January 2024

Noida, Greater Noida to evolve as data centre hubs

Noida, Greater Noida to evolve as data centre hubs

NOIDA: Noida and the Greater Noida region is set to emerge as a hub of data centres in northern India as many leading global IT companies are setting up their facilities in this industrial belt with multiple players making a commitment to Uttar Pradesh government to invest at least ₹30,000 crore together. Following the UP government’s directives, the Noida and the Yamuna Expressway...

Atal Setu was ready six months before deadline, claims MMRDA chief | Mumbai news

Atal Setu was ready six months before deadline, claims MMRDA chief | Mumbai news

The 21.8-km-long Mumbai Trans Harbour Link (MTHL) was scheduled to be completed by June 2024, but the Mumbai Metropolitan Region Development Authority (MMRDA) asked the contractors to put workers in three shifts and got the bridge ready on December 25, sixth months before the deadline, said MMRDA commissioner Sanjay Mukherjee on Thursday. MTHL was ready six months before deadline, claims MMRDA...

PE investments in Indian real estate at .9 billion, a 14% YoY increase

PE investments in Indian real estate at $3.9 billion, a 14% YoY increase

New Delhi: Private equity investments inflows into the Indian real estate sector stood at $3.9 billion at the end of 2023, registering a 14% increase YoY. Foreign institutional investors retained their status as the primary contributors to investment activity, holding a 75% share, according to the latest data by Savills India, a global property consulting firm. Private equity investments...

2023 sees highest ever housing project completions in Maharashtra in six years

2023 sees highest ever housing project completions in Maharashtra in six years

Mumbai: The completions of housing projects registered with MahaRERA touched the highest ever since its inception in 2017 and nearly doubled even as the housing regulator cracked the whip and put in place stringent processes for registrations, legal and financial scrutiny in 2023. MahaRERA, the real estate regulator of Maharashtra, has put in place a three-tiered scrutiny process which ensures...

Bhuvan Bam buys bungalow in South Delhi for ₹11 crore

Bhuvan Bam buys bungalow in South Delhi for ₹11 crore

Bhuvan Bam, a comedian, writer, singer, songwriter and YouTuber from Delhi has bought a bungalow in the Capital's posh Greater Kailash area for ₹11 crore, documents accessed by CRE Matrix showed. Bhuvan Bam buys bungalow in Delhi for ₹11 crore He has paid a stamp duty of ₹77 lakh on the deal. Wrap up the year gone by & gear up for 2024 with HT! Click here The land area is 1937 sq...

TARC to invest ₹1,200 crore in developing luxury project in Central Delhi

TARC to invest ₹1,200 crore in developing luxury project in Central Delhi

Listed real estate company TARC Ltd said on Jan 11 that it plans to invest close to ₹1200 crore to develop a luxury housing project comprising more than 400 units in Central Delhi. The project TARC Kailasa is a 1.7 million sq ft development spread across 6 acres of land located on Patel Road, in Kirti Nagar. The project TARC Kailasa is a 1.7 million sq ft development spread across 6 acres...

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