News

K Raheja Corp-backed Mindspace Business Parks REIT aims to create an 8 lakh-square-foot mixed-use building with commercial offices and a luxury hotel in its Airoli east business park in Mumbai.

Walton Street BlackSoil, renamed WSB Real Estate Partners, wants to raise more money. With its 700-crore second fund expected to be fully deployed in a few months, the business is focused on south Indian markets.

Lodha, or Macrotech Developers, is on track to beat its fiscal year predictions. Real estate professionals are excited as the business is on course to exceed its FY24 gross development value (GDV) of INR 17,500 crore in the first half.

An Anarock report found that sales of high-end properties in the cities of Delhi-NCR, Chennai, and Bangalore increased by over twofold in 2023.

Trident Realty, headquartered in Bhogpur, Haryana, has announced plans to spend Rs 700 cr. in the introduction of luxury independent floors in Panchkula.

The Confederation of Indian Industry (CII) has announced the upcoming Excon 2023 in Bengaluru, a monumental event that solidifies South Asia's standing in the construction equipment domain.

The second phase, "Bastion at Mahindra Citadel", was theatrically unveiled. Through a stunning drone show above Pune, the business painted a QR code in the night sky, giving viewers a virtual entryway to the Metaverse.

The state-owned construction giant NBCC sold 4 lakh square feet of premium office property in Nauroji Nagar, South Delhi, in a landmark real estate deal.

Gurugram, known for its modernism and progress, will get another iconic housing project. Signature Global, a real estate giant, bought a 25.75-acre plot in Fazilpur. On this freshly purchased site, the business plans to develop an ambitious group housing project to raise the standard.

Bengaluru-based Prestige Group, a real estate giant, is planning to transform urban landscapes across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Goa. With a Bengaluru trial project, they are also targeting elder living.

In a bold initiative to demonstrate openness and regulatory supervision, MahaRERA deregistered seven key projects throughout the state. Developers recognise budgetary restrictions and lacklustre reception to their offers.

Hamas' multifront war on Israel, a geopolitical curveball, is expected to impact India's booming real estate market. Industry experts warn that this unforeseen battle may temporarily halt Israeli investment coming into Indian real estate, which has been growing 20-30% annually.

The Uttar Pradesh Real Estate Regulatory Act (UP-RERA) has improved transparency and strengthened real estate project bank account banking. A recent State Level Bank Committee (SLBC) statement stressed the need of managing these accounts according to RBI and RERA Act guidelines.

Maruti Suzuki, the largest automobile manufacturer in India, has leased 270,000 square feet of Tag Avenue in Gurgaon

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to introduce a transformative framework aimed at enhancing transparency and quality assurance within the real estate sector.