Construction

Office rental values increase by 7 percent in top seven cities

Office rental values increase by 7 percent in top seven cities

In H1 FY2024, Grade A office space rental value across the top 7 cities averaged at ₹83 per sq ft per month - up from an average of ₹77.5 per sq ft per month in the corresponding period in FY23. Chennai witnessed the highest 10 percent yearly increase in average office rental values, followed by Hyderabad with an 8 percent yearly growth Office space (Representational) Office rental values...

HCC sells 58.30 acre land parcel in Panvel for ₹95 crore

HCC sells 58.30 acre land parcel in Panvel for ₹95 crore

Hindustan Construction Company (HCC) has sold a 58.30-acre land parcel in Panvel in Raigad district near Mumbai to a Uran-based construction company for ₹95 crore as part of its plan to monetize its assets under a resolution plan worked out with 23 lenders. Representational photo The 2,36,890 sq m land parcel was put on the block for e-auction as part of the monetisation plan and...

Brigade Group signs JDA for office space in Bengaluru with ₹500 cr dev value

Brigade Group signs JDA for office space in Bengaluru with ₹500 cr dev value

Brigade Group has entered into a Joint Development Agreement (JDA) to develop a premium Grade A office space in Bengaluru’s Central Business District, with a development value of ₹500 crore. Bengaluru(Shutterstock) The developable area of the project is around 0.20 million square feet, the company said. Stay tuned with breaking news on HT Channel on Facebook. Join Now “This development...

HCC sells 58.30 acre land in Panvel for ₹95 crore

HCC sells 58.30 acre land in Panvel for ₹95 crore

Hindustan Construction Company (HCC) has sold a 58.30-acre land parcel in Panvel in Raigad district near Mumbai to a Uran-based construction company for ₹95 crore as part of its plan to monetize its assets under a resolution plan worked out with 23 lenders. The 2,36,890 sq m land parcel was put on the block for e-auction as part of the monetisation plan and Uran-based Oak and Stone...

Provident Housing to launch 5.8 mn sq ft of inventory worth ₹3,800 crore

Provident Housing to launch 5.8 mn sq ft of inventory worth ₹3,800 crore

Bengaluru-based real estate developer Puravankara Limited’s community housing arm, Provident Housing Limited, is expected to launch 5.8 mn sq ft of inventory worth ₹3,800 crore by end of the fiscal in markets such as Bengaluru, Kochi, and Chennai, the company’s chief executive officer Mallanna Sasalu said on December 6. Provident Housing CEO Mallanna Sasalu. The company has launched...

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