August 2024

Embassy Pune Techzone Pvt Ltd of the Embassy Office Parks REIT has leased 1.23 lakh sq ft of commercial space in Pune to Volkswagen Group Technology Solutions India Pvt Ltd at a monthly rent of ₹66 lakh for five years, according to the property registration documents accessed by FloorTap.com Embassy Pune Techzone Pvt Ltd of the Embassy Office Parks REIT has leased 1.23 lakh sq ft of...

NOIDA: As the Noida authority approves the resolution plan, the Max Group is all set to take over the 3C Group’s Delhi One project that consists of a five-star hotel, service apartments and office space at Delhi-Noida border. The authority board has approved the settlement under which the Max Estate will pay ₹542 crore out of ₹932.68 crore total dues owed by realtor of Delhi One, along...

Real estate developers, investors and financial institutions are cautiously optimistic about growth in the sector in the next six months, according the 41st edition of the Knight Frank – NAREDCO Real Estate Sentiment Index Q2 2024 (April – June 2024) report. Real estate developers, investors and financial institutions are cautiously optimistic about growth in the sector in the next six...

MUMBAI: The MHADA housing lottery has opened up avenues for scamsters as well. On August 13, MHADA authorities chanced upon a fake website in its name, which has already trapped several hopefuls desirous of getting a house through the MHADA lottery 2024. The housing authority has now registered a complaint with the cyber cell of the Mumbai police. Mumbai, India - 24 Feb. 2016 : People checking...

The Indian Banks' Association (IBA) has estimated that there are 4.12 lakh stressed residential units, involving over ₹4 lakh crore, in the country. More than half of these units—about 2.40 lakh— are in the National Capital Region alone. In 2023, the Indian Banks' Association (IBA) estimated that 4,12,000 stressed residential units, involving over ₹4 lakh crore, have been impacted by...

The Noida authority said that the Kotak Investment Advisors has agreed to take over Supertech Supernova project, which was delayed due to the fund crisis being faced by the realty firm, Supertech Realtors Private Limited — one of the subsidiaries of Supertech Group. The Supertech Realtors Private Limited on Tuesday said that now with the Kotak Investment Advisor infusing the funds, this...

The Pune real estate market saw a 25% year-on-year (YoY) increase in property registrations in July 2024 with 13,314 properties being registered as against 10,614 in the same period a year ago, according to the data shared by Maharashtra government’s Department of Registrations and Stamps – the Inspector General of Registration and Controller of Stamp (IGR). The Pune real estate market saw...

Real estate firm Ashiana Housing and Arihant Foundation & Housing have partnered to develop a housing project for senior citizens in Chennai with an investment of ₹225 crore, the company said in a statement. Ashiana Housing and Arihant Foundation & Housing have partnered to develop a housing project for senior citizens in Chennai with an investment of ₹225 crore. (Representational...

Bengaluru and Mumbai accounted for more than 50% share of the total 13 mn sq ft of office space leased in green-certified buildings in the top six cities in the second quarter of 2024, according to a report by Colliers. Bengaluru and Mumbai accounted for more than 50% of the total 13 mn sq ft of office space leased in green-certified buildings in the top six cities (Representational...

Raymond Realty plans to foray into the Pune real estate market with the launch of a housing project having a topline of around ₹2,000 crore. It is currently scouting for a land parcel, Harmohan Sahni, CEO of Raymond Realty told HT.com Raymond Realty plans to foray into the Pune real estate market with the launch of a housing project with a topline of around ₹2,000 crore, said CEO Harmohan...