Construction

Industrial and warehousing supply in Q1 2024 touches 7 mn sq ft, highest in last two years

Industrial and warehousing supply in Q1 2024 touches 7 mn sq ft, highest in last two years

Industrial and warehousing supply inched towards 7 million sq ft during Q1 2024, the highest in the last two years. Mumbai and Chennai led the demand with about 55% share. Around 33% of the new Grade A developments in the first quarter was concentrated in Delhi NCR, a report by Colliers has said. Industrial and warehousing supply inches towards 7 million sq ft during Q1 2024, (Photo for...

Brigade Group to invest ₹400 crore to develop office space in Chennai

Brigade Group to invest ₹400 crore to develop office space in Chennai

Brigade Enterprises Limited will be investing ₹400 crore to develop a commercial project in Chennai, the company said in a statement. Brigade Enterprises Limited will be investing ₹400 crore to develop a commercial project in Chennai (Picture for representational purposes only)(Pexel) The company has entered into a Joint Development Agreement (JDA) with Agni Estates & Foundations Pvt...

Lodha sells two luxury apartments in Mumbai for ₹270 crore

Lodha sells two luxury apartments in Mumbai for ₹270 crore

Macrotech Developers, which uses the Lodha brand, has sold two apartments in its luxury project Lodha Malabar on Walkeshwar Road, Malabar Hill, one of Mumbai’s posh areas, for ₹270 crore to the chairman and managing director of Wellknown Polyesters Ltd, Anil Gupta, documents accessed by IndexTap showed. Macrotech Developers has sold two apartments in its luxury project Lodha Malabar for...

Muji bets its minimalist retail will work for homes, hotels

Muji bets its minimalist retail will work for homes, hotels

(Bloomberg) -- Muji is bringing its minimalist aesthetic to habitation. Muji, a Japanese brand, is bringing its minimalist aesthetic to habitation. (Picture for representational purposes only)(Pixabay) Known for simple, monotone stationery, apparel and home goods, the Japanese retailer is betting that there’s just as much demand for no-frills homes and hotels, with plans to ramp up the...

74,486 housing units sold in Q1 2024; share of affordable housing sales decline

74,486 housing units sold in Q1 2024; share of affordable housing sales decline

Housing sales in the first quarter (Jan-March) of 2024 witnessed a 20% increase compared to the same period in 2023, with 74,486 units getting sold in the top seven markets across the country on the back of rising demand. The number is expected to touch more than 3 lakh units by the end of the year, JLL said in its report on April 15. Housing sales in the first quarter (Jan-March) of 2024...

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