DLF Ltd announced on November 29 that its subsidiary, DLF Info City Developers (Kolkata) Ltd., a wholly owned subsidiary of DLF Cyber City Developers Ltd, has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP, an affiliate of Primarc and RDB group, on a slump sale basis for an aggregate consideration of approximately Rs....

Nov 29, 2024 07:38 PM IST In a regulatory filing on Nov 29, Macrotech Developers informed that the company has executed a Share Purchase Agreement (SPA) for the acquisition  Listed real estate developer Macrotech Developers, also known as Lodha, has executed a share purchase agreement for acquisition of 100% stake in Janus Logistics and Industrial Parks Private Limited for ₹47.94...

Real estate developers, banks, financial institutions and private equity funds remain positive on the sector's long-term growth prospects. While developers are adapting to shifting market dynamics and leveraging ongoing sales momentum, the non-developer segment exudes confidence in well-structured real estate projects, according to a sentiment index by Knight Frank and Naredco. Real estate...

In response to repeated non-compliance of mandatory submission of annual reports of the real estate projects under construction, the Haryana Real Estate Regulatory Authority (HeRera), Gurugram, has warned real estate promoters to submit annual reports within 30 days to avoid a penalty of ₹5 lakh. Haryana Real Estate Regulatory Authority (HeRera), Gurugram, has warned real estate promoters to...

Mumbai real estate market is the most expensive real estate market in the country and purchasing a home in the financial capital is a dream come true for many homebuyers considering that apartments cost as much as ₹20,000 per sq ft to ₹1.50 lakh per sq ft if not more. Mumbai real estate market is the most expensive real estate market in the country. (Picture for representational purposes...

The Noida authority said it has approved the detailed project report (DPR) of Safe City project, under which 2,100 CCTV cameras will be installed at 212 locations in Noida with an aim to put the city under e-surveillance for the safety of citizens. Noida authority nod for Safe City project to install CCTV cameras across city Officials said chief executive officer Lokesh M on Wednesday...

US-headquartered data centre firm Equinix India Pvt Ltd has purchased 5,597 sq m (1.38 acres) of land in Mumbai's Chandivali area for ₹155 crore, according to the property registration documents accessed by CRE Matrix. US-headquartered data centre firm Equinix India Pvt Ltd has purchased 5,597 sq m (1.38 acres) of land in Mumbai's Chandivali area for ₹155 crore. (Photo for representational...

(Bloomberg) -- China’s multiyear property crisis is set to drag on in 2025 as prices and sales remain weak despite the government’s stimulus push to spur demand, according to Fitch Ratings. China’s property slump may extend into 2025, Fitch Ratings says (Representative photo)(AFP) China’s new home prices will fall by another 5% next year, as measured by China’s official statistics...

Nov 28, 2024 07:55 PM IST The Union Housing and Urban Affairs Ministry has received 28 proposals from 23 states for incubation of new cities New Delhi, Nov 28 (PTI) The Union Housing and Urban Affairs Ministry has received 28 proposals from 23 states for incubation of new cities, which are currently with the competent authority for examination, the Lok Sabha was informed on November 28....

Survey work for 25,000 tenements has been completed and 60,000 dwellings have been numbered since the exercise began in March this year on the Dharavi redevelopment project, according to the statement issued by Dharavi Redevelopment Project Pvt Ltd (DRPPL), a joint venture between the government of Maharashtra and the Adani Group on November 28. Dharavi redevelopment: Survey work for 25,000...