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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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