business and finance

Realty firm Kolte-Patil Developers CFO Khiroda Jena resigns

Jena has resigned to "pursue professional opportunities outside the organiszation".




business and finance

Macrotech Developers’ net debt rises 43.5% in Q1 on higher capex for land, construction




business and finance

Senior living faces a supply gap, with Tamil Nadu seen as a key growth area for the sector

CEOs of key firms, in conversation with businessline, discuss Tamil Nadu’s potential due to its large senior population




business and finance

Talent, tech sector drive Hyderabad’s real-estate growth: CBRE-CREDAI report

‘Hyderabad accounts for 14 per cent of aggregate national office stock’




business and finance

GoM to review GST on JDA in real estate sector, Council to meet on September 9

HC had ruled in February that transfer of right to develop land under JDA shall be taxable




business and finance

GoM on real estates remains inconclusive

The group will meet one more time before making suggestions




business and finance

Proptech start-up HouseEazy raises $7 mn in funding from Chiratae Ventures, others

Funds will be utilised to fuel company’s growth across NCR




business and finance

Real estate companies have raised over ₹1 lakh crore in last 20 months

92 per cent of it came through debt issuances




business and finance

Arihant partners with Empee Hotels to build new commercial space in Chennai

This project will integrate office space with hospitality services, says a release




business and finance

Bengaluru residential property micromarkets witness record hike in prices: Report

Prices in Bagaluru in North Bengaluru have surged by nearly 90 per cent in the past five years, while Whitefield has seen an 80 per cent rise in prices




business and finance

Ravi Menon named chairman of Sobha Group

Sobha Group founder-chairman PNC Menon to retire




business and finance

India ranks 31st in JLL's Global Real Estate Transparency Index

The consultant noted that "India has made a remarkable leap forward in JLL's Global Real Estate Transparency Index 2024, reaching the transparent tier for the first time"




business and finance

India in consultation with Indonesia at WTO over duty on ceramic tiles

Exports from India dipped since Indonesia imposed safeguard duties on the product




business and finance

Metro Group eyes ₹1,000 crore revenue from Thane projects

The group plans to introduce one-of-its-kind luxury projects with modern ecosystem for the discerning professionals who prefer Thane over Mumbai




business and finance

L&T Construction reduces timelines by 50% with 3D printing technology

‘By using this technology, a villa project that would typically take 24 to 36 months can be completed in 12 months’




business and finance

Pulkit TMT introduces innovative ‘Lab on Wheels’ for quality testing in Kerala 

The initiative aims to raise awareness about the significance of using high-quality TMT bars in construction projects and empower consumers, builders, and dealers to make informed decisions about their steel choices.




business and finance

MSN Realty, new venture by MSN Pharma promoters, to focus on Hyderabad real estate

The company plans to focus on developing 20 million square feet of residential and commercial spaces in Hyderabad over the next five years.




business and finance

Positive response to Small and Medium REITs: SEBI Chief

There is an imbalance of power between large institutions and small investors, and regulations have helped foster trust in the system, Says Madhabi Puri Buch




business and finance

NBCC sells commercial and office space worth over ₹14,000 cr

The highest price fetched during the e-auction for a unit (at the World Trade Centre) was ₹62,261 per sq ft




business and finance

Shriram Properties to quadruple profit, triple revenue by FY27

“Shriram Properties will embrace the new era under the banner SPLNxT to reposition the brand; enhance focus on mid-market and mid-premium segments, and accelerate growth”




business and finance

ED attaches assets in EMAAR-MGF PMLA case; Hooda says he has nothing to do with it

It is alleged that Hooda had colluded with real estate to arrange land for them at cheaper rates




business and finance

Surge in bank credit to CRE linked to high demand for office and warehouse space

With leasing activities surging across major cities and growing interest from big industrial groups, the commercial real estate market shows promising prospects for future lending and growth




business and finance

Godrej Properties wins ₹515 crore bid for two residential plots in Gurugram

The company also won auctions for two land parcels in Greater Noida in the current quarter




business and finance

Ajoy Mehta leaves behind a more compliant real estate sector in Maharashtra

The Maharashtra Real Estate Regulatory Authority’s outgoing chairman did not shy away from wielding the regulatory whip, ensuring that builders realised that homebuyers have the right to expect timely delivery of their houses, with all the promised amenities




business and finance

Omaxe Group unveils ₹2,500-crore project in Delhi: 50.4-acre multi-sports and cultural destination

