Construction

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP). With an estimated investment of ₹28,602 crore, these projects are poised to transform India into a global manufacturing powerhouse, according to a government release. Prime Minister Narendra Modi. The newly sanctioned...

Office leasing across the top eight cities in India has touched 41.9 mn sq ft in H1 2024 and is expected to almost double in the ongoing calendar year, according to a report released by property consultancy Cushman & Wakefield on August 28. Led by Bengaluru, office leasing in India is expected to touch 80 million square feet in 2024(Aniruddha Chowdhury/Mint) Overall, Bengaluru led the...

Engineering and construction conglomerate Larsen & Toubro is set to hand over its second-3D printed project in Bengaluru before the end of the ongoing calendar year. This time, it is a set of six high-end villas spanning 24,000 square feet, developed for a listed real estate player in the eastern peripheral suburb of Varthur. After post office, L&T to deliver 3D-printed villas in...

Student housing operator, The Hive Hostels, has raised ₹11.5 crore from investors, including Shriram Madhav Nene, who is Bollywood actor Madhuri Dixit’s husband and a doctor by profession. The Hive Hostels raises ₹11.5 crore in pre-IPO funding round(The Hive Hostels) The Hive Hostels said it has "completed a pre-IPO funding round, securing ₹11.5 crore investment" from investors....

After the MHADA housing lottery 2024 for Mumbai, City Industrial Development Corporation (CIDCO) has launched a draw for 902 affordable homes in Mumbai’s satellite city Navi Mumbai. The CIDCO lottery 2024 is offering homes in the range of ₹26 lakh to over ₹2 crore in areas such as Kalamboli, Kharghar and Ghansoli among others. CIDCO Lottery 2024: City Industrial Development Corporation...

Mumbai-headquartered fractional ownership platform hBits has applied for Small and Medium REITs (SM REITs) license with the Securities and Exchange Board of India, the company said in a statement on August 27. Fractional ownership platform hBits applies for SM REITs license with Sebi; aims first listing by Q3 FY25 (Representational photo)(Pixabay) hBits expects to receive the license in the...

ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, has made a ‘successful early exit’ from Shriram Pristine Estates, a 49-acre plotted development project in Doddaballapura, Bengaluru. ASK Property Fund exits Shriram Properties' 49-acre plotted development project in Bengaluru(Shriram Properties Limited) Launched in 2022,...

Kangana Ranaut, a BJP MP and Bollywood actor, has purchased an office space in Mumbai's Andheri area for ₹1.56 crore, according to property registration documents accessed by Propstack. Kangana Ranaut, a BJP MP and Bollywood actor, has purchased an office space in Mumbai's Andheri area for ₹1.56 crore.(HT Files) The property spread across 407 sq ft is located on the 19th floor of a...

Home buyers in Gurugram and Badshahpur, dissatisfied by the apparent neglect of their demands and concerns by the government and political parties, have announced that they will field their own candidates in the Haryana assembly elections in order to represent the rights of urban residents of the city under the aegis of Federation of Apartment Owners Association (FAOA). The body will be holding...

Increasing institutional participation, along with a push for transparency, has led to the adoption of best industry practices in India's commercial real estate market. This has led to the country's Tier 1 markets move to the transparent tier for the first time in JLL's Global Real Estate Transparency Index. India's Tier 1 markets have moved to the transparent tier for the first time in JLL's...