April 2024

Kanodia Group acquires land in Gurugram for ₹153 crore; plans to develop a luxury housing project

Kanodia Group, which is into the cement business, has acquired a 1.74 acre land parcel in Gurugram for ₹153 crore and plans to develop a luxury real estate project on it, the company said in a statement.The company has recently announced its plan to enter into the real estate sector and invest ₹5,000 crore over the next 5-7 years. Kanodia Group, which is into the cement business, has...

Brigade Enterprises records sale bookings of ₹6,013 crore in FY24

Bengaluru-based Brigade Enterprises Limited reported an almost 46% increase in its annual sale bookings to record sale bookings of ₹6,013 crore in FY24 on the back of increase in housing demand. Bengaluru-based Brigade Enterprises Limited reported an almost 46% increase in its annual sale bookings to record sale bookings of ₹6,013 crore in FY24 Its sale bookings stood at ₹4,109 crore in...

Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate firm, Vatika Limited, with more than ₹6 lakh for violating the builder-buyer agreement provisions and directed the promoter to execute the BBA within a month. The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate company Vatika Limited with more than ₹6 lakh for violating the...

Dubai mansion sales soar as wealthy flock to palm-shaped island

(Bloomberg) -- Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first quarter as the world’s ultra-wealthy continue to flock to the Middle East’s business and tourism hub despite mounting geopolitical tension across the region.  Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first quarter (Getty/ Representational...

Industrial and warehousing supply in Q1 2024 touches 7 mn sq ft, highest in last two years

Industrial and warehousing supply inched towards 7 million sq ft during Q1 2024, the highest in the last two years. Mumbai and Chennai led the demand with about 55% share. Around 33% of the new Grade A developments in the first quarter was concentrated in Delhi NCR, a report by Colliers has said. Industrial and warehousing supply inches towards 7 million sq ft during Q1 2024, (Photo for...

Brigade Group to invest ₹400 crore to develop office space in Chennai

Brigade Enterprises Limited will be investing ₹400 crore to develop a commercial project in Chennai, the company said in a statement. Brigade Enterprises Limited will be investing ₹400 crore to develop a commercial project in Chennai (Picture for representational purposes only)(Pexel) The company has entered into a Joint Development Agreement (JDA) with Agni Estates & Foundations Pvt...

Lodha sells two luxury apartments in Mumbai for ₹270 crore

Macrotech Developers, which uses the Lodha brand, has sold two apartments in its luxury project Lodha Malabar on Walkeshwar Road, Malabar Hill, one of Mumbai’s posh areas, for ₹270 crore to the chairman and managing director of Wellknown Polyesters Ltd, Anil Gupta, documents accessed by IndexTap showed. Macrotech Developers has sold two apartments in its luxury project Lodha Malabar for...

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