Kalpataru Projects Greenlights ₹200 Cr NCD Issuance Kalpataru Projects International announced that its board has approved a plan to raise up to ₹200 crore through the issuance of non-convertible debentures (NCDs) via private placement.

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

The Maharashtra Housing and Area Development Authority (MHADA) would increase application opportunities. In March and June 2025, the Mumbai Board will hold a lottery for 3,000 residences. Patrawala Chawl in Goregaon may provide 2,500 of these dwellings.

Rightmove, the UK-based property listing behemoth, turned down a hefty £5.6 billion buyout approach from Australia's REA Group, which is majority-owned by Rupert Murdoch's News Corporation. Rightmove's board described the offer as "wholly opportunistic,".

The MHADA Mumbai Housing and Area Development Board is set to hold an e-auction for the sale of 173 non-residential shops on June 27, 2024.

In Mumbai's Ghatkopar, a 250-tonne illegal advertising hoarding toppled upon a gas station owing to harsh weather, killing 14. The accident occurred at 96 kmph, according to the Indian Meteorological Department (IMD). 74 people were rescued from the rubble.

Ministry of Environment, Forest, and Climate reform (MoEFCC) made a major reform to balance development with animal protection. Large projects in protected areas now need forest permissions before wildlife clearances.

Guide to SM REITs helps you explore a new possibility to make the most of your real estate investments in a smarter way.

Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.

India's REIT and InvIT funding has increased significantly in recent years. The money generated via these channels increased tenfold in 2023, reaching ₹11,474 crore. SEBI's favourable policies and these instruments' enticing returns have driven this expansion.

The Securities and Exchange Board of India (SEBI) has authorised the fractional real estate ownership platform hBits to raise over Rs 500 crore through a category II Alternative Investment Fund (AIF) for commercial real estate investments across India's major markets.

This week, the Mhada Mumbai Board will begin collecting applications for its impending lottery for 4,083 apartments and tenements. The application deadline is June 26, 2023, and the draw is scheduled for July 18, 2023.

According to sources, the Canada Pension Plan Investment Board (CPP Investments) and RMZ Corp will develop a commercial project on a 15-acre plot of land at JVLR in Mumbai, where the famous Kamalistan Studio is located.

Real estate company Macrotech Developers said on December 12, 2022 that its board of directors had authorised the sale of about 7.2% of its shares to institutional investors at an issue price of Rs 1,026 per share.

91Springboard's first Platinum Hub is in Gurugram's Vatika Triangle. This 300-workstation coworking facility offers several services.