General

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.

HSBC rates Prestige Estates and Sobha 'buy' in Mumbai, DLF and Godrej Properties 'hold', and Oberoi Realty'reduce'. The brokerage company raised its share price predictions for several firms, indicating that interest rate swings and new projects would likely affect their profitability.

India's Office Market Leadership in APAC. India may dominate Asia Pacific office space demand by 2024. Over half of regional demand is projected from the top eight Indian cities, including Bengaluru, Mumbai, and Delhi.

Crompton Greaves, CG Power & Industrial Solutions, and K Raheja Corp. are redeveloping CG House, its headquarters in affluent Worli. Over an acre of leasehold land is used for electricity production, transmission, distribution and rail transportation.

Suraj Estate Developers, situated in Mumbai, plans to raise 400 crore via a main market share sale. The residential and commercial firm plans to use ₹285 crore for debt payments for both itself and its subsidiaries. The corporation would also spend 35 crore on property or land development rights.

Prestige Group, headquartered in Bangalore, launched its first residential property in Calicut, "Prestige Ocean Pearl." This project will redefine luxury living in Calicut, giving a peaceful respite from city life.

With rising disposable incomes, India's millennials are driving the real estate market by prioritising lifestyle-compatible homeownership. See what trends and preferences influence their property decisions.

Cognizant Technologies, a major software corporation, is moving towards asset-lightness. The company will sell its large Hyderabad and Chennai offices. Cognizant's approach is to concentrate on non-core real estate and simplify operations.

GIFT City's second phase, comprising town planning concepts, is anticipated after state government evaluation and public comment. This phase intends to strengthen GIFT City's global financial hub status.

Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.

The state-owned Indian Bank sold ₹610 crore in bad loans to simplify its financial portfolio. The bank plans to straighten up its accounts by the end of the year. Real estate and international trade debts are sold.

India Shelter Finance Corporation (ISFC), based in Haryana, is planning to increase its capital by raising ₹800 crore through new shares and ₹400 crore by selling some shares currently held by its investors.

Wave City in Ghaziabad added Tower H to its residential project 'Eligo'. This newest extension provides luxury living with most apartments overlooking the park.

The Fortune Hotels of the ITC hotel group have obtained arrangements to run two upmarket Fortune Park hotels in Kochi, Athani and Kakkanad. Fortune Hotels' 2025 Kerala launch is anticipated.

The second phase of Mahindra Happinest Palghar–2 has been launched by Mahindra Lifespace Developers (MLDL), a prominent part of the Mahindra Group that develops real estate and infrastructure. 260 1 BHK and 2 BHK residences are on 1.86 acres in this phase. Along with 47 retail stores, these flats ha