August 2024

Student housing operator, The Hive Hostels, has raised ₹11.5 crore from investors, including Shriram Madhav Nene, who is Bollywood actor Madhuri Dixit’s husband and a doctor by profession. The Hive Hostels raises ₹11.5 crore in pre-IPO funding round(The Hive Hostels) The Hive Hostels said it has "completed a pre-IPO funding round, securing ₹11.5 crore investment" from investors....

After the MHADA housing lottery 2024 for Mumbai, City Industrial Development Corporation (CIDCO) has launched a draw for 902 affordable homes in Mumbai’s satellite city Navi Mumbai. The CIDCO lottery 2024 is offering homes in the range of ₹26 lakh to over ₹2 crore in areas such as Kalamboli, Kharghar and Ghansoli among others. CIDCO Lottery 2024: City Industrial Development Corporation...

Mumbai-headquartered fractional ownership platform hBits has applied for Small and Medium REITs (SM REITs) license with the Securities and Exchange Board of India, the company said in a statement on August 27. Fractional ownership platform hBits applies for SM REITs license with Sebi; aims first listing by Q3 FY25 (Representational photo)(Pixabay) hBits expects to receive the license in the...

ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, has made a ‘successful early exit’ from Shriram Pristine Estates, a 49-acre plotted development project in Doddaballapura, Bengaluru. ASK Property Fund exits Shriram Properties' 49-acre plotted development project in Bengaluru(Shriram Properties Limited) Launched in 2022,...

Kangana Ranaut, a BJP MP and Bollywood actor, has purchased an office space in Mumbai's Andheri area for ₹1.56 crore, according to property registration documents accessed by Propstack. Kangana Ranaut, a BJP MP and Bollywood actor, has purchased an office space in Mumbai's Andheri area for ₹1.56 crore.(HT Files) The property spread across 407 sq ft is located on the 19th floor of a...

Home buyers in Gurugram and Badshahpur, dissatisfied by the apparent neglect of their demands and concerns by the government and political parties, have announced that they will field their own candidates in the Haryana assembly elections in order to represent the rights of urban residents of the city under the aegis of Federation of Apartment Owners Association (FAOA). The body will be holding...

Increasing institutional participation, along with a push for transparency, has led to the adoption of best industry practices in India's commercial real estate market. This has led to the country's Tier 1 markets move to the transparent tier for the first time in JLL's Global Real Estate Transparency Index. India's Tier 1 markets have moved to the transparent tier for the first time in JLL's...

Noida-headquartered proptech startup HouseEazy has raised $7 million in Series-A funding led by Chiratae Ventures, the company said in a statement on August 26. Proptech startup HouseEazy raises $7 million from Chiratae Ventures, others (Representational photo)(Unsplash) HouseEazy is a full-stack marketplace for resale homes with presence in Noida and Ghaziabad. The company has recently...

Ravi Menon, co-chairman of Dubai-based Sobha Group, will assume the role of chairman of the Group effective November 18, 2024, the company said in a statement on August 26. Sobha Realty elevates Ravi Menon as chairman of Sobha Group, PNC Menon to continue as founder(Sobha Realty) PNC Menon, the founder and chairman of Sobha Group, will retire from his active role of chairmanship, while...

Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30%, a report by Credai, Colliers and Liases Foras has said. Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30%(HT Photo/ Representative Photo)...