Construction

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The value of the Indian real estate sector will touch an estimated $1.5 trillion, constituting 15% of the total economic output by 2034. The residential market is expected to lead with a value of $906 billion, followed by the office sector contributing $125 billion, a report titled ‘Indian Real Estate: A Decade from Now’, Knight Frank India, in association with the Confederation of Indian Industry...

Work on housing quarters at Netaji Nagar — under a redevelopment project to be undertaken by public sector enterprise NBCC — is expected to start by June and will be completed in seven phases, officials aware of the matter said. While the total area under the project is about 445,154 square metres (110 acres), Netaji Nagar originally comprised around 2,700 old quarters with an approximate...

The Noida authority has directed 42 of the 57 realtors to pay their dues and obtain permission for executing registry, thereby offering relief to homebuyers who have been waiting for long to transfer flats to their names. The Noida authority said in the meeting, it was confirmed that 42 of 57 realtors have given their consent to make payment of their respective dues in stalled housing projects....

Top Vietnamese property tycoon Truong My Lan- chair of major developer Van Thinh Phat- was sentenced to death over her role in a 304 trillion dong ($12.46 billion) financial fraud case. Truong My Lan is accused of taking cash from Saigon Commercial Bank (SCB) for over a decade. She faced charges ranging from bribery, abuse of power, appropriation and violations of banking law. Truong My Lan is...

The industrial and logistics sector witnessed an absorption of 13.5 mn sq. ft. in Q1 2024 compared to 11.0 million sq. ft. in Q1 2023, representing 22.7% Y-o-Y growth. Tier I cities witnessed 78% of the absorption, while tier II and III cities accounted for the remaining 22%, a new report by Savills India has shown. The industrial and logistics sector witnessed an absorption of 13.5 mn sq. ft....

The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by four unit buyers of Parsvnath Landmark Developers to initiate insolvency proceedings against the subsidiary of Parsvnath Developer. The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by four unit buyers of Parsvnath Landmark Developers to initiate insolvency proceedings against the...

Actor Arjun Rampal spoke about the initial days of his career and how, at one point, he didn't have a 'source of income'. In an interview with Pop Diaries recently, Arjun also opened up on “hating” himself in the 2001 film Moksha, helmed by Ashok Mehta. The film starred Arjun and Manisha Koirala in lead roles. (Also Read | Arjun Rampal: I like to be out of sight as I have a life beyond films)...

(Bloomberg) -- China’s local governments are stepping up the easing of rules for their housing markets, as a protracted sales slump weighs on the economy and real estate developers. China’s local governments are stepping up the easing of rules for their housing markets, as a protracted sales slump weighs on the economy and real estate developers. (Photo by AFP)(AFP) A total of 15 cities...

Sobha Limited will be developing a 26-acre row housing project in Bengaluru. The company’s estimated total revenue potential for the project stands at approximately ₹2700 to 2800 crore, the company told HT Digital. Sobha Limited will be developing a 26-acre row house project in Bengaluru. The project will be launched on April 20, 2024, the company said. Unlock exclusive access to the...