September 2024

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 (H1 2024) from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by Hyderabad and Mumbai with 3.08 mn sq ft and 2.66 mn...

The Unitech board appointed by the Supreme Court has decided to resume construction work on stuck housing projects in Noida, igniting hope among the homebuyers who have been waiting for the delivery of their apartments for more than a decade. The move comes after the Noida authority approved the revised building maps in June. (HT file photo) The Unitech management on Thursday said that a...

MUMBAI: A low-key ceremony on Thursday morning marked the beginning of Dharavi’s revamp. A puja was organised in an area called Sector 6 in Matunga, marking the commencement of construction of the railway staff quarters and offices to be handed over to the government as mandated in the Dharavi redevelopment tender documents. Dharavi redevelopment: A low-key ceremony on Thursday morning marked...

Bengaluru-based listed real estate developer Puravankara on September 12 announced that it has secured redevelopment rights of a housing society named Miami Apartments at Breach Candy in South Mumbai. Bengaluru-based listed real estate developer Puravankara on September 12 announced that it has secured redevelopment rights of a housing society named Miami Apartments at Breach Candy in South...

Google has renewed its lease for a 3.7 lakh sq ft office space in Hyderabad for five years with the landlord Megasoft Limited for a rent of ₹2 crore per month, documents accessed by Propstack showed. Google has renewed its lease for 3.7 lakh sq ft office space in Hyderabad for five years with the landlord Megasoft Limited for a rent of ₹2 crore per month. (Jeff Chiu/AP) (Representational...

Coworking space provider 315Work Avenue has leased an additional 56,000 square feet of office space in International Tech Park Pune (ITPP) to take its overall space take-up in the facility to 1 lakh square feet, the company said in a statement. The flexible office space provider had earlier leased 44,000 square feet in ITPP. 315Work Avenue leases additional 56,000 square feet office space in...

Birla Estates, the real estate venture of the Aditya Birla Group, has acquired a land parcel in Kalwa near Mumbai for ₹537.42 crore. The land parcel spread across 24.5 acres has been bought from Hindalco Industries Limited, according to the property registration documents accessed by SquareYards. Birla Estates, the real estate venture of the Aditya Birla Group, has acquired a land parcel in...

Bollywood actor, director and producer Ajay Devgn, has renewed a lease agreement for two commercial units spanning 1,500 sq ft in Andheri area of Mumbai for a monthly rent of ₹4.16 lakh, according to property registration documents accessed by Proptstack Bollywood actor, director and producer Ajay Devgn, has renewed a lease agreement for two commercial units spanning 1,500 sq ft, in Andheri...

Real estate developer Sumadhura Group has leased a 1.8 lakh-square feet warehousing space for nine years to global logistics company NX Logistics India (Nippon Express) at Sumadhura Logistics Park in Bengaluru, the company said in a statement on September 12. Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru(Sumadhura Group) The facility is a part of the...

The National Real Estate Development Council (NAREDCO) Maharashtra, an apex body of real estate developers, has asked the Maharashtra government to allocate 5,000 slum redevelopment projects to the industry body. National Real Estate Development Council (NAREDCO) Maharashtra, an apex body of real estate developers, has asked the Maharashtra government to allocate 5,000 slum redevelopment...