February 2024

Noida Authority tells realtors to opt for relief package, clear dues by Feb 22

Noida Authority tells realtors to opt for relief package, clear dues by Feb 22

The Noida Authority has fixed February 22 as the last date for realtors to accept a waiver and clear their land cost dues in accordance with the terms of a realty policy, notified by the Uttar Pradesh government last December, officials in the know of the matter said on Thursday. Noida Authority has fixed February 22 as the last date for realtors to accept a waiver and clear their land cost...

After over 70 years, 25 buildings in Sion-Koliwada set to be redeveloped | Mumbai news

After over 70 years, 25 buildings in Sion-Koliwada set to be redeveloped | Mumbai news

MUMBAI: The state government has approved the redevelopment of 25 buildings in Sion Koliwada, once occupied by Sikh, Sindhi and Punjabi families displaced during Partition. The BMC had been sending notices since 2011 to one building or another, declaring them all dilapidated. After over 70 years, 25 buildings in Sion-Koliwada set to be redeveloped The decision was taken in the state cabinet...

Brigade Group plans to launch more than 6.5 mn sq ft of housing projects

Brigade Group plans to launch more than 6.5 mn sq ft of housing projects

Bengaluru-based listed real estate company Brigade Group plans to launch more than 6.5 mn sq ft of residential projects this fiscal, predominantly in Bengaluru and Chennai that are likely to entail an investment of around ₹2,700 crore, said Pavitra Shankar, Managing Director, Brigade Enterprises Limited. Bengaluru-based listed real estate company Brigade Group plans to launch more than 6.5 mn...

India has REIT-ready office supply of ₹5.8-6.2 lakh crore across top 7 cities

India has REIT-ready office supply of ₹5.8-6.2 lakh crore across top 7 cities

The commercial real estate market in India has the potential to increase the office Real Estate Investment Trust market size by 6 to 6.5 times. The REIT office supply has increased by 3.3 times in the last five years to almost 82 million square feet (msf) across the top seven cities in India, an analysis by rating agency ICRA has said. The commercial real estate market in India has the...

Strata completes sale of Jaipur warehousing asset for ₹23.25 crore

Strata completes sale of Jaipur warehousing asset for ₹23.25 crore

Strata, a commercial real estate investment platform, said on February 14 that it has sold its warehousing asset in Jaipur for ₹23.25 crore providing full exit to investors within a period of over two years, the company said. Strata, a commercial real estate investment platform, said on February 14 that it has sold its warehousing asset in Jaipur for ₹23.25 crore providing full exit to...

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