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Stamp Duty Hike in Maharashtra? State Revenue Set to Increase by INR 150 Crore Annually

The Maharashtra government is preparing to modify stamp duty laws, affecting real estate and business. This document details the proposed modifications and their predicted effects.

By Admin

  • 4th Oct 2024
  • 1201 Views
Suzlon Sells Pune HQ at One Earth, Hadapsar for INR 440 Crore, Leases Back for 5 Years to Unlock Growth Capital

Known for its renewable energy solutions, Suzlon Energy sold its headquarters, One Earth, in Hadapsar, Pune, for ₹440 crore to monetise non-core assets and drive expansion. OE Business Park (OEBPPL), backed by 360 ONE Alternates Asset Management funds, bought the land.

By Admin

  • 11th Sep 2024
  • 1286 Views
IBM Secures Presence in Bengaluru with INR 143 Crore Annual Lease Renewal at Embassy REIT Property

IBM renewed its lease for 830,000 square feet of Embassy Golf Links Business Park office space in Bengaluru. The ₹143 crore yearly leasing contract is one of the biggest in the commercial office space category this year. According to insiders, this initiative would strengthen the US technology giant

By Admin

  • 31st Aug 2024
  • 1227 Views
How Did DLF Achieve a 23% Profit Increase in Q1FY25?

DLF reported a 23% year-on-year growth in net profit to ₹646 crore in Q1FY25. Outstanding growth was fuelled by ₹6,404 crore in sales bookings, a 214% rise from the previous year. The company's consolidated revenue increased 14% year-over-year to ₹1,730 crore.

By Admin

  • 26th Jul 2024
  • 1232 Views
WeWork India Expands with 140,000 sq ft of New Office Space in Bengaluru and Noida

WeWork India leased 140,000 square feet of office space in Bengaluru and Noida to accommodate flexible workspace demand. Their portfolio will grow by 2,400 seats with these additional offices opening between September and October.

By Admin

  • 26th Jul 2024
  • 1209 Views
French Pharma Sanofi India to Sell Headquarters in Mumbai, Powai

Sanofi, the Indian arm of the French pharmaceutical giant, is set to divest its Headquarters in Mumbai , a standalone building in the posh Powai locality. This building, spanning over 150,000 sq ft, currently houses the company’s country headquarters.

By Admin

  • 20th Jul 2024
  • 1227 Views
Amazon Expands Operations with Major Office Lease of Over 1.1 Million SqFt in Bengaluru

Amazon will lease over 1.1 million sq ft of office space from Sattva Group in North Bengaluru, expanding its operations there. Amazon will occupy the 11-story office tower in Sattva Horizon business park near the international airport, which will house roughly 7,000 people.

By Admin

  • 14th Jun 2024
  • 1332 Views
Mindspace Business Parks REIT Sets Record with Over 2 Million Sq Ft Leasing in Q4

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.

By Admin

  • 1st May 2024
  • 1313 Views
Provident Housing Showcases Environmental and Social Initiatives in Latest ESG Report

Puravankara subsidiary Provident Housing released its second ESG report. This study highlights the company's leadership in sustainable operations and business practices using innovative technology and decreased environmental effect.

By Admin

  • 8th Dec 2023
  • 1300 Views
Demand For Senior Living Homes in India is at its Peak Today

With senior housing getting the most focus, India's real estate sector is suddenly bracing for a demand spike. A white paper released with PWC and ASLI-The Association of Senior Living in India reports fifty active projects from the top twelve players in the delivery business.

By Admin

  • 23rd Nov 2023
  • 1292 Views
Netflix Extends a Monthly Rental Agreement For Commercial Space in Godrej BKC, Mumbai

Netflix Entertainment Services India LLP extended its lease for a 1.37 lakh square foot (sq ft) commercial premises in Godrej BKC, Mumbai's most expensive commercial business sector, according to IGR portal documents.

By Admin

  • 5th Nov 2023
  • 1319 Views
Blackstone Plans to Increase its Logistics Business in India to 100 Million SqFt

Due to demography, ecommerce, and government assistance, Blackstone Group, a global private equity firm, is betting big on storage and logistics in India.

By Admin

  • 8th Jun 2023
  • 1413 Views
Bajaj Electricals Leases 61000 Sq Ft of Office Space in One International Centre, Lower Parel, Mumbai

According to people familiar with the deal, Bajaj Electricals has leased a full floor of office space at One International Centre in Mumbai's Lower Parel business area from Blackstone Group unit Nucleus Office Parks for almost five years.

By Admin

  • 3rd Jun 2023
  • 1654 Views
What Are The Factors Leading to The Increase of Luxury Hotel Properties & Luxury Hotel Business in India in 2023?

The post-covid age has seen a rebirth in the luxury hotel business in India as more and more people seek out luxurious vacations and accommodations.

By Admin

  • 12th Apr 2023
  • 1363 Views
Gurugram Headquartered Trehan Iris Rents Almost 3 Million square feet at Iris Tech Park, Sector 48

Gurugram's Sector 48 Iris Tech Park is home to Trehan Iris' 2,750,000-square-foot lease. Sohna road landmark Iris Tech Park includes three towers. 2.75 million square feet of Iris Tech Park's 3.36 million project area is used by diverse businesses.

By Admin

  • 21st Dec 2022
  • 1496 Views
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