2024

Bengaluru-based Prestige Group has raised ₹2,001 crore from the Abu Dhabi Investment Authority (ADIA) and Kotak AIF to develop greenfield residential projects across four cities - Bengaluru, Mumbai, Goa, and NCR - with a combined Gross Development Value (GDV) of over ₹18,000 crore. Bengaluru-based Prestige Group has raised ₹2,001 crore from the Abu Dhabi Investment Authority (ADIA) and...

Hotel Investments in India touched $401 million in 2023 which was nearly a four-fold increase in the volumes witnessed in 2022. As many as 25% of the overall value of transactions involved under-construction hotels in both business and leisure destinations, a report by JLL titled. Hotel Investment Trends - India 2023 showed. Hotel Investments in India touched $401 million in 2023 which was...

While intra-day volatility will likely continue in the near term, the focus will slowly shift to fourth quarter corporate earnings, experts say Source link...

From the traditional belief that India lives in villages to the conviction that this is India’s urban century, the country’s idea of socio-economic growth and development has transformed significantly in the last 75 years. To understand the change in narrative and policy response, the processes of the rural-to-urban transition, its pace and measurement, and the challenges and opportunities it...

The Noida authority on Sunday said that it has given permission for the registry of a total of 13,639 apartments as realtors of 35 housing projects have given their consent to clear their financial dues. CM Yogi Adityanath had directed the Noida authority in December, 2023 that the home-buyers must get possession and apartment registry without any inconvenience. (Sunil Ghosh/HT Photo) To...

Homebuyers of Unitech Vistas in Gurugram’s Sector 70 said on Sunday that the resumption of work on the project has put an end to their decade-long ordeal in which they had been paying EMIs and rent, were denied bank loans, and some even retired from their jobs while waiting for a home. Unitech Vistas project was launched in 2008 with 1,287 flats which were to be delivered in 2012. (Parveen...

Mumbai: The second phase of a door-to-door survey of Dharavi residents to determine eligibility for free housing will begin on April 1 on Monday from Kamla Raman Nagar area for the redevelopment project of Asia’s largest slum. On March 18, a survey began in Dharavi where its residents were given unique identification numbers for their homes. It was followed by laser mapping of the respective lanes....

Mumbai city recorded registration of 14,411 properties, contributing to a revenue of ₹1,143 crore for the state government in the month of March 2024. Registrations increased by 10% year-on-year (YoY) while revenue from property registrations dipped by 7% on a YoY basis, Maharashtra government's department of Registrations and Stamps (IGR) data showed. Mumbai city recorded registration of...

Noida: Days after residents of Gardenia Glory society in Sector 46, Noida put up banners of “no registry, no vote”, the Noida authority has directed the concerned builder to pay dues by April 12 so that registry of flats at the society can be started, officials said on Friday. No registry, no vote’ banners had been put up at two high-rise societies in Sector 75, with residents seeking...

Despite global headwinds, the Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sq ft across top eight cities in Q1 2024, according to Cushman & Wakefield’s Q1 office data. The office space in India's top seven markets is expected to increase to over 800 mn sq ft by the fourth quarter of 2023, up from the current 792.8 mn sq ft as of September...