General

With the rising cost of contruction, in terms of materials, labour costs and of course with all the hassles related to permissions, etc. there is a new solution that is being preferred by many stake holders in the commercial real estate industry in India.

Sajjan India promoter Madhav Prasad Aggarwal and his wife Sushma bought a sea-view luxury duplex in Mumbai's Worli neighbourhood for over Rs 153 crore, making it one of 2022's most expensive residential unit transactions.

In the second half of 2023, India's largest real estate developer, Macrotech Developers (Lodha Group), will launch 16 new projects with a total sales potential of Rs 10,300 crore.

In October 2022, Mumbai, India's biggest and most expensive real estate market, continued to collect stamp duty at a record rate, as the holiday season spurred home-buying activity.

BMC Releases Tender For Goregaon-Mulund Link Road Tunnels

The Aga Khan Development Network Unveils INR 200 Crore Luxury Real Estate Project in Mazgaon, South Central Mumbai

In some great news for Thane real estate market and the property market in Majiwada, AWS has bought a huge 60 Acre plot of land in Majiwada. This will surely act as a big boost for the commercial real estate market in Thane and surrounding areas.

Godrej Properties, the Godrej Group's real estate development business, has signed into an agreement to purchase a 50-acre block of land in the rapidly developing micro market of the Manor neighbourhood in Palghar, near to Mumbai.

Directorate General of Civil Aviation (DGCA), India's aviation regulator, has awarded an aerodrome licence to the upcoming Mopa airport in Goa, paving the way for commercial flights to commence soon.

When a property is subject to future terms and conditions and its transfer is contingent upon a future date, this is known as an Agreement of Sale. When the agreement's terms and conditions are satisfied or the transfer of property has expired, the agreement becomes a sale.

Smartworld Developers, With Headquarters in Gurgaon, Raise INR 250 Cr For Expansion

Shriram Properties & ASK Property Fund Plan an Investment Platform for Housing Projects

Asian Paints, India's largest decorative paint company, leased 120,000 square feet of office space in Lower Parel, Mumbai.

Omkar Shirhatti, co-founder and chief executive officer of Karza Technologies, has purchased a magnificent duplex in the Bandra West neighbourhood of Mumbai's Samarpan building for INR 47.7 crore.

Purvankara Asset Management invested Rs 93 crore from its second alternative investment fund (AIF-II) in a Chennai project.