BUSINESS
Morgan Stanley, Prakhhyat Group to develop warehouse in Mumbai
The partners will invest Rs 300 crore in the 700,000 sq. ft warehouse, according to sources
BUSINESS
Stakeholders will have to take haircuts to make projects financially viable: Expert panel
Recommends financial institutions be encouraged to fund stalled projects via subsidised interest rates.
BUSINESS
De-link registration of housing projects from recovery of dues from real estate developers: Expert panel
The Report of the Expert Committee on Rehabilitation of Legacy Stalled Real Estate Projects said the resolution of these stressed units will help the middle and lower middle class get houses for which they have paid a substantial amount, and also give a big boost to economic activity and growth.
BUSINESS
Mumbai apartment sold for Rs 96 crore
Sumir Chadha, Co-founder and MD of West Bridge Capital is the buyer of the 6,779 sq ft apartment in Oberoi 360 West in Mumbai.
BUSINESS
Skootr rents over 1 lakh sq ft of co-working space in Max Square in Noida at Rs 74.22 lakh per month
Skootr will rent the ninth and tenth floors of the building for a period of five years
BUSINESS
Real estate developers offer attractive I-Day discounts in bid to catch festive season buyers early
From zero stamp duty to letting buyers bid for apartments, attractive and competitive offers are hoping to catch buyers early on, before the rush of offers during the festive season swamp consumers.
BUSINESS
RBI policy meeting: Decision to hold rates again expected to boost real estate demand, say experts
Industry leaders say the latest RBI move will support the home-buying momentum. According to ANAROCK Research, EMIs have jumped up by 20 percent in the last two years.
BUSINESS
Intel leases data centre space in Bengaluru for Rs 47.39 lakh per month
The leave and licence agreement was signed on July 18.
BUSINESS
Real estate in Dubai much more affordable than Mumbai, says Dubai’s 1% man
While he sees potential and opportunities in India’s financial capital, Rizwan Sajan is sticking to the emirate for now
BUSINESS
Homebuyers in stalled housing projects may get relief from proposal to facilitate completion
A panel headed by Amitabh Kant that looked into ways to complete stalled housing projects suggested a moratorium on payment of dues that developers owe land-owning agencies
BUSINESS
Tesla India Motor & Energy Pvt Ltd takes up managed office space in Pune for five years
Tesla leases office in Pune: The company has made a security deposit of Rs 34.95 lakh for five years, the service agreement showed. The Indian arm of Tesla has taken the first floor of Tower B in the business park located in Viman Nagar, Pune
BUSINESS
Real estate investor CapitaLand to double India AUM, foray in renewables
The company is also evaluating opportunities in the renewable energy business
BUSINESS
Here’s why real estate developers are making a beeline for the Mumbai market
Real estate experts say that the margins, high sales and redevelopment opportunities in Mumbai make India’s financial capital an attractive market for realtors.
BUSINESS
Commercial real estate market witnessing early signs of ‘caution among start-ups’: Experts
Many have also resorted to taking up space in co-working spaces rather than conventional offices to save costs.
BUSINESS
Exclusive: Birla Estates has finalised 5 housing projects with revenue potential of Rs 9,000 crore: MD and CEO
The projects are located in Bengaluru, Mumbai, Pune and Delhi. The company plans to launch more projects and new phases across India in the ultra luxury, luxury and mid segments.
BUSINESS
DLF to develop close to 35 lakh sq ft in Andheri West in Mumbai; to pump in Rs 400 crore for entire project
The Slum Rehabilitation Authority project is being developed in partnership with Trident Group; to launch nine lakh square feet in the first phase.
BUSINESS
K Raheja Corp Pvt Ltd buys land parcels in Mumbai for Rs 130 crore
In India, luxury housing is in the midst of a multi-year rally, and developers are cashing in on the increasing demand. The higher realisation for developers reflects the preference for bigger and premium homes.
BUSINESS
Here’s why real estate developers are launching luxury projects in Delhi-NCR
Rising demand for large spaces post Covid, higher margins and improvement in the financial positions of large developers has led to a rush of premium projects priced above Rs 10,000 per square foot.
BUSINESS
DLF may launch close to 9 lakh sq ft in Andheri West: Sources
The company's re-entry into the Mumbai real estate market is being made along with its partner, Trident Group. DLF Home Developers Ltd's wholly-owned arm, Pegeen Builders & Developers, will allot 9,800 equity shares of Rs 10 each at par to Delhi-based Trident Buildtech.
BUSINESS
Wells Fargo International Solutions renews lease for 3.7 lakh sq ft of office space in Hyderabad
The monthly rent is Rs 2.14 crore and the per sq ft rent is Rs 57.48, the documents showed.
BUSINESS
TVS Emerald opens sale of 662 housing units in Chennai worth Rs 600 crore
The company said that as many as 448 units, worth a booking value of Rs 438 crore, have been sold. Spread over approximately 6.56 acres, the residential community is located on the 200 ft Radial Road in Kovilambakkam.
BUSINESS
Investing abroad: Should you consider buying a second home in Dubai?
For Indians looking to invest in a real estate in Dubai, the attractions include high rental yields of up to 7 percent, potential capital appreciation, and the opportunity to own a property in a global city.
BUSINESS
Lodha Group’s luxury flat in Mumbai sells for Rs 122 crore
This is the latest unit to be sold in the Malabar Palaces, which is a redevelopment luxury project where an old building was demolished to build a new structure which is expected to be completed by June 30, 2026
BUSINESS
Urban planning reforms making cities attractive destinations for investments: Housing Minister Hardeep Puri
Need to get rid of the planner’s mindset; citizens should be at the heart of urban planning, said the minister
