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In the next two years, House of Hiranandani, led by Surendra Hiranandani, would invest approximately ₹12,500 crore to increase its development footprint by 10 million square feet in the Mumbai Metropolitan Region (MMR). This strategic expansion will include acquisitions and greenfield ventures.
- 3rd Nov 2024
- 1156 Views
NBCC has sold 533,000 sq ft of commercial space in two New Delhi developments, earning nearly ₹2,251 crore. The World Trade Centre project in Nauroji Nagar and the Sarojini Nagar Downtown project are both sold out, a major milestone for the firm.
- 31st Aug 2024
- 1200 Views
Max Estates, the Max Group's real estate subsidiary, received Noida Authority clearance to manage the 'Delhi One' commercial project in Sector 16B. The business settled dues of ₹613 crore.
- 15th Aug 2024
- 1193 Views
The Mumbai Metropolitan Region Development Authority (MMRDA) plans to lease out seven plots in the Bandra-Kurla Complex (BKC) to earn 5,497 crore. This program finances Mumbai Metropolitan Region infrastructure projects.
- 4th Aug 2024
- 1211 Views
L&T Realty and Valour Estate, formerly DB Realty, have partnered to create a ₹20,000-crore project on a 10-acre land block in Mumbai's Bandra Kurla Complex (BKC). The project will contain luxury apartments, commercial areas, and a 1,000-key five-star hotel near the Bombay High Court complex.
- 30th Jul 2024
- 1246 Views
Mumbai will invest INR 3000 Crore in infrastructure in 2024 to close a two-decade development gap. Eight major road and rail projects will improve connectivity, travel times, and the city's worldwide competitiveness in this ambitious makeover.
- 20th May 2024
- 1324 Views
The Blackstone Group is close to buying Adani Realty's Inspire BKC, a high-profile commercial real estate project on Mumbai's Bandra-Kurla Complex (BKC) fringes. The 800,000-square-foot office skyscraper is expected to cost the US private equity behemoth between Rs 1,800 crore and Rs 2,000 crore.
- 8th May 2024
- 1326 Views
Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.
- 8th May 2024
- 1320 Views
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.
- 7th May 2024
- 1284 Views
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.
- 1st May 2024
- 1313 Views
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.
- 21st Apr 2024
- 1332 Views
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.
- 14th Apr 2024
- 1288 Views
At the heart of Trevoc Group's operations lies a deep-rooted philosophy that transcends mere construction. The group is committed to sustainable development, intertwining energy efficiency, innovative technologies, and eco-friendly designs into the fabric of its projects.
- 23rd Feb 2024
- 1287 Views
The core suburb of Dombivli in Mumbai is undergoing a major change. This busy business district is becoming a focus for luxury residential developments and integrated townships. This change in the real estate paradigm is driven by Dombivli's strong connectivity, making it appealing.
- 26th Jan 2024
- 1302 Views
Experion Developers, the Indian affiliate of Singapore's Experion Holdings, plans to launch many new projects worth over INR 10,000 crore this year. After buying five INR 2,100 crore land tracts, this venture was launched.
- 26th Dec 2023
- 1315 Views