ED raids come less than a month after the Anti-Corruption Bureau of Haryana registered a corruption case against Panchkula-based Special Judge Sudhir Parmar Source: Business Line…
View More Enforcement Directorate searches M3M, IREO Group for siphoning off investors moneyCategory: Real Estate
Sobha to construct 1,000 houses as part of community home project
Of this, 100 houses – each costing ₹15 lakh – are being constructed in the first phase under the aegis of its philanthropic wing Sri Kurumba Educational & Charitable Trust Source: Business Line…
View More Sobha to construct 1,000 houses as part of community home projectShare of flex space in corporates’ real estate portfolio rises to 10-12% from 5-8% pre-Covid: Colliers
Many corporates in Asia Pacific are deferring decisions on taking office space on lease as they are grappling with the complexities of the hybrid work model Source: Business Line…
View More Share of flex space in corporates’ real estate portfolio rises to 10-12% from 5-8% pre-Covid: ColliersLodha plans a REIT to monetise digital infrastructure platform
The digital infrastructure platform is mandated to invest $1 billion to create 30 million square feet of operating assets, including logistics and industrial parks, as well as in-city fulfilment centres Source: Business Line…
View More Lodha plans a REIT to monetise digital infrastructure platformEV manufacturing to drive demand for 13 mn. sq. ft. of real estate by 2030: CBRE
EV battery manufacturing facilities are expected to increase and will require 2,400 acres of land to accommodate the production of 200 GWh of batteries by 2030 Source: Business Line…
View More EV manufacturing to drive demand for 13 mn. sq. ft. of real estate by 2030: CBRECREDAI urges Centre to remove GST on flats given free of cost in redevelopment projects
A delegation from CREDAI and CREDAI-MCHI has met Union Finance Minister Nirmala Sitharaman and made a formal representation in this regard Source: Business Line…
View More CREDAI urges Centre to remove GST on flats given free of cost in redevelopment projectsStrong recovery in residential housing sector driven by pent-up demand and robust consumer sentiment: RBI report
Burgeoning credit growth, particularly in housing and personal loans, indicates steady domestic household demand. Source: Business Line…
View More Strong recovery in residential housing sector driven by pent-up demand and robust consumer sentiment: RBI reportPeninsula Land turns profitable in FY23, slashes debt
Peninsula Land registers net profit of ₹56 crore in March quarter, against loss of ₹53 crore a year ago Source: Business Line…
View More Peninsula Land turns profitable in FY23, slashes debtMajority of Indian companies expanded office space over the past two years: report
Globally, a majority (74 per cent ) plan to increase their footprint in the next two years, suggesting that the office is far from redundant in the hybrid working model, the report noted. Source: Business Line…
View More Majority of Indian companies expanded office space over the past two years: reportShriram Properties sees 20 per cent revenue growth in FY24
The company expects to launch 11-13 projects in the current fiscal year Source: Business Line…
View More Shriram Properties sees 20 per cent revenue growth in FY24Prestige Estates buys out DB Realty’s stake in two projects in Mumbai
Prestige Estates has also bought out DB Realty’s stake in Turf Estate Joint Venture for ₹197.8 crore. Source: Business Line…
View More Prestige Estates buys out DB Realty’s stake in two projects in MumbaiTata Realty ropes in Abu Dhabi-based Tabreed for cooling system
Tabreed India to invest ₹100 cr in 30-year cooling project for Tata Realty’s Intellion Park in Gurugram Source: Business Line…
View More Tata Realty ropes in Abu Dhabi-based Tabreed for cooling systemReal estate sector needs to tap finance from banking system not homebuyers: Housing ministry
In the absence of a system to segregate good borrowers from bad ones, all players are treated as unreliable by the banks, says Manoj Joshi, Secretary, Ministry of Housing and Urban Affairs Source: Business Line…
View More Real estate sector needs to tap finance from banking system not homebuyers: Housing ministrySobha reports Q4 PAT of ₹47.1 cr
During the quarter, it handed over 854 units comprising 1.36 million square feet of saleable area in Q4FY23 Source: Business Line…
View More Sobha reports Q4 PAT of ₹47.1 crMaxheights Infra Q4 net loss narrows to ₹26.84 lakh
Maxheights Infra’s total revenue drops to ₹1.39 crore from ₹1.43 crore in Q4 Source: Business Line…
View More Maxheights Infra Q4 net loss narrows to ₹26.84 lakh