Seasoned Administrator Rakesh Singh Takes Charge at Karnataka RERA
The Karnataka Real Estate Regulatory Authority (K-RERA) has a new leader at the helm, marking a significant development for the real estate sector in the state. Rakesh Singh, a retired Indian Administrative Service (IAS) officer with a distinguished career, has been appointed as the new chairman. This appointment fills the
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,
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
Hyderabad’s Real Estate Market: A Booming Investment Hub
Hyderabad, the capital of Telangana, has emerged as a prime destination for real estate investment, attracting both domestic and international investors. The city’s robust infrastructure development, coupled with the Telangana government’s investor-friendly policies, has created a conducive environment for growth. One of the key factors driving Hyderabad’s real estate boom
Kalpataru Gears Up for Growth and Financial Stability with Planned IPO
Kalpataru Limited, a leading Mumbai-based real estate developer, has taken a significant step towards bolstering its financial health and future growth prospects. The company has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) aiming to raise Rs 1,590 crore through an initial
Max Group to Revitalize Stalled Noida Project
New Delhi: Max Group is poised to breathe new life into the stalled Delhi One project in Noida’s Sector 16A. The company has secured the necessary approvals from the Noida Authority to take over the project from the beleaguered 3C Group. Originally envisioned as a mixed-use development comprising a five-star
Signature Global Sets Sights on Delhi and Noida
Signature Global, a prominent developer renowned for its affordable housing projects in Gurugram, is poised to expand its footprint into the lucrative Delhi and Noida real estate markets. This strategic move is in response to the surging demand for budget-friendly yet quality homes in these rapidly growing metropolitan areas. With
Kotak Investment Advisor to Resuscitate Supertech’s Noida Project
In a significant development for the beleaguered real estate sector, Kotak Investment Advisor Limited (KIAL) has stepped in to provide a much-needed lifeline to Supertech’s stalled project in Noida. The investment firm has committed Rs 450 crore to revive the 5 million square foot development, which includes the NCR region’s