News

In the three months ending December 2021, Macrotech Developers recorded a 24% rise in consolidated net profit to Rs 286.38 crore. According to a regulatory filing, the real estate development company's net profit in the prior year was Rs 231.71 crore.

Lodha Group, one of India' leading real estate developer, recently stated that it secured pre-sales of Rs. 4500 crore in the October-December quarter of 2021, including Rs. 2,608 crore from projects in India and £191 million or Rs. 1900 crore from projects in the United Kingdom.

Google has paid USD1 billion for a colorful office space in London while it waits for construction of its long-delayed U.K. headquarters to be completed.

This is surely good news for commercial real estate in India. According to prominent real estate companies, office gross absorption in India's top six cities was over 33 million square feet, a 10% increase over 2020.

According to recent real estate reports, the US technology company Hewlett Packard has leased around 1.8 lakh square feet of office space in Chennai in order to consolidate and grow its operations in the South Indian metropolis.

Ajmera Realty luanches a New Real Estate Project in Wadala Mumbai. This will surely boost the overall real estate market in Wadala and surrounding areas.

Bengaluru Based Real Estate Company Embassy Group Leases 4.63 Lakh sq ft office Space to Allianz in in Thiruvananthapuram Kerala. This lease deal consolidates Thiruvananthapuram's position as one of South India’s leading IT/ITeS (Information Technology and IT-enabled Services) locations.

The Gurugram Metropolitan Development Authority (GMDA) has made the decision to adopt a long-term environmental strategy. The strategy, according to authorities, will be ready by June of 2022.

Leading Indian real estate developer & property Development Company Oberoi Realty has acquired a plot of land admeasuring close to 4.2-acre in Bhandup in Mumbia’s central suburb for Rs. 115 cr.

Arihant Superstructures is a listed real estate developer with a special focus on affordable housing development and is planning to expand its real estate portfolio 2 times and reach around 20 million sq ft by 2023 end.

It is a legal notice served on the owner or occupier/tenant of a property to inform them of the violation of local laws pertaining to maintenance of the property.

Property rates across Mumbai harbour have soared after the Covid-19 pandemic and the resultant lockdown, especially in the sleepy coastal town of Alibaug.

Managed office space provider Smartworks has leased around 200,000 sq ft to five companies in its new flexible workspace centre in suburban Pune’s Baner area.

When it comes to construction and real estate development, the term FSI is a very important one. The definition of FSI (also referred to as FAR) is supposed to be the ratio between the total area of the plot and the total area of the building.

After the successful delivery of the phase 1 of their landmark project VKG Krishna Residences at Chakala Andheri East, Vijay Khetan Group, one of the prominent real estate groups in Mumbai will soon be launching its second phase.