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The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.
- 21st Apr 2024
- 1143 Views
In a Rs 18,000 crore ($2.4 billion) initiative with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund, Prestige Group is developing residential projects in India. Partners will spend Rs 2,001 crore ($270 million) to accelerate early-stage housing developments.
- 3rd Apr 2024
- 1161 Views
Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.
- 9th Mar 2024
- 1162 Views
Nisus Finance and its strategic partner BCD Group invested around Rs 105 crore in Suvita Real Estate, a wholly owned subsidiary of Shapoorji Pallonji Real Estate. This senior secured listed non-convertible debentures (NCD) investment in a 12.16-acre land parcel in Pune's Manjari-Budruk.
- 3rd Mar 2024
- 1173 Views
MO Alts is happy to announce the inaugural closure of its sixth real estate fund, India Realty Excellence Fund VI (IREF VI), a major milestone in its journey. The fund raised Rs 1,250 crore in its first phase, meeting its Rs 2,000 crore aim.
- 27th Feb 2024
- 1169 Views
At the heart of Trevoc Group's operations lies a deep-rooted philosophy that transcends mere construction. The group is committed to sustainable development, intertwining energy efficiency, innovative technologies, and eco-friendly designs into the fabric of its projects.
- 23rd Feb 2024
- 1183 Views
Ghaziabad is on the brink of a cultural and touristic revolution with the Ghaziabad Development Authority (GDA) announcing a significant investment of Rs 25 crore into the development of a Ramayana-themed park.
- 21st Feb 2024
- 1184 Views
BKC 9 by Shapoorji Pallonji Real Estate and Vakratunda Buildcon sets a new level in luxury living in Bandra East, Mumbai, after the success of BKC 28. WSB Real Estate Debt Fund II invested Rs 55 crore in BKC 9, which represents the future of home architecture and comfort.
- 11th Feb 2024
- 1177 Views
The government's newest proposal in the Interim Union Budget for 2024-25 offers a comprehensive strategy to empower worthy middle-income people. Tenants in chawls, slums, and unauthorised colonies are being offered a chance to buy or build their own houses. A wider approach to improve quality of lif
- 9th Feb 2024
- 1186 Views
Indian real estate is hopeful for major improvements when Finance Minister Nirmala Sitharaman presents Budget 2024. The business anxiously awaiting affordable housing definition extension, industry classification, and tax benefits for homebuyers and developers.
- 1st Feb 2024
- 1181 Views
Omaxe raised 450 crore from Kotak Mahindra Bank Limited. This strategy helped Omaxe repay a lot of its debt. This money paid off the April 2022 Värde Partners debt with Rs 290 crore.
- 17th Jan 2024
- 1209 Views
India's REIT and InvIT funding has increased significantly in recent years. The money generated via these channels increased tenfold in 2023, reaching ₹11,474 crore. SEBI's favourable policies and these instruments' enticing returns have driven this expansion.
- 15th Jan 2024
- 1209 Views
In an innovative move, Nuvama Asset Management, the alternative investment arm of Nuvama Wealth Management, and Cushman & Wakefield have formed a joint venture to raise a 3,000 crore commercial property fund.
- 11th Jan 2024
- 1215 Views
Colive, a tech-driven platform for fully managed co-living spaces, is seeking $20 million from venture capital companies. This money will support the company's aggressive growth. Colive, based in Bengaluru, wants to increase its room capacity in Pune and other Indian cities.
- 27th Dec 2023
- 1178 Views
In today's fast-paced world, where aspirations often translate into multiple loans, effectively managing these debts is crucial.
- 12th Dec 2023
- 1185 Views