Supertech's bankruptcy declaration by NCLT may impact 25,000 home buyers, but the developer asserts that project operations will continue unaffected.
Maharashtra real estate developers plan to halt construction due to soaring raw material costs, urging government intervention and a six-month project deadline extension from MahaRERA.
CREDAI and JDA collaborate to attract investment and boost job creation in Rajasthan's real estate sector during the Invest Rajasthan Summit 2022.
Knight Frank India's report forecasts a stable year for India's real estate sector in 2022, with a 5% rise in housing prices and growing demand for office space.
Noida has emerged as India's top industrial investment district with Rs 64,000 crore in investments, creating 3 lakh jobs, and attracting major companies for future growth.
YEIDA Announces Two Policies to Revive Stalled Projects in Greater Noida
The Enforcement Directorate (ED) is investigating Omkar Developers and Piramal Group for a Rs. 2,000 crore loan amidst money laundering allegations. Omkar promoters were arrested, and Sachin Joshi was implicated in laundering Rs. 87 crore.
NBCC and Suraksha Group vie to acquire Jaypee Infratech, submitting revised bids with improved offers to financial lenders amidst insolvency proceedings.
Labor shortages, with over 25% of migrant workers leaving, may delay real estate projects. UP-RERA is aware and may extend project timelines. CREDAI highlights material supply issues.
Real estate developers are requesting loan restructuring, interest moratoriums, and more liquidity support from the RBI after their Covid relief package announcement.
Prestige Estates Projects secures the highest bid for a stalled real estate project in Mulund, promising significant revenue and land development.
Gaurs Group invests ₹2,123 crore in three stalled Amrapali projects, encompassing 10,900 apartments, marking a diversification into infrastructure.
Christie's International Real Estate enters Indian market, partnering with Himmat & Rohini Singh LLP to offer ultra-luxury homes and cater to increasing demand.
Godrej Properties has acquired Ceear Life Spaces (CLPL) making it a wholly owned subsidiary. The acquisition aims to develop land in Thane. Operations are affected by COVID-19.
Indiabulls Real Estate has secured ₹25 crore through the issuance of Non-Convertible Debentures (NCDs). The company plans to develop 11 projects spanning 30.51 million sq ft.
Godrej Industries plans to invest up to ₹300 crore each in Godrej Properties and Godrej Agrovet, seeking shareholder approval at the upcoming AGM on August 11th.
IT Raids on Real Estate, Food Companies in Mumbai, Bhopal & Indore
Income tax raids on Indiabulls offices cause share drop. The company, involved in finance, lending, and real estate, saw shares fall after raids in Delhi and Mumbai.
A Delhi-based developer, Manoj Bhardwaj, was arrested for allegedly duping 455 investors across several cities with fake real estate projects.
CBRE India has opened a new office in Kochi, enhancing its capacity to serve clients and support the region’s burgeoning real estate market.
Saha Groupe, a Noida-based real estate company, is set to secure ₹160 crore from a Non-Banking Financial Company (NBFC) to expedite its under-construction projects in Noida.
Prateek Group secures Rs 200 crore investment from Piramal Fund Management for its luxury project, Prateek Edifice, marking a significant investment trend in the real estate sector.
Jaiprakash Associates plans a board meeting following SDR invocation as cement sales drop significantly, amid attempts to address their financial challenges.
NAREDCO members pledge ₹90,000 crore investment in Haryana over five years. Focus on affordable housing, residential and commercial sectors. DLF, M3M lead investments.
Kolte-Patil Developers appoints Gopal Sarda as Mumbai region's executive officer chief, following Sujay Kalele's departure.
