Bhumika Group Makes Strategic Entry into Gurugram with Rs 300 Crore Commercial Project
Gurugram, India – September 25, 2024: In a strategic move aimed at expanding its footprint in the thriving real estate market, Bhumika Group has announced its foray into Gurugram with a new commercial project. The development, estimated to be worth Rs 300 crore, marks a significant milestone for the company
Munawar Faruqui Invests in Mumbai Real Estate
Stand-up comedian Munawar Faruqui has added another feather to his cap, this time in the world of real estate. The comedian has recently purchased an under-construction apartment in Wadala, Mumbai, for a whopping ₹6.09 crore. This strategic investment marks Faruqui’s entry into the city’s vibrant property market. The newly acquired
Deepika Padukone Expands Real Estate Portfolio with New Mumbai Apartment
Bollywood superstar Deepika Padukone has added another luxurious property to her real estate portfolio. The new mom has recently purchased a spacious three-bedroom apartment in Mumbai’s posh Bandra West neighborhood for a whopping ₹17.8 crore. The strategically located apartment is situated just a stone’s throw away from her mother-in-law Anjana
Goldman Sachs Expands Footprint in Mumbai with Massive Office Lease
Goldman Sachs, a leading American multinational investment bank, has further solidified its presence in Mumbai by leasing a substantial office space spanning over 73,000 square feet. The prime location for this expansion is the prestigious One BKC commercial complex in Bandra Kurla Complex (BKC). This significant lease agreement, valued at
Noida Metro Seeks Developers for Prime Commercial Plots near Okhla Bird Sanctuary
The Noida Metro Rail Corporation (NMRC) is inviting bids from experienced developers for the commercial development of three prime plots located near the Okhla Bird Sanctuary metro station. This move signals NMRC’s intent to leverage innovative methods to finance its infrastructure projects. Encompassing a total area of 44,151 square meters,
Bollywood Star Prithviraj Sukumaran Expands Real Estate Portfolio with Mumbai Duplex Purchase
Prithviraj Sukumaran, the renowned Malayalam actor, has added another feather to his cap, both on-screen and off. The talented star has recently invested in a luxurious duplex apartment in Mumbai, valued at a whopping ₹30.6 crore. This strategic move marks a significant expansion of his real estate portfolio, solidifying his
Unitech Resumes Construction, Promises Deliveries
After a prolonged hiatus, Unitech Group has finally initiated groundbreaking ceremonies for three of its stalled housing projects in Noida. The projects, located in Sectors 74, 75, and 76, have been in limbo for several years, leaving thousands of homebuyers in the lurch. The decision to resume construction comes as
Mixed Signals in Indian Real Estate: Dharavi Redevelopment Begins Quietly, Raymond Makes Bold Investment
India’s real estate sector witnessed two contrasting developments this week, showcasing both the challenges and opportunities present in the market. Dharavi Redevelopment: A Cautious Start The much-anticipated redevelopment of Dharavi, Mumbai’s sprawling slum, began with a low-key ceremony. This subdued approach reflects concerns about potential opposition from residents apprehensive about
Beleaguered Homebuyers Breathe a Sigh of Relief as Bank Approves Resolution Plan for Supertech’s Dehradun Project
A wave of relief has washed over more than 600 homebuyers in Supertech’s stalled Doon Square project in Dehradun. Bank of Baroda, a crucial lender holding a significant stake in the project, has become the first financial institution to approve the developer’s project-wise resolution plan submitted to the National Company
Commercial Property Rentals Under Reverse Charge Mechanism: GST Council’s Latest Move
A significant change has been introduced in the Goods and Services Tax (GST) landscape, with the GST Council deciding to bring commercial property rentals under the Reverse Charge Mechanism (RCM). This move is expected to have a cascading effect on the commercial real estate market. Under the RCM, the recipient