News

An deal was reached to buy a 100% share in Goel Ganga Ventures India Private Limited (GGVIPL) by Lodha Group, a major Indian real estate developer. After this deal, Lodha Group will hold 100% of GGVIPL.

Godrej Properties Ltd. bought a 4-acre Bengaluru plot. The business aims to build a luxury housing estate on this property, selling apartments for Rs 1,000 crore.

Commercial purchases in Bengaluru fell 14.3% to 12.5 million square feet in 2023. Knight Frank India ascribed this decline to US inflation and a slowing technology industry, which drives Bengaluru's office space demand.

MIHAN-SEZ's land dispute with DLF escalates. The Multi Modal International Cargo Hub and Airport at Nagpur (MIHAN) Special Economic Zone (SEZ) in Maharashtra has asked Gurugram-based DLF to return 140 acres of land they received in 2007. This Nagpur IT Park site has been undeveloped for over 15 year

In nine months, DLF, India's top real estate developer, met its FY24 bookings estimate. On the heels of a successful 7,200 crore flat sale in their newest project, DLF Privana South in Gurugram's Sectors 76 and 77.

Kavaratti, Lakshadweep, Prime Minister Narendra Modi unveiled and lay the foundation stone for around INR 1,150 crore developments. This enormous project encompasses technology, energy, water resources, healthcare, and education to improve the region's infrastructure and quality of life.

Prime Minister Narendra Modi inaugurated and started over Rs 20,000 crore in development projects in Tiruchirappalli to boost Tamil Nadu's economy. On January 2, 2024, these projects included rail, road, oil and gas, and shipping, signifying a major infrastructure investment in the state.

A prominent hospitality company sold a Bangalore boutique hotel via Colliers India. Colliers worked well with the Asset Reconstruction Company (ARC), Trustee, bank, buyer, and seller to complete this 150,000-square-foot transaction.

The Mumbai Trans Harbour Link (MTHL) will change Mumbai's transport dynamics. On January 12, 2024, India's longest sea bridge will cut travel time from two hours to 20 minutes. This 21.8 mile engineering wonder would connect Sewri in Mumbai to Chirle in Navi Mumbai, serving 70,000 trucks daily.

The Delhi Development Authority's two-day live e-auction for their 2023 housing programme debuted well. Buyers bought 274 units on the first day. According to a senior official, there are 129 MIG apartments, 138 super HIG flats, and seven luxury penthouses.

From January 5 to 7, 2024, CREDAI Ahmedabad will host the 18th GIHED Property Show. The Gujarat Chief Minister Bhupendra Patel and the Minister of State for Home Harsh Sanghvi will launch this important event.

In an exciting development for Nashik residents, the National Highway Development Authority (NHDA) has announced a substantial investment to transform the travel experience between Mumbai and Nashik.

In 2025, Lemon Tree Hotels will launch its Mussoorie hotel. The Queen of the Hills, Mussoorie, Uttarakhand, will get a new gem from this Lemon Tree Hotels franchise. This hotel offers stunning vistas and a Himalayan experience at 2,000 metres above sea level.

Afcons Infrastructure, the Ahmedabad Metro Phase 2 construction contractor, completed the Sabarmati River Bridge near Gandhinagar. At 962 metres, this Phase 2 Package C1 bridge connects the Gujarat National Law University (GNLU) to GIFT City.

Infracon, in partnership with Delhi Metro Rail Corporation, is the leading bidder for the Thane Depot, a significant component of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project. As the lowest bidder, the joint venture will do several responsibilities.