Construction

In his 2016 book The Great Derangement, author Amitav Ghosh issued a dire warning: “The thousands of billboards that encrust Mumbai” would turn into “deadly projectiles” in the event of a major storm. Such a scenario may have seemed improbable to many. Yet nearly a decade on, disaster struck on May 13 this year, when a colossus 120x120 foot advertising hoarding came crashing down during a...

Managed workspace platforms, Smartworks, has announced the expansion of its Pune portfolio and has added over 6 lakh sq. ft of prime office space, bringing its footprint in the city to over 3 million sq. ft, the company said in a statement. Smartworks, has announced the expansion of its Pune portfolio and has added over 6 lakh sq. ft of prime office space The company has leased the space for...

Certus Capital, an institutional real estate investment firm, will be investing ₹125 crore in an upcoming residential project in Chennai undertaken by real estate developer Casagrand through secure bonds platform Earnnest.me, the company said on May 17. Certus Capital, an institutional real estate investment firm, will be investing ₹125 crore in an upcoming residential project in Chennai...

Promoters of Kiran Gems have bought an around 16,000 sq ft sea-facing apartment in the luxury project Oberoi 360 West in Mumbai for ₹97.4 crore, documents accessed by Zapkey showed. Promoters of Kiran Gems have bought an around 16,000 sq ft sea-facing apartment in the luxury project Oberoi 360 West in Mumbai for ₹97.4 crore, documents accessed by Zapkey showed. Mavjibhai Shamjibhai Patel,...

Mumbai: The state housing regulator MahaRERA has framed minimum physical specifications for retirement homes and senior citizen housing projects, also known as old-age homes. The state housing regulator MahaRERA has framed minimum physical specifications for retirement homes and senior citizen housing projects, also known as old-age homes. (HT PHOTO) The new regulations will be applicable...

Strata, India’s commercial real estate (CRE) investment platform, has filed an application for the SM REITs license under the latest regulations issued by Securities and Exchanges Board of India (SEBI). Strata will also initiate the migration of its eligible assets to SM REITs, as it aims to achieve a total assets under management (AUM) of ₹2000 crore by the end of FY25, the company said in a...

The Karnataka High Court on Thursday directed the Bruhat Bengaluru Mahanagara Palike (BBMP) to allow Mantri Mall to operate. The civic body shut the mall down last week for allegedly not paying property taxes. The mall authorities also claimed that this is the fifth time the BBMP has stopped business operations in a busy mall located in Malleshwaram. High Court allows Bengaluru's Mantri mall...

New Delhi, May 16 (PTI) Flexible workspace solutions company Awfis Space Solutions Ltd on May 16 fixed a price band of ₹364-383 per share for its ₹599 crore initial public offering. Flexible workspace solutions company Awfis Space Solutions Ltd on May 16 fixed a price band of ₹364-383 per share for its ₹599 crore initial public offering(Pixabay) The company's maiden public issue will...

Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi NCR, Ahmedabad, and Pune registered double digit growth, a report has said. Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential...

New Delhi, May 16 (PTI) Brookfield India Real Estate Trust (BIRET) on May 16 reported an 89 per cent rise in its adjusted net operating income to ₹460.8 crore during the March quarter and announced distribution of ₹208.6 crore to unitholders. Brookfield India Real Estate Trust (BIRET) on May 16 reported an 89 per cent rise in its adjusted net operating income to ₹460.8 crore during the...