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Kanodia Group acquires land in Gurugram for ₹153 crore; plans to develop a luxury housing project

Kanodia Group acquires land in Gurugram for ₹153 crore; plans to develop a luxury housing project

Kanodia Group, which is into the cement business, has acquired a 1.74 acre land parcel in Gurugram for ₹153 crore and plans to develop a luxury real estate project on it, the company said in a statement.The company has recently announced its plan to enter into the real estate sector and invest ₹5,000 crore over the next 5-7 years. Kanodia Group, which is into the cement business, has...

Brigade Enterprises records sale bookings of ₹6,013 crore in FY24

Brigade Enterprises records sale bookings of ₹6,013 crore in FY24

Bengaluru-based Brigade Enterprises Limited reported an almost 46% increase in its annual sale bookings to record sale bookings of ₹6,013 crore in FY24 on the back of increase in housing demand. Bengaluru-based Brigade Enterprises Limited reported an almost 46% increase in its annual sale bookings to record sale bookings of ₹6,013 crore in FY24 Its sale bookings stood at ₹4,109 crore in...

Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate firm, Vatika Limited, with more than ₹6 lakh for violating the builder-buyer agreement provisions and directed the promoter to execute the BBA within a month. The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate company Vatika Limited with more than ₹6 lakh for violating the...

Dubai mansion sales soar as wealthy flock to palm-shaped island

Dubai mansion sales soar as wealthy flock to palm-shaped island

(Bloomberg) -- Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first quarter as the world’s ultra-wealthy continue to flock to the Middle East’s business and tourism hub despite mounting geopolitical tension across the region.  Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first quarter (Getty/ Representational...

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...