April 2024

Anarock launches office leasing and advisory vertical, appoints Peush Jain as managing director

Anarock launches office leasing and advisory vertical, appoints Peush Jain as managing director

Property services group Anarock has announced the launch of its dedicated commercial office leasing services and the appointment of Peush Jain as managing director, corporate leasing and advisory. Anarock has announced the launch of its dedicated commercial office leasing services and the appointment of Peush Jain as managing director, corporate leasing and advisory. At Anarock, Jain will...

Office market surges to 16.2 mn sq ft transactions in Q1 2024; Residential sector keeps pace with sale of 86,345 units

Office market surges to 16.2 mn sq ft transactions in Q1 2024; Residential sector keeps pace with sale of 86,345 units

Office space transactions across the top eight markets in India touched 16.2 million square feet (mn sq ft) in Q1 2024, marking a 43% year-on-year (YoY) growth in Q1 2024. As far as the residential market is concerned, home sales surged by 9% YoY to 86,345 units, second only to Q4 2023 in six years. Mumbai led with 23,743 units sold, marking a 17% YoY increase, a report by Knight Frank titled India...

Chintels developer awaits admin’s nod for May 1 demolition

Chintels developer awaits admin’s nod for May 1 demolition

The demolition of five towers at the Chintels Paradiso residential complex at Gurugram Sector 109, which were deemed unsafe for habitation, will take around eight months, the developer has said, adding that it has sought formal permission from the Haryana department of town and country planning (DTCP) and the district committee to go ahead with its proposal. Chintels Paradiso located at...

Blackstone to invest  bn every year in India; wants quicker M&A clearances

Blackstone to invest $2 bn every year in India; wants quicker M&A clearances

Mumbai, Apr 3 (PTI) Global private equity major Blackstone Group is confident of investing $2 billion annually in India, a top official said on Wednesday. HT Image Its chief operating officer Jonathan D Gray pitched for a slew of measures to improve the ease of doing business for firms like it in India, including quicker approvals on mergers and acquisitions, easier privatization of listed...

First small and medium REIT expected to be listed by October: Naredco

First small and medium REIT expected to be listed by October: Naredco

India's first Small and Medium Real Estate Investment Trust (SM-REIT) is expected to be listed on stock exchanges by the month of October. This will enable small investors to own a share of rent-yielding real estate by investing as low as ₹10 lakh, according to G Hari Babu, president, Naredco, a body of real estate developers. India's first Small and Medium Real Estate Investment Trust...

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