October 2024

Mumbai: A proposal to allot 140 acres of land at Madh to resettle Dharavi residents as part of the Dharavi redevelopment project was cleared by the state cabinet on Thursday. The land will be used to build affordable, rental housing for Dharavi residents ineligible for free housing under the redevelopment scheme. Hindustan Times had reported on the plan in its edition on October 6. The land...

The Reserve Bank of India’s decision to keep repo rates unchanged at 6.5% for the 10th consecutive time will help the housing market to maintain momentum during the festive season. With interest rates staying steady, equated monthly installments will remain manageable for current and future homeowners, potentially leading to increased home sales, particularly in the festive months. The...

Real estate developer Arvind SmartSpaces Limited, a part of Lalbhai group, on October 9 announced that it has signed a new housing project in Bengaluru, with a total estimated saleable area of approximately 4.2 lakh square feet and a topline potential of around ₹600 crore. Arvind SmartSpaces signs 2.9-acre housing project in Bengaluru with topline potential of ₹600 crore (Representational...

Premium flexible workspace provider WeWork India on October 9 said that it has added the 61st building to its portfolio - WeWork 37 Cunningham spanning over 61,120 square feet in Bengaluru. WeWork India launches 61,000-sq ft office space in Bengaluru(WeWork India) Spread across four floors, the latest facility harbours 891 desks, the company statement said. “Catering to a more executive...

Gurugram-based coworking space provider Innov8 on October 9 announced the addition of a managed office space vertical to its business, with a target of completing development to the tune of 4 million square feet by the year 2027. OYO’s Innov8 launches managed offices vertical with 4 mn sq ft target by 2027(Innov8) As per the company, which is owned by hospitality chain OYO, it has pumped...

NCR-based Gaurs Group is restructuring the company to launch its Initial Public Offering (IPO) to generate funds for constructing a 5 mn sq ft commercial project in Noida and new acquisitions. NCR-based Gaurs Group is restructuring the company to launch its Initial Public Offering (IPO) to generate funds for construction of a 5 mn sq ft commercial project in Noida and new acquisitions. The...

Although the plot scheme floated by the Yamuna Expressway Industrial Development Authority (Yeida) has only 361 plots on offer, about 187,000 applicants are pinning their hopes on securing one, in a draw of lots to be organised by the authority on October 10 at the India Expo Centre in Greater Noida. The draw of lots will be organised by the authority on Thursday at the India Expo Centre in...

While Bollywood stars have been in the news for buying apartments across several luxury projects in Mumbai, there are several real estate developers who prefer selling their luxury flats to industrialists or high net worth individuals (HNIs) from non-Bollywood background, boutique developers HT.com spoke to said. While Bollywood stars have been in the news for buying apartments across several...

India lost a national icon, celebrated philanthropist and a visionary industrialist on October 9 as Ratan Naval Tata breathed his last at Mumbai’s Breach Candy Hospital. The chairman emeritus of Tata Sons was 86. Located opposite to Colaba post office, Bakhtavar is a 13,350- square foot multi-storey sea-facing property in South Mumbai, (NoBroker) Ratan Tata led the Tata Group for over two...

Real estate major DLF Ltd is expected to launch the country’s most expensive uber luxury real estate project comprising more than 400 super luxury apartments in Gurugram with the starting price expected to be around ₹80 crore, sources in the know told HT.com DLF Ltd is expected to launch the country’s most expensive uber luxury real estate project comprising more than 400 super luxury...