Construction

Thane civic body finalises affordable housing project for 1441 beneficiaries

Thane civic body finalises affordable housing project for 1441 beneficiaries

The Thane Municipal Corporation has finalised two plots admeasuring 45,902 sq m in Betawade area between Diva and Dombivli for a low cost housing project for project affected people and economically weaker sections under the Pradhan Mantri Awas Yojana (PMAY). HT Image The civic body, which acquired the two government plots from the Thane Collector admeasure 37,302 sq m and 8,600 sq m, will...

Housing sales may increase by 38% in 2023 to touch ₹4.5 lakh crore

Housing sales may increase by 38% in 2023 to touch ₹4.5 lakh crore

Housing sales across the top seven cities is expected to cross the ₹4.5 lakh crore mark in 2023 - 38% higher than the total sales value of entire 2022, which saw ₹3.27 lakh crore worth of homes sold, a report by Anarock has said. Housing sales are estimated to rise 38 per cent annually to ₹4.5 lakh crore this year across seven major cities on higher volumes, price rise and more demand for...

Relaxed SEZ rules may unlock around 15 to 18 mn of operational SEZ space

Relaxed SEZ rules may unlock around 15 to 18 mn of operational SEZ space

The Central government’s decision to allow partial and floor-wise denotification of special economic zones through a key amendment to SEZ Rules, 2006, recently has the potential to unlock almost half, which is around 15 to 18 mn sq ft of operational SEZ space, for IT/ITeS occupiers, a report by JLL has said. Relaxed SEZ norms may unlock up to 50 percent of the vacant SEZ space, translating to...

Demand for Grade A offices forecast to return to pre-pandemic levels in 2024

Demand for Grade A offices forecast to return to pre-pandemic levels in 2024

Demand for Grade A offices is forecast to return to pre-pandemic levels in 2024, but record levels of new supply will cause vacancy rates to also tick upwards, according to an analysis by Cushman & Wakefield. Demand for Grade A offices is forecast to return to pre-pandemic levels in 2024, but record levels of new supply will cause vacancy rates to also tick upwards,(Pixabay) Also Read:...

Strong urban consumption to drive up rental income of mall operators by 9-10%

Strong urban consumption to drive up rental income of mall operators by 9-10%

The rental income for mall operators is expected to grow by 9-10% YoY in FY2024 and 8-9% in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations, according to an analysis by ICRA. The total grade A retail mall supply for the top six markets stood at around 105 million square feet (msf) as on September 30, 2023, and is expected to increase to...

M3M India to invest close to ₹1200 crore for developing a township in Haryana

M3M India to invest close to ₹1200 crore for developing a township in Haryana

Delhi-NCR based real estate developer M3M India on December 13 said that it will be investing close to ₹1200 crore for developing a 333-acre township in Panipat, Haryana, and is targeting ₹5000 crore in revenue from it. M3M India on December 13 said that it will be investing close to ₹1200 crore for developing a 333-acre township in Panipat, Haryana The company said that it has received...

Suraj Estate Developers IPO to open on December 18

Suraj Estate Developers IPO to open on December 18

Mumbai-based realtor Suraj Estate Developers Limited’s will launch its maiden Initial Public Offering on December 18 at a price band between ₹340 to ₹360 per equity share. The issue will close on December 20. Suraj Estate Developers on Wednesday said it has fixed the price band of ₹340 to ₹360 per share for its initial public offering (IPO). The initial share sale will open for public...

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