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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
Delhi-NCR Dominates High-End Luxury Apartment Market
- Admin
- 21st Apr 2024
The first quarter of the year saw Delhi-NCR dominate the market for high-end luxury flats priced at least INR 15,000 per square foot among the top eight cities. A large number of new luxury apartment developments sold out rapidly in the area.... read more
Resilient Home Sales in India Defy High Interest Rates and Rising Prices
- Admin
- 21st Apr 2024
The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.... read more
Baashyaam Constructions to Acquire Prime Chennai Land from Standard Chartered
- Admin
- 21st Apr 2024
Baashyaam Constructions will buy a prime land from Standard Chartered Bank in Chennai. The INR 800 crore transaction covers a 4.6-acre plot that Standard Chartered bought from ANZ Grindlays Bank.... read more
Mumbai Luxury Real Estate Market Moves Higher as Wellknown Polyesters' Chairman Buys Lodha Malabar Property
- Admin
- 21st Apr 2024
Wellknown Polyesters Chairman Anil Gupta bought two luxury properties in South Mumbai's Malabar Hill region, influencing the luxury real estate market. The home sale, worth over INR 270 crore, established a new Indian residential property sales record at INR 1.41 lakh per square foot.... read more
Strategic Drainage Enhancement to Address Andheri Subway Flooding
- Admin
- 21st Apr 2024
The Brihanmumbai Municipal Corporation (BMC) will build a parallel drainage line to address Andheri subway's monsoon flooding. This project intends to properly channel surplus precipitation into the Bhardawadi nullah to reduce seasonal floods.... read more
Bombay High Court Considers Goregaon for New Complex Amid Delays in Bandra Site Development
- Admin
- 21st Apr 2024
After learning that the 30 acres in Bandra East may not be finished until 2026, the Bombay High Court examined Goregaon for its new court complex. Due to government personnel living on 13 of the 30 acres, the State Public Works Department (PWD) indicated only 13 will be removed by March 2025.... read more
India Office Real Estate Set for Robust Growth Driven by Tech and Services Expansion
- Admin
- 21st Apr 2024
According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.... read more
Indian Government Extends Funding for Rural Housing to Boost Completion
- Admin
- 21st Apr 2024
The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.... read more
Land Acquisition in India - Government Prioritizes Digitization of Land Records
- Admin
- 20th Apr 2024
Land record digitalization will be prioritised by the Indian government to streamline land procedures. The incoming government is likely to support this critical effort with roughly ₹1,035 crore. To speed up land acquisition and construction, the initiative seeks to digitise all land records by 2026... read more
L&T Innovation Campus is Redefining the Office Space Experience in Powai
- Admin
- 20th Apr 2024
With its 2.2 million sq ft layout, the L&T Innovation Campus in Mumbai's lively Powai neighbourhood is ushering in a new age in corporate settings. This five-acre property combines high-end office spaces with a vibrant community lifestyle to foster creativity and innovation.... read more
Piramal Enterprises Invests Rs 500 Crore in Puravankara's Diverse Real Estate Portfolio
- Admin
- 14th Apr 2024
Puravankara Group's projects in important Indian areas have received Rs 500 crore from Piramal Enterprises. This financial infusion will concentrate on commercial and residential projects via senior secured finance, highlighting their growth potential.... read more
Rapid Progress of SRA in Ramabai Ambedkar Nagar Development Highlights Speed of Urban Renewal
- Admin
- 14th Apr 2024
Thousands of families from Ramabai Ambedkar Nagar, a longtime Ghatkopar slum, are moving to high-rise housing in Vasan, Mumbai. The Slum Rehabilitation Authority (SRA) is finishing its survey work quickly to commence the Ramabai Ambedkar Nagar Development Project.... read more
Adani Group Expands Data Center Operations with New Land Acquisition in Pune
- Admin
- 13th Apr 2024
Terravista Developers, an Adani Group affiliate, bought a 25-acre land in Haveli, Pune, to expand its data centre infrastructure. Leasehold rights from Finolex Industries enabled this Rs 471 crore ($56.6 million) investment.... read more
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