August 2024

Bengaluru-based real estate conglomerate, the Prestige Group, has 43 upcoming projects spanning a total of 92 million square feet across its residential, commercial and retail portfolios, according to details shared by the company in its investors’ presentation. Prestige Estates is eyeing 43 real estate projects across residential, commercial and retail segments (Representational...

  Listed real estate firm Valor Estate, formerly known as DB Realty, plans to launch three to four projects in the ongoing fiscal, including residential, commercial and hospitality projects across Mumbai Metropolitan Region (MMR), said Vinod Goenka, chairman and MD of Valor Estate.(Valor Estate) Listed real estate firm Valor Estate, formerly known as DB Realty, plans to launch three to four...

The Yamuna Expressway Industrial Development Authority (Yeida) has said that it has extended the deadline to apply for its residential plot scheme to August 23, 2024 from August 5. The decision to extend the last date came in view of the overwhelming demand from applicants who wished for more time to prepare and submit their applications, Arun Vir Singh, chief executive officer, Yeida told Hindustan...

Aug 06, 2024 08:38 AM IST Country Garden Holdings Co.’s sales slump dragged on last month, adding to the Chinese developer’s woes as it tries to avoid liquidation. (Bloomberg) -- Country Garden Holdings Co.’s sales slump dragged on last month, adding to the Chinese developer’s woes as it tries to avoid liquidation. Country Garden Holdings Co.’s sales slump dragged on last...

Bengaluru-based real estate firm Brigade Enterprises on August 5 reported that its profit in the April to June quarter of the current fiscal year grew nearly four-fold to ₹81 crore from ₹22 crore in the year-ago period. Brigade Enterprises Limited’s net profit up four times to ₹81 crore in Q1 FY25(Brigade Enterprises Limited) The company’s consolidated revenue from operations grew...

Mumbai-based listed real estate developer Keystone Developers, also known as Rustomjee Group, on August 5 reported an almost 45% fall in profit from ₹47 crore in Q1FY24 to ₹26 crore in the June quarter of FY25. Mumbai-based listed real estate developer Keystone Developers, also known as Rustomjee Group, on August 5 reported an almost 45% fall in profit from ₹47 crore in Q1FY24 to ₹26...

Aug 05, 2024 05:16 PM IST No material impact on company’s operations was witnessed, Sobha Ltd said in an exchange filing on August 5 Bengaluru-based real estate firm Sobha Limited’s IT infrastructure was hit by a ransomware attack on August 4, the company said in a regulatory filing. Ransomware attack hits Bengaluru-based Sobha Limited’s IT systems (Representational...

Bengaluru led leasing by Global capability centres (GCCs) in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 (Representational photo)(Pexels) According to the report, GCCs leased nearly 53 million square feet of office space across the six...

Sanjeev Jain, Managing director and CEO of Parsvnath Developers Private Limited and a resident of DLF Phase-2, Gurugram, was taken into custody by Delhi Police on August 3 following warrants issued by the National Consumer Disputes Redressal Commission (NCDRC). A Parsvnath Developers project in Gurugram. (HT Archive) The consumer commission had issued warrants against him on July 18 after...

Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024 doing away with the indexation benefits on long-term capital gains (LTCG) on sale of property. Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024-2025 doing away with the indexation benefit on long-term capital gains (LTCG) on sale of property. (Picture for representational...