News

Bengaluru-based Prestige Group, a real estate giant, is planning to transform urban landscapes across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Goa. With a Bengaluru trial project, they are also targeting elder living.

In a bold initiative to demonstrate openness and regulatory supervision, MahaRERA deregistered seven key projects throughout the state. Developers recognise budgetary restrictions and lacklustre reception to their offers.

Hamas' multifront war on Israel, a geopolitical curveball, is expected to impact India's booming real estate market. Industry experts warn that this unforeseen battle may temporarily halt Israeli investment coming into Indian real estate, which has been growing 20-30% annually.

The Uttar Pradesh Real Estate Regulatory Act (UP-RERA) has improved transparency and strengthened real estate project bank account banking. A recent State Level Bank Committee (SLBC) statement stressed the need of managing these accounts according to RBI and RERA Act guidelines.

Maruti Suzuki, the largest automobile manufacturer in India, has leased 270,000 square feet of Tag Avenue in Gurgaon

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to introduce a transformative framework aimed at enhancing transparency and quality assurance within the real estate sector.

Despite global economic uncertainty, the Indian office space market is expected to grow significantly between 2023 and 2025. According to CBRE, developers are confident about adding over 165 million sq. ft. of office space by 2025, exceeding the 142 million constructed in the preceding three years.

Mahindra Lifespace Developers has made a significant move by acquiring 5.38 acres of prime land in the vibrant Wagholi neighborhood of Pune. This strategic acquisition promises a remarkable development potential of over 1.5 million square feet of saleable area.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has chosen to deregister five real estate projects across Maharashtra state.

In a significant real estate move, the National Securities Depository Limited (NSDL) has secured a sprawling 68,000 sqft office space in Mumbai's prestigious Bandra-Kurla Complex. The deal, worth an estimated Rs 198 crore, was inked with IDFC First Bank.

The Reserve Bank of India's Monetary Policy Committee recently announced its decision to maintain the repo rate at 6.5%. This decision has garnered various reactions from the Indian real estate sector

In a grand real estate move, Bollywood's acclaimed actor, Manoj Bajpayee, alongside his wife Shabana Bajpayee, has made a significant investment in Mumbai's prime Oshiwara district.

The Indian real estate giant Ashiana Housing Ltd. is planning a major expansion. The business wants to spend Rs 700 crore in two luxury home projects in Jaipur and two senior living projects in Chennai.

The Goregaon West fire in Mumbai killed seven people. A level-2 fire started in the seven-story Jai Bhavani building around 3.05 am on Friday. Five individuals are in serious condition after 44 were injured in the disaster.

SMFG India Credit Ltd., an affiliate of Sumitomo Mitsui Financial Group (SMFG), and Fullerton Financial Holdings (FFH), an established NBFC, have signed a major leasing agreement with Embassy Office Parks REIT.