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  • MC Explains: All about the upcoming 1,000-acre Global City in Gurugram March 23, 2023 06:58 AM IST

    MC Explains: All about the upcoming 1,000-acre Global City in Gurugram

    The project is envisioned as a city within a city and a new central business district for Gurugram.

  • Size of urban sector to double in next 25 years, says housing ministry official March 21, 2023 08:32 PM IST

    Size of urban sector to double in next 25 years, says housing ministry official

    The demand for Grade A premium office assets is also likely to increase to 1.2 billion sq. ft. by 2030 in India

  • Promoter fails to deliver units, HARERA Gurugram orders delayed payment charges at 10.6 percent interest to allottees March 17, 2023 12:41 PM IST

    Promoter fails to deliver units, HARERA Gurugram orders delayed payment charges at 10.6 percent interest to allottees

    According to the Real Estate Regulatory Authority, the matter pertained to Splendor Trade Tower, a commercial project being developed by Splendor Landbase in Sector-65 of Gurugram, since 2008.

  • Greater Noida Authority e-auctions industrial and commercial plots for over Rs 350 crore March 14, 2023 05:06 PM IST

    Greater Noida Authority e-auctions industrial and commercial plots for over Rs 350 crore

    The authority noted that the industries coming up at these plots are expected to provide employment to 1,500 to 2,000 people.

  • Migsun Group to invest Rs 706 crore in high street commercial project in Delhi's Rohini March 03, 2023 06:07 PM IST

    Migsun Group to invest Rs 706 crore in high street commercial project in Delhi's Rohini

    In Phase 1, the Group will develop 1 mn sq ft of high street retail space. In Phase 2, if the company is able to buy additional FAR, another 1 mn sq ft will be developed in the form of business suites

  • Noida tea-seller who bagged a kiosk for Rs 3.25 lakh monthly rent backs out February 27, 2023 12:32 PM IST

    Noida tea-seller who bagged a kiosk for Rs 3.25 lakh monthly rent backs out

    Cites inability to pay the three-month security deposit and an 11-month advance rent amounting to Rs 45.5 lakh; Noida Authority says rent can't be broken into instalments.

  • Noida Authority plans to auction 14 commercial plots in March February 22, 2023 10:29 AM IST

    Noida Authority plans to auction 14 commercial plots in March

    The plots offered measure between 871 sq m and 51,417 sq m. The last date for registration is March 13, 2023, and the allotment will be through e-auctions. Officials said the e-auction will be conducted only if each plot gets a minimum of three applications.

  • Bhumika Group to invest Rs 350 crore to develop commercial project in Udaipur February 20, 2023 09:50 PM IST

    Bhumika Group to invest Rs 350 crore to develop commercial project in Udaipur

    The company will develop 3 lakh sq ft of retail area, 2.5 lakh sq ft area of office space and a 200-room hotel.

  • CRC Group to invest Rs 810 crore to develop commercial project in Noida February 06, 2023 07:51 PM IST

    CRC Group to invest Rs 810 crore to develop commercial project in Noida

    The company to invest the amount in constructing an integrated IT/ITES commercial project in Noida. The project will spread across an area of 22 lakh sq ft of built-up area

  • DLF posts almost 37% increase in Q3 consolidated net profit January 25, 2023 06:48 PM IST

    DLF posts almost 37% increase in Q3 consolidated net profit

    DLF's residential business delivered a strong performance to clock quarterly new sales bookings of Rs 2,507 crore, reflecting a YoY growth of 24 percent. Cumulative new sales for 9MFY23 stands at Rs 6,599 crore, reflecting a YoY growth of 45 percent.

  • Haryana realty regulator restrains Bank of Baroda from conducting e-auction in CHD E-Way Tower commercial project January 24, 2023 04:35 PM IST

    Haryana realty regulator restrains Bank of Baroda from conducting e-auction in CHD E-Way Tower commercial project

    The Authority observes that the bank’s e-auction attempt is “devoid of” considering and settling the claims of individual allottees who are stakeholders in the project in question.

  • Noida tea seller makes highest bid of Rs 3.25 lakh a month rent for kiosk in upscale Sector-18 market January 24, 2023 11:34 AM IST

    Noida tea seller makes highest bid of Rs 3.25 lakh a month rent for kiosk in upscale Sector-18 market

    Sonu Kumar Jha, a tea and gutka seller, has agreed to pay a 1,203 percent higher amount than the base rent of the kiosk. He will have to deposit 14 months’ rent in advance, which roughly amounts to Rs 45 lakh, to the Noida Authority.

