News

Tribeca Developers, the world's largest Trump-branded real estate developer, has partnered with Mumbai's Tejukaya Group. A 2.5-acre premium property lot in south-central Mumbai's Parel neighbourhood will be transformed into a luxurious residential sanctuary.

LogiMAT India 2024 will become India's leading logistics, material handling, storage, and supply chain showcase, transforming India's logistics ecosystem. LogiMAT India 2024, held at India Expo Mart in Delhi NCR from February 28 to March 1, 2024.

Indian

The Union Cabinet has extended the Pradhan Mantri Awas Yojana (Urban) till December 2024. This decision, announced in an official statement, extends the June 2015 plan. The original March 2022 'Housing for All' Mission aims to provide pucca dwellings to all qualified urban inhabitants.

In a recent meeting, the Maharashtra state cabinet approved a significant legal reform to accelerate the rebuilding of ageing cooperative society structures. This move allows eviction of minority residents who block majority-approved redevelopment plans.

Ashiana Housing, a New Delhi-based real estate developer, plans to spend Rs 650-700 crore in land and building in 2023-24. The business wants to book Rs 1,500 crore in area in FY24 and add 7-8 million sq ft in three years.

In 2026, the Tata Group will build two Taj resorts on Lakshadweep's Suheli and Kadmat islands. This development has garnered notice after Prime Minister Narendra Modi's visit and the Maldives conversation.

An deal was reached to buy a 100% share in Goel Ganga Ventures India Private Limited (GGVIPL) by Lodha Group, a major Indian real estate developer. After this deal, Lodha Group will hold 100% of GGVIPL.

Godrej Properties Ltd. bought a 4-acre Bengaluru plot. The business aims to build a luxury housing estate on this property, selling apartments for Rs 1,000 crore.

Commercial purchases in Bengaluru fell 14.3% to 12.5 million square feet in 2023. Knight Frank India ascribed this decline to US inflation and a slowing technology industry, which drives Bengaluru's office space demand.

MIHAN-SEZ's land dispute with DLF escalates. The Multi Modal International Cargo Hub and Airport at Nagpur (MIHAN) Special Economic Zone (SEZ) in Maharashtra has asked Gurugram-based DLF to return 140 acres of land they received in 2007. This Nagpur IT Park site has been undeveloped for over 15 year

In nine months, DLF, India's top real estate developer, met its FY24 bookings estimate. On the heels of a successful 7,200 crore flat sale in their newest project, DLF Privana South in Gurugram's Sectors 76 and 77.

Kavaratti, Lakshadweep, Prime Minister Narendra Modi unveiled and lay the foundation stone for around INR 1,150 crore developments. This enormous project encompasses technology, energy, water resources, healthcare, and education to improve the region's infrastructure and quality of life.

Prime Minister Narendra Modi inaugurated and started over Rs 20,000 crore in development projects in Tiruchirappalli to boost Tamil Nadu's economy. On January 2, 2024, these projects included rail, road, oil and gas, and shipping, signifying a major infrastructure investment in the state.

A prominent hospitality company sold a Bangalore boutique hotel via Colliers India. Colliers worked well with the Asset Reconstruction Company (ARC), Trustee, bank, buyer, and seller to complete this 150,000-square-foot transaction.