BUSINESS
Kandoi Fabrics directors spend Rs 217 crore to buy four apartments in Mumbai
The four properties are spread across 18,572 sq. ft. of net area. Each unit has a size of 4,643 sq. ft.
BUSINESS
Riverfronts command the highest returns on investment: Sabarmati Riverfront Development Corp Chairman
Srinagar city may become the model for city renewal for the country. Developing the Jhelum riverfront while restoring the built heritage on it, says Keshav Verma.
BUSINESS
Taparia family signs most expensive residential property deal in India for Rs 369 crore
The six properties are located in Lodha Malabar, Mumbai, and come with 20 car parking slots . Brokers said the value of the triplex makes the per sq ft cost at almost Rs 1.36 lakh per sq ft.
BUSINESS
Last day today: Mad rush to register high-end properties in Mumbai
The response in Delhi and Bengaluru has, so far, been tepid as there is limited new supply in the above Rs 10-crore range. Mumbai doesn't have such a problem
BUSINESS
Luxury realty market on fire with amendments to Section 54 and 54F set to kick in on April 1
Budget 2023 has capped the deduction on capital gains on investments in residential property, available under the two sections, at Rs 10 crore.
BUSINESS
Bank of China leases office space in Mumbai for 5 yrs at starting monthly rent of Rs 46.3 lakh
The office space, spread 9,300 sq ft, has been rented for Rs 500 per sq ft per month. It is loacted at Maker Maxity. Brokers say this deal is an outlier as the average rent for Grade A commercial space in top-end commercial buildings in Bandra-Kurla Complex is in the range of Rs 260-320 per sq ft per month, and Rs 445-475 per sq ft in Maker Maxity.
BUSINESS
DLF family, 11 other Indian developers in M3M Hurun Global Rich List
DLF’s Rajiv Singh and family were ranked 21 in India with wealth of $6.8 billion.
BUSINESS
Rs 2,000 crore equity deployed for 4 projects in Noida, Gurugram: Max Estates MD & CEO
Sahil Vachani says the launch of the residential project is likely in the first half of this calendar year. The Gurugram residential launch will take place early in the calendar year 2024. He says the SVB collapse will have no significant impact on the Indian real-estate space.
BUSINESS
DLFs new luxury project in Gurugram, The Arbour, has proved to be the Pathaan of real estate
The project sprawls across 25 acres, comprising five towers. The 3,900-plus sq ft apartments come with four-bedrooms and large decks.
BUSINESS
Bajaj Auto Chairman Niraj Bajaj buys triplex in Mumbai’s Malabar Hill for Rs 252.5 crore
The total area of the three apartments is 18,008 sq ft (carpet area is 12,624 sq ft) and comes with eight car parking slots, the documents showed.
BUSINESS
Hamdard Laboratories India buys apartment in Delhi’s Diplomatic Enclave for around Rs 30 crore
Diplomatic Enclave or Chanakyapuri, to give its official name, is a tony area in Delhi and is home to large bungalows and apartments. Top business families, corporate honchos and diplomats reside in the area. The Ridge is also within walking distance of these properties.
BUSINESS
Youth creating, tweaking, remodelling global template for urban space: Hardeep Puri
Hardeep Puri said that the full economic benefits of urbanisation can only be reaped by harnessing technology and innovative solutions to address the legacy challenges in cities.
REAL-ESTATE
Jaypee Infratech resolution case: Five-member committee set up to handle resolution
The interim resolution professional has handed over control to the interim monitoring committee (IMC) and it has started initiating work on implementation of the resolution plan
BUSINESS
Amazon leases around 8 lakh sq ft office space in Hyderabad and Gurgaon for five years
In Hyderabad, the company the has leased ground plus 10 floors spread across an area of 4,87,800 sq ft for a tenure of 60 months.
BUSINESS
Max Estates plans Rs 3,400-crore investment in residential and commercial projects in Noida, Gurugram in 4-5 years
The company plans to launch a premium luxury project comprising 250 units in Noida in July this year, and an inter-generational complex in Gurugram next year.
BUSINESS
YEIDA to file appeal before NCLAT within a week for extra compensation of Rs 1,700 crore to be paid to farmers
Homebuyers and farmers are both our priority and a fine balance has to be struck between the two; YEIDA does not intend challenging the resolution plan, says YEIDA CEO
BUSINESS
Branded real estate developers make a beeline for Noida and Gurugram with luxury launches
Most of these are expected to be priced at Rs 10,000-20,000 per square foot and offer separate clubs, spas, Italian flooring and concierge services as the rise in work-from-home post-pandemic spurs demand for luxury apartments.
BUSINESS
Medical Devices Park, Apparel Park and Toy Park ready for launch: YEIDA CEO
Future-proof master planning; Noida International Airport to become a major cargo hub; traffic from IGI to shift to Jewar
BUSINESS
5 million passengers expected on first day at Noida airport on October 1, 2024: CEO
Work on NIAL is on track and trial flights are expected in March 2024, while regular commercial and cargo flights may take off by the end of July 2024, says Arun Vir Singh, CEO of NIAL. Singh said the first flight is expected to take off from October 1, 2024.
BUSINESS
Jaypee Infratech insolvency case: Relief for homebuyers who fought a decade-long legal battle
While some homebuyers welcome the decision, others believe the decision may be challenged again. There are close to 24 projects – 15 in Noida, eight close to Yamuna Expressway and one in Agra. As many as 20,000 homebuyers have been affected.
BUSINESS
MC Explains| NCLT approves Suraksha Group’s plan to take over Jaypee Infratech
Experts say that after the stuck inventory is completed and distributed, it will boost the number of homes available in Noida and Greater Noida, which may trigger a temporary slowdown in real estate price rises in the region.
BUSINESS
Suraksha’s resolution plan for Jaypee Infratech gets the NCLT green light
Homebuyers call it a positive development but are sceptical that the decision may be challenged again.
BUSINESS
GVK promoter sells Jubilee Hills properties in Hyderabad for Rs 74 crore
The deed of sale documents were registered on January 9.
BUSINESS
Noida International Airport may spur 30-40% increase in land prices: CEO YEIDA
Rates in the area have already been increased in view of higher compensation paid to farmers for their land.
