prithvi Shaw buys apartment in Mumbai for Rs 10.5 crore

BUSINESS

Prithvi Shaw buys apartment in Mumbai for Rs 10.5 crore

The cricketer has bought a flat in Bandra West. The 2,209 sq ft unit with a terrace of 1,654 sq ft was registered on April 28, the documents showed

Owner of Brigade Group buys property in Bengaluru for Rs 9.82 crore

BUSINESS

Owner of Brigade Group buys property in Bengaluru for Rs 9.82 crore

The property is located on Palace Road, Vasanthanagar, Bengaluru and spread across an area of 4,328 sq ft

Delhi RERA makes registration of real estate projects constructed on more than 500 sq mt land compulsory

BUSINESS

Delhi RERA makes registration of real estate projects constructed on more than 500 sq mt land compulsory

The move will result in much-needed relief to homebuyers in Delhi-NCT, usher in transparency in the sector, say experts.

Nilekani family trust buys property in Bengaluru’s ‘Billionaire Street’ for Rs 58 crore

BUSINESS

Nilekani family trust buys property in Bengaluru’s ‘Billionaire Street’ for Rs 58 crore

The property is located in Koramangala 3rd Block, where some of the country’s most successful entrepreneurs have homes, according to local brokers.

Industrial and warehouse leasing stays robust as third-party logistics players lead demand: Colliers

BUSINESS

Industrial and warehouse leasing stays robust as third-party logistics players lead demand: Colliers

Deals above 100,000 sq ft accounted for 80 percent of total leasing led by larger transactions from third-party logistics players and e-commerce companies.

Amrapali case: Consortium of banks will release Rs 280 crore to ASPIRE, Supreme Court told

BUSINESS

Amrapali case: Consortium of banks will release Rs 280 crore to ASPIRE, Supreme Court told

Cricketer MS Dhoni, who was the brand ambassador of the erstwhile Amrapali group, moves the top court seeking direction in the ongoing arbitral proceedings.

Karnataka slashes property guidance value by 10% for another three months

BUSINESS

Karnataka slashes property guidance value by 10% for another three months

The move is a welcome one especially since residential demand has remained high post the pandemic and property prices are already heading north amid the rising inflationary trends of construction materials.

National Realty buys five floors for Rs 188 crore in Mumbai from Lodha Group

BUSINESS

National Realty buys five floors for Rs 188 crore in Mumbai from Lodha Group

The sale deed was registered on March 15. The floors come with 173 car parkings and the company paid a stamp duty of Rs 11.26 crore, it said.

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