General

Luxury residential property sales in Mumbai increased more than twofold year on year to Rs 20,255 crore in 2021, owing to growing customer demand for larger residences with more facilities and cheap mortgage rates.

The Maharashtra government intends to reconstruct 21 acres of valuable property known as the fisherman's colony or Machchimar Nagar in South Mumbai.

In one of the biggest real estate investments in Nagpur, Godrej Properties has bought 58 acres of land in this city of Maharashtra.

The recovery has been so strong that India's Grade A office market across the top seven cities is on track to exceed 1 billion square feet by 2026.

Colliers has launched a joint venture with the Embassy Group and SAS infra to build three office complexes totaling 14 million square feet in Hyderabad.

British Land recently announced the sale of 75% of its Paddington Central assets to Singapore's sovereign wealth fund GIC for 694 million pounds (USD 885.9 million), with the UK-based landlord seeking to invest in high-growth industrial sites.

Leading real estate developers in India, DLF would spend close to Rs 1,700 crore in Noida, Uttar Pradesh, to create office space and a data centre.

Nashik - After almost six months, the Nashik Municipal Corporation (NMC) has resumed online filing and approval of construction plan applications.

On April 22, 2022 the state-owned Bank of Baroda announced a temporary reduction in the interest rate on house loans to 6.50 percent per year from 6.75 percent per annum.

The Maharashtra Housing and Area Development Board (MHADB) is scheduled to get 5,000 dwelling units from 65 residential projects that developers had been unable to deliver to the board for over 10 years.

Merlin Group, a realtor headquartered in Kolkata, has launched a Rs 200 crore tower in Salt Lake's Sector V, the city's IT powerhouse.

Cornerstone Properties, based in Bengaluru and managed by Chairman and Managing Director Mr. BP Kumar Babu, is a major real estate company.

Eqaro Guarantees, a surety solutions provider, and Nestaway Technologies established a collaboration in which Eqaro Guarantees would issue rental bonds to landlords on behalf of renters at Nestaway Technologies.

Shriram Properties and Logos, an Asia-Pacific logistics company, have signed a Memorandum of Understanding (MoU) for the possible sale of up to 90 acres of property in Shriram Grand City in Uttarpara, Kolkata, which Logos intends to convert into a warehouse and logistics park.

Indian Multinational IT Company Mindtree, Has Preleased 6 Lakh Square Feet Office space at L&T Future IT Park in Chennai