News

Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.

Dedicated Monitoring Unit RequestThe Ministry of Housing should create a body to manage all state Real Estate Regulatory Authorities, according to a national homebuyers association. This suggestion was presented at a meeting with the Ministry of Housing and Urban Affairs.

February 2024 saw record property registrations in Mumbai's real estate market. Under the Brihanmumbai Municipal Corporation's (BMC) authority, 12,040 units were registered by 8 p.m. on Thursday, with predictions of a little rise.

Magicbricks has introduced MagicHomes, a fresh way to help you find the latest housing projects across India's big cities. Whether you're looking in Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Pune, Ahmedabad, or Chennai, MagicHomes is here to make your search easier.

In Mumbai, a big project to connect two important bridges, Gokhale and CD Barfiwala Flyovers, is facing delays. The city's officials have shared that finishing this task might take until the end of the year. This news means more traffic jams for people driving on SV Road, especially when it rains.

Awfis, India's leading flexible workspace provider, opened its largest facility in Bhubaneswar, Orissa, to promote creativity and cooperation. The breadth of Awfis's network makes it the leader in flexible workplaces, and its expansion development and potential in Tier II cities of India.

Shapoorji Pallonji Real Estate heralds the launch of Sequoia, the crowning glory of Parkwest 2.0, nestled in the heart of Binnypet, Bengaluru. This launch marks a significant milestone, completing the illustrious ~46-acre sanctuary.

The solar energy leader Waaree Energies has partnered with Mahindra Susten, a renowned renewable independent power provider, in a milestone deal. With Mahindra Susten receiving 280 MW of Waaree Energies' cutting-edge solar modules, this agreement will boost India's clean energy potential.

Signify, the global lighting leader, officially launches the Philips Smart Light Hub in New Delhi. This unique business is an Experience Centre that provides a complete shopping experience. Signify is transforming lighting into an immersive and interactive experience.

Larsen & Toubro's Buildings & Factories Division has recently secured a contract from a prominent real estate developer, marking a significant addition to their portfolio. The contract's scope involves the construction of multi-story residential towers in Thane.

MO Alts is happy to announce the inaugural closure of its sixth real estate fund, India Realty Excellence Fund VI (IREF VI), a major milestone in its journey. The fund raised Rs 1,250 crore in its first phase, meeting its Rs 2,000 crore aim.

With the completion of the Coastal Road project, Mumbai, known for its energy and drive, is about to change. This modern motorway along Mumbai's western shoreline is expected to change the metropolitan environment, particularly in luxury residential areas.

In one week after opening, Tata Housing sold out Raagam Phase 1, earning over Rs 650 crores. This amazing sale of 576 plots encompassing 9 lakh square feet shows Bengaluru's significant demand for luxury residential areas.

L&T Construction has won a major contract to build multi-storied residential buildings in Thane, Mumbai. This project highlights the company's leadership in high-rise building and dedication to urban improvement.

The Elan Group's next project with BENOY, a world-renowned architecture company, will redefine Gurugram luxury shopping. This project introduces cutting-edge ideas to alter Gurugram's architecture.