Construction

Affordability to buy home to rise to a 3-year high in 2024: Report

Affordability to buy home to rise to a 3-year high in 2024: Report

The affordability for home purchases is expected to improve for the better in 2024, basis the expectation of a 60-80 bps repo rate cut during the year, says JLL’s report on the Home Purchase Affordability Index (HPAI). The affordability for home purchases is expected to improve for the better in 2024, basis the expectation of a 60-80 bps repo rate cut during the year, says JLL’s report on...

Air India leases 6.2 lakh sq ft commercial real estate space in Gurgaon

Air India leases 6.2 lakh sq ft commercial real estate space in Gurgaon

Air India has taken up blocks in E-Novation Centre, Sector 75, Gurgaon from the landlord, Innovative Techno Park Pvt Ltd. Air India (REUTERS) Air India has signed a lease agreement to take up commercial space spread across an area of 6.2 lakh sq ft in E-Innovation Centre in Gurgaon, Sector 75, at an annual rent of over ₹90 crore for 21 years, documents accessed by CRE Matrix, a real estate...

Tirupati Balaji temple plot hits flood-prone hazard line snag, claim Greens

Tirupati Balaji temple plot hits flood-prone hazard line snag, claim Greens

The proposed replica of Tirupati Venkateswara Swamy temple at Ulwe in Navi Mumbai has got into another environmental tangle with the coastal zone management plan (CZMP) highlighting that coastal flood hazard line runs through the 10-acre plot allotted for the project, green groups claim. Tirupati Balaji temple plot hits flood-prone hazard line snag, claim Greens NatConnect Foundation director...

Twin illegal buildings in Nerul to be vacated in a week: NMMC

Twin illegal buildings in Nerul to be vacated in a week: NMMC

The anti-encroachment department of Navi Mumbai Municipal Corporation (NMMC) is all set to get the 150-odd families residing in Krishna and Trimurti Park in sector 16 A, Nerul, Navi Mumbai vacated within a week. Twin illegal buildings in Nerul(Bachchan Kumar) The development comes in the wake of a question raised by Hingoli-based Member of Legislative Assembly Santosh Bangar in the house. The...

Hyderabad to witness launch of more than 1.3 lakh housing units in 2-3 years

Hyderabad to witness launch of more than 1.3 lakh housing units in 2-3 years

Hyderabad is expected to witness the launch of more than 1.3 lakh housing units within the next two to three years as well as an addition of approximately 35 to 38 mn. sq. ft. of high-quality business parks across its micro markets, a report by CBRE South Asia Pvt Ltd titled From Now to Next: Tracing Hyderabad’s Real Estate Dynamics has said. Hyderabad is expected to witness the launch of...

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