News

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.

The Office Pass (TOP), which presently operates 12 coworking spaces in the Delhi-National Capital Region, wants to construct a new office in Gurgaon by the end of November 2022.

The Bombay High Court heard a PIL asking the court to direct the Registrar of Cooperative Housing Societies to set rules for installing electric vehicle (EV) charging stations in co-op housing societies.  The court notified the parties and ordered a hearing on January 6, 2021.

Bhive, a Bengaluru real estate developer, lowered the minimum investment for retail investors to buy commercial space in its pre-leased Grade-A building at Brigade Metropolis, Whitefield from Rs 10 lakh to Rs 5 lakh.

Godrej Properties, one of India's largest real estate developers, has sold Rs 500 crore with its new project in Hinjewadi, Pune. The company has sold 675 or more 6,900-square-foot homes for the September 2022 project.

Kolte-Patil Developers (KPDL), a Pune-based real estate business with offices in Mumbai and Bengaluru, has signed an investment deal with Marubeni Corporation, Japan.

NoBroker.com constructed a 3,500-square-foot experience centre in Gachibowli, Hyderabad. At the experience centre, customers can design or redesign their space through tactile interaction.

Kochra Realty developed the Bandai East residential property Estado. The 20-story structure has two wings and offers 2-3 BHK flats starting from700 square feet of carpet area.

HDFC Capital Advisors, a subsidiary of India's largest private mortgage lender, has chosen 15 Indian firms for its property technology fund, H@ART.

Abu Dhabi Investment Authority (ADIA) invested $500 million in Kotak-Investment Advisors' $1 billion real estate fund in Mumbai.

South Indian Bank sold real estate developer Paras Buildtech a two-acre land in Noida's sector 129 for 791 crore, according to a top official of the business.

Sajjan India promoter Madhav Prasad Aggarwal and his wife Sushma bought a sea-view luxury duplex in Mumbai's Worli neighbourhood for over Rs 153 crore, making it one of 2022's most expensive residential unit transactions.

In the second half of 2023, India's largest real estate developer, Macrotech Developers (Lodha Group), will launch 16 new projects with a total sales potential of Rs 10,300 crore.