Real Estate Sector Aligns with GRAP to Combat Pollution in Delhi-NCR
The real estate sector in Delhi-NCR is stepping up to support the Graded Response Action Plan (GRAP), which aims to control rising pollution levels in the region. With GRAP now in effect, real estate developers are adopting strict measures to comply with the environmental guidelines laid out by the authorities,
Luxury Living Along SPR: High-End Residential Developments See Great Demand
The Southern Peripheral Road has lately emerged as a premier luxury residential destination corridor, attracting affluent buyers and discerning investors to the region. The strategic location offers a seamless blend of modern urban living and proximity to prominent hubs. The area’s growing prominence in Gurugram’s real estate landscape has made
Sustainability Meets Sophistication: The Future of Urban Luxury Living
As NCR combats escalating environmental challenges, the real estate sector has become pivotal in driving sustainable change. Ahead of rapid urbanization, the urban population is expected to reach 600 million by 2030, leading to an immense strain on infrastructure and resources. Bringing a paradigm shift, homebuyers in NCR perceive luxury
Macrotech Developers on an Acquisition Spree: Securing Land for ₹16,600 Crore Projects
Mumbai-based real estate giant Macrotech Developers has been actively expanding its land bank in recent months, acquiring seven strategic land parcels across various locations. These acquisitions, made between April and September 2024, have a combined estimated development value of ₹16,600 crore. The company has secured land in key areas such
Shapoorji Pallonji Joins Forces with Kanodia for Grand Gurugram Project
Shapoorji Pallonji Real Estate, a renowned name in the Indian real estate landscape, has entered into a strategic joint venture with Kanodia Group to develop a luxury housing project in Gurugram. This ambitious project is estimated to be worth a substantial ₹1,200 crore. The collaboration brings together the strengths of
GRAP Stage 1 Restrictions Imposed in Delhi Ahead of Diwali
In an effort to curb air pollution le vels during the upcoming Diwali festival, the Graded Response Action Plan (GRAP) Stage 1 restrictions have been implemented in Delhi. The Environment Pollution Control Authority (EPCA) has issued guidelines to member developers of the Confederation of Real Estate Developers Association of India
Deonar Land Allotment to Boost Dharavi Redevelopment
The Maharashtra government, led by Chief Minister Eknath Shinde, has taken a significant step towards accelerating the Dharavi redevelopment project. The government has approved the allocation of 125 acres of land in Deonar to the project, which is expected to provide a major boost to its implementation. The Deonar land,
MahaRERA Orders L&T Realty to Reimburse Homebuyers
In a significant ruling, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed L&T Realty, a prominent real estate developer, to deduct 2% from the total amount due to homebuyers and refund the remaining balance. This action follows complaints lodged by homebuyers alleging delays in project completion and non-adherence to
Indian Real Estate Market Rebounds with Robust Q3 Activity
The Indian real estate sector witnessed a strong resurgence during the September quarter (Q3), with a total of 25 deals valued at a substantial $1.4 billion being finalized. This significant uptick was primarily driven by a surge in Qualified Institutional Placement (QIP) activity. QIPs, a popular fundraising method for listed
Manipal Hospitals Expands Footprint in Mumbai with ₹415 Crore Land Acquisition
Mumbai, October 16, 2024: Manipal Hospitals, a leading healthcare provider in India, has strengthened its presence in Mumbai with the acquisition of a prime piece of land in Andheri for ₹415 crore. This strategic move aligns with the hospital chain’s ambitious expansion plans and its commitment to providing world-class healthcare
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