Construction

While Mumbai is synonymous with the uber luxury property segment in India, high-end residential units have seen growing demand in Bengaluru of late. With rising aspirations amid robust economic growth, the city is witnessing an increasing number of takers in the ultra-luxury housing market with the sale value of some homes reportedly priced at as high as ₹50 crore. Top luxury property deals...

The Supreme Court on Friday issued a stern rebuke to land-owning and development authorities in Noida, castigating them for their indifference for the suffering endured by thousands of homebuyers who have been waiting for years to receive their apartments. These homebuyers, the top court lamented, have found themselves trapped between real estate developers’ inability to complete construction and...

Mumbai-based Suraksha Group, which took over debt-ridden Jaypee Infratech Limited this June, has restarted construction work on at least 41 of 97 delayed housing towers in Jaypee Wish Town Project, which has remained stuck for over a decade, thereby affecting the interests of at least 20,000 homebuyers. Suraksha Group will infuse around ₹8,000 crore to complete and deliver these 20,000...

Whispering Heights Real Estate Private Limited, a joint venture between K Raheja Corp Group and GIC of Singapore, has leased 42,700 sq ft for a monthly rent of ₹1.28 crore to Blackrock Services India Private Limited in a building known as Raheja Altimus in Worli, Mumbai, for five years, according to property registration documents accessed by Propstack. Whispering Heights Real Estate Private...

The Government of Karnataka has placed retired IAS officer Rakesh Singh at the helm of the state’s Real Estate Regulatory Authority as its chairman. The position fell vacant earlier this year after previous chairman H C Kishore Chandra completed his term. Retired IAS officer Rakesh Singh appointed new K-RERA chief(Hindustan Times) In the interim period, the state government had issued an...

Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Globally, Manila has topped the Knight Frank’s Prime Global Cities Index with an increase of 26%. Mumbai and New Delhi have recorded a sharp annual increase in their real estate prices at 13% and 10.6% respectively (Representational...

The Maharashtra Housing and Area Development Authority (MHADA) plans to create a housing stock of 50,000 affordable homes in Mumbai over the next five years which will be sold in the upcoming MHADA lotteries. The development authority also intends to hold two affordable housing draws every year, Sanjeev Jaiswal, CEO and vice president of MHADA told HT.com. MHADA plans to create a housing stock...

The Yamuna Expressway Industrial Development Authority (Yeida) on Thursday said it has signed a memorandum of understanding (MoU) with the Housing and Urban Development Corporation (Hudco) for the latter to work as a consultant and also help in arranging funds to spend on land acquisition. As a precondition to obtain required funds from the state bodies, Yeida needs to arrange and contribute an...

Industrial and logistics real estate developer IndoSpace is set to develop two hubs in Karnataka for an investment of ₹580 crore, the company said in a statement on August 22. This is a part of a larger ₹3,000 crore commitment made under a Memorandum of Understanding (MoU) inked with the Government of Karnataka in 2022. IndoSpace is set to develop two logistics parks in Karnataka for an...

Bollywood film production house Nadiadwala Grandson Entertainment Pvt Ltd has leased two flats in the Lokhandwala Complex in Mumbai for a monthly rent of ₹1.8 lakh, documents accessed by Zapkey showed. Bollywood film production house Nadiadwala Grandson Entertainment Pvt Ltd has leased two flats in the Lokhandwala Complex in Mumbai for a monthly rent of ₹1.8 lakh per month (Representational...