August 2024

Saugata Gupta, Managing Director and CEO at Marico and wife Reema Sen have purchased an apartment for ₹36.4 crore in Mumbai's Worli, according to property registration documents accessed by Zapkey. Saugata Gupta, Managing Director and CEO at Marico and wife Reema Sen have purchased an apartment for ₹36.4 crore in Mumbai's Worli at Birla Niyaara project by Birla Estates. (Picture for...

The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 under which financial assistance will be provided to one crore urban poor and middle-class families through states and Union Territories to construct, purchase, or rent a house at an affordable cost in urban areas in five years. Union Cabinet approves PMAY-U 2.0 with ₹2.30 lakh crore housing assistance. (HT...

Fractional ownership platform Property Share has become the first fractional ownership platform (FOP) to receive the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the newly notified SM REIT regulations under the name of Property Share Investment Trust (PSIT), the company said in a statement on August 9. Property...

Aug 09, 2024 07:37 PM IST Blackstone currently holds around 43% stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties New Delhi, Aug 9 (PTI) Global investment firm Blackstone on August 9 sold 33 crore units in its REIT firm 'Nexus Select Trust' for around ₹4,550 crore through a block deal on stock exchanges as part of a...

The Maharashtra Housing and Area Development Authority (MHADA) lottery has 2030 apartments up for grabs this year. It revealed lavish High Income Group flats ranging from ₹1 crore to ₹7.58 crore in areas such as Tardeo, Goregaon, Malad, Borivali, Mulund and Juhu. MHADA lottery 2024 has 2030 apartments up for grabs this year. High Income Group flats ranging from ₹1 crore to ₹7.58 crore...

Macrotech Developers, also known as Lodha Developers, is currently considering names of a couple of new cities that it plans to enter and is expected to take a decision on the next city in the latter half of FY25, said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers. Macrotech Developers is considering names of a couple of cities that it plans to foray into...

NBCC, the government’s construction arm, has bagged a ₹15,000 crore project to develop a 406-acre satellite township in Srinagar, the company said.  NBCC, the government’s construction arm, has bagged a ₹15,000 crore project to develop a 406-acre satellite township in Srinagar. The Srinagar Development Authority (SDA) and NBCC (India) Ltd have signed an MoU for implementing the...

Godrej Properties Ltd (GPL) on August 9 confirmed that it has participated in an e-auction conducted by the Greater Noida Industrial Development Authority (GNIDA) for residential group housing plots, where GPL has emerged as the highest bidder for two land parcels with a total combined bid value of ₹842 crore, according to the e-tendering portal of SBI. Godrej Properties Limited has emerged...

It is one of Mumbai’s most coveted addresses where some of the wealthiest reside, but thanks to Thursday’s Bombay high court (HC) ruling, a popular film and television personality of the 1990s who lives here, will pay a monthly rent for her swanky apartment equivalent to a couple of cups of artisanal coffee. Maya Alagh and Sunil Alagh (HT Photo) Maya Alagh will continue to pay around...

Aug 09, 2024 09:34 AM IST Billionaire industrialist Yohan Poonawalla and his wife Michelle Poonawalla have purchased a ₹500 crore mansion in South Mumbai’s posh Cuffe Parade area. Billionaire industrialist Yohan Poonawalla and his wife Michelle Poonawalla have purchased a ₹500 crore mansion in South Mumbai’s posh Cuffe Parade area. The standalone property, spread over 30,000 sq ft,...