January 2024

Colliers appoints Sankey Prasad as CMD India and Middle East Engineer Business

Colliers appoints Sankey Prasad as CMD India and Middle East Engineer Business

Global diversified professional services and investment management company Colliers announced on January 24 that Sankey Prasad has been appointed as chairman and managing director for India and chairman and managing director for Colliers Project Leaders Middle East. Sankey Prasad has been appointed as chairman and managing director for India and chairman and managing director for Colliers...

Gurugram’s Sector 29 to be developed as central business district: HSVP

Gurugram’s Sector 29 to be developed as central business district: HSVP

The Haryana Shahari Vikas Pradhikaran (HSVP) has planned to redevelop Sector 29 as the central business district (CBD) of Guruguram, officials familiar with the matter said on Monday. A portion of HSVP’s land in Sector 29 on Monday. (Parveen Kumar/HT Photo) HSVP owns 100 acres of prime land in this sector that it believes can be monetised at a very high premium, officials said. The...

5,000 hectares to be acquired near Jewar airport for industrial, residential use

5,000 hectares to be acquired near Jewar airport for industrial, residential use

As the Uttar Pradesh government has released around ₹3,000 crore funds for land acquisition, the Yamuna Expressway Industrial Development Authority (Yeida) on Tuesday asked the Gautam Budh Nagar administration to acquire at least 5,000 hectares near the upcoming Noida airport in Jewar for the development of industrial and residential use. The authority has decided to develop new areas --...

CREDAI-MCHI offers zero stamp duty on home booking at three-day property expo

CREDAI-MCHI offers zero stamp duty on home booking at three-day property expo

Mumbai: Home buyers will be able to book homes with zero registration and stamp duty during the three-day property expo organized by CREDAI-MCHI, the apex body of developers representing over 1,800 members in Mumbai Metropolitan Region, scheduled to be inaugurated by Maharashtra chief minister Eknath Shinde on the Republic Day. Home buyers will be able to book homes with zero registration and...

Kolte-Patil acquires two redevelopment projects in Mumbai Metropolitan Region

Kolte-Patil acquires two redevelopment projects in Mumbai Metropolitan Region

Mumbai: Pune-based listed developer Kolte-Patil Developers Limited has signed two new society redevelopment projects in the western suburbs of Mumbai with total saleable area of 3.06 lakh square feet translating into top-line potential of ₹545 crore, the company said. Pune-based listed developer Kolte-Patil Developers Limited has signed two new society redevelopment projects in the western...

Budget 2024 Wishlist: Real estate sector wants more tax sops for homebuyers

Budget 2024 Wishlist: Real estate sector wants more tax sops for homebuyers

The real estate sector’s expectations from Budget 2024, which is a vote on account or an interim budget, include changes in the definition of affordable housing, increase in exemption on principal amount as well as the interest paid on home loans, infrastructure status for the real estate sector and greater retail engagement in Real Estate Investment Trust or REITs. The Uttar Pradesh...

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