Page 35 - Prachi Pisal

Mumbai's iconic Laxmi Nivas bungalow gets new owner; sold for Rs 276 cr

Built by a Parsi family from Old Bombay in 1904, the colonial bungalow was sold to the Upendra Trikamdas Kapadia family in 1917 and has been their home for over three generations

Workplace business on a high as back to office becomes the new normal

While commercial real estate developers are banking on potential demand, they also believe that hybrid work culture will continue to co-exist

Fitch rates CapitaLand Trust's proposed unsecured notes of SGD200 mn 'BBB-'

Real estate company expects to use proceeds for repaying debt, general working capital and other business activities

Godrej Interio aims to ride e-commerce wave, targets 18-20% growth

The firm's parent company has planned an investment of Rs 100 crore for its digital revamp, customer experience, and sales growth through ecommerce for the next year

Blackstone to acquire 40% stake in Kolte-Patil Developers for Rs 1,166 cr

Kolte-Patil builds residential, commercial projects and has a presence in Pune, Bengaluru and Mumbai

Mumbai's Worli sees ultra-luxury deals worth Rs 4,862 cr in 2 yrs: Anarock

The locality had a total housing supply of 4,600 units till 2024, with an average price of Rs 75,000 per square foot

Indian developers buy land parcels worth Rs 39,700 crore in 2024: JLL

Investments of about Rs 62,328 crore will be needed to develop these land parcels

Roadstar InvIT may onboard strategic partner to acquire large road assets

The InvIT wants to keep all options open, with acquisitions purely based on value. However, it may preferably target assets from the NHAI

Kajol buys retail space in Mumbai's Goregaon West for Rs 28.78 crore

The property has been sold by Bharat Realty Ventures, a Mumbai-based real estate developer

Rupee fall boosts NRI investments in luxury and ultra-luxury properties

Several realty majors like DLF, BPTP, Mahindra Lifespaces, Rustomjee group and more, have seen an increase in share of NRI investments in their offerings

Akshay Kumar sells Mumbai apartment in Borivali East for Rs 4.35 crore

The 1,073 sq ft apartment was bought in November 2017 for Rs 2.37 crore

Dharavi redevelopment contract: SC seeks response from Maha govt, Adani

UAE-based SecLink Technologies had filed a plea challenging the state govt's decision to cancel its 2019 bid for the Dharavi redevelopment project and award the tender to Adani Properties in 2022

BNP Paribas leases office in Mumbai's BKC for Rs 811 per square feet

The French financial services firm will pay a total rent of Rs 28.36 lakh per month

Blackstone-Sattva JV file draft Papers for Rs 6,200 crore Reit IPO

This will be India's biggest and Asia's second-largest Reit IPO

Tesla drives into Indian mkt with showroom in Mumbai's commercial hub BKC

According to the registration documents provided by Propstack, a real estate data analytics firm, Tesla's new showroom is in Maker Maxity, with a rental of Rs 35.26 lakh per month

Cluster redevelopment in Mumbai races against time amid red tape

While the Maharashtra government has been promoting the scheme since 2018, it recently called for an audit of 13,000 cessed buildings in the Mumbai Metropolitan Region to ensure timely redevelopment

Mumbai-based Pranav Constructions files DRHP for Rs 392 crore IPO

OFS includes 28,56,869 equity shares by the promoter and investors

Mumbai property registrations fall 4% in February: Knight Frank India

11,541 property sale registrations second highest till date, contributing Rs 896 crore revenue

JSW Infrastructure seeks inorganic growth to expand logistics business

Look to invest Rs 9,000 crore as capex for logistics division

ROADIS' India unit raises $316.3 mn via dollar-denominated bond issuance

ROADIS Group, a PSP Investments owned road investment platform, fully controls the Varanasi-Aurangabad highway