Category : Business

Construction material supplier BigBloc Construction dished out some good news for its investors on July 19th, 2024. The company’s board of directors approved a shareholder-friendly move – a 1:1 bonus share issuance. In simpler terms, this means that for every existing share a shareholder currently holds in BigBloc Construction, they

Supertech Limited, a prominent name in Indian real estate, is grappling with financial woes. The National Company Law Tribunal (NCLT) has initiated insolvency resolution proceedings against the company, marking a significant development that could impact its ongoing projects and future operations. This move by the NCLT stems from a petition

Noida real estate developers are pushing for a multi-pronged approach in the upcoming Union Budget, including a GST cut on cement, “industry status” recognition, and streamlined approvals to revitalize the sector and improve affordability for homebuyers. With the first Union Budget of Prime Minister Narendra Modi’s third term looming, real

Residents of Greater Noida West can finally breathe a sigh of relief. The Greater Noida Industrial Development Authority (GNIDA) announced the long-awaited construction of the area’s first sewage treatment plant (STP), addressing a critical sanitation issue that has plagued the region for years. This significant project, budgeted at ₹80 crore,

The Yamuna Expressway Industrial Development Authority (Yeida) is taking a significant step forward in realizing its vision for North India’s first dedicated medical devices park. The authority has announced the hiring of a consultant to expedite the development and promotion of this ambitious project in Greater Noida. Situated strategically in

Birla Estates, the real estate arm of the Aditya Birla Group, has further solidified its presence in the National Capital Region (NCR) with the strategic acquisition of a 5-acre land parcel in Gurugram’s Sector 71. This significant move, announced on July 15th, 2024, underscores the company’s confidence in the NCR

 Jugyah, a Mumbai-based prop-tech startup, has secured $1.5 million in funding to fuel its expansion within the MMR. The company offers a comprehensive real estate brokerage experience with integrated mortgage solutions and aims to streamline the entire home buying and renting process. Mumbai’s proptech scene is witnessing a funding surge

DLF, a household name synonymous with Indian real estate, has further solidified its leadership position by clinching a double victory on the prestigious 2024 GROHE-Hurun India Real Estate 100 list. The company not only emerged as the wealthiest real estate developer in the ranking, but its chairman, Rajiv Singh, also

Signature Global plans to invest Rs 2,500 crore and target Rs 10,000 crore in sales bookings for FY25, reflecting strong market optimism and an ambitious growth strategy. Real estate developer Signature Global is setting ambitious targets for the upcoming fiscal year (FY25). The company chairman, Pradeep Kumar Aggarwal, announced plans

The Supreme Court of India has taken a strong stance against exploitation in the real estate sector, urging the implementation of a standardized buyer-builder agreement across the country. This landmark decision stems from a growing number of cases exposing unfair advantages developers hold in current agreements. Loopholes and skewed clauses