Piramal Realty acquires Gulita property in South Mumbai from Hindustan Unilever for R452Cr, plans to develop high-end luxury apartments.
The Indian government is contemplating permitting increased vertical growth in cities by granting additional Floor Space Index (FSI) to curb rising real estate prices and fund urban infrastructure upgrades.
DLF Garden City, Lucknow, wins "Integrated Township of the Year – North India" at Realty Plus Excellence Awards 2012. The township boasts eco-friendly infrastructure and international living standards.
Indian developers prepare for the 20th India Property Exhibition in Doha offering NRI investors over 100 diverse property options across major cities starting March 16, 2012.
CapitaMalls Asia plans to invest INR 1,800 crore in India to fund existing malls and develop seven new ones in key cities by 2013.
Real estate brokers in major Indian cities are switching to other businesses due to a slump in home sales. Smaller players are particularly affected, forcing many to seek jobs in different sectors.
GMR Infrastructure reports Q4 net loss of Rs 1,006.7 crore due to one-time loss from InterGen NV dissociation and Delhi airport losses.
DLF to Sell IT Parks, Hotel Business to Reduce Debt by 7,000 Crore
Income Tax officials seized large amounts of cash from Lodha Group employees, following previous raids and tax requests, highlighting ongoing investigations into financial misconduct.
Keerthi Estates launches Richmond Villas, a luxury residential complex in Hyderabad, with 157 4-bedroom villas over 24 acres.
Sayaji Hotels Ltd plans to invest Rupees 100 crore in Pune, expanding operations to include a sports club, restaurant, mall, and service apartments. The group also aims to grow in other cities like Bangalore, Chennai, and Gurgaon.
TATA Housing Development ventures into the Mumbai market with redevelopment projects in premium housing, aiming to bring ethical practices and quality products.
A new report indicates that the Indian realty sector may face an oversupply of office spaces, leading to declining rentals and increasing vacancy rates.
Realtors shift focus to luxury housing due to increasing demand, with major developers planning high-value projects across Indian cities.
Realty sector and infrastructure firms like GMR and HCC are venturing into the education sector, aiming to capitalize on the growing education industry in India.
The Reserve Bank of India plans to create indices for commercial and residential properties in Ahmedabad to manage speculation and realty bubble risks.
A recent survey reveals that 34% of potential homebuyers prefer NCR-Delhi, followed by Mumbai, indicating a shift towards end-user driven real estate investment.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
Andhra Pradesh CM inaugurated the International Landscape and Gardening Expo 2009, featuring 100 exhibitors from 15 countries. A conference on environmental preservation and quality of life will be held on October 3rd.
Shriram Properties and Career Launcher will open 25 Indus World Schools in townships across Bangalore, Chennai, Kolkata, and Visakhapatnam by 2010.
Andhra Pradesh plans to generate ₹3,000 crore from land sales, driven by signs of economic recovery. The proposal involves the APIIC and HMDA.
The demand for affordable housing is critical for India's middle income population, particularly in major metros like Delhi, Bangalore, Chennai, and Pune.
Provident Housing, part of the Puravankara Group, has acquired 62 acres near Bangalore for ₹150 crore to expand affordable housing projects in the region.
Unitech, India's second-biggest real estate developer, is in talks with private equity funds for $560 million investments and restructuring loans to cut debt.
The Satyam scandal may negatively impact India’s real estate sector, with significant concerns centered on commercial and residential space vacancies amid IT industry challenges.