December 2023

Oberoi Realty completes acquisition of land parcel in Thane for around ₹196 cr

Oberoi Realty completes acquisition of land parcel in Thane for around ₹196 cr

Listed real estate company Oberoi Realty has completed the acquisition of a 6.4 acre land parcel in Thane, near Mumbai, for around ₹196 crore, the company said in a regulatory filing. Oberoi Realty has entered into a Memorandum of Understanding (MOU) with NRB Bearings Limited (NRB) for acquiring the lands located at Pokhran Road 2, Thane, Maharashtra, along with the structure, it said....

Brigade to develop luxury housing project in Mysore

Brigade to develop luxury housing project in Mysore

Bengaluru-based real estate firm Brigade Group has signed a Joint Development Agreement (JDA) to develop luxury residences of around 0.4 mn sq ft in Mysore with a Gross Development Value (GDV) of Rs. 300 crore, the company said in a regulatory filing. The JDA will add to Brigade Group’s residential portfolio in Mysuru of over 25 residential projects. Located in Kurubarahalli, next to the JW...

Panattoni launches first industrial park project in Delhi-NCR

Panattoni launches first industrial park project in Delhi-NCR

Global industrial real estate developer Panattoni, has launched its first project in Delhi NCR for which it has invested ₹110 crores in the first phase. Over the next year, the company along with its multiple investment partners, plan to invest 100 million euros in projects across the country. The company plans to invest 100 million euros in projects across the country.. “The company has...

Tribeca Developers appoints Rajat Khandelwal as CEO

Tribeca Developers appoints Rajat Khandelwal as CEO

Mumbai: Luxury developer Tribeca Developers has announced the appointment of Rajat Khandelwal as Group Chief Executive Officer to lead the company’s strategic initiatives and business expansion plans. Tribeca Developers appoints Rajat Khandelwal as CEO Bringing 19 years of professional experience, Khandelwal served as the Chief Operating Officer, Omkar Developers before joining Tribeca. He...

MahaRERA moots system for monitoring quality of housing projects

MahaRERA moots system for monitoring quality of housing projects

Mumbai: In line with its plan to put in place a grading system for real estate projects, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a consultation paper proposing a framework to have a third-party inspection to ensure quality homes to home buyers. Initially, it will be optional for developers to join this framework before it is made mandatory for all projects in...

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