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Sanjay Dutt, the chief executive officer of Tata Realty and Infrastructure Ltd, recently remarked that the high cost of land, money, and construction, as well as other economic concerns, make Indian real estate projects unprofitable.

SWAMIH - Affordable Housing Fund Seeks to Complete 81,000 Homes Within 3 Years

Pfizer sold Vidhi Research & Development LLP its rights to a 54-acre land block and its facility in the Trans Thane Creek industrial Area (TTCIA) in Mumbai for over INR 207 crore, including differential premium to the Maharashtra Industrial Development Corporation (MIDC).

CEO Gagan Banga emphasises investor base expansion and the consolidation of seven companies into the home finance company.

Pragati Group, an industrial and logistics real estate developer located in the National Capital Region (NCR), has secured $200 million from a Singapore-based private equity firm for the development of industrial and logistics real estate assets.

Despite a rise in interest rates and property prices, stamp duty collection in February for the country's biggest and most costly real estate market, Mumbai, reached a record high. The record collection was driven by premium and middle-income housing categories.

Reliance Industries Ltd. (RIL), which is managed by the Indian business magnate Mukesh Ambani, has joined the commercial real estate market in India. This highly significant into the Indian commercial real estate space was verified by RIL in a regulatory filing.

Logistics infrastructure company NDR Warehousing plans to raise INR 2,000 crore via InVIT in 2023, in order to pay off previous debts and finance the development of new projects.

In Mumbai, the BMC has issued bids for the building of an elevated road between Orange Gate (where the Eastern Freeway starts in south Mumbai) and Grant Road in February 2023.

Real estate development and construction company BCD Group has teamed with real estate consultancy firm ArisUnitern to expedite the completion of residential projects in South India.

Sushma Group, a large real estate developer located in Punjab, has secured INR 140 crore from IndusInd Bank to boost its current commercial projects.

Alliance Group's wholly-owned subsidiary, Urbanrise, plans to build three 3,600-crore townships on a 96.5-acre plot of land in Tambaram, Chennai.

Technicolor Creative Studios, one of the largest VEX and special effects companies, has signed a long-term lease for office space spanning over 1 lakh square feet across two floors in Blackstone Group entity Nucleus Office Parks' commercial complex One International Center in Lower Parel

Taurus Investment Holdings, a corporation located in the United States, intends to create retail-centric mixed-use developments across India.

The first section of the Mumbai coastal route from Marine Drive to Worli should be finished by November 2023.