Welspun One Expands Logistics Footprint in NCR
Commercial News
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Welspun One Expands Logistics Footprint in NCR

August 22, 2024
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Welspun One Logistics Parks, a prominent player in the Indian logistics sector, has significantly expanded its footprint in the National Capital Region (NCR) with the acquisition of a substantial 22-acre land parcel. The company plans to invest a substantial ₹125 crore to develop a state-of-the-art logistics park on this prime

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Bollywood Star Manoj Bajpayee Sells Mahalaxmi Apartment for ₹9 Crore
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Bollywood Star Manoj Bajpayee Sells Mahalaxmi Apartment for ₹9 Crore

August 22, 2024
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Renowned Bollywood actor Manoj Bajpayee has recently sold a luxurious apartment in Mumbai’s prestigious Mahalaxmi area for a substantial sum of ₹9 crore. The 3,000 square feet apartment, located in the upscale Prabhadevi Society, was purchased by Bajpayee in 2011 for approximately ₹5.5 crore. This significant appreciation in property values

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Tribeca Targets Indian Expansion with Four New Trump Towers
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Tribeca Targets Indian Expansion with Four New Trump Towers

August 22, 2024
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New Delhi: Tribeca Developers, a leading real estate firm, has announced plans to expand its footprint in India with the development of four new Trump Tower projects in key cities by the financial year 2026. This ambitious expansion is part of the company’s broader strategy to capitalize on the growing

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Coimbatore Airport Expansion: A Catalyst for Real Estate Growth
Commercial News
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Coimbatore Airport Expansion: A Catalyst for Real Estate Growth

August 22, 2024
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The much-anticipated expansion of Coimbatore International Airport is poised to catalyze significant real estate growth in several surrounding neighborhoods, including Neelambur, Singanallur, Kalapatti, and Irugur. As the airport’s infrastructure and passenger traffic expand, these areas are expected to witness a surge in demand for residential, commercial, and industrial properties. The

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7th Tower at Chintels Paradiso Deemed Unsafe: Audit Report
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7th Tower at Chintels Paradiso Deemed Unsafe: Audit Report

August 22, 2024
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Gurugram, India: In a concerning development, an audit report has declared the seventh tower at Chintels Paradiso, a residential society in Gurugram, as unsafe. This follows the collapse of two towers in the same complex earlier this year, resulting in tragic loss of life. The audit, conducted by a team

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Construction Equipment Sales Show Mixed Signals in Q1 FY25
Commercial News
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Construction Equipment Sales Show Mixed Signals in Q1 FY25

August 19, 2024
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India’s construction equipment industry presents a mixed picture based on sales data for the first quarter of the 2024-2025 financial year (Q1 FY25) released by the Indian Construction Equipment Manufacturers’ Association (ICEMA). On the positive side, there’s a 5% year-on-year growth in sales volume, reaching 28,902 units sold in Q1

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Housing Projects in Limbo: A Crisis Across India
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Housing Projects in Limbo: A Crisis Across India

August 16, 2024
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A sobering report by PropEquity reveals a severe crisis in India’s housing sector, with nearly half a million residential units stalled across 44 cities. The data underscores a systemic issue plaguing the real estate landscape, with financial mismanagement and execution challenges cited as primary culprits behind these delays. Greater Noida

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MCD to Undertake Massive Demolition Drive in Bhalswa Dairy
Commercial News
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MCD to Undertake Massive Demolition Drive in Bhalswa Dairy

August 12, 2024
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New Delhi: A large-scale demolition operation is imminent in Bhalswa Dairy colony, northwest Delhi, with the Municipal Corporation of Delhi (MCD) set to commence the drive on August 12. The civic body has issued a final warning to residents and business owners occupying unauthorized structures within the area. Over 800

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Godrej Properties and Sobha Lead the Charge in Greater Noida Land Auction
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Godrej Properties and Sobha Lead the Charge in Greater Noida Land Auction

August 9, 2024
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New Delhi: A spirited bidding war unfolded as the Greater Noida Authority successfully auctioned five prime group housing plots, generating a substantial revenue of ₹1,500 crore – a remarkable twofold increase over the reserve price. Amidst the intense competition, real estate powerhouses Godrej Properties and Sobha Limited emerged as the

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Delhi High Court Appoints Arbitrator to Resolve Yuvraj Singh-Brilliant Etoile Dispute
Commercial News
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Delhi High Court Appoints Arbitrator to Resolve Yuvraj Singh-Brilliant Etoile Dispute

August 8, 2024
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The Delhi High Court has stepped in to mediate a legal dispute involving former Indian cricket star Yuvraj Singh and real estate developer Brilliant Etoile. In a significant development, the court has directed the appointment of an arbitrator to adjudicate the claims and counterclaims between the two parties. Yuvraj Singh

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