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Embassy Group plans to take WeWork India public after acquiring the remaining 27% interest from US-based WeWork for ₹700 crore. Sources say the coworking office platform would be listed on domestic bourses within 18 months.
- 26th Apr 2024
- 1135 Views
K Raheja Corp is redeveloping Mumbai's first mall, Sobo Central Mall, into a premium residential tower. It encompasses 1.3 acres in South Mumbai's premium Haji Ali neighbourhood and was launched in the late 1990s as Crossroads. A 50-story sea view skyscraper with almost 250,000 sq ft of development.
- 26th Apr 2024
- 1137 Views
Land record digitalization will be prioritised by the Indian government to streamline land procedures. The incoming government is likely to support this critical effort with roughly ₹1,035 crore. To speed up land acquisition and construction, the initiative seeks to digitise all land records by 2026
- 20th Apr 2024
- 1144 Views
Terravista Developers, an Adani Group affiliate, bought a 25-acre land in Haveli, Pune, to expand its data centre infrastructure. Leasehold rights from Finolex Industries enabled this Rs 471 crore ($56.6 million) investment.
- 13th Apr 2024
- 1161 Views
Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.
- 10th Apr 2024
- 1157 Views
Purevankara outperformed itself in 2024, selling Rs 5,914 crores, up 90% from Rs 3,107 crores in FY23. Customer collections increased by 60% to Rs 3,609 crores from Rs 2,258 crores last year.
- 7th Apr 2024
- 1172 Views
The Prestige Group, a renowned Indian real estate developer, has carefully bought 21 acres of prime Whitefield, Bangalore property. For the firm, this Rs 450 crore acquisition signifies a major expansion in one of the city's key IT corridors.
- 6th Apr 2024
- 1161 Views
Maharashtra buys the famous Air India building at Nariman Point, Mumbai, for INR 1,601 crore. New state development and strategic planning begin with this historic purchase.
- 15th Mar 2024
- 1180 Views
In a symbol of Gurugram's rise as India's real estate capital, Godrej, Oberoi, Adani, and DLF have begun building luxury residential projects in the city. Prestige and Sobha are also competing in the city's property market, which is booming and attracting attention.
- 3rd Mar 2024
- 1164 Views
Godrej Properties Ltd. (GPL) bought 12.5 acres in Rajendra Nagar, Hyderabad. This shows the Mumbai-based developer's commitment to growing in Hyderabad in the next years.
- 14th Feb 2024
- 1208 Views
Zomato's biggest warehouse acquisition in India, a 3.08 lakh sq ft property at Sumadhura Logistics Park in Bengaluru, has improved its operations. This seven-year arrangement, mediated by Bengaluru's Sumadhura Group, shows Zomato's dedication to improving logistical efficiency.
- 10th Feb 2024
- 1174 Views
Deepinder Goyal, the visionary co-founder and CEO of Zomato, has made a notable entry into the real estate market with the acquisition of a coveted plot in Delhi’s Mehrauli for an impressive sum of ₹50 crore, as revealed by documents from CRE Matrix.
- 4th Feb 2024
- 1251 Views
Nexus Select Trust, the Blackstone Group's retail arm, is poised to expand in India. The agreement to buy 1 million square feet of malls in Hyderabad from L&T Metro is valued at ₹1,100 crore. This massive purchase comprises the E-Galleria Mall in Moosarambagh, the L&T Metro Mall in Punjagutta.
- 2nd Feb 2024
- 1275 Views
An deal was reached to buy a 100% share in Goel Ganga Ventures India Private Limited (GGVIPL) by Lodha Group, a major Indian real estate developer. After this deal, Lodha Group will hold 100% of GGVIPL.
- 9th Jan 2024
- 1289 Views
Godrej Properties Ltd. bought a 4-acre Bengaluru plot. The business aims to build a luxury housing estate on this property, selling apartments for Rs 1,000 crore.
- 9th Jan 2024
- 1216 Views