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Alta Capital, an investment and asset management group, has bought 2.5 million sq ft of fully-leased logistics assets from IndoSpace for ₹840 crore (nearly $100 million). Indian logistics and storage insiders call this deal one of the year's biggest.
- 8th Nov 2024
- 1166 Views
The Maharashtra houses and Area Development Authority has long promised affordable houses. However, a recent decision has caused major changes in low-income property pricing between 2023 and 2024.
- 10th Oct 2024
- 1181 Views
Nusli Wadia, Chairman of the Wadia Group, and the Aditya Birla Group have settled their lengthy legal dispute. Aditya Birla Group subsidiary Century Textiles and Industries bought a 10-acre leasehold property tract in Worli, Mumbai, from the Wadia family for ₹1,100 crore.
- 11th Sep 2024
- 1206 Views
Japan’s Sumitomo Corporation Group has made a major move in Mumbai’s real estate market by acquiring a nearly 2-acre prime land parcel in Worli from the Wadia Group’s Bombay Dyeing & Manufacturing Company for ₹440 crore. This deal further solidifies Sumitomo’s presence Indian real estate.
- 11th Sep 2024
- 1216 Views
Gautam Adani, chairman of the Adani Group, said the Dharavi rehabilitation project is more than urban regeneration; it will change the lives of nearly one million people in one of the world's greatest slums. Adani said at Mumbai's Jai Hind College that the project would restore Dharavi's dignity.
- 6th Sep 2024
- 1195 Views
The Chapter, a luxury vacation house developer supported by industry leaders including Nadir Godrej, Anand Piramal, and the Burman family of Dabur India, plans to spend around ₹850 crore. This project aims to build luxury villas in India's top leisure spots.
- 30th Aug 2024
- 1270 Views
Volkswagen Group Technology Solutions India has leased a three-story commercial tower in Hinjewadi, Pune, for over five years. In the Embassy Tech Zone of the Rajiv Gandhi InfoTech Park in the second phase of Hinjewadi development, this new office occupies over 123,000 sq ft in the Hudson Block.
- 19th Aug 2024
- 1192 Views
Mumbai-based real estate developer Kalpataru filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 1,590 crore through an IPO. All revenues (minus IPO expenditures) will benefit the firm because the IPO is a fresh equity share issuance with no offer-for-sale component.
- 17th Aug 2024
- 1190 Views
Actis, a London-based sustainable infrastructure investor, and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, have formed a joint venture to build 16-17 million square feet of industrial and logistics facilities in India.
- 9th Aug 2024
- 1417 Views
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.
- 5th Aug 2024
- 1240 Views
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.
- 26th Jul 2024
- 1210 Views
Signature Global's Titanium SPR residential property in Sector 71, Gurugram, sold well. Boston Consulting Group's digital sales process has generated approximately INR 2700 crore, with further sales likely when the allocation is finalised. This raises the bar for regional luxury homes.
- 4th Jul 2024
- 1334 Views
The Yamuna Expressway Industrial Development Authority (YEIDA) has formalized a concession agreement with Bayview Bhutani Film City, a special purpose vehicle (SPV), to develop an expansive film city in Noida. This major initiative aims to bolster the film industry in Uttar Pradesh.
- 28th Jun 2024
- 1249 Views
Apple will lease 400,000 sq ft of office space on Sankey Road from Embassy Group at a record cost of nearly ₹220 per sq foot per month.
- 28th Jun 2024
- 1284 Views
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.
- 14th Jun 2024
- 1341 Views