Purvarang Society at Mulund Sets An Example in Self-Redevelopment
Mulund's Purvarang Society encouraged self-redevelopment out of fear of fraud, an encouraging gesture. This bold move resulted in the destruction of their old building and a lavish groundbreaking ceremony.
- Admin
- 12th Apr 2024
Phoenix ARC Acquires Stressed Real Estate Loans from IIFL in a Boost for Recovery
Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.
- Admin
- 10th Apr 2024
Decoding The Demand For Green Office Spaces in India
Due to decarbonisation ambitions, more Indian enterprises are prioritising eco-friendly commercial real estate. Green office space demand is outpacing supply in India's key property markets, signalling a new age of corporate environmental conscience.
- Admin
- 9th Apr 2024
Singapore Based Ascott Unveils Premier Serviced Apartments in Gurugram, Expanding its Indian Portfolio
The Ascott Limited, Singapore's hospitality giant, launches Citadines Paras Square Gurugram in North India via a strategic partnership with Paras Buildtech. Ascott's first hotel in the dynamic area expands its Indian portfolio to 18 hotels in Bangalore, Hyderabad, Pune, Goa, and Chennai.
- Admin
- 7th Apr 2024
Indiabulls Real Estate Gets INR 1160 Crore Boost from Embassy Group
Embassy Group invested Rs 1,160 crore in Indiabulls Real Estate. Preferential allocation brings additional cash into Indiabulls, enabling new South Indian real estate developments.
- Admin
- 7th Apr 2024
Bangalore Based Puravankara Sets a New Benchmark With a Record-Breaking INR 5914 Crore Sales in FY24
Purevankara outperformed itself in 2024, selling Rs 5,914 crores, up 90% from Rs 3,107 crores in FY23. Customer collections increased by 60% to Rs 3,609 crores from Rs 2,258 crores last year.
- Admin
- 7th Apr 2024
IKIGAI Goa is a Senior Living Project You Have Been Waiting For
IKIGAI Goa, a pioneering senior housing property near Panjim, Goa's dynamic capital, is proudly launched by Manasum Senior housing and Prescon Homes. IKIGAI Goa will open within 90 to 120 days with 240 luxurious, fully serviced one- and two-bedroom homes for contemporary seniors.
- Admin
- 7th Apr 2024
Two Tunnels on The Goregaon-Mulund Link Road Will Help in Faster Travel
The Goregaon-Mulund Link Road will reduce Mumbai's traffic. This unique project, which includes two subterranean tunnels 4.70 km from Goregaon East, will speed up transit.
- Admin
- 6th Apr 2024
MahaRERA Record - Over 4000 Projects Registered in 2023-24
MahaRERA reached a milestone in 2023-24, registering 4,332 projects from 5,471 applicants. Officials stressed that the remaining applications are being carefully reviewed to ensure project integrity and compliance.
- Admin
- 6th Apr 2024
Breach Candy Traffic Woes Intensify with Coastal Road Interchange Challenges
Residents of Breach Candy in South Mumbai are frustrated by traffic congestion caused by the adjacent junction on the Mumbai Coastal Road. The Coastal Road's advantages aside, neighbours say a design mistake, specifically the absence of direct interchange access, has exacerbated their journeys.
- Admin
- 6th Apr 2024
Prestige Group Secures Prime 21-Acre Land in Whitefield for Luxury Residential Development
The Prestige Group, a renowned Indian real estate developer, has carefully bought 21 acres of prime Whitefield, Bangalore property. For the firm, this Rs 450 crore acquisition signifies a major expansion in one of the city's key IT corridors.
- Admin
- 6th Apr 2024
Co-working Spaces Jump to Second Place in Office Leasing in India for Q1 2024
Flexible space operators became the second-largest office leasing industry in the January to March quarter of 2024, a major change. To suit worldwide corporate needs, the sector's growth has increased.
- Admin
- 6th Apr 2024
Prestige, Kotak, Abu Dhabi Investment Authority Partner For INR 18000 Cr Development Projects
In a Rs 18,000 crore ($2.4 billion) initiative with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund, Prestige Group is developing residential projects in India. Partners will spend Rs 2,001 crore ($270 million) to accelerate early-stage housing developments.
- Admin
- 3rd Apr 2024
Why Gudi Padwa is the Best Time to Invest in Real Estate? Find out more with Ghar
The Marathi New Year, Gudi Padwa (Ugadi in certain southern regions), is celebrated with considerable fervour throughout India. These days represent fresh beginnings and promise, making them suitable for big purchases like homes.
- Admin
- 31st Mar 2024
Understanding The Growth in Navi Mumbai Rental Market - A Comprehensive Analysis
Navi Mumbai's rental market is transforming into a vibrant city. This brief summary discusses the unanticipated rise in rental costs due to greater connection, a booming IT industry, and a shortage of ready-to-move homes.
- Admin
- 31st Mar 2024
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