News

Equinix, a Nasdaq-listed digital infrastructure leader, has acquired the Chandivali land housing its 6MW MB2 data center for ₹155 crore, strengthening its India expansion strategy with plans for further investments in metro city data centers.

In compliance with a Bombay High Court directive, 41 illegal buildings in Nalasopara East’s Agrawal Nagari, built on 30 acres of reserved land, are being demolished. The first phase of the operation rendered over 50 families homeless as municipal authorities cleared 7 buildings despite protests.

K Raheja Corp Investment Managers, the manager of Mindspace Business Parks REIT, has resolved a regulatory case with SEBI by paying ₹68.73 lakh as a settlement fee. The matter pertained to alleged REIT rule violations, and the company settled without admitting or denying SEBI’s findings.

Nippon Life India Asset Management has acquired two premium floors in Mumbai's One Lodha Place, Lower Parel, for ₹486 crore, marking a landmark deal in the city’s prime real estate market.

Equity investments in Indian real estate are set to cross $10 billion (₹1,000 crore) for the first time. Inflows reached $8.9 billion from January to September 2024, up 46% year-on-year, driven by strong domestic investor participation and a jump in deal volumes to 200 from 151 in 2023.

Colt DCS and RMZ Corporation have partnered on a $1.7 billion venture to bolster India’s digital infrastructure, meeting the surging demand in the country’s growing digital economy.

Proposed IBC reforms by IBBI aim to resolve delays, ensure fair claims, and enhance transparency, offering relief to homebuyers and strengthening the real estate resolution framework.

The construction ban in the National Capital Region (NCR) due to worsening air quality has raised concerns among industry leaders. While the ban aims to combat pollution, it threatens project deadlines, livelihoods, and economic stability. Ghar finds out more..

Bombay HC directs Maharashtra’s local bodies to link with MahaRERA portal in three months for real-time CC and OC verification, ensuring transparency and preventing forgery.

HDFC Bank, in a strategic move to streamline its portfolio, plans to sell key commercial and residential properties acquired from its 2023 merger with HDFC. Expected to generate around ₹3,000 crore, this divestment signals a shift towards core banking operations and digital growth.

A recent study highlights a gradual reduction in slum-covered land in Mumbai’s peninsular region, dropping by 8.6% over 17 years. From 47.7 sq km in 2005, the slum area declined to 43.6 sq km in 2022, revealing a dynamic transformation in one of India’s most densely populated cities.

Mumbai's luxury residential sector is a worldwide symbol of grandeur. Channel partners link developers and selective purchasers in this private sector, notably in the ultra-premium category, where knowledge and networks account for over 60% of transactions.

Mumbai's ambitious coastal road project reached a milestone this week when the 44-meter length linking the northbound coastal road to the Worli sea connection was erected. This improves city connections, although project completion is projected to take place next year.

Builder-buyer agreements must be registered after paying 10% of the property's worth, which concerns Noida and Greater Noida real estate developers. This requirement, they say, puts homeowners under a lot of financial pressure early on.

Real estate developer Lodha, formerly as Macrotech Developers, acquired Bain Capital's share in three joint digital infrastructure platforms for ₹307 crore to boost its logistics and industrial park revenue.