Construction

Indian data centre infrastructure providers say the emergence of China’s low-cost artificial intelligence platform DeepSeek is expected to increase the need for more data centres rather than reduce demand. Indian data centre infrastructure providers say the emergence of China’s low-cost artificial intelligence platform DeepSeek is expected to increase the need for more data centres rather...

Ajmera Realty & Infra India Ltd (ARIIL) has acquired a land parcel measuring 1,341.1 sq meters for ₹51 crore in the Ghatkopar East area of Mumbai and plans to develop a luxury housing project with an estimated revenue of ₹175 crore, the company said in a statement on January 30. Ajmera Realty & Infra India Ltd (ARIIL) has acquired a land parcel measuring 1,341.1 sq meters for ₹51...

Panasonic Life Solutions India Private Limited has purchased a land parcel measuring 6,586 sq meters worth ₹160 crore in the Andheri area of Mumbai, according to property registration documents accessed by Square Yards. Mumbai real estate: Panasonic Life Solutions India Private Limited has purchased a land parcel measuring 6,586 sq meters for ₹160 crore in the Andheri area of Mumbai....

‘Buying a house will never go out of fashion; it will always be there,’ said Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, while highlighting the enduring appeal of housing demand in the real estate market during the company's investors' call held recently. ‘Buying a house will never go out of fashion; it will always be there,’ said Vikas Oberoi, Chairman and Managing...

Gurugram: The developer of the Chintels Paradiso condominium in Gurugram Sector 109 has begun demolishing the first of six residential towers that were declared unsafe by the district administration, officials said on Wednesday. Currently, workers are razing the structure manually, with mechanical demolition likely to start in a couple of days, the officials said, adding that the entire process is...

The housing and urban planning department of Uttar Pradesh has standardised and framed rules for assessment, levy, and collection of impact fee, development permit fee, building permit fee, and inspection fee that are collected at the time of building map approval. The state government has framed rules for assessment, levy, and collection of impact fee, development permit fee, building permit...

Karnataka Real Estate Regulatory Authority (KRERA) has ordered Bengaluru-based listed real estate developer Shriram Properties to pay ₹12.7 lakh in delayed compensation after the developer failed to inform the authority and the buyers about the project litigation at the time of project registration. Karnataka Real Estate Regulatory Authority (KRERA) has ordered Bengaluru-based listed real...

A few high-net-worth individuals (HNI), including several Bollywood celebrities, have sold their properties in the Mumbai real estate market this month. Tax experts opine that while possible motives for HNIs selling properties differ from investor to investor, the key reasons could be healthy returns over a period of time or booking profits from real estate to set off capital gains against the loss in...

Real estate firm Mindspace Business Parks REIT has acquired Sustain Properties, which owns 1.82 million sq ft of commercial space in Hyderabad, at an enterprise value of ₹2,038 crore, the company said in a regulatory filing on Jan 29. Hyderabad real estate: Real estate firm Mindspace Business Parks REIT has acquired Sustain Properties, which owns 1.82 million sq ft of commercial space in...

The real estate sector is seeking an enhancement of the monetary limit of affordable housing from the current ₹45 lakh to at least ₹75 lakh to a crore, a reinstatement of the tax deduction for affordable housing projects and rationalising input credits to developers under GST that would help reduce project costs and potentially lower property prices for buyers, Grant Thornton Bharat has said in...