Godrej Enterprises Unveils Plan to Monetize Lucrative Mumbai Land Bank
Godrej Enterprises, a household name in Indian industry, is taking a proactive approach to unlocking the immense potential of its land holdings in Mumbai. Recognizing the significant value these plots possess, the company is embarking on a strategic initiative to maximize their profitability. Gone are the days of simply holding
Illegal Construction Clouds Cast Over Hyderabad’s Opulent Chitrapuri Colony
A dark cloud of suspicion hangs over the luxurious villas nestled within Hyderabad’s prestigious Chitrapuri Colony, a haven for Telugu film personalities. Civic authorities have initiated an investigation into potential violations of building bylaws, raising concerns about the legality and safety of these opulent residences. The crux of the issue
EFC Expands Serviced Office Empire with Strategic Pune Acquisition
EFC, a leading player in India’s managed office space sector, has made a significant move to solidify its dominance in the dynamic Pune market. The company has strategically acquired a sprawling property encompassing a substantial 49,556 square feet for a noteworthy Rs 80 crore. This well-timed acquisition goes beyond simply
MHADA’s Affordable Housing Bonanza: A Lifeline for Mumbai Homebuyers
The Maharashtra Housing and Area Development Authority (MHADA) is set to offer a much-needed respite to Mumbai’s homebuyers with its upcoming lottery featuring over 2,000 apartments. Catering to a diverse range of income groups, the lottery promises to alleviate the city’s acute housing shortage and make homeownership a tangible reality
RMZ Corp and CPP Investments Ink $264 Million Deal with Keppel for Chennai Office Complex
Bengaluru-based real estate giant, RMZ Corp, in partnership with Canada Pension Plan Investment Board (CPP Investments), has successfully concluded the sale of their prime Chennai office asset, One Paramount 1, to Singapore-based Keppel Corporation for a substantial $264 million. This strategic divestment marks a significant milestone for both RMZ and
1 BHK Homes Gaining Popularity Among Bengaluru Millennials
The escalating cost of living, changing lifestyles, and robust job market in Bengaluru are driving a surge in demand for 1 BHK homes among millennials. Bengaluru, a burgeoning metropolis renowned for its IT corridor and youthful energy, is experiencing a pronounced shift in residential preferences. Millennials, the city’s dynamic workforce,
Bengaluru’s Rental Market: A Perfect Storm
Bengaluru, India’s Silicon Valley, is experiencing an unprecedented rental market frenzy. A recent incident has underscored the city’s housing affordability crisis. A 2BHK apartment in the prime locality of Koramangala was listed on X for a staggering monthly rent of ₹43,000, accompanied by a hefty security deposit of ₹2.5 lakh.
Goa to Welcome Sixth Taj Hotel
Mumbai-based real estate developer Bharat Realty Venture Pvt Ltd (BRVPL) is set to add another feather to Goa’s tourism cap. The company will commence construction of the state’s sixth Taj Hotel in the picturesque Anjuna area from September 2024. Envisioned as a luxurious retreat, the hotel will boast 170 sea-facing
MMRDA to Raise Rs 5,497 Crore Through BKC Land Leases
The Mumbai Metropolitan Region Development Authority (MMRDA) is set to bolster its financial position through the strategic leasing of seven prime plots in the prestigious Bandra-Kurla Complex (BKC). This move is expected to generate a substantial revenue of Rs 5,497 crore. The authority has earmarked three of these plots for
Mahindra & Mahindra Offloads Mumbai Land for Rs 210 Crore
Mahindra & Mahindra sells 20.5-acre land in Mumbai’s Kandivali to Blueprintify Properties for Rs 210 crore, despite the land’s current NDZ status. In a significant real estate transaction, Mahindra & Mahindra has successfully disposed of a substantial 20.5-acre land parcel strategically located in Mumbai’s Kandivali area. The land, acquired by