Category : Business

A glimmer of hope has emerged for homebuyers in India as the Central government recently submitted a model builder-buyer agreement to the Supreme Court for approval. This paves the way for a potential national-level standard for these agreements, offering much-needed clarity and protection to homebuyers across the country. Currently, builder-buyer

Mahindra Lifespaces, the real estate development arm of the Mahindra Group, has announced two major deals bolstering its presence in key Indian cities. These deals مجتمع (mujtamai – community in Arabic) projects have a combined gross development value (GDV) of ₹2,050 crore. The first deal pertains to Mumbai, where Mahindra

UltraTech Cement re-enters negotiations to acquire Orient Cement, igniting a bidding war with Adani Cement and potentially reshaping the South Indian cement market. The battle for dominance in South India’s cement sector is heating up once again. Kumar Mangalam Birla’s UltraTech Cement, a major industry player, has re-entered the fray

Gurugram’s homebuyers have reason to cheer, with the Haryana government’s recent revival of a policy permitting the construction of buildings with a stilt (ground floor for parking) and four floors above it in designated residential sectors. This move, aimed at boosting the housing supply and potentially making homes more affordable,

Bengaluru’s mid-segment housing market (Rs 40-80 lakh) faces a slowdown due to rising property prices, leading to a decline in demand during Q2 CY2024. This may prompt a price correction in the coming months. Bengaluru’s real estate market is experiencing a cooling trend, particularly for mid-segment apartments. A recent report

The elevator industry in India is undergoing a dramatic overhaul, moving beyond its traditional role of simply transporting passengers between floors. This transformation is fueled by cutting-edge technologies like Artificial Intelligence (AI) and the Internet of Things (IoT). Here’s a glimpse into the future of elevators in India: Predictive Maintenance:

In a bid to boost residential development in the city, Greater Noida is launching an e-auction of five builder plots with the expectation of generating Rs 500 crore in revenue. This initiative comes alongside the authority’s aim to create more housing options. The Noida Authority will conduct the online auction

Crisil Ratings, a prominent credit rating agency in India, predicts a significant expansion of the real estate investor pool due to the introduction of regulations for Small and Medium REITs (SM REITs) by SEBI, the country’s securities regulator. These regulations aim to make real estate investments more appealing and less

Mindspace REIT becomes the first Indian REIT to issue sustainability-linked bonds, raising ₹650 crore from IFC to achieve ESG goals and refinance existing debt. Mindspace Business Parks REIT, a leading name in Indian real estate investment trusts (REITs), has achieved a significant milestone. The company recently announced securing ₹650 crore