News

The Confederation of Indian Industry (CII) has announced the upcoming Excon 2023 in Bengaluru, a monumental event that solidifies South Asia's standing in the construction equipment domain.

The second phase, "Bastion at Mahindra Citadel", was theatrically unveiled. Through a stunning drone show above Pune, the business painted a QR code in the night sky, giving viewers a virtual entryway to the Metaverse.

The state-owned construction giant NBCC sold 4 lakh square feet of premium office property in Nauroji Nagar, South Delhi, in a landmark real estate deal.

Gurugram, known for its modernism and progress, will get another iconic housing project. Signature Global, a real estate giant, bought a 25.75-acre plot in Fazilpur. On this freshly purchased site, the business plans to develop an ambitious group housing project to raise the standard.

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