March 2024

Retail chains, hotels rush to ramp up presence in temple towns

Retail chains, hotels rush to ramp up presence in temple towns

The surge in spiritual tourism, thanks to improvement in infrastructure, including well-connected roads, airports, and public transportation, as well as the development of various accommodation options such as hotels, guesthouses, and wellness centers, is attracting retail brands to set up shop in temple towns, a report by CBRE South Asia Pvt Ltd titled ‘Decoding Real Estate through the Spiritual...

Housing sales in Tier 1 cities up by 8% despite decrease in new launches by 19% in Q1 2024

Housing sales in Tier 1 cities up by 8% despite decrease in new launches by 19% in Q1 2024

The residential market in India has witnessed a growth in sales in Q1 2024, with an 8% year-on- year increase despite a decrease in new launches by 19% during the same period, a report by real estate data and analytics firm PropEquity has said. The residential market in India has witnessed a growth in sales in Q1 2024, with an 8% year-on- year increase despite a decrease in new launches by 19%...

DDA begins bid to hire contractor to demolish Signature View flats in Delhi | Latest News Delhi

DDA begins bid to hire contractor to demolish Signature View flats in Delhi | Latest News Delhi

The Delhi Development Authority (DDA) has initiated the process to hire contractors to demolish the Signature View Apartment in Mukherjee Nagar — a residential complex that was declared unfit for habitation in November 2022 — even as a stay on the demolition of the society, as ordered by the Delhi high court last week, continues. Signature View Apartment, built over 2.16 acres, was launched...

NBCC sells 4.8 lakh sq ft of commercial space for ₹1905 crore in Delhi’s World Trade Centre

NBCC sells 4.8 lakh sq ft of commercial space for ₹1905 crore in Delhi’s World Trade Centre

NBCC (India) Ltd, the government’s construction arm, has sold commercial space spread across an area of 4.8 lakh sq ft for ₹1905 crore in the World Trade Centre located in Delhi, the company said in a statement. NBCC (India) Ltd, the government’s construction arm, has sold commercial space spread across an area of 4.8 lakh sqft for ₹1905 crore in the World Trade Centre at Nauroji Nagar,...

Bengaluru-based real estate firm Concorde acquires 4.5 acre land for ₹100 crore

Bengaluru-based real estate firm Concorde acquires 4.5 acre land for ₹100 crore

Bengaluru-based real estate developer, Concorde, has acquired 4.5 acre land for ₹100 crore in Thanisandra, a micro market of North Bengaluru to develop a residential project with a revenue potential of ₹400 crore. Also Read: Bengaluru real estate: 70% realty assets in the city developed through joint development agreements Bengaluru-based real estate developer, Concorde, has acquired 4.5...

DLF is raising ₹600 crore through issue of debentures to investors

DLF is raising ₹600 crore through issue of debentures to investors

Real estate major DLF Ltd is raising ₹600 crore through issue of non-convertible debentures (NCDs) to investors, the company said in a regulatory filing on March 27. Real estate major DLF Ltd is raising ₹600 crore through issue of non-convertible debentures (NCDs) to investors, the company said in a regulatory filing on March 27.(Representational image/HT Archive) The company's wholly...

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