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.
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.
Urban development has approved a 1% increase in stamp duty for the Metro rail corridor, raising it to 7.5%, while discussions on boosting FSI continue.
SNN Builders completes the acquisition of Water’s Edge project in Bangalore, set for a three and a half year luxury residential development with world-class amenities.
Hyderabad district officials identify 66 acres of litigation-free government land worth crores. They plan to develop schools, hostels, and housing on this land.
Shapoorji Pallonji Group plans to expand its IT parks by 52%, adding 2 million sq ft to its existing 5 million sq ft portfolio across India.
Hotels and convention centers are now included in the master list of infrastructure, a move praised by the Tourism Minister which is likely to boost the hospitality sector.
NHB to Receive ₹500Cr Loan from British Govt for Affordable Housing
Environmental activists surveying Mulayakad island in Kochi discovered significant mangrove destruction by real estate developers encroaching on Vembanad lake for development.
Embassy Property Developments plans to raise Rs 800 crore in debt for an IT park in Bangalore, starting discussions with banks and considering selling space to Blackstone.
Winkworth, a London-based real estate franchisor, is set to expand into India by opening offices, starting with Bangalore. This move is part of their international expansion strategy.
Hines Realty from the US plans to enter India's residential market through joint ventures, focusing on mid-segment housing and possibly hotel projects in Delhi-NCR and Mumbai.
Noida Authority plans to build two bridges across Yamuna to improve connectivity with Faridabad, reducing travel time and congestion.
CMDA approves converting vacant IT buildings in Chennai into shopping malls and office spaces, a move welcomed by developers.
Vertical development in India, driven by land scarcity and housing demand, fuels a 40% annual growth in the elevator industry, particularly in the housing sector.
House of Patels Group plans to develop a luxury residential or hotel project in India, potentially collaborating with Ritz Carlton.
Bollywood actress Shilpa Shetty enters real estate sector with Groupco Developers, focusing on residential projects, driven by her desire to help middle-class people own homes.
DAMAC Properties plans a $1 billion investment in real estate projects, focusing on Indian investors, and will soon launch a second phase featuring luxury hotels and residences.
Godrej Properties and Jet Airways are partnering on a 1.3 million sq ft commercial project in Mumbai's Bandra Kurla Complex. The project, Godrej BKC, is expected to generate Rs. 3,500-4,000 crore.
Yamuna Expressway Authority has submitted a revised draft of Master Plan 2031 for the development of the first phase, with significant residential and infrastructure plans.
Union Housing Minister Ajay Maken advocated for a review of the FSI policy in Mumbai and other major Indian cities to boost affordable housing development, suggesting increased FSI rates.
Koramangala in Bangalore is expected to give investors higher returns. Due to limited availability of vacant spaces and high demand, property prices are expected to increase.
Noida Authority announces additional metro stations for the Noida-Greater Noida link, addressing growing population needs and land acquisition concerns with plans for speedy project execution.
The hotel industry faces a significant labor shortage, hindering expansion plans while the government and companies struggle to find solutions to the crisis.
India's new Land Acquisition Bill mandates landowner consent, impacting residential prices. Real estate experts predict rising housing costs due to increased compensation and project complexities.