The Omaxe State project is expected to be completed by 2027 and to generate over ₹4,200 crore in revenue during its life-cycle




business and finance

Prestige Estates raises ₹5,000 crore via QIP

The company launched its QIP on August 29 to raise funds




business and finance

Meghna Infracon expands portfolio with new Mumbai residential project 

The project aims to offer 1 and 2 BHK luxurious apartments, with construction already underway




business and finance

Rising costs make urban affordable houses unviable for builders

Government’s PM Awas Yojana faces challenges due to rising land prices, construction costs, and pricing limitations for builders




business and finance

Dholera SIR attracting ₹2,000-3,000 crore investment annually in land and plots

Formed in 2016, DICDL is owned 51 per cent by the Gujarat government and 49 per cent by the central government




business and finance

Bengaluru residential real estate soars amid high demand and limited inventory

Areas such as Bagaluru, Hennur, Whitefield, and Varthur-Sarjapur are witnessing substantial price increases, attributed to pent-up demand from the pandemic




business and finance

Homebuyers gain from removal of differential tax rates on preferred locations, lowering overall costs

One third of the transaction value of an immovable property is attributed to land, which is excluded from and it is not included for calculation of GST calculation




business and finance

Microsoft acquires 16.4-acre land in Pune for ₹520 crore

Microsoft acquired land from Indo Global Infotech City




business and finance

Brigade to develop ₹600 crore residential complex in Velachery, Chennai

The development will be situated at the former Raptakos, Brett & Company Limited facility, which has been inactive for years. 




business and finance

Birla Estates buys land from Hindalco for ₹537 crore

Kalwa is experiencing rapid growth due to its proximity to Thane




business and finance

India’s housing market witnesses cooling trend as price surge crowds out buyers

Luxury home sales buck the trend of sequential slowdown, with houses priced above Rs one crore rupees accounting for nearly 40 per cent of the total home sales in the last quarter




business and finance

Brookfield-led consortium completes acquisition of American Tower’s operations in India

The acquisition, valued at $2.2 billion, encompasses approximately 76,000 communications sites, solidifying the consortium’s commitment to advancing India’s connectivity




business and finance

Bengaluru leads retail/consumer packaged goods GCC boom as India sees rapid growth in the sector

The ANSR report anticipates over 25 new GCCs in the sector to emerge in the next 2-3 years, further solidifying India’s position as a global hub




business and finance

Signature Global to deliver 16 msf houses over next two years

The real estate developer is targeting collections of ₹3800 crore in the current fiscal year




business and finance

NRIs are buying more houses in India than before

According to Anarock Group, there was a 15-20 per cent increase in demand by NRIs in 2023 compared with 2022 and the first half of 2024 has seen similar traction




business and finance

RMZ offers 0.3 million sqft of commercial space to Chevron Global Technology in Bengaluru

The CEO of RMZ Office and RMZ NXT, Thirumal Govindraj, highlighted India’s appeal for GCC expansion due to sophisticated, tech-powered workspaces and lower office rentals




business and finance

Ivanhoe Cambridge divests stake in three joint ventures to partner Lodha

Following the acquisition, Macrotech’s stakes in the entities — Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1 — will increase to 70%, 66.67%, and 66.67%, respectively.




business and finance

Housing demand and supply shows a fall in the September quarter: report

The data shows that launches have been decelerating over the past four quarters while sales have been falling over the last three quarters




business and finance

Nexus Select Trust in talks to acquire Axis Mall in Kolkata

The acquisition of the mall would require a different structure to be set in place since it does not have a single owner or promoter




business and finance

Chennai-based realtor Casagrand files DRHP for ₹1,100 crore IPO

The IPO includes a fresh issue of up to ₹1,000 crore and an offer for sale of up to ₹100 crore by Promoter Selling Shareholders.




business and finance

Mindspace REIT to build 3 data centres for Princeton Digital Group

The REIT has already developed two data centers for PDG with an area of 6.3 lakh square feet and the current contract will add 10 lakh square feet to its portfolio




business and finance

Shriram Finance raises $500 million via social bonds

Plans to list insurance arms and focus on retail bad loans




business and finance

Shriram Properties launches 1.1 million sq ft residential project in Chennai

“Located in the rapidly growing West Chennai corridor, this RERA-approved development offers a total saleable area of 1.1 million sq ft (msf) and has a revenue potential of around ₹550 crore to ₹600 crores”




business and finance

Housing sales dipped 11% in Jul-Sept, average prices up by 23% in top 7 cities: Anarock

Among the top 7 cities, Hyderabad saw the highest jump of 32 per cent in average residential property prices




business and finance

Property Share files for first SM REIT scheme to raise ₹353 crore

Property Share Investment Trust introduces PropShare Platina, a real estate investment scheme with high returns in Bengaluru




business and finance

Mumbai property sales in September fall due to ‘shraadh’ period

The shraadh period this year started on September 18 and ends this week on October 3