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SBI Fuels Gurugram World Trade Center Project with Rs 714 Crore Investment
- Admin
- 7th May 2024
The State Bank of India has committed Rs 714 crore to TCG Urban Infrastructure, a New York-based company, for the development of a World Trade Center in Gurugram. This project promises to offer one million square feet of leasable space.... read more
PNB Housing Finance Targets Ambitious 17% Growth in FY25 Loan Portfolio
- Admin
- 5th May 2024
PNB Housing Finance aims to raise its loan portfolio by 17% in FY25, the biggest expansion since 2019. A strong capital position has allowed the firm to concentrate on retail lending, which currently accounts for 97% of its operations, including affordable housing.... read more
MahaRERA Enforces Agent Certification Requirements, Urging Developers to Comply for Industry Integrity
- Admin
- 5th May 2024
Promoters must now use only qualified and certified real estate agents under MahaRERA. This guideline protects homebuyers and the real estate industry. Non-compliance might lead to project registration rejections, registration revocations, or promoter fines.... read more
Brookfield Eyes USD 10 Billion Investment to Boost Indian Real Estate Portfolio
- Admin
- 2nd May 2024
Brookfield Asset Management, a renowned global institutional investor, aims to spend $10 billion in Indian real estate in three to five years.... read more
Macrotech Developers Secures Acquisition of Mumbai's Iconic Tulip Star Hotel
- Admin
- 2nd May 2024
The bankruptcy court allowed Macrotech Developers to buy V Hotels Ltd., which owns the Tulip Star Hotel, formerly the Centaur Hotel. The property in Mumbai's upmarket Juhu neighbourhood will be bought by Lodha Group business Macrotech Developers for Rs 890 crore.... read more
Bangalore-based Prestige Estate to Double Hospitality Holdings with INR 1700 Crore Investment
- Admin
- 1st May 2024
Bangalore-based Prestige Estate Projects plans to treble its hotel portfolio with a ₹1700 crore investment in the next 3-4 years. Managing 1,849 keys across India, the business aims to create ₹1,800 crore in income, tripling current sales of ₹900 crore.... read more
Mindspace Business Parks REIT Sets Record with Over 2 Million Sq Ft Leasing in Q4
- Admin
- 1st May 2024
Mindspace Business Parks REIT leased over 2 million square feet in the quarter ended March 2024, a record. This is the greatest lease volume since its August 2020 IPO, totaling 3.6 million square feet for 2023-24.... read more
Alta Monte Tower B Opens for Bookings - Tallest Luxury Residences in Malad Set to Enhance Mumbai Skyline
- Admin
- 30th Apr 2024
Omkar Realtors has opened bookings for Tower B at Alta Monte in Malad East, Mumbai. Mumbai's western suburbs' highest four-towered skyscraper with 1200 spacious flats. Towers A, C, and D were completed.... read more
Sun Estates Developers Launches Ambitious INR 1000 Crore Hospitality Venture in Goa
- Admin
- 29th Apr 2024
Sun Estates Developers expands into Goa's hotel market, investing ₹1000 crore in several projects. This strategy builds on their previous successes, like buying the Astor Hotel.... read more
Lodha Targets INR 21,000 Crore in New Projects Amid Booming Indian Real Estate Market
- Admin
- 28th Apr 2024
Lodha, known as Macrotech Developers, expects robust housing market expansion in 2024-25. Over ₹21,000 crore in new projects are planned by the corporation, after a ₹20,300 crore boost last year.... read more
Indian Real Estate Boom Spurs Talent Demand, Driving a Hiring Surge in Construction and Sales
- Admin
- 28th Apr 2024
Over the last two years, India's real estate business has seen record sales, increasing demand for construction and sales skills. Since competent workers are scarce, consultancy companies and developers are hiring new graduates from business schools.... read more
2000 Metric Ton Arch Bridge Set for Erection in Mumbai Coastal Road Project
- Admin
- 26th Apr 2024
A monumental 2,000-metric-ton arch bridge, integral to the Mumbai Coastal Road project, embarked on its voyage from Mazagon Dock's Nhava unit at 12:30 PM recently.... read more
Surge in NRI Investment Boosts Indian Real Estate Market
- Admin
- 26th Apr 2024
The participation of Non-resident Indians (NRIs) in India’s residential real estate market has seen a significant rise, now accounting for nearly a quarter of the total sales among large developers, up from just 7-10% prior to the pandemic.... read more
Lodha Celebrates Stellar Growth in Q4, with a 21% Increase in Net Profit
- Admin
- 26th Apr 2024
Lodha, or Macrotech Developers, reported a 21% rise in net profit to Rs 670 crore for the March quarter. The company's operating revenue rose 23% to Rs 4,020 crore. Developer pre-sales and yearly performance are at an all-time high this quarter.... read more
Bangalore-based Embassy Group Plans IPO for WeWork India Following Full Acquisition
- Admin
- 26th Apr 2024
Embassy Group plans to take WeWork India public after acquiring the remaining 27% interest from US-based WeWork for ₹700 crore. Sources say the coworking office platform would be listed on domestic bourses within 18 months.... read more
K Raheja Corp to Transform Mumbai's First Mall into a 50-Storey Luxury Residential Tower
- Admin
- 26th Apr 2024
K Raheja Corp is redeveloping Mumbai's first mall, Sobo Central Mall, into a premium residential tower. It encompasses 1.3 acres in South Mumbai's premium Haji Ali neighbourhood and was launched in the late 1990s as Crossroads. A 50-story sea view skyscraper with almost 250,000 sq ft of development.... read more
Why Are Modern Condos in Demand Over Historic Properties in South Mumbai?
- Admin
- 26th Apr 2024
The real estate market in South Mumbai, the city's affluence, is changing. Now popular with luxury condos, the region was formerly dominated by lovely old-world houses. This shows that rich purchasers want homes with exclusivity, tradition, modern conveniences, and a thriving community culture.... read more
Amitabh Bachchan Expands Luxury Real Estate Portfolio with New Villa in Alibaug
- Admin
- 23rd Apr 2024
Amitabh Bachchan bought a plot of property in Alibaug, a popular coastal resort for Mumbai's elite. The House of Abhinandan Lodha (HoABL) sold him a luxurious property for around Rs 10 crore.... read more
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