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.
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.
Noida Authority is auctioning commercial plots ranging from 6,046 to 64,500 sq meters on a 90-year lease. The auction, scheduled for July 11, 2017, aims to boost the real estate sector with attractive land rates.
JLL forecasts Kochi as India's top real estate destination citing smart city status, metro connectivity, airport expansion, submarine cable landings, and tourism growth.
Pune's Inspector-General of Registration has launched an SMS facility for property document updates, significantly easing the process for citizens and improving access to registration details.
A First Information Report (FIR) has been filed against AN Buildwell for alleged dishonesty and criminal conspiracy following complaints from 15 investors regarding project delays.
Tata Housing reports rapid sales of over 200 flats valued at approximately Rs 300 crore in Gurgaon, signaling strong demand for its project La Vida.
Virat Kohli has invested Rs 34 crore in a luxurious 7,171 sq ft apartment in Worli, Mumbai, with possession expected by mid-2018.
Indian Bank auctions Mumbai flats seized from Varun Industries directors, accused of defrauding 10 banks of ₹2,555 crore. E-auction set for July 21st, with properties open for inspection on July 13th.
Haryana CM directed a status check on licensed residential and commercial projects amidst rising complaints against developers. The government reviews Unitech's projects and duties.
India’s second-largest reputed developers, Prestige Group, have won the FIABCI World Prix d’Excellence award, showcasing their leadership in the real estate market.
Shobha Limited has initiated the handover process for the first phase of its International City project in Gurgaon, highlighting luxury living in a challenging real estate market.
Unsold luxury apartments in Mumbai reach 2,300 units, with prices ranging from Rs 10 crore to Rs 23 crore, as developers adjust to consumer demand.
BBMP may extend the 5% property tax rebate until the end of June. The BBMP Council will decide in the next two days. This follows taxpayer confusion over new tax zones.
The Department of Registration and Stamps in India is working towards establishing an online system for property valuation and stamp duty assessment, aiming to increase transparency and reduce corruption.
Actor Ranbir Kapoor reportedly purchased a Pali Hill apartment for ₹35 crore, significantly above the market value of ₹11 crore. The 2,460 sq ft flat boasts luxurious amenities.
Credai Maharashtra highlights concerns of a 22% sales dip in real estate, attributing it to inflation, high interest rates, and regulatory delays, while affirming Pune's relative stability.
West Bengal Assembly amended Land Reforms Bill, to disallow use of excess land meant for townships, for building real estate, and use for farming or rural economy.
Mumbai's residential market faces potential price correction in 2014 due to high unsold inventory and low absorption rates, shifting the market in favor of buyers.
Sahara Group will submit new property title deeds worth Rs 20,000 crore to SEBI after being restricted by the Supreme Court from selling assets. The case involves refunding investors.
Omaxe promoters raised Rs 250 crore via Offer for Sale (OFS) to boost growth and meet SEBI's public shareholding norms. The company also announced a bonus share issue.
Ahmedabad Municipal Corporation (AMC) plans to construct 9,980 residential apartments for the weaker sections of the city across 29 locations. 5092 are for EWS and 4887 for LIG.
DLF achieved Rs 2,684 crore in sales bookings during H1 FY14, surpassing the previous year's figures. Experts commend DLF's strategic focus on premium, high-margin projects.
Noida officials are set to upload housing project details online to protect buyers and curb property scams, with wider transparency expected for developers and investors alike.