Construction

MUMBAI: Around 150,000 tenements will be rehabilitated under the Dharavi Redevelopment Project (DRP) once the huge slum is transformed into a modern urban hub, according to officials from the Adani Group-led Navbharat Mega Developers Private Limited (NMDPL). Mumbai, India - April 1, 2024: The second phase of a comprehensive door-to-door survey in Dharavi commenced on April 1. In a 40 to 45...

Blackstone-backed Nexus Select Trust, India’s first retail real estate investment trust (REIT), has acquired Vega City Mall in Bengaluru for ₹913 crore, the company informed in a regulatory filing on February 13. Blackstone-backed Nexus Select Trust, India’s first retail real estate investment trust (REIT), has acquired Vega City Mall in Bengaluru for ₹913 crore, the company informed in...

As part of the Maharashtra government’s 100-day action plan, the Maharashtra Housing and Area Development Authority (MHADA) announced on February 13 that it aims to complete the structural audit of 1,000 cessed buildings in Mumbai by March 2025. Maharashtra Housing and Area Development Authority (MHADA) announced on February 13 that it aims to complete the structural audit of 1,000 cessed...

Google India Private Limited and Google Cloud India Private Limited have renewed their office space leases in Mumbai’s Bandra-Kurla Complex (BKC), India's most expensive commercial district, for a rent of ₹304 crore over five years, according to property registration documents accessed by SquareYards. Google India Private Limited and Google Cloud India Private Limited have renewed their...

Real estate firms dominated the qualified institutional placements (QIP) market in 2024 by raising a record ₹22,320 crore, according to data shared by Anarock. Real estate firms dominated the qualified institutional placements (QIP) market in 2024 by raising a record ₹22,320 crore, according to data shared by Anarock. (Representational Photo)(Mehul R Thakkar/HT) The real estate sector...

Tribeca Developers announced on February 13 that it plans to launch a mixed-use real estate project in Pune. The project will feature luxury apartments and retail spaces spread across 8 lakh sq ft and have a revenue potential exceeding ₹1,000 crore. Tribeca Developers announced on February 13 that it plans to launch a mixed-use real estate project in Pune real estate market. (Picture for...

Digital Public Infrastructure (DPI) services provider Protean eGov Technologies has leased 68,021 sq ft of office space in Mumbai’s Lower Parel, according to Colliers India, which facilitated the transaction. Digital Public Infrastructure (DPI) services provider Protean eGov Technologies has leased 68,021 sq ft office space in Mumbai’s Lower Parel, according to Colliers India, which...

The Rashtriya Swayamsevak Sangh (RSS) has inaugurated its new office complex, Keshav Kunj, in New Delhi on a 5 lakh square feet space featuring towers, auditoriums, a library, a hospital, and a Hanuman temple. Built with a focus on sustainability, the state-of-the-art facility was fully funded through public donations totalling ₹150 crore. View of a part of rebuilt Rashtriya Swayamsevak Sangh...

Forty-one-year-old Rahul Vyas, a London-based professional, is considering investing in a property in India for his retirement. Like him, many Non-Resident Indians (NRIs) look to invest in properties back home, driven by favorable government policies, easier access to home loans, and a strong emotional connection to their homeland. If you're an NRI planning to invest in property in India, here’s...

If you're reading this, congratulations! You’ve resisted the FOMO in India’s red-hot housing market. But if you’re still house hunting, here’s the truth: prices are not likely to drop. That doesn’t mean you can’t grab a good deal. Read on to find out how. In her column "Let's Get Real," Manisha Natarajan writes that with prices soaring and inventory tight, homebuyers need a...