Delhi HC sets aside Punjab & Sind Bank’s decision to withdraw Rs 120 crore OTS given to Ambience
In a much-needed reprieve for struggling real estate developer Ambience, the Delhi High Court has overturned Punjab & Sind Bank’s decision to pull out of a Rs 120 crore one-time settlement (OTS) agreement. An OTS is a tool used for resolving outstanding debts by settling them with a single, upfront
Institutional investments in real estate touch $2.52 billion in April-June quarter: Colliers India
A recent report by Colliers India indicates a revival in institutional investments for Indian real estate, reaching $2.52 billion during the April-June quarter of 2024. This reflects a 20% increase compared to last year’s period and suggests a shift in investor priorities. The report highlights a significant rise in industrial
Ultratech re-enters race to buy Orient Cement
UltraTech Cement re-enters negotiations to acquire Orient Cement, igniting a bidding war with Adani Cement and potentially reshaping the South Indian cement market. The battle for dominance in South India’s cement sector is heating up once again. Kumar Mangalam Birla’s UltraTech Cement, a major industry player, has re-entered the fray
Noida authority clears revised layouts for all Unitech projects
A glimmer of hope has emerged for thousands of homebuyers in Noida after the Noida Authority cleared the revised layout plans for all Unitech projects in the city. This decision follows a years-long saga marked by delays and frustration. Previously, the Noida Authority had withheld approval due to outstanding dues
Gurugram Reopens Doors for Stilt-Plus-4 Floor Buildings with Conditions
Gurugram’s homebuyers have reason to cheer, with the Haryana government’s recent revival of a policy permitting the construction of buildings with a stilt (ground floor for parking) and four floors above it in designated residential sectors. This move, aimed at boosting the housing supply and potentially making homes more affordable,
Puravankara acquires 7-acre land parcel in Bengaluru to develop housing project worth ₹900 crore
In a move that underscores their faith in Bengaluru’s residential market, Puravankara Limited, a leading real estate developer based in the city, has acquired a 7.26-acre land parcel in Hebbagodi. This strategically chosen suburb boasts excellent connectivity to other parts of Bengaluru, making it a prime location for upscale residential
Bengaluru: Amid soaring real estate prices, mid-segment apartment demand sees decline in Q2 CY2024
Bengaluru’s mid-segment housing market (Rs 40-80 lakh) faces a slowdown due to rising property prices, leading to a decline in demand during Q2 CY2024. This may prompt a price correction in the coming months. Bengaluru’s real estate market is experiencing a cooling trend, particularly for mid-segment apartments. A recent report
Delhi metro looks to open three phase-IV corridors by 2026
Delhi commuters can expect a significant expansion of their metro network by 2026. The Delhi Metro Rail Corporation (DMRC) is fast-tracking construction on its Phase-IV project, aiming to open all three priority corridors by the target date. This ambitious expansion will add a total of 65 kilometers of new lines,
India’s elevator business is undergoing a major transformation
The elevator industry in India is undergoing a dramatic overhaul, moving beyond its traditional role of simply transporting passengers between floors. This transformation is fueled by cutting-edge technologies like Artificial Intelligence (AI) and the Internet of Things (IoT). Here’s a glimpse into the future of elevators in India: Predictive Maintenance:
Greater Noida authority expects Rs 500 crore revenue from auction of five builder plot
In a bid to boost residential development in the city, Greater Noida is launching an e-auction of five builder plots with the expectation of generating Rs 500 crore in revenue. This initiative comes alongside the authority’s aim to create more housing options. The Noida Authority will conduct the online auction
Recent Posts
- Chipi Airport reimagining real estate in Sindhudurg: Report
- Celebrate the spirit of Christmas with ‘Happiness Carnival’ at World Street by Omaxe
- Beyond the Basics: How Luxury Homes are Redefining Modern Living in NCR
- Repo Rate Unchanged at 6.5%: Real Estate Sector shared its views
- RBI MPC Meeting Begins Today Repo Rate Likely to Remain Unchanged
