February 2024

MUMBAI: To ensure that housing projects for senior citizens are customised to the specific requirements of this age group, the Maharashtra Real Estate Regulatory Authority (MahaRERA) on February 6 unveiled draft model guidelines for such projects. With this, it has become the first housing regulatory body in India to promulgate provisions for retirement housing projects. Maharashtra Real Estate...

As many as 70 per cent of real estate assets across residential and commercial segments in Bengaluru have been developed through joint development agreements primarily on account of surging land prices, a report by Meraqi, a real estate research, advisory and transaction firm has said in a report. As many as 70 per cent of real estate assets across residential and commercial segments in...

Bengaluru, Mumbai and NCR have found a place in the top 10 best performing Asia-Pacific residential markets in terms of annual price growth in H2 2023. Registering a price growth of 7.1% YoY in H2 2023, Bengaluru was ranked 8th on the Asia-Pacific Residential Review and Mumbai was ranked 9th, witnessing a YoY growth of 7%. Bengaluru registered a price growth of 7.1% YoY in H2 2023 and is ranked...

Union minister and Gurugram MP Rao Inderjit Singh on Tuesday said that the Gurugram section of the Dwarka expressway is expected to open for the public soon. Singh, who met Union Minister for Road Transport and Highways Nitin Gadkari earlier on Tuesday, said that Gadkari had issued directives to NHAI staff to open the completed section of the expressway at the earliest. Work on Package 1 of the...

With the Lift Act bill tabled in the Uttar Pradesh assembly on Tuesday, residents of Noida, Greater Noida and Ghaziabad are hopeful of a speedy passage of the bill and said it was much needed to ensure the safety of high-rise residents. On August 3 last year, a 73-year-old woman died after the lift she was travelling in malfunctioned and went into free fall at a high-rise society in Noida’s...

Real estate company Embassy Group has inked a joint development pact for 3.75 acres of land in Bengaluru, Whitefield, and will launch a premium residential project designed for millennials. The project will have an estimated revenue potential of around ₹550 crore, the company said in a statement. Real estate company Embassy Group has inked a joint development pact for 3.75 acres of land in...

Godrej Properties on February 6 reported a 6% increase in its consolidated net profit to ₹62.47 crore in the third quarter from ₹58.49 crore in the same quarter last year and its sales bookings increased by 76% year-on-year to ₹5,720 crore during the period on the back of increased housing demand. Godrej Properties on February 6 reported a 6% increase in its consolidated net profit to...

Axis Bank Ltd has leased 81,000 sq ft of commercial space in the Parle Product Factory Compound, Vile Parle, Mumbai for five years with a starting monthly rent of ₹85.37 lakh, documents accessed by FloorTap.com showed. Axis Bank Ltd has leased 81,000 sq ft of commercial space in the Parle Product Factory Compound, Vile Parle, Mumbai for five years. REUTERS/Danish Siddiqui/File Photo(REUTERS)...

Red Sea attacks: US & UK launch airstrike on Iran-backed Houthi targets in Yemen | World News The United States and Britain unleashed attacks against 36 Houthi targets in Yemen on February 4, 2024. The US intends to launch further strikes at Iran-backed groups in the Middle East, the White House national...

Shapoorji Pallonji Real Estate has raised ₹55 crore from WSB Real Estate Debt Fund II (WSBREDF II) for a premium project known as BKC 9 located in Bandra East, Mumbai, from which it is expecting over ₹250 crore revenue, the company said on February 6. Shapoorji Pallonji Real Estate has raised ₹55 crore from WSB Real Estate Debt Fund II (WSBREDF II) for a premium project known as BKC 9...