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Godrej Properties Secures Strategic Land Parcels in Gurugram for Major Luxury Developments

Godrej Properties Ltd. (GPL) won an e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) and successfully acquired two prime luxury group housing plots in Gurugram with a winning offer of ₹515 crore.

By Admin

  • 3rd Sep 2024
  • 1184 Views
JNPA SEZ Plots Command Double the Reserve Price - A Major Boost to Mumbai Economy

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.

By Admin

  • 23rd Aug 2024
  • 1188 Views
New Regulation for Mahalaxmi Racecourse in Mumbai Proposed & Public Feedback Invited

A new DCPR 2034 rule by the Brihanmumbai Municipal Corporation (BMC) targets the expansion and rehabilitation of the Mahalaxmi Racecourse. The new Regulation 13(10) applies only to the Mahalaxmi Racecourse, not other BMC clubs, gymkhanas, or designated plots.

By Admin

  • 23rd Aug 2024
  • 1211 Views
Golden Growth Fund to Raise INR 400 Crore for Luxury Land Acquisition in South Delhi

Golden Growth vehicle (GGF), a category-II alternative investment vehicle, aims to collect 400 crore for land purchase in South Delhi to create luxury apartments. After its first financing round, the fund bought property in South Delhi's posh Anand Niketan residential complex.

By Admin

  • 18th Aug 2024
  • 1207 Views
Mumbai's Slum Rehabilitation on Saltpan and Mangrove Lands Reduced to 65%

The government reduced Mumbai's saltpan and mangrove slum redevelopment building area from 80% to 65%. BMC manages the remaining 35% for open space amenities. This comes seven months after the original construction ban in eco-sensitive zones.

By Admin

  • 7th Aug 2024
  • 1203 Views
Mahindra & Mahindra Sells Kandivali Land for INR 210 Crore to Pune-based Rucha Group

M&M has sold a 20.5-acre land plot in Kandivali East, Mumbai, for ₹210 crore to Blueprintify Properties, a real estate unit of Rucha Group. M&M capitalised on its non-strategic assets with this July 23 transaction, which was filed the following day.

By Admin

  • 5th Aug 2024
  • 1236 Views
Mumbai Leasehold Housing Societies Can Now Convert to Freehold at 5-10% of Ready Reckoner Rate

Mumbai: Leasehold housing societies can now convert to freehold for a fraction of the Ready Reckoner (RR) fee. The state has granted leasehold housing societies this concession, analogous to collector's land (class 2 occupation).

By Admin

  • 30th Jul 2024
  • 1281 Views
Bollywood Star Kriti Sanon Invests in Alibaug at Sol de Alibaug by HOABL

Bollywood actress Kriti Sanon has invested in a 2,000 sq ft plot at The House of Abhinandan Lodha’s (HOABL) exclusive project, Sol de Alibaug, just 60 minutes by sea from South Mumbai.

By Admin

  • 12th Jul 2024
  • 1234 Views
Godrej Eyes Development Opportunities on 1,000 Acres Valued at INR 1 Lakh Crore

Nearly a third of Godrej's extensive 3,000-acre land holdings, which have been part of the family assets since the early 1940s after acquisitions through government auctions and subsequent plot purchases, is poised for development.

By Admin

  • 8th May 2024
  • 1293 Views
Baashyaam Constructions to Acquire Prime Chennai Land from Standard Chartered

Baashyaam Constructions will buy a prime land from Standard Chartered Bank in Chennai. The INR 800 crore transaction covers a 4.6-acre plot that Standard Chartered bought from ANZ Grindlays Bank.

By Admin

  • 21st Apr 2024
  • 1319 Views
Puravankara Sets New Benchmarks in Indian Real Estate with 2000 Units Across Major Cities

The Bengaluru-based real estate developer Puravankara is expected to deliver 2,000 apartments this financial year, unleashing approximately 2 million square feet of growth potential throughout Bengaluru, Pune, Chennai, and Mumbai.

By Admin

  • 10th Feb 2024
  • 1285 Views
Deepinder Goyal - Founder of Zomato Buys Land in Mehrauli, Delhi

Deepinder Goyal, the visionary co-founder and CEO of Zomato, has made a notable entry into the real estate market with the acquisition of a coveted plot in Delhi’s Mehrauli for an impressive sum of ₹50 crore, as revealed by documents from CRE Matrix.

By Admin

  • 4th Feb 2024
  • 1437 Views
Godrej Properties Buys 4-Acre Land in Yeshwanthpur, Bengaluru

Godrej Properties Ltd. bought a 4-acre Bengaluru plot. The business aims to build a luxury housing estate on this property, selling apartments for Rs 1,000 crore.

By Admin

  • 9th Jan 2024
  • 1373 Views
JNPA Rakes in Rs 400 Crore from SEZ Plot Leasing in a Landmark E-Auction

The Jawaharlal Nehru Port Authority (JNPA) earned Rs 426 crore by leasing 14 properties, comprising 42 hectares, in its Uran Taluka, Raigad district Special Economic Zone (SEZ). This e-auction promotes industrial expansion and marks JNPA's revenue milestone.

By Admin

  • 18th Dec 2023
  • 1342 Views
The Phoenix Mills Owned Sparkle Two Mall Developers Purchases 11 Acre Land in Majiwada, Thane For INR 429 Crore

Sparkle Two Mall Developers, a fully owned subsidiary of The Phoenix Mills, paid Rs 429 crore for an 11-acre plot in Majiwada, Thane.

By Admin

  • 12th Nov 2023
  • 1550 Views
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