BUSINESS
Google takes up more than 100,000 sq ft of co-working space in Pune for three years
It’s the latest in a series of lease agreements signed by Google, which In February leased over 2.9 million sq ft of space in Bengaluru through six separate deals.
BUSINESS
Marriott explores opportunities for branded residences in India
Urban locations of New Delhi, Mumbai, Bengaluru, Hyderabad and Chennai offer exciting growth opportunities for this luxury residential segment, a company official said.
BUSINESS
HDFC Bank leases 2.17 lakh sq ft office space in Noida for 18 years; monthly rent @ Rs 1.47 crore
The agreement comes with a rent escalation clause of 15 percent every three years.
BUSINESS
SWAMIH Fund for stuck realty projects delivers 23,000 homes, unlocks liquidity worth Rs 35,879 crore
The SWAMIH Fund backed by the government aims to deliver 20,000 more homes by the year-end in Tier 1 and 2 cities. So far, the fund has given preliminary approval to about 1.1 lakh units and final approval to 83,000 homes
BUSINESS
Corporate Crossings: Embassy REIT names Aravind Maiya as CEO
Aravind Maiya returns to Embassy from Tata Realty where he was the CFO. Vikaash Khdloya will step down as CEO effective June 30, 2023 after which will assume the role of senior adviser
BUSINESS
Prestige Acre buys land in Bengaluru for around Rs 187 crore
The Prestige Group company has aggregated land parcels spread across 56.29 acres for Rs 187.50 crore. All properties are located at Jigani and Rajapura villages, Jigani Hobli, Anekal Taluk, Bengaluru.
BUSINESS
Salman Khan rents out Bandra West apartment for three years at Rs 1.5 lakh a month
The rent will go up in phases to Rs 1.65 lakh by the third year; in 2021 he had rented out another apartment in the same building for Rs 95,000 a month in 2021.
BUSINESS
Why are real estate developers in Mumbai picking up big-ticket land parcels in South Mumbai?
The financial capital is constrained when it comes to premium locations. South Mumbai is among the preferred destinations, and apart from boasting of a premium address, comes with the added advantage of a high FSI. And given the unrelenting demand for luxury homes, there is little likelihood of high-end deals tapering off soon
BUSINESS
All about branded apartments and why they are making a comeback
Branded residences are back in the market because the buyer today wants more than just a plain-vanilla apartment. There’s also confidence on account of RERA being in place, unlike in 2017 when a lot of people burnt their fingers.
BUSINESS
Aditya Birla Group company buys Mumbai bungalow for Rs 220 crore
The buyer has paid a stamp duty of Rs 13.20 crore. The transaction is a through a Deed of Transfer, the document showed.
BUSINESS
Build signature buildings aimed at building signature lives: MoHUA additional secretary
By 2047, India is estimated to have 70 percent new buildings. This is a great opportunity for the real estate sector.
BUSINESS
All about Apple stores in India, lease agreements, rentals and more
Though the Delhi store pales in comparison to the Mumbai one in size, the stores are a study in design and detailing. In fact, one expert said the attention to details is something they had not experienced in 15 years of seeing hundreds of fitouts
BUSINESS
Buying a home to get easier with model builder-buyer agreement
The agreement will aim to protect homebuyers from potential abuses, reduce disputes, and provide effective grievance redressal mechanism to consumers.
COMPANIES
Sun and fun: A look at Pepsico’s new office in Gurgaon
The theme is office with a soul. The Mario Miranda inspired wall in the reception adds to the humour element
BUSINESS
Booster shot: Evolution of the real estate investor
The last few years have seen the emergence of a new class of homebuyers -- somewhere between an investor and an end-user – who is not interested in making a quick buck but is in it for the long haul.
BUSINESS
Blackstone-backed Nexus Select Trust likely to hit the capital market with its first retail REIT IPO by May
The REIT provides an opportunity to look at doubling the size in the next four to five years, the sources said on April 14, adding 9.8 million sq ft may increase to 20 mn sq ft in that period.
BUSINESS
Housing Minister Hardeep Puri inaugurates redeveloped govt residential colonies, new office complex
The office complex will accommodate ministries being moved out due to Central Vista revamp
BUSINESS
Apple’s Delhi store is significantly smaller than Mumbai outlet, but rental costs almost same at Rs 40 lakh a month
The Delhi store pales in comparison to the Mumbai one, which is sprawling at 20,000 sq. ft of retail space over three floors in a mall in the commercial hub of Mumbai’s Bandra Kurla Complex.
BUSINESS
Homebuyers demand compensation from MahaRERA for ‘half-baked’ information made available by developers on the website
As per Sec 11 of the RERA Act 2016, builders are expected to update details of their RERA-registered projects on RERA’s website every three months. But that did not happen, giving rise to the present situation.
REAL-ESTATE
In Pics: Noida’s Film City Project failed to attract bidders; Know project details
The Noida Film City project is expected to come up in Sector 21, off the Yamuna Expressway in Greater Noida. Nearly 1,000 acres of land have been identified for the ambitious project. It is located about six kilometres from the upcoming international airport in Jewar and 12 kilometres from the Eastern Peripheral Expressway.
BUSINESS
French reinsurance firm leases office space in Mumbai at Rs 40 lakh a month
The per sq ft rent works out to around Rs 505, making it the most expensive commercial real estate lease deal so far, real estate experts said. However, the deal is an outlier in terms of commercial rentals, they added
BUSINESS
Apple rents retail space in Mumbai for a minimum guaranteed payment of Rs 42 lakh per month
India has been among the fastest-growing markets for Apple in the past few quarters, even as demand has slumped in many of its traditional markets.
BUSINESS
RBI rate pause brings cheer to homebuyers, realtors; a hike could have led home loan rates to 10% vicinity
The move will provide some respite to affordable and mid-income housing segments and support the current home-buying sentiment, said real estate experts.
BUSINESS
Piramal Capital and Housing Finance sells two office spaces in Mumbai for Rs 110 crore
The buyer has paid a stamp duty of Rs 6.60 crore, the documents showed
