General

While the state government in Bengaluru has suggested promoting B Khata site holders to the A Khata group, officials in Mysuru are intending to grant the B Khata to people who do not already possess a khata.

Panjim in Goa Will Most Likely Obtain 24-hour Water Supply

According to Indian real estate industry insiders, Godrej Properties has decided to abandon its intentions to invest approximately INR 700 Cr in DB Realty in order to acquire a 10% interest and establish a collaborative platform in response to concerns made by minority owners and other stakeholders.

Godrej Properties intends to spend Rs 400 crore to purchase about 10% of DB Realty (DBR) and to establish a Rs 600 crore 50-50 joint venture to execute slum restoration projects,

Chandigarh-based Proptech Start-up POPT Secures Funding From MRW Ventures and Riar Holdings USD 2 million Valuation

Arvind SmartSpaces, the Lalbhai Group's property development arm, has bought a 35-acre land piece in Pune for Rs 100 crore to create its second residential project.

The subsidiary of Japan’s Kansai Paint has purchased a whole ground floor of commercial office space spread across 35,000 sq ft in real estate developer Marathon Group’s commercial real estate project in Lower Parel called Marathon Futurex on Delisle Road.

DLF Ltd reported a 15% decline in overall net profit to Rs 379.49 crore for the December 2021 quarter, but nearly quadrupled sales bookings to Rs 2,018 crore due to high demand for its premium houses.

Global tech giant Google plans to establish a new office in Pune enabling it to employ cloud product engineering, technical support, and global delivery centre teams in the second half of 2022. This is a significant real estate deal and an important development for Pune real estate.

The HDFC Capital Affordable Real Estate Fund-3 (H-CARE-3) is one of the largest funds formed in India to invest in residential real estate, with investors pledging more than USD 1.22 billion toward the first closing of the first tranche.

The City and Industrial Development Corporation (CIDCO) has begun construction on a 5,730-unit mass housing development in Navi Mumbai's Taloja node, an official said recently.

National Standard India's shares, which are controlled by the Lodha Group, plummeted 5% on 27th January 2022, the day's lowest price. This was because the company was going to merge with the Lodha Group's main business, Macrotech Developers.

It is definitely not a secret that the real estate industry in India has gone through a lot of stress in the recent past and is still in the midst of a recovery. It does require all the support that it can and this budget could be a turning point.

How will the Juhu real estate market get affected with AAI reintroducing height restrictions and the stalling of redevelopment of certain Buildings Near Juhu Airport?

The Yamuna Expressway Authority's residential plot programme, announced in December last year near the impending Jewar airport, concluded on January 24 after receiving more than 30 times the response.