  • CapitaLand India Trust to buy 1mn sqft IT park in Bengaluru for Rs 1,226 crore January 18, 2023 08:34 PM IST

    CapitaLand India Trust to buy 1mn sqft IT park in Bengaluru for Rs 1,226 crore

    The project comprises two buildings with an aggregate net leasable area of about 1.5 million square feet.

  • Budget 2023: Extend affordable housing sops to all real estate projects, give relief to homebuyers January 18, 2023 10:02 AM IST

    Budget 2023: Extend affordable housing sops to all real estate projects, give relief to homebuyers

    The measures can stimulate investments in the sector by significantly improving the returns for developers and investors hit by high input and finance costs.

  • SKA Group to invest Rs 125 crore in a high-street commercial project in Ghaziabad January 17, 2023 07:30 PM IST

    SKA Group to invest Rs 125 crore in a high-street commercial project in Ghaziabad

    SKA will develop 250,000 square feet of retail spaces. The project is expected to be completed by December 2025.

  • India’s super rich park 34% of wealth in equities and 25% in commercial realty: Study January 16, 2023 02:07 PM IST

    India’s super rich park 34% of wealth in equities and 25% in commercial realty: Study

    On an average Indian super rich own 5.1 residential properties compared to the global average of 4.2 units

  • Global Capability Centres cross 202 million sq. ft as office stock occupiers across six cities January 12, 2023 04:35 PM IST

    Global Capability Centres cross 202 million sq. ft as office stock occupiers across six cities

    Technology firms account for a 46 percent share of GCC footprint across the top six cities followed by BFSI with a 19 percent share

  • Webhelp India leases more than 60,000 sq ft office space in Gurgaon for Rs 61 lakh per month January 10, 2023 06:55 PM IST

    Webhelp India leases more than 60,000 sq ft office space in Gurgaon for Rs 61 lakh per month

    The company has taken the fourth floor of a building in Sector 18, Udyog Vihar from OneQube Realtors and paid a security deposit of Rs 3.7 crore

  • Noida Authority signs MOUs worth Rs 58,000 crore ahead of UP Global Investors Summit January 06, 2023 10:37 PM IST

    Noida Authority signs MOUs worth Rs 58,000 crore ahead of UP Global Investors Summit

    Investment proposals of Rs 30,000 crore have been finalised in real estate and retail sectors

  • Office space absorption drops in Q4 of 2022, sets tone for a cautious 2023: Colliers January 03, 2023 12:29 PM IST

    Office space absorption drops in Q4 of 2022, sets tone for a cautious 2023: Colliers

    Leasing was led by the technology sector, followed by flex spaces and the BFSI sector;  Bengaluru accounted for 33 percent share in total leasing in 2022, followed by Delhi NCR at a 21% share

  • Year-end Review: Office leasing hits second-highest on record in 2022 but faces headwinds next year  December 30, 2022 02:25 PM IST

    Year-end Review: Office leasing hits second-highest on record in 2022 but faces headwinds next year 

    Co-working constituted almost 20 percent of the total 39 million square feet commercial real estate absorption this year, indicating that occupiers continue to favour a flexible strategy towards their growth plans.

  • Mindspace Business Parks REIT completes issuance of Rs 100-crore Commercial Papers December 20, 2022 07:15 PM IST

    Mindspace Business Parks REIT completes issuance of Rs 100-crore Commercial Papers

    The funds will be utilised towards the working capital requirements of Mindspace REIT’s Asset SPVs.

  • Real estate trends 2022: Gross absorption of office space may touch 50 mn sq ft in 2022; to moderate in 2023 December 20, 2022 01:23 PM IST

    Real estate trends 2022: Gross absorption of office space may touch 50 mn sq ft in 2022; to moderate in 2023

    Bengaluru continues to be the market leader, likely to account for 33 percent of office leasing in 2022, said a report by Colliers

  • Bengaluru tops Grade-A flexible stock list in Asia Pacific region December 20, 2022 12:20 PM IST

    Bengaluru tops Grade-A flexible stock list in Asia Pacific region

    India continues to witness the highest growth in flexi–office market in the APAC region. Shanghai and Beijing rank second and third in top 12 APAC cities with highest flex stock, said the CBRE report  

  • CDSL acquires 46,000 sq ft of office space in Mumbai for Rs 163 crore December 25, 2022 07:47 AM IST

    CDSL acquires 46,000 sq ft of office space in Mumbai for Rs 163 crore

    The depository paid a stamp duty of Rs 9.79 crore for the registration of the two deals