General

Foxconn has acquired 300 acres in Devanahalli, North East Bengaluru for Rs 300 crore through its subsidiary Foxconn Hon Hai Technology India Mega Development, according to a recent filing with the London Stock Exchange (LSE).

Auto parts manufacturer Gabriel India signed a technical collaboration and alliance agreement with Inalfa Roof Systems of the Netherlands.

Ganga Realty, a real estate company based in Gurugram, will invest 400 crore rupees in its first high-street neighbourhood retail project, Swarnim, located in Sector 5, Sohna, Gurugram.

The Maharashtra state property registration department has decided to keep its 27 offices, including five in Pune and one in Mumbai, open on Saturdays and Sundays, allowing citizens to register property documents on weekends.

According to sources, the Canada Pension Plan Investment Board (CPP Investments) and RMZ Corp will develop a commercial project on a 15-acre plot of land at JVLR in Mumbai, where the famous Kamalistan Studio is located.

Macrotech Developers Ltd will invest 4,500 crore rupees in the construction of real estate projects as it seeks to increase its execution capabilities in response to robust housing demand this fiscal year.

Artize has inaugurated Atelier, its flagship retail location, to exhibit its products in a daring new format that hopes to transform the bathware retail industry in Bangalore.

Casagrand has introduced Casagrand Elysium, a residential community with a contemporary design, in Manapakkam.

Smartworld Developers of Gurugram will invest INR 3,300 crore in the construction of three developments totaling 11.5 million square feet in 2024 fiscal year.

Springer Nature Group, a global research publisher based in Germany, has leased 1.1 lakh square feet of office space in Pune for 10 years at a total rental cost of roughly Rs 140 crore.

Real estate company Macrotech Developers (Lodha Group) has set a goal to sell properties worth 14,500 crore this fiscal year, up 20% from the previous year, and will acquire additional land for future expansion.

Birla Estates, the real estate development branch of the Aditya Birla Group, has purchased a prominent land parcel in the upscale residential neighbourhood of Walkeshwar at Malabar Hill in South Mumbai.

Ajmera Realty Purchases Vikhroli Land From Tata Communications Ltd. The projected gross sales value of the purchase of the 5,017 square metre plot is Rs 550 crore, and it would be used for a residential complex providing 1/2/3 BHK.

An analysis by property consultancy CBRE reveals that real estate developers and foreign funds invested significantly in land acquisition in Delhi-NCR and Mumbai during 2018-2022, as over 60% of the fund was used in these two cities.

Spectrum Metro, the high-street retail commerce capital located in Noida Sector 75, has finalised leased space agreements with well-known brands such as Smaaash, Reliance Digital, Reliance Trends, Uni Applem Reseller, and Toksik, among others.