Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.
Unitech Group has leased 8 lakh sq ft in its Gurgaon Tech-park SEZ to Accenture, potentially yielding ₹1,000 cr over 15 years, while exploring stake sale to Blackstone and GIC.
CMDA approves converting vacant IT buildings in Chennai into shopping malls and office spaces, a move welcomed by developers.
The real estate industry is rapidly evolving, prompting investors to stay informed on trends in residential and commercial properties for optimal decision-making.
PBEL City, a township by PBEL in Hyderabad featuring 13 residential and 2 commercial towers, commences phase I with a price range of Rs 41-52 lakh for flats. Completion estimated within 18-36 months. Targeted at IT, bank employees, aged 25-40.
Indian real estate businesses are embracing IT solutions to automate processes, enhance transparency, and improve performance.
Facility management in India has matured significantly since the 1990s, driven by demand from the IT and BPO sectors, emphasizing the need for professional services.