January 2025

Real estate firm Mindspace Business Parks REIT announced on January 24 an almost 8.3% increase in its net operating income to ₹522 crore for the quarter that ended in December 2024. Its net operating income stood at ₹473 crore in the year-ago period. Real estate firm Mindspace Business Parks REIT announced on January 24 an almost 8.3% increase in its net operating income to ₹522 crore for...

Real estate major DLF on January 24 reported an almost 61% increase in its consolidated profit to ₹1,058.73 crore for the third quarter ended December 31, 2024. Its net profit stood at ₹655.71 crore in the year-ago period. Real estate major DLF on January 24 reported an almost 61% increase in its consolidated profit to ₹1,058.73 crore for the third quarter ended December 31, 2024....

National Payments Corporation of India (NPCI) has leased 1.15 lakh sq ft of commercial office space in Mumbai's Goregaon area for an annual rent of over ₹25 crore for five years, according to the property registration documents accessed by Propstack.com Mumbai Real Estate: National Payments Corporation of India (NPCI) has leased 1.15 lakh sq ft of commercial office space in Mumbai's Goregaon...

Tier 2 cities such as Nagpur, Jaipur, and Lucknow top the list of 30 emerging cities for real estate growth and investment in the country due to their rapid infrastructural advancement, an analysis by Colliers has said. Operationalisation of the 701 km Samruddhi Mahamarg Expressway has positioned Nagpur at the top of the list among these 30 emerging cities for investment in India Colliers...

Ahmedabad-based listed real estate developer Arvind SmartSpaces announced its foray into the Mumbai Metropolitan Region (MMR) on January 24 by entering into a joint development agreement to build a 92-acre township with an estimated revenue potential of ₹1500 crore. Ahmedabad-based listed real estate developer Arvind SmartSpaces announced its foray into the Mumbai Metropolitan Region (MMR) by...

Akshay Kumar, who is in the news for the film Sky Force, has sold his apartment in Borivali East, Mumbai, for ₹4.25 crore, according to property registration documents reviewed by SquareYards. Akshay Kumar sells an apartment in Mumbai for ₹4.25 crore. Veer Pahariya and Akshay Kumar in the film Sky Force The property is in Sky City, developed by Oberoi Realty and spread across 25 acres....

Real estate firm Unitech was once the country’s second-largest developer. Over the years, several of its housing projects were stalled, and legal cases were brought against its promoters. Here's a look at the case,the recent Supreme Court orders, and who now leads the company. All that you need to know about the Unitech case. A Unitech project in Noida, as seen in 2017. (Representative...

The Supreme Court on Thursday constituted a special investigation team (SIT) of the Uttar Pradesh Police to probe the functioning of the Noida Authority and the possible involvement of senior officials in a case where landowners were disbursed compensation worth ₹12 crore more than they were entitled to. The allegations against the two accused were not limited to one solitary case. (ANI)...

The Ghaziabad Development Authority (GDA), for its upcoming board meeting, has prepared a proposal mandating a structural safety audit of all high-rise buildings of every three years. In July 2024, a survey by the municipal corporation indicated that the corporation’s jurisdictional area has about 319 residential high-rises comprising about 124,874 flats. (Sakib Ali/HT Photo) The...

Jan 23, 2025 11:22 PM IST Gurugram-based M3M said that it acquired the plot under the Noida Authority’s auction scheme for ₹400 crore. Delhi-NCR based M3M India has acquired a 24,000 sq m plot along the Noida Expressway under the Noida Authority’s auction scheme for ₹400 crore. This is the company’s third project in Noida, the company said in a statement on January 23....