Ciena Leases Significant Office Space in Gurugram, Signaling Growth Ambitions
Global networking solutions provider Ciena has inked a major lease agreement in Gurugram, marking a strategic expansion of its footprint in the Indian market. The company is slated to occupy a substantial 1.35 lakh square feet of office space within the prestigious TRIL Tower, a prime commercial property situated in
MahaRERA Takes Aim at Leaky Apartments in Mumbai
Mumbai: In a bid to address the persistent problem of leaky apartments in Mumbai’s high-rise buildings, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced a set of guidelines for developers to implement. These guidelines aim to minimize the occurrence of leakage issues and ensure the structural integrity of buildings.
Citi Raises Realty Targets, Warns of Expensive Valuations
Citigroup has revised its price targets for several Indian real estate stocks, including DLF and Sobha, expressing optimism about their growth prospects. However, the investment bank has also cautioned investors about the potential overvaluation of these stocks, highlighting the need for caution. DLF, one of India’s leading real estate developers,
SEBI Tightens the Reins on Alternative Investment Funds
The Securities and Exchange Board of India (SEBI) has taken a proactive step to enhance the regulatory framework governing Alternative Investment Funds (AIFs) in India. The regulator has introduced a set of stringent guidelines specifically designed to regulate borrowing activities undertaken by Category I and II AIFs. These new rules
Shapoorji Pallonji Group Unifies Real Estate Holdings Under SPRE
In a strategic move aimed at streamlining its real estate operations and enhancing efficiency, the Shapoorji Pallonji Group has consolidated its diverse real estate holdings under a single entity, Shapoorji Pallonji Real Estate (SPRE). This consolidation brings together a range of real estate projects, including residential, commercial, and industrial developments,
Welspun One Expands Logistics Footprint in NCR
Welspun One Logistics Parks, a prominent player in the Indian logistics sector, has significantly expanded its footprint in the National Capital Region (NCR) with the acquisition of a substantial 22-acre land parcel. The company plans to invest a substantial ₹125 crore to develop a state-of-the-art logistics park on this prime
BHIVE Workspace Set for Major Expansion with 3 Million Sq Ft Addition
New Delhi, August 22, 2024: BHIVE Workspace, a leading player in India’s coworking industry, is gearing up for a significant expansion in the coming years. The company plans to add a substantial 3 million square feet of coworking space to its existing portfolio within the next two years. This ambitious
Bollywood Star Manoj Bajpayee Sells Mahalaxmi Apartment for ₹9 Crore
Renowned Bollywood actor Manoj Bajpayee has recently sold a luxurious apartment in Mumbai’s prestigious Mahalaxmi area for a substantial sum of ₹9 crore. The 3,000 square feet apartment, located in the upscale Prabhadevi Society, was purchased by Bajpayee in 2011 for approximately ₹5.5 crore. This significant appreciation in property values
Tribeca Targets Indian Expansion with Four New Trump Towers
New Delhi: Tribeca Developers, a leading real estate firm, has announced plans to expand its footprint in India with the development of four new Trump Tower projects in key cities by the financial year 2026. This ambitious expansion is part of the company’s broader strategy to capitalize on the growing
Rustomjee Group announces launch of luxury project with 440 units in Thane near Mumbai with a GDV of ₹1,750 crore
Rustomjee Group, a renowned real estate developer in Mumbai, has recently unveiled a prestigious luxury residential project in Thane, a rapidly developing suburb. The project, spread across a vast 10 acres, will offer 440 high-end apartments, each meticulously designed to provide residents with the perfect blend of comfort and style.
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