News

The Leasable Area of Listed Real Estate Investment Trusts - REITs in India Increases in 2022

Homesfy Realty, situated in Thane, has received INR 9 Cr from early-stage growth investors.

MAK Projects was named "Sustainable Project of the Year in India" at the World HRD Congress held at the Taj Lands End in Mumbai.

Rustomjee Developers intends to acquire 20 residential projects and anticipates adding around half of them to its portfolio in the near future.

This is a positive news on the Bangalore real estate front that Shriram Properties has purchased all of Suvilas Realities' shares via its wholly-owned subsidiary, Shriprop Builders.

Royal Green Realty launched the Royal Green County mixed-use project in Bahadurgarh, Haryana, on its second foundation day. The 42-acre project was approved for construction.

91Springboard's first Platinum Hub is in Gurugram's Vatika Triangle. This 300-workstation coworking facility offers several services.

Runwal Avenue in Kanjurmarg East, Mumbai, has the Liberty residential skyscraper by Runwal Group. The 36-acre Runwal City Centre mixed-use development is 300 metres from Kanjurmarg railway station. 

Trident Realty's integrated luxury township Trident Hills opened in Panchkula. The company bought 200 acres in Panchkula and plans to spend Rs 3,000 crore over seven to eight years to build an integrated luxury township.

Nashik Credai Eknath Shinde, the Chief Minister of Maharashtra, participated virtually as Metro opened its flagship real estate Expo, SHELTER 2022.

The Dedicated Freight Corridor Corporation of India (DFCCIL) would build a multimodal logistics park for cargo handling in Kanpur, Uttar Pradesh.

Shriram Housing Finance, a subsidiary of Shriram City Union Finance, wants to buy a smaller affordable housing lender, but a value mismatch may be an obstacle.

Due to rising demand and a lack of fresh inventory, more Indian hotels are rebranding. According to hoteliers, the pandemic sparked rebranding as asset owners sought brands to manage their hotels or contemplated moving to competitor brands.

Cidco's e-auction of 28 Navi Mumbai plots netted Rs 1,365 crore. Sector 20, Palm Beach Road, Sanpada property sold for Rs 5,54,500/sq m.

Stamp duty and registration fee revenue in India rose 35% from INR 70,120 crore in H1 FY 2022 to INR 794,847 crore in H1 FY 2023.