Page 143 - Real Estate

Moving ahead with Gati Shakti

Allowing the private sector even a limited access to the platform will make Gati Shakti universal in its appeal and effectiveness

Merlin Group plans to develop a World Trade Center in Kolkata

The oldest World Trade Center in India is in Mumbai. There are Centers in Bangalore, Chennai, New Delhi, Noida, Pune, among others

Metros continue to dominate Tier-2 cities in residential real estate market

The year 2022, saw maximum residential property sales in the last eight years, with total absorption increasing by 28 per cent year-on-year, according to a recent report

Urban centres to double in 25 years, helping real estate: Civil servant

With increasing urbanisation from 12 to 30 per cent, the next 20 years could see more development than in the last 50 years

TMS Ep393: Credit Suisse crisis, real estate, bank stocks, Toshakhana case

Will the Credit Suisse crisis affect India? What does real estate tell us about Indian economy? How should investors approach bank stocks? What is the Toshakhana case against Imran Khan? Answers here

Rajasthan govt auctions eight sandstone plots for Rs 46.61 crore

The bidders will deposit 40% of the amount that Rs 59.32 crore in the treasury in this financial year, that is by March 30, 2023

Ganga Realty to invest Rs 750 cr to build affordable housing project

Real estate firm Ganga Realty will invest Rs 750 crore to build an affordable housing project in Gurugram. The company will develop 2,972 apartments in new project 'Tathastu', which is spread over 22 acres in Sector 5, Sohna-Gurugram. The price of the apartment starts from Rs 25 lakh. "The company will spend Rs 750 crore to build an affordable housing project," Ganga Realty said in a statement. Vikas Garg, Joint Managing Director of Ganga Realty, said the total project cost is Rs 750 crore and this will be funded through internal accruals and customer advances. The project is expected to be delivered by the first quarter of 2027. Garg noted that Sohna is primarily an end user driven market. In affordable housing segment, realty firm Signature Global is a leading player in the Gurugram market. According to property consultant Anarock, sales of residential properties in Gurugram jumped over two-fold to 32,617 units during 2022 on higher demand across all price categories affordab

DLF to invest Rs 3,500 cr in next 4 yrs on housing project in Gurugram

Realty major DLF will invest around Rs 3,500 crore over the next four years to construct a new luxury housing project in Gurugram as its seeks to tap strong demand for residential properties. DLF will develop a new group housing project 'The Arbour', which is spread over 25 acre and comprises 5 towers with a total of 1,137 premium apartments. DLF, the country's largest real estate firm in terms of market cap, sold all 1,137 units, each costing Rs 7 crore and above, for over Rs 8,000 crore within 3 days (February 15-17). In an interview with PTI, DLF Ltd CEO Ashok Tyagi said, "We will develop around 4.5 lakh square feet area in this new project." Asked about the construction cost, he said it will be between Rs 7,000-8,000 per square feet given the amenities promised in this luxury project. Tyagi said the overall construction cost has shot up due to increase in prices of key materials like cement and steel. The total construction cost will be around Rs 3,500 crore over the next fou

Saheel Properties - A rapidly increasing, and progressively growing Real Estate Developer of Pune!

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HARERA revokes agent's RERA registration obtained on forged documents

The HARERA has also marked an inquiry into the matter taking instant cognizance of the complaint in this regard

DLF's luxury high-rise witnesses pre-launch sales of more than Rs 8,000 cr

Real estate major DLF has witnessed a record breaking pre-formal launch sales of more than Rs 8,000 crores for its luxury high-rise ;The Arbour' project in just 3 days

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose

Mindspace raises Rs 550 cr through green bond to finance projects

Issue had participation from leading insurers, mutual funds, other investors: Real estate firm

M3M buys land in Noida for Rs 250 cr to develop commercial project

Real estate firm seeks top line of Rs 1,200 crore from project to be completed in 2 years

Real estate market's hall of mirrors no fun house, but mood upbeat

Despite multi-year low valuations, brokerages see rise in demand and fall in inventory

Changing Mohali's Skyline with his Futuristic Approach - Gaurav Goyal

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Max Estates to invest Rs 3,400 cr to develop 4 projects in Noida, Gurugram

Max Group's realty firm Max Estates will invest around Rs 3,400 crore over the next five years to develop two housing and two commercial projects in Noida and Gurugram as part of its expansion plan. Max Estates, which is subsidiary of Max Ventures and Industries Ltd (MaxVIL), has developed three premium office complex in Noida and Delhi, comprising around 15.5 lakh square feet area and one small boutique luxury housing project in Dehradun. "We have entered into residential real estate segment. We have acquired one land parcel in Noida and entered into a joint development agreement with landowner for a housing project in Gurugram," MaxVIL MD and CEO Sahil Vachani told reporters here. He said the company would launch housing project in Noida in July comprising 250 units, while the one in Gurugram, having 1,200-1,400 units, will be launched next year. That apart, Max Estates will develop two office complexes in Noida and Gurugram comprising 26 lakh square feet leasable area. Asked ab

Second commercial project in Chennai almost complete, says realty major DLF

Realty major DLF is in advanced stage of completing its second commercial project 'DLF Downtown' being set up at an outlay of Rs 3,200 crore in the city in a move that would strengthen its presence here, a top official said on Friday. The project aimed at serving clients engaged in the information technology (IT) and information technology enabled services (ITeS), banking, financial services and insurance sectors (BFSI) was expected to be completed by the end of the year, DLF Rental business managing director Sriram Khattar said here. DLF Cybercity Chennai, the first project undertaken by the realty developer in Chennai, on Friday marked the completion of 15 years of operation at Manapakkam in the city. A recreational and social venue 'The Hub' spread across five lakh sq ft land inside the campus of DLF Cybercity Chennai was also unveiled on the occasion. "DLF Downtown is coming up at Taramani at an outlay of Rs 3,200 crore. It is expected to commence operations before the end of th

Real estate becoming unviable due to high construction cost: Tata Realty MD

The development of real estate projects in India is becoming unviable due to high cost of land, capital and construction, along with other economic uncertainties, said Sanjay Dutt, MD & CEO of Tata Realty and Infrastructure Ltd. Dutt, who also heads Tata Housing, said the government as well as judiciary should hold accountable all stakeholders that are involved in approval and development of real estate project to make things easier. Real estate projects are on the verge of becoming unviable, he remarked. When asked about the factors making projects unviable, Dutt pointed out, "Real estate requires a lot of capital in India, first of all to acquire land. In major cities such as NCR, Mumbai and Bengaluru, it (land cost) is almost 50 per cent to 80-85 per cent of the project cost." He mentioned that it takes another 2-3 years in designing the project and getting all regulatory approvals to start construction and marketing activities. Dutt said the cost of capital varies a lot, from

Square Yards raises Rs 112 cr from HNIs for office space in Hyderabad

Proptech firm Square Yards, which recently entered into the business of helping investors in having fractional ownership of commercial properties, has raised Rs 112 crore from high net-worth individuals for the purchase of over 1 lakh square feet office space in Hyderabad. This is the first property being offered by the company to investors for fractional ownership, said Square Yards which is mainly in the property and loans brokerage business. PropsAMC, the asset management services and data intelligence arm of Square Yards, has raised Rs 112 crore for its first Grade A commercial project in Hyderabad, according to a statement issued on Sunday. The project is Square Yards' maiden venture into the fractional product category, with an average investment of Rs 40 lakh from a pool of over 250 investors. This over Rs 100 crore AUM (asset under management) milestone is a testament to the unbridled faith reposed by investors on our platform... " said Tanuj Shori, founder and CEO of Squar