News

Colliers India is helping Hong Kong-based Epic Group build its first manufacturing plant in Bhubaneswar, Odisha, with a Rs 220 crore project.

Ministry of Environment, Forest, and Climate reform (MoEFCC) made a major reform to balance development with animal protection. Large projects in protected areas now need forest permissions before wildlife clearances.

The Mumbai NCLT invalidated Wadhwa Buildcon's promoter's resolution plan. The resolution professional (RP)'s suspicious conduct and the promoter's willful default status revealed the decision.

MahaRERA has proposed a breakthrough rule to increase openness and accountability in real estate developments. For compliance and efficient money utilisation, this proposal requires projects to maintain three bank accounts in the same bank.

Star Tiger Shroff bought a 7.50-crore Pune house. Real estate database site says Shroff bought this in March 2024. Actor paid 52.50 lakh rupees in stamp duty for this property.

According to the Prime Global Cities Index, Mumbai, Delhi, and Bangalore have higher housing prices. Buyers are increasingly choosing property investments to better their lives.

At Kamla Raman Nagar in Mumbai's Dharavi slum, counting houses and people began on Monday to determine who receives a free house. Big plans are in the works for Dharavi Redevelopment Project Pvt Ltd (DRPPL), directed by S VR Srinivas.

Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the termination of sale agreements between a developer and purchasers who missed payment deadlines in an unprecedented action.

In Pune, Thane, Nashik, Kalyan-Dombivli, Surat, Vadodara, and Ahmedabad, the Smart City Campaign has transformed urban growth. Research shows a huge beneficial impact on residents' lives, advocating a continuing effort beyond June 2024.

A new MahaRERA initiative protects homebuyers in an unprecedented step. It requires housing project developers to have three accounts in one scheduled bank to promote discipline, efficiency, transparency, accountability, and equality in financial activities.

Vikram Oberoi, CEO and MD of EIH Limited, is leading the Oberoi Group in establishing 50 additional hotels by 2030 to expand its portfolio. The Skift India Summit announced this expansion to strengthen Oberoi and Trident brands in desirable locations. Oberoi explained his plan to integrate smaller,

Mumbai's elite are finding luxurious getaways in peaceful, scenic areas within a short drive from the city. For seclusion and exclusivity, they visit Alibaug, Goa, Lonavala, Khandala, Panchgani, Karjat, and Pawna Lake. Buyers are purchasing villas and property to create calm, luxurious getaways.

After years of stalemate, the Mumbai-Goa coastal highway project is moving forward. A unified procurement for six bridges by the Maharashtra State Road Development Corporation (MSRDC) is expected to stimulate Konkan tourism and industry.

The Maharashtra Housing and Area Development Authority (MHADA) has reduced plot contract violation fines. MHADA's six-month amnesty policy includes this decrease. Under certain scenarios, the programme reduces offenders' penalty costs.

Barbara Martin Coppola, Decathlon's worldwide CEO, said the French sports retailer is investing more in India's production and retail skills, underscoring the country's importance as a vital worldwide market.