News

The Odisha government on Thursday directed all urban local bodies (ULBs) to spend 25 percent of their budgetary allocation on the development of slum areas.

The development of green buildings should be promoted across the country and a campaign should be run to create awareness that difference in construction costs for such properties and conventional ones is marginal, a senior government official said on Thursday.

CSE or the Centre for Science and Environment, one of the reputed Indian think tanks, has named Bangalore as one of the Top Liveable cities amongst India's state capitals.

Trichy: TNHB or Tamil Nadu Housing Board started the construction of High Rise Residential projects. The project is being constructed for HIG or High Income Group with 14 floors and 56 units.

One of the biggest real estate developers in India The Lodha Group also referred to as Macrotech Developers, is in genuine discussions with India’s largest mortgage lender HDFC to enter into an agreement to develop a 14 lakh sq ft commercial office project in Andheri.

The state cabinet decided on 23rd June 2021 that the Maharashtra Housing Area Development Authority will now be incharge of the development of Siddharth Nagar (Patra Chawl) at Goregaon West.

Navi Mumbai Real Estate market will surely welcome this news with open arms. CIDCO has recently announced that it will put up around 182 Small And Medium Residential Plots for sale. This will indeed boost property developments in Navi Mumbai further.

This is definitely a good step being taken by one of the biggest real estate development companies in India. Real estate developer Alpha Corp will invest close to Rs 1,000 crore in reviving 10 stuck projects in Delhi-NCR.

Indian Film actor and living legend Amitabh Bachchan has bought a duplex apartment spread over 5,184 sq ft in an under-construction project Atlantis in Mumbai’s Andheri suburb for Rs 31 crore. The deal, which attracted stamp duty of Rs 62 lakhs, was finalised in December and was concluded recently.

In the backdrop of the disruption caused by Covid-19, the government will look into the demands of the real estate industry, including an extension of project completion timeline by 6-9 months and extension of building permissions secured already as per Ministry of Housing and Urban Affairs.

ASK Property Investment Advisors (ASK PIA) has invested in an upcoming real estate project in Pune in Baner locality spread on a 16 acre land parcel. This project is being developed by Kalpataru and will comprise of 1,200 residential units with a saleable area of approximately 1.9 million sq ft.

Macrotech Developers (Lodha Group) has got permissions to develop a massive integrated township covering more than 1200 acres close to Navi Mumbai.

This new residential project in Borivali West will bring almost 1 million square feet of development on the table for Sunteck Realty. The approximate revenue to be churned in the next four to five years is estimated to be somewhere close to INR 1700 Crores and beyond.

Piramal Group increased its initial bid for Dewan Housing Finance Corporation by around INR 2,000 crore more while the United States headquartered asset management company Oaktree Capital upped its initial offer by INR1700 crore more.

One of the major reasons for this big step is to raise funds from the market to decrease its current debt and accelerate its growth in the coming days and months and years.