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.

As the demand for high-end living continues to grow, developers are redefining luxury by integrating sustainable practices.

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.

Bank of Baroda, a major Supertech Group lender, approved the Dehradun project resolution plan. This approval is crucial, allowing 600 homeowners to finally get their houses. The proposal, presented to the NCLAT, is Supertech's first lender-approved project.

Arnya Real Estate Fund Advisors, an alternative investment management business, will launch its first real estate debt fund to invest in India's top eight property markets, raising around ₹1,000 crore. The Arnya Real Estate Fund—Debt offers a ₹1,000 crore green-shoe option.

The most Indian Green Building Council (IGBC)-registered projects are in Maharashtra, followed by Uttar Pradesh and Gujarat. Over 7,000 IGBC-certified projects encompass 1,370 million square feet of built-up area in India, demonstrating its dedication to sustainability.

Mumbai's commerce and business sector benefited from the Jawaharlal Nehru Port Authority (JNPA) awarding industrial plots in its Navi Mumbai Special Economic Zone (SEZ) for almost twice the reserve price to nine winning bidders. This exceptional land demand shows the region's economic potential.

Rajasthan would implement extensive land reforms to increase greenfield manufacturing land available. Rajasthan's Principal Secretary (Industries) Ajitabh Sharma reported ₹5.2 lakh crore in investment proposals for renewable energy equipment and petrochemical production.

SEBI's obligatory sustainability reporting has expedited green building uptake by occupiers, investors, and developers. This legislative focus is changing India's real estate environment, especially green-certified office leasing.

Canadian investment giant Brookfield Asset Management will pay $550 million (INR 4,594 crore) to purchase a majority interest in Tamil Nadu-based renewable energy platform Leap Green Energy. Commercial and industrial (C&I) users use this platform for renewable energy solutions.

In Palghar, Maharashtra, the Vadhavan Port will transform marine and real estate. An all-weather Greenfield deep draft major port announced by Prime Minister Narendra Modi's Union Cabinet would boost India's marine capabilities and Palghar's real estate sector.

Modern Indian millennial homebuyers prioritise wellness features in their search for the right property. Yoga studios, fitness centres, and green spaces are becoming essential in the Indian real estate market due to this transition. Ghar explores 5 ways this trend is impacting Indian real estate.

The Tamil Nadu government aims to build a greenfield international airport in Hosur, transforming this border town of Bengaluru into an economic powerhouse. About three crore people will pass through the 2,000-acre airport.

Actor Abhishek Bachchan bought six luxury apartments at Oberoi Sky City, Borivali, for Rs 15.42 crore. Amidst lush greenery, this outstanding property provides great connections and top-notch facilities.

Brigade REAP announced Cohort 16 applications, with mentoring starting July 10, 2024. This 16-week hybrid programme advances construction, hotel, green tech, and proptech firms.