January 2024

Gucci owner pays ₹8,000 crore to buy building near Trump Tower in New York

Gucci owner pays ₹8,000 crore to buy building near Trump Tower in New York

Bloomberg | | Posted by Singh Rahul Sunilkumar Kering SA, the fashion firm that owns Gucci and Balenciaga, purchased a building on Manhattan’s Fifth Avenue for $963 million (approximately ₹8,000 crore), the latest massive New York City real estate deal by a global luxury company. Pedestrians walk past a Gucci store in Sydney, Australia.(Bloomberg) Kering bought 715-717 Fifth Ave.,...

Eldeco Group to invest ₹1000 crore across 10 mid to luxury housing projects

Eldeco Group to invest ₹1000 crore across 10 mid to luxury housing projects

Real estate company Eldeco Group has a pipeline of around 10 housing projects in the mid to luxury segment spread across Sonepat, Panipat, Ludhiana, Rudrapur, Noida Extension, Gurgaon, Lucknow, Kanpur, Himachal Pradesh and Rishikesh for which it is investing close to ₹1000 crore this year. Real estate firm Eldeco Group has a pipeline of around 10 housing projects in the mid to luxury segment...

MahaRERA grants interest on delayed possession to Minerva buyer | Mumbai news

MahaRERA grants interest on delayed possession to Minerva buyer | Mumbai news

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has granted interest on delayed possession to the buyer of a private firm who purchased a flat in Lokhandwala Minerva, Mahalaxmi, from January 1, 2023, on the premise that the developer had failed to provide possession on terms agreed upon earlier. MahaRERA has granted interest on delayed possession to the buyer of a private...

Ram Mandir consecration ceremony: HOABL to launch 250 plots in Ayodhya today

Ram Mandir consecration ceremony: HOABL to launch 250 plots in Ayodhya today

Mumbai headquartered real estate developer, The House of Abhinandan Lodha (HOABL), is launching around 250 plots today to coincide with the Ram Mandir consecration ceremony in Ayodhya. It has invested close to ₹1200 crore majorly for a 51-acre land parcel in Ayodhya and Phase 1 of its luxury project is currently underway. Mumbai headquartered real estate developer, The House of Abhinandan...

Ram Mandir ceremony: Is it the right time to invest in real estate in Ayodhya?

Ram Mandir ceremony: Is it the right time to invest in real estate in Ayodhya?

With just a day left for the Ram Mandir’s consecration ceremony, the real estate market in Ayodhya is literally on fire, with land prices in some pockets going up by four to even 10 times than what was prevalent four to five years ago. With just a day left for the mega event in Ayodhya, the whole country is eagerly waiting for the inauguration ceremony of the Ram Temple. The real estate...

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