News

Brookfield India Real Estate Trust (Biret) Reports Net Income of Rs 59.7 Crore in the Third Quarter of FY22

Signalling The Come Back of Commercial Real Estate in India, Awfis Leases 85,000 Sq Ft Office Space in River Side Tower, Noida

Prestige Group, located in Bengaluru, is in the process of acquiring a premium parcel of land extending from Anna Salai to White's Road from Sundaram Motors,

Gera Developments, located in Pune, has entered the US property market with intentions to invest over USD 150 million, or Rs 1,150 crore, in four luxury residential-led mixed-use projects in San Francisco, California.

Livspace, a platform for home interior design and remodelling, has secured USD180 million in a fundraising round headed by US private equity company KKR.

DB Realty told the stock markets on February 9 that it intends to offer 50 million convertible warrants to non-promoter investors including Rakhesh Jhunjhunwala's RARE Enterprises.

According to real estate sources, online education startup Byju's has rented office space in Mumbai's Andheri East neighbourhood for Rs 26.86 crore for a five-year period beginning January 1, 2022.

While the state government in Bengaluru has suggested promoting B Khata site holders to the A Khata group, officials in Mysuru are intending to grant the B Khata to people who do not already possess a khata.

Panjim in Goa Will Most Likely Obtain 24-hour Water Supply

According to Indian real estate industry insiders, Godrej Properties has decided to abandon its intentions to invest approximately INR 700 Cr in DB Realty in order to acquire a 10% interest and establish a collaborative platform in response to concerns made by minority owners and other stakeholders.

Godrej Properties intends to spend Rs 400 crore to purchase about 10% of DB Realty (DBR) and to establish a Rs 600 crore 50-50 joint venture to execute slum restoration projects,

Chandigarh-based Proptech Start-up POPT Secures Funding From MRW Ventures and Riar Holdings USD 2 million Valuation

Arvind SmartSpaces, the Lalbhai Group's property development arm, has bought a 35-acre land piece in Pune for Rs 100 crore to create its second residential project.

The subsidiary of Japan’s Kansai Paint has purchased a whole ground floor of commercial office space spread across 35,000 sq ft in real estate developer Marathon Group’s commercial real estate project in Lower Parel called Marathon Futurex on Delisle Road.

DLF Ltd reported a 15% decline in overall net profit to Rs 379.49 crore for the December 2021 quarter, but nearly quadrupled sales bookings to Rs 2,018 crore due to high demand for its premium houses.