The Union Cabinet’s approval for phase 3 of the Bengaluru Metro Rail Project is expected to boost property prices in select localities by over 30%, real estate consultants who spoke to HT.com said. Green light for Phase 3 of Bangalore Metro Rail Project to boost property prices by over 30%, consultants say (Representational photo)(Ajay Aggarwal/HT Photo) Manoj Agarwal, founder of Agarwal...
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The Haryana Mass Rapid Transport Corporation (HMRTC) has approved two new Metro routes in Gurugram, officials aware of the matter said on Sunday. The decision will result in a major push for the expansion of the Metro rail in the city, taking the network to densely populated areas and connecting them with major business districts, they said. A Metro train en route to Millennium City Centre...
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GREATER NOIDA: The Greater Noida has given a final warning to the property allottees who are yet to execute their registry or start construction on their residential plots even after two decades of allotment, as they face allotment cancellation. During a board meeting held on June 12, the authority had approved a decision that required the allottees to complete the registry by June 30, 2024,...
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IT services major LTI Mindtree has leased an office space spanning 5.85 lakh square feet in Chennai’s Manapakkam suburb for a starting monthly rental fee of ₹3.98 crore, registration documents accessed through real estate data analytics platform Propstack showed. LTI Mindtree has leased 5.85 lakh square feet office space in Chennai for five years at a monthly rent of ₹3.98 crore...
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The Union Cabinet on August 16 approved three metro rail projects in Bengaluru in Karnataka, and Thane and Pune in Maharashtra, where assembly elections are due later this year. Experts said that the approved metro projects in the two cities hold significant real estate growth potential for respective cities in the long-term. The Union Cabinet on August 16 approved three metro rail projects in...
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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for real estate agents to undergo training and obtain the prescribed registration certificate. It had warned that a failure to do so will lead to the authority suspending registrations of such real estate agents. Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for real estate agents...
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To safeguard the interests of homebuyers, the UP RERA on August 16 said that promoters of 400 group housing projects in Uttar Pradesh have been warned of putting them in "abeyance" list after they failed to upload the land records or maps on its portal. UP RERA warns to put 400 real estate projects in ‘abeyance’ over delay in uploading maps and land records The promoters were expected to...
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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved three major metro rail projects and two new airport facilities across India. Union minister I&B and Railways Ashwini Vaishnaw.(HT) One of the key approvals was for a New Civil Enclave at Bihta in Patna. With an estimated cost of ₹1,413 crore, the facility is designed to alleviate the saturation of existing...
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Bengaluru recorded a almost 70% year-on-year surge in industrial and logistics leasing during the January-June period of the ongoing calendar year at 3.4 million square feet. Third party logistics players drove this activity with a 54% share, followed by the e-commerce (13%) and retail (10%) segments, according to a report released by property consultancy CBRE on August 16. Bengaluru tops...
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Gurugram-based flexible office operator Smartworks Coworking Spaces has filed its preliminary papers with markets regulator Securities and Exchange Board of India to mobilise funds through an initial public offering (IPO). Smartworks Coworking Spaces files draft papers with Sebi, to raise ₹550 crore through IPO(HT file photo) The IPO will include a mix of fresh issuance of equity shares...
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