Construction

MUMBAI: The redevelopment of 388 old and dilapidated Mhada buildings in South Mumbai may finally move forward. After attempts by these housing societies to invite private developers failed, the state housing agency has agreed to redevelop these buildings if approached by housing societies, in groups. A total of 27,373 families live in these 388 crumbling buildings, scattered across South...

A 34-year-old Reddit user’s question about whether a household earning ₹3.2 lakh per month can afford to purchase a ₹2.4 crore apartment in Bengaluru has sparked a discussion on financial planning, home loans, and rising property prices in the city.A 34-year-old Reddit user’s query on whether a household earning ₹3.2 lakh a month can afford a ₹2.4 crore Bengaluru apartment has sparked a...

Bengaluru-based Embassy Developments Ltd has sold more than 450 units worth approximately ₹860 crore within five days of launching Embassy Greenshore, its new residential project in north Bengaluru, the company stated in a press release.Embassy Developments has sold over 450 units worth about ₹860 crore within five days of launching its Embassy Greenshore project in north Bengaluru, the company...

Infrastructure major Larsen & Toubro on Monday announced the transfer of its realty business to its arm L&T Realty Properties Ltd.Infrastructure major Larsen & Toubro on Monday announced the transfer of its realty business to its arm L&T Realty Properties Ltd. (Photo for representational purposes only) (Pixabay)The development marks the beginning of a phased consolidation of all real...

Jones Lang LaSalle Property Consultants India (JLL) has leased 1.2 lakh sq ft of office space in Hyderabad’s Prestige Skytech for a monthly rent of ₹64.1 lakh for a five-year term, according to registration documents accessed by CRE Matrix.Jones Lang LaSalle Property Consultants India (JLL) has leased 1.2 lakh sq ft of office space in Hyderabad’s Prestige Skytech for a monthly rent of ₹64.1...

Sankey Prasad, a real estate entrepreneur and advisor, has acquired 100% ownership of the Colliers Project Leaders (CPL) business in the Middle East. With this acquisition, he assumes the role of chairman of the newly-independent entity, sources said.It is in advanced-stage discussions with a leading global private equity firm for a strategic partnership, signalling strong investor confidence in its...

Omaxe Group has repaid its entire ₹700+ crore debt exposure to Samman Capital that was formerly Indiabulls Housing Finance, the company said December 8.Omaxe Group has repaid its entire ₹700+ crore debt exposure to Samman Capital, formerly Indiabulls Housing Finance. (Photo for representational purposes only) (Pixabay)The company’s association with Samman Capital (formerly IndiaBulls Housing...

With more than 70 Global Capability Centres (GCCs) of companies such as Netflix, Eli Lilly, Costco and McDonald’s, now operating in Hyderabad, the city continues to cement its position as a global hub for enterprise innovation. Adding to this momentum, Hyderabad has reportedly attracted the GCC of French beauty major L’Oréal, the world’s largest cosmetics company.Hyderabad is attracting a record...

Gurugram: The National Capital Region Transport Corporation (NCRTC) has finalised the detailed project report (DPR) for the proposed Namo Bharat RRTS project, connecting Gurugram, Faridabad, and Noida at an estimated cost of ₹15, 000 crore. Initially, 10 six-coach trains will operate on this route, with a total carrying capacity of 1,928 passengers per train, including 408 seats. (HT FILE...

The Greater Bengaluru Authority (GBA), the apex body overseeing coordination and supervision of city corporations, has issued over 8 lakh e-Khatas across Bengaluru and is now preparing to launch passport-style service centres to accelerate approvals and enhance citizen experience, the authority said in a statement.The Greater Bengaluru Authority (GBA) has issued over 8 lakh e-Khatas and is set to launch...