2024

The Insolvency and Bankruptcy Board of India (IBBI) has proposed reforms to streamline the insolvency process for real estate companies and enhance protection for homebuyers. For thousands of buyers awaiting registration of housing units in projects undergoing the Bankruptcy resolution process, the IBBI has proposed that ownership of the plot, apartment or building should be transferred to buyers who...

Real estate developer Brigade Group on November 7 said it has signed a joint development agreement to build apartments spanning one million square feet, with a gross development value of ₹800 crore in Chennai. Brigade Group to jointly develop 1 million square feet residential project in Chennai (Representational photo) (PTI Photo) The residential project, set to be located in West Chennai,...

Nov 07, 2024 08:30 PM IST Bhattacharjee has been associated with the REIT since its listing and was a founding member of the team that helped list Embassy REIT in 2019 Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, on November 7 announced the appointment of Ritwik Bhattacharjee as its Interim Chief Executive Officer with immediate...

New Delhi, Nov 7 (PTI) Grosvenor and EIH London Investments Ltd on November 7 announced that South Molton, in London's prestigious Mayfair, will be home to the Indian luxury hospitality group's first Oberoi Hotel in the UK. Grosvenor and EIH London Investments Ltd on November 7 announced that South Molton, in London's prestigious Mayfair, will be home to the Indian luxury hospitality group's...

As many as 80% of people who aspire to own property prefer to take a home loan for it. Besides location (50%), size (45%), affordability (45%), availability of financing options (29%) and future resale value (22%) are factors that dictate the home buying decision making process, a report by Knight Frank India has said. As many as 80% of people who aspire to own property prefer to take a home...

Nov 07, 2024 04:39 PM IST The proceeds will be used for the partial or full prepayment or repayment of the outstanding borrowings, equity contribution, general purposes, Brookfield said New Delhi, Nov 7 (PTI) Brookfield India Real Estate Trust on November 7 announced plans to raise up to ₹3,500 crore through issue of units to institutional investors to reduce debt as well as to fund...

Mumbai-based real estate developer Ajmera Realty & Infra India Ltd sold 37% of the inventory in its latest residential project in Bengaluru within a week of its launch, the company said in a statement. Mumbai-based real estate developer Ajmera Realty & Infra India Ltd sold 37% of the inventory in its latest residential project in Bengaluru within a week of its launch, the company said...

Retail leasing of 1.6 mn sq ft was recorded in the third quarter of 2024 with Hyderabad, Delhi NCR, and Mumbai leading the volume. High streets and not malls dominated the leasing landscape, accounting for 68% of the total retail space leased this quarter. Also, high street rentals witnessed an average growth of around 15% in the quarter. Main street rentals in Gurugram’s Galleria Market...

Navi Mumbai: CIDCO’s mega housing scheme, ‘My Preferred CIDCO Home’ has seen a huge response, with around 70,000 applications already in for 26,000 houses located close to public transport facilities. The scheme is open till November 11 CIDCO"s scheme has received 70,000 applications already in for 26,000 houses located close to public transport facilities. Representational Image Chief...

Nov 07, 2024 12:06 PM IST Macrotech Developers Ltd enters into agreements for acquisition of Bain Capital’s stake in 3 joint entities under digital infrastructure platform for ₹307 crore Macrotech Developers Ltd, that sells real estate properties under the Lodha brand, has acquired Bain Capital’s stake in three industrial and logistics park entities for ₹307 crore in line with its...