News

The residential sector in India has experienced extraordinary growth, particularly in the luxury housing market.

To leverage on increased housing demand, Macrotech Developers Ltd. will build 22 new projects in Mumbai Metropolitan Region (MMR), Pune, and Bengaluru by March 2020, with an expected sales income of Rs 12,560 crore.

Brookfield India Real Estate Trust is selling private placement units to institutional investors to earn up to Rs 3,500 crore to buy two Gurugram and Mumbai properties.

Reliance Industries (RIL) has entered into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian platform designed for the development of data centres across India.

K Raheja Corp, one of India's major real estate development companies, spent Rs 130 crore to buy a 3.72-acre block of land on LBS Marg in Mulund West, Mumbai, according to Mumbai real estate news.

Lavasa, the luxurious and private planned city in the Western Ghats of India, has been sold to Darwin Platform Infrastructure with the clearance of the National Company Law Tribunal (NCLT).

Gurugram's real estate market is competitive and the Competition Commission of India (CCI) has found that M3M does not dominate this market.

According to records acquired by Propstack, Wells Fargo International Solutions, a part of the US financial services major Wells Fargo, has extended its lease for more than 3.7 lakh square feet (sq ft) of commercial office space on 10 floors in Hyderabad for five years.

Demand for e-commerce companies decreased as the pandemic subsided, whereas brick-and-mortar competitors rented 14% more space from January to June as demand increased.

The Bengaluru-based Prestige Group acquired 2.3 acres of land in Bhuleshwar, Mumbai, from Marine Drive Hospitality and Realty Pvt Ltd, a subsidiary of DB Realty

Lykli is poised to become a key destination for entertainment, social connections, and retail rehabilitation in the lucrative Indian market, as consumers seek immersive purchasing experiences and a diversity of offerings under one roof.

The potential impact of the Karnataka government's decision to allocate a 300-acre plot near Bengaluru's international airport to Foxconn for an iPhone assembly unit, on the real estate markets of Devanahalli and Doddaballapur could be huge.

Axis Asset Management Company, the mutual fund investment unit of Axis Bank, has leased two floors of One Lodha Place, a Macrotech Developers-built commercial skyscraper in Lower Parel.

Bollywood star Kartik Aaryan bought a Juhu flat for INR 17.50 crore, one of the most expensive per-square-foot deals.

Hinduja Realty Ventures, the property arm of the Hinduja Group, has leased office space from Tata Communications Limited in Mumbai's Bandra Kurla Complex (BKC).