February 2024

Over 4.35 lakh homes completed in 2023 across top 7 cities, 59% in MMR and NCR

Over 4.35 lakh homes completed in 2023 across top 7 cities, 59% in MMR and NCR

More than 4.35 lakh housing units were completed in 2023 across the top seven cities which was 8% more than last year when approximately 4.02 lakh homes were completed. Almost 59% of these housing units were completed in Mumbai Metropolitan Region and NCR alone, Anarock data showed. More than 4.35 lakh housing units were completed in 2023 across the top seven cities which was 8% more than last...

Allotted flats will not be part of liquidation process: IBBI

Allotted flats will not be part of liquidation process: IBBI

In a relief to homebuyers who had been given possession of their homes but were left in a lurch after the builder’s company was declared insolvent, the Insolvency and Bankruptcy Board of India, in its latest amendment, has said that assets in a real estate project that have been handed over to the allottees would be exempted from liquidation process. The Insolvency and Bankruptcy Board of...

Karnataka Budget 2024: Properties in B’luru to get digital ownership documents

Karnataka Budget 2024: Properties in B’luru to get digital ownership documents

The Karnataka government will digitize property tax records of all 20 lakh properties in Bengaluru and issue digital e-Khatas from 2024-25, Chief Minister Siddaramaiah said in his budget speech on February 16. Karnataka Chief Minister Siddaramaiah speaks inside Karnataka Legislative Council in Bengaluru.(PTI) In a boost to Karnataka’s economy, shops and establishments will be allowed to...

Bandhan Bank purchases 12 commercial units for ₹135 crore in Mumbai’s BKC

Bandhan Bank purchases 12 commercial units for ₹135 crore in Mumbai’s BKC

Bandhan Bank Ltd has purchased 12 commercial units in INS Tower, Bandra Kurla Complex, in Mumbai for ₹135.64 crore, documents accessed by FloorTap.com, a marketplace for commercial properties showed. Bandhan Bank Ltd has purchased 12 commercial units in INS Tower, Bandra Kurla Complex, in Mumbai for ₹135.64 crore, (Hindustan Times) The Kolkata-based bank has bought these units from four...

Delhi court extends interim bail to Supertech chairman R K Arora by 30 days

Delhi court extends interim bail to Supertech chairman R K Arora by 30 days

A Delhi court on February 16 extended the interim bail to R K Arora, the chairman and promoter of realty major Supertech Group, in a money laundering case by a month on medical grounds. A Delhi court on February 16 extended the interim bail to R K Arora, the chairman and promoter of realty major Supertech Group, in a money laundering case by a month on medical grounds. (PTI)(PTI) Additional...

Oberoi Realty ties up with Marriott International to develop two hotels in MMR

Oberoi Realty ties up with Marriott International to develop two hotels in MMR

Oberoi Realty on February 16 entered into an agreement with Marriott International for development of two hotel properties in the Mumbai Metropolitan Region. Oberoi Realty on February 16 entered into an agreement with Marriott International for development of two hotel properties in the Mumbai Metropolitan Region. These include JW Marriott Hotel Thane Garden City and Mumbai Marriott Hotel Sky...

Gurugram Metro project: Will it lead to an increase in real estate prices?

Gurugram Metro project: Will it lead to an increase in real estate prices?

Prime Minister Narendra Modi laid the foundation stone of the Gurugram Metro Rail project today which will be developed at a cost of about ₹5,450 crore. The 28.5 km project seeks to connect Old Gurgaon with New Gurgaon, thereby improving connectivity to the central business districts, reducing traffic congestion and providing ease of commute to the people who reside in the old sectors. The...

Adani Realty secures 24-acre Bandra Reclamation Redevelopment project

Adani Realty secures 24-acre Bandra Reclamation Redevelopment project

Adani Realty has emerged as the preferred bidder for the redevelopment of a 24-acre prime land at Bandra Reclamation close to the Bandra-Worli Sea Link, beating L&T, the only other eligible bidder in the bid process. Adani Realty gets 24-acre Bandra Reclamation Redevelopment(MINT_PRINT) Confirming this, Kailas Jadhav, Joint MD of the Maharashtra State Road Development Corporation, said,...

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