Construction

L&T Realty has signed a joint development agreement (JDA) for a slum rehabilitation project to develop 31.25 lakh sq ft worth ₹697 crore in Thane near Mumbai, according to the registration documents accessed by CRE Matrix showed. The project is located in area Panchpakhadi of the Thane real estate market.(Praful Gangurde/ HT/Representational Image) The project is located in area...

Several fractional ownership platforms have started the process of registering under SM REIT regulations within months of SEBI notifying the rules to govern small and medium real estate investment trusts (SM REITs) of income-generating and completed properties including commercial assets and rental housing. Several fractional ownership platforms have started the process of registering under SM...

The Indian hospitality sector continued to witness Year-on-Year (Y-o-Y) growth in performance in Q1 2024 (January-March), primarily driven by the rise in Average Daily Rate (ADR) of 8.5% over Q1 2023, resulting in a RevPAR growth of 11.4%, a report by JLL has said. The Indian hospitality sector continued to witness Year-on-Year (Y-o-Y) growth in performance in Q1 2024 (January-March)...

The Enforcement Directorate (ED) on Tuesday said it has attached fresh assets worth about ₹59 crore of real estate company IREO and some others as part of a money laundering investigation. The Enforcement Directorate (ED) on Tuesday said it has attached fresh assets worth about ₹59 crore of real estate company IREO and some others as part of a money laundering investigation. | X account)...

The Greater Noida authority has issued notices to owners of structures built illegally on the floodplains of river Hindon, thereby damaging the river ecology, said officials in the know of the matter on Tuesday. Owners have been told to demolish the unauthorised structures on the Hindon floodplains, in Greater Noida. (HT Archive) The authority has issued a total of 350 notices to owners of...

CapitaLand Investment Limited (CLI) has appointed Sumit Gera as Chief Executive Officer (CEO), India Business Park, the company said on May 21. CapitaLand Investment Limited (CLI) has appointed Sumit Gera as Chief Executive Officer (CEO), India Business Park, the company said on May 21. Gauri Shankar Nagabhushanam has been appointed as CEO (Designate) of CapitaLand India Trust (CLINT),...

Bengaluru-based real estate developer Shriram Properties Limited has signed a Joint Development Agreement (JDA) for development of a 4-acre housing project in Yelahanka, Bengaluru, with an estimated revenue potential of ₹250 crore, the company said in a regulatory filing on May 21. Bengaluru-based real estate developer Shriram Properties Limited has signed a JDA for development of a 4-acre...

The Noida authority allotted land to at least 149 projects, including IT, corporate houses. MNCs and housing, to bring in an investment of ₹103,000 crore in financial year 2023-24, said a report sent to the state government recently. In last one year, 448 investors have signed memorandums of understanding with the state government, which refers these proposals to the respective industrial...

(Bloomberg) -- China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout. China’s latest housing initiative is aimed at vacant properties but analysts say the package of measures is still too small to end the rout.(Bloomberg) The...

The Yamuna Expressway industrial development authority (Yeida) has conducted an inspection of the Jaypee Sports City project site for a status update of the current condition of this realty project, the authority has revealed. The move followed the Allahabad high court’s directions to Yeida to check the current status and submit a report about it so that the court could decide the case...