North West Bengaluru, which includes areas such as Peenya, Rajajinagar, Yeshwanthpur and Malleshwaram, is poised to witness a faster rate of growth in residential sales and prices over the next five years, compared to its counterparts in the IT capital, according to a report released by data analytics platform CRE Matrix on August 14. North West Bengaluru’s property prices are expected to...

Bengaluru-headquartered real estate developer Shriram Properties on August 14 posted a modest 5% growth in its net profit for the April-June quarter of the financial year 2024-25 at ₹17.5 crore. The company’s net profit stood at ₹16.6 crore in the year-ago period, the regulatory filing showed. Shriram Properties posts 5% growth in net profit to ₹17.5 crore in Q1 FY25 (Representational...

Embassy Pune Techzone Pvt Ltd of the Embassy Office Parks REIT has leased 1.23 lakh sq ft of commercial space in Pune to Volkswagen Group Technology Solutions India Pvt Ltd at a monthly rent of ₹66 lakh for five years, according to the property registration documents accessed by FloorTap.com Embassy Pune Techzone Pvt Ltd of the Embassy Office Parks REIT has leased 1.23 lakh sq ft of...

NOIDA: As the Noida authority approves the resolution plan, the Max Group is all set to take over the 3C Group’s Delhi One project that consists of a five-star hotel, service apartments and office space at Delhi-Noida border. The authority board has approved the settlement under which the Max Estate will pay ₹542 crore out of ₹932.68 crore total dues owed by realtor of Delhi One, along...

Real estate developers, investors and financial institutions are cautiously optimistic about growth in the sector in the next six months, according the 41st edition of the Knight Frank – NAREDCO Real Estate Sentiment Index Q2 2024 (April – June 2024) report. Real estate developers, investors and financial institutions are cautiously optimistic about growth in the sector in the next six...

MUMBAI: The MHADA housing lottery has opened up avenues for scamsters as well. On August 13, MHADA authorities chanced upon a fake website in its name, which has already trapped several hopefuls desirous of getting a house through the MHADA lottery 2024. The housing authority has now registered a complaint with the cyber cell of the Mumbai police. Mumbai, India - 24 Feb. 2016 : People checking...

The Indian Banks' Association (IBA) has estimated that there are 4.12 lakh stressed residential units, involving over ₹4 lakh crore, in the country. More than half of these units—about 2.40 lakh— are in the National Capital Region alone. In 2023, the Indian Banks' Association (IBA) estimated that 4,12,000 stressed residential units, involving over ₹4 lakh crore, have been impacted by...

The Noida authority said that the Kotak Investment Advisors has agreed to take over Supertech Supernova project, which was delayed due to the fund crisis being faced by the realty firm, Supertech Realtors Private Limited — one of the subsidiaries of Supertech Group. The Supertech Realtors Private Limited on Tuesday said that now with the Kotak Investment Advisor infusing the funds, this...

The Pune real estate market saw a 25% year-on-year (YoY) increase in property registrations in July 2024 with 13,314 properties being registered as against 10,614 in the same period a year ago, according to the data shared by Maharashtra government’s Department of Registrations and Stamps – the Inspector General of Registration and Controller of Stamp (IGR). The Pune real estate market saw...

Real estate firm Ashiana Housing and Arihant Foundation & Housing have partnered to develop a housing project for senior citizens in Chennai with an investment of ₹225 crore, the company said in a statement. Ashiana Housing and Arihant Foundation & Housing have partnered to develop a housing project for senior citizens in Chennai with an investment of ₹225 crore. (Representational...