DLF retains FY25 sales bookings target at ₹17000 crore; receivables from customers at ₹21000 crore

DLF retains FY25 sales bookings target at ₹17000 crore; receivables from customers at ₹21000 crore

New Delhi, Jul 26 (PTI) Realty major DLF has maintained sales bookings guidance of ₹17,000 crore with likely upside for this fiscal and said it has receivables of around ₹21,000 crore from customers compared to residual construction expenses of about ₹11,000 crore on ongoing projects. DLF retains FY25 sales bookings target at ₹17K cr; receivables from customers at ₹21k cr...

Kushal Tandon buys a 2002 sq ft property in Alibaug for ₹2 crore

Kushal Tandon buys a 2002 sq ft property in Alibaug for ₹2 crore

After Amitabh Bachchan and Kriti Sanon, model and actor Kushal Tandon has purchased a 2,000 sq ft plot in Alibaug, a second home destination near Mumbai. He has purchased the land parcel in the Sol de Alibaug project by The House of Abhinandan Lodha (HoABL) for ₹2 crore, the company said. Model and actor Kushal Tandon has purchased a 2,000 sq ft plot in Alibaug, a second home destination near...

M3M India appoints Stuart McConnachie as chief construction controller

M3M India appoints Stuart McConnachie as chief construction controller

Real estate company M3M India, that is developing many housing and commercial projects in Delhi-NCR, has appointed Stuart McConnachie as Chief Construction Controller. M3M India appoints Stuart McConnachie as chief construction controller McConnachie has a wide range of experience in construction management, project oversight, quality control, and safety regulations, making them...

Godrej Properties says UT of Chandigarh has revoked building plans, occupation certificate of a commercial project

Godrej Properties says UT of Chandigarh has revoked building plans, occupation certificate of a commercial project

Jul 26, 2024 06:13 PM IST Godrej Properties said in a regulatory filing that Chandigarh has revoked the building plans and OC of a commercial project and that it will challenge the order Godrej Properties has said in a regulatory filing that the government of Union Territory of Chandigarh has revoked the building plans and occupation certificate of a commercial project in the city for...

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report

Bengaluru leads office space absorption by global capability centers in India at 4.3 mn sq ft: Report

Bengaluru accounts for the highest office space absorption by global capability centers (GCCs) in India at 4.3 million square feet, according to a Knight Frank India - 3AI report released on July 26. Additionally, the total office space take up by GCCs in the country is estimated to reach 26 million square feet by 2027, up from 19.69 million square feet in 2023, per the report. Bengaluru leads...

WeWork India renews lease for 1.4 lakh sq ft office space in Mumbai at ₹2.25 crore rent per month

WeWork India renews lease for 1.4 lakh sq ft office space in Mumbai at ₹2.25 crore rent per month

Flexible workspace solutions provider, WeWork India, has renewed a lease agreement for 1.40 lakh sq ft office space in Mumbai at a monthly rental fee of ₹2.25 crore, property registration documents accessed through real estate data analytics platform Propstack showed. WeWork India has leased 1.4 lakh sq ft office space in Mumbai for ₹2.25 crore rent per month(WeWork India) According to...

DLF plans to launch ₹1.04 lakh crore worth real estate projects in medium term

DLF plans to launch ₹1.04 lakh crore worth real estate projects in medium term

New Delhi, July 26 (PTI) Realty major DLF plans to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of ₹1.04 lakh crore as part of its strategy to encash strong demand for luxury homes. DLF plans to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of ₹1.04 lakh...

Noida Authority takes steps to give more waivers to real estate developers

Noida Authority takes steps to give more waivers to real estate developers

The Noida authority has started taking measures to offer interest waivers to realtors whose construction work was disrupted due to orders of the National Green Tribunal, officials of the authority said on Thursday. However, this waiver will be given only to those realtors who have paid their land cost dues under a state government policy meant for stalled legacy housing projects, announced last...

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. A dominant 63% of the launches fell in the upper-mid segment, consisting of apartments priced between ₹1 - 3 crore, the analysis showed. Bengaluru tops housing sales and...

Hyderabad’s property registrations touch ₹12,000 crore in Q2 2024

Hyderabad’s property registrations touch ₹12,000 crore in Q2 2024

Hyderabad's property registrations increased 11% year-on-year to 19,574 transactions, amounting to a total of ₹11,953 crore during the April-June period of 2024, according to a report released by proptech firm Square Yards on July 25. Homebuyers in Hyderabad are opting for bigger and costlier homes, report says (Representational photo)(Pixabay) The registered home sales value grew 27%...

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