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DLF reported a 23% year-on-year growth in net profit to ₹646 crore in Q1FY25. Outstanding growth was fuelled by ₹6,404 crore in sales bookings, a 214% rise from the previous year. The company's consolidated revenue increased 14% year-over-year to ₹1,730 crore.
- 26th Jul 2024
- 1125 Views
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- Co-working
- News
- Bangalore
WeWork India leased 140,000 square feet of office space in Bengaluru and Noida to accommodate flexible workspace demand. Their portfolio will grow by 2,400 seats with these additional offices opening between September and October.
- 26th Jul 2024
- 1126 Views
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In Budget 2024, India allocates heavily on housing, infrastructure, and livelihood initiatives to boost rural and urban growth. Government strategies promote inclusive growth and economic stability, benefiting millions across. Find Ghar.tv budget analysis.
- 25th Jul 2024
- 1127 Views
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- Redevelopment
- News
- Mumbai
ASK Property Fund, the real estate private equity division of the Blackstone-backed ASK Asset & Wealth Management Group, has committed ₹190 crore to Kalpataru’s upper mid-income housing project in Borivali, a prominent Mumbai suburb.
- 23rd Jul 2024
- 1136 Views
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- Infrastructure
- News
- New Delhi
After strong increase in the previous two fiscal years, construction equipment sales were unchanged in the first quarter. Road building project awards slowed and elections lowered demand, causing this stalemate.
- 23rd Jul 2024
- 1132 Views
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JSW Infrastructure has acquired office space in Navi Mumbai's Nerul from L&T Realty for ₹88 crore, an important move in the commercial real estate sector.
- 22nd Jul 2024
- 1143 Views
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- Infrastructure
- News
- Chennai
Canadian investment giant Brookfield Asset Management will pay $550 million (INR 4,594 crore) to purchase a majority interest in Tamil Nadu-based renewable energy platform Leap Green Energy. Commercial and industrial (C&I) users use this platform for renewable energy solutions.
- 20th Jul 2024
- 1151 Views
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Sanofi, the Indian arm of the French pharmaceutical giant, is set to divest its Headquarters in Mumbai , a standalone building in the posh Powai locality. This building, spanning over 150,000 sq ft, currently houses the company’s country headquarters.
- 20th Jul 2024
- 1140 Views
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INR 171-Crore Resolution Plan by MK Rajagopalan Approved by lenders MK Rajagopalan, the promoter of Chennai-based MGM Healthcare, purchased Visakhapatnam's 300-bed SevenHills Hospital through the IBC.
- 18th Jul 2024
- 1139 Views
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Leading private equity company TA Associates acquired a major minority investment in Vastu Housing Finance Corp., a pan-India diversified lending organisation, on Thursday. Investments included the International Finance Corporation.
- 18th Jul 2024
- 1136 Views
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- Redevelopment
- News
- Mumbai
The largest slum in India, Dharavi, is undergoing a tremendous change. Adani Group and state government joint venture Dharavi Redevelopment Project Ltd. (DRPPL) has chosen 540 acres of suburban property to move 'ineligible' inhabitants for free homes.
- 18th Jul 2024
- 1147 Views
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The Bombay High Court held that the state deserves a fair return on its land in a landmark decision. Justices B P Colabawalla and Somasekhar Sundaresan stressed that leasing rates need not be cheap if they fail to cover inflation, administration fees, and escalation.
- 14th Jul 2024
- 1149 Views
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- Redevelopment
- News
- Mumbai
Chief Minister Eknath Shinde said that Mumbai will give TDR of up to 10 stories for airport funnel zone building rehabilitation. Redevelopment has been impeded by height constraints as most buildings in this area are 3-4 storeys. This government strategy promotes urban renewal.
- 14th Jul 2024
- 1166 Views
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- Luxury Real Estate
- News
- Alibaug
Bollywood actress Kriti Sanon has invested in a 2,000 sq ft plot at The House of Abhinandan Lodha’s (HOABL) exclusive project, Sol de Alibaug, just 60 minutes by sea from South Mumbai.
- 12th Jul 2024
- 1147 Views
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- Infrastructure
- News
- Mumbai
A strategic bond sale by MMRDA to fund INR 50,000 crore will accelerate Mumbai's infrastructure development. MMRDA hopes to overcome its financial issues and forward critical projects that would boost connectivity and growth with state government support and a strong financial plan.
- 7th Jul 2024
- 1156 Views