REAL ESTATE PROJECTS
Godrej Properties buys 7-acre land in Bengaluru to build housing project worth Rs 1,200 cr Godrej Properties has acquired a 7-acre land in Thanisandra, North Bengaluru, for developing a luxury housing project. The project is expected to yield around 9 lakh square feet of residential space, with an estimated revenue of Rs 1,200 crore. In a...
01 Jul, 2024, 02.40 PM ISTBy 2027, no of branded residences projects forecast to increase to 1200: Noesis Capital Advisors Report While the Noesis analysis shows that the price premium of such residences globally is very high, in comparison, India currently sees a price premium of around 21-40% as per the market. The company said there is no reason to indicate why this number ...
28 Jun, 2024, 06.10 PM ISTSattva Group to invest Rs 12,000-14,000 crore in diversification over next three years “The funding for the initiative will be structured with a combination of equity, debt and sales. Approximately 20% of the funding will be in equity, while the remainder will be sourced from debt and sales proceeds,” he told ET. “Our approach to debt...
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Amitabh Bachchan buys more office properties in Mumbai Andheri suburb Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongsid...
25 Jun, 2024, 05.52 PM ISTUddhav Thackeray's Shiv Sena pushes for 50% Marathi reservation in new Mumbai buildings In the lead-up to assembly elections, Shiv Sena (UBT) MLC Anil Parab proposed a bill mandating 50% housing quotas for Marathi speakers in new Mumbai projects. Pending approval, it suggests penalties for non-compliance. Legal experts doubt its consti...
25 Jun, 2024, 10.36 AM ISTKrisumi Corporation to invest Rs 2,000 crore in Gurugram residential project Krisumi Corporation plans a Rs 2350 crore investment in Phases 3 and 4 of Krisumi City, Gurugram, with 1051 luxury units and a 2-acre club. Marketed as a shift to larger, luxury apartments, they expect Rs 4000 crore revenue. The joint venture aims f...
24 Jun, 2024, 01.59 PM ISTPrestige One appoints Colliers Project Leaders as project manager This strategic agreement underscores Prestige One's commitment to maintaining its top position in the real estate market by leveraging the expertise of renowned global firms.
24 Jun, 2024, 12.47 PM ISTOnly 195 projects set up grievance redressal cell despite MahaRERA directive Only 195 projects in Maharashtra have complied with the directive to establish a complaint redressal cell by the Maharashtra Real Estate Regulatory Authority. The cells aim to resolve homebuyers' grievances.
24 Jun, 2024, 10.52 AM ISTNew home supply falls 13 pc in Apr-Jun as builders launch fewer projs due to polls: PropEquity PropEquity data shows that new housing supply in April-June is estimated to fall to 97,331 units across nine major cities as against 1,11,657 units in the year-ago period.
23 Jun, 2024, 01.54 PM ISTPrestige Estates board okays proposals to raise Rs 5,000 crore The Bengaluru-based company may either consider creating a real estate investment trust - which could be the first hotel REIT in India - or pursue an initial public offering to monetise the hospitality business. In April, ET was the first to report ...
23 Jun, 2024, 12.48 AM ISTNisus Finance invests Rs 155 cr in affordable housing project in Surat Nisus Finance has invested over Rs 155 crore in a late-stage affordable housing project by Dharmadev Group in Surat, Gujarat. The project is part of a larger layout on a 12-acre land parcel, comprising 4.5 million sq ft. Nisus has invested through i...
19 Jun, 2024, 06.53 PM ISTNCLT orders insolvency proceeding against Supernova project developer Supertech Realtors NCLT orders insolvency proceedings against Supertech Realtors for defaulting Rs 168.04 crore to Bank of Maharashtra in the Supernova project.
15 Jun, 2024, 06.49 PM ISTHigher property prices, changes in law to boost debt recovery from stressed realty projects: Report The recovery of debt from stressed residential realty projects is expected to increase in the current financial year due to rising property prices and regulatory changes. Crisil forecasts a bad loan recovery rate of 16-18% by FY25, driven by improve...
10 Jun, 2024, 03.48 PM ISTARCs to see 5-7% higher recoveries from residential realty in FY25: CRISIL Ratings Additionally, recent amendments to the Insolvency and Bankruptcy Board of India (IBBI) regulations are expected to expedite the resolution of stressed real estate assets in the medium term, enhancing the overall recovery process for ARCs.
10 Jun, 2024, 01.26 PM ISTMahaRERA keeps registration of 1,750 lapsed housing projects in abeyance The Maharashtra Real Estate Regulatory Authority (MahaRERA) has put the registration of 1,750 lapsed housing projects on hold across the state and plans to take similar action on 1,137 more projects. The Mumbai Metropolitan Region leads with 761 pro...
10 Jun, 2024, 11.52 AM ISTUP RERA sets format for possession letters to flat buyers It had also directed project promoters to make no binding conditions on the allottees in any way through the offer of possession letter, the UP RERA said in a statement.
08 Jun, 2024, 08.56 PM ISTProperties worth Rs 1.17 lk cr sold by 18 listed realty firms in FY24; Godrej properties at top Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes.
02 Jun, 2024, 03.37 PM ISTAU Real Estate to invest Rs 600 crore in luxury residential project in Ghaziabad AU Real Estate will invest Rs 600 crore in "The Sunflower," a luxury residential project in Aditya World City, Ghaziabad. The project will feature five towers with 30 floors each, offering a total of 595 units spread over 6.94 acres. The property wi...
30 May, 2024, 12.44 PM ISTAffordable homes supply down 38% New supply of affordable homes - priced up to ₹60 lakh each - declined 38% across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity. Real estate data analyti...
27 May, 2024, 12.47 AM ISTUnion Bank invests Rs 250 crore in Hyderabad realty co’s luxury housing project Company’s project The Megaleio will be spread in over one million sq ft area and will need to Rs 800-900 crore. While the funding raised from the bank will be used to start the construction, balance work will be done through the sales receivable, wh...
25 May, 2024, 12.17 AM IST