General

Dubai's reputation as a favourable global hub for business and financial activities makes it a prime destination for Indian investors. The city's impressive economic growth, coupled with a business-friendly environment featuring minimal taxes, golden visas, and streamlined regulations.

Mulund's Purvarang Society encouraged self-redevelopment out of fear of fraud, an encouraging gesture. This bold move resulted in the destruction of their old building and a lavish groundbreaking ceremony.

Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

Due to decarbonisation ambitions, more Indian enterprises are prioritising eco-friendly commercial real estate. Green office space demand is outpacing supply in India's key property markets, signalling a new age of corporate environmental conscience.

Embassy Group invested Rs 1,160 crore in Indiabulls Real Estate. Preferential allocation brings additional cash into Indiabulls, enabling new South Indian real estate developments.

Purevankara outperformed itself in 2024, selling Rs 5,914 crores, up 90% from Rs 3,107 crores in FY23. Customer collections increased by 60% to Rs 3,609 crores from Rs 2,258 crores last year.

MahaRERA reached a milestone in 2023-24, registering 4,332 projects from 5,471 applicants. Officials stressed that the remaining applications are being carefully reviewed to ensure project integrity and compliance.

The Prestige Group, a renowned Indian real estate developer, has carefully bought 21 acres of prime Whitefield, Bangalore property. For the firm, this Rs 450 crore acquisition signifies a major expansion in one of the city's key IT corridors.

In a Rs 18,000 crore ($2.4 billion) initiative with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund, Prestige Group is developing residential projects in India. Partners will spend Rs 2,001 crore ($270 million) to accelerate early-stage housing developments.

The Marathi New Year, Gudi Padwa (Ugadi in certain southern regions), is celebrated with considerable fervour throughout India. These days represent fresh beginnings and promise, making them suitable for big purchases like homes.

Navi Mumbai's rental market is transforming into a vibrant city. This brief summary discusses the unanticipated rise in rental costs due to greater connection, a booming IT industry, and a shortage of ready-to-move homes.

Businesses of all sizes have plenty of chances in Mumbai, India's financial centre. Walking around the city's different office spaces might be intimidating. Mumbai's premier office locations and perks are highlighted in this guide to simplify your search.

In India, buying a home during an auspicious time like Gudi Padwa is a popular tradition. It's also an opportunity to smartly manage your finances and take advantage of tax benefits. Here's a straightforward guide to help you navigate the savings landscape.

The Indian real estate business is poised for a major change: industry recognition. This decision will boost growth and the sector's economic contribution.

The Dream of Homeownership Grows 2024 is a terrific year for Indian homebuyers due to numerous major advancements. Significant savings from a steady repo rate and an optimistic government budget encourage more individuals to purchase properties.