SEBI Proposes Allowing InvITs and REITs to Use Interest Rate Derivatives for Risk Hedging
In a significant regulatory development, the Securities and Exchange Board of India (SEBI) has proposed allowing Infrastructure Investment Trusts (InvITs), Real Estate Investment Trusts (REITs), and Socially Managed REITs (SM REITs) to utilize interest rate derivatives for hedging purposes. This move aims to enhance the financial stability and risk management
Federal Bank Acquires 1.01 Lakh Sq Ft Office Space in Wadala, Mumbai for ₹330 Crore
In a strategic move to expand its operational footprint, Federal Bank has acquired over 1.01 lakh square feet of office space in the Wadala area of Mumbai for ₹330 crore. This significant investment underscores the bank’s commitment to enhancing its infrastructure and accommodating its growing workforce in one of India’s
Mumbai Sees Surge in Luxury Real Estate with ₹2,200 Crore in Ultra-Luxury Sales
In a remarkable turnaround for the real estate sector, Mumbai has witnessed a significant surge in demand for luxury properties, with recent reports indicating the sale of 21 ultra-luxury units collectively valued at ₹2,200 crore. This unprecedented activity underscores a growing trend among affluent buyers seeking exclusive living spaces amidst
US Firm Plans ‘American City’ Project with 1,200 Acres Near Noida Airport
In a bold move that could reshape the region’s real estate landscape, a prominent US firm is seeking to acquire 1,200 acres of land near the upcoming Noida International Airport to establish an ambitious ‘American City’ project. This innovative development aims to blend modern urban living with American cultural elements,
Supreme Universal Unveils 70 Luxury Villas Near Lonavala with ₹200 Crore Revenue Potential
Mumbai-based real estate developer Supreme Universal has announced the launch of an exclusive project featuring 70 luxury villas near Lonavala, a sought-after destination known for its picturesque landscapes and serene environment. With a projected revenue potential of ₹200 crore, this ambitious venture aims to cater to affluent buyers seeking a
Step Inside Madhuri Dixit’s Dazzling Sea-Facing Mumbai Home Worth ₹48 Crore
Bollywood icon Madhuri Dixit has opened the doors to her stunning sea-facing residence in Mumbai, valued at an impressive ₹48 crore. Nestled in the upscale locality of Juhu, this luxurious abode combines elegance with a warm, inviting atmosphere, reflecting the actress’s vibrant personality. The home features expansive living spaces bathed
Record Number of Real Estate IPOs: Realty Players Raise ₹135 Billion in 2024
In a groundbreaking year for the Indian real estate sector, companies have raised an impressive ₹135 billion through initial public offerings (IPOs) in 2024. This surge marks a significant milestone, reflecting growing investor confidence and a robust market recovery post-pandemic. The trend has been fueled by a combination of factors,
Elon Musk Acquires $35 Million Mansion in Texas for Family
In a significant real estate move, tech billionaire Elon Musk has purchased a sprawling $35 million mansion in Texas, reportedly to accommodate his 11 children and their mothers. The luxurious property, located in the upscale neighborhood of Lake Austin, boasts stunning lake views, expansive grounds, and state-of-the-art amenities that cater