The EDMC House scrapped a proposal to impose new taxes in its annual budget on February 8, according to officials. The move comes ahead of the civic elections in Delhi, which are scheduled for April. Previously, on December 29, the standing committee of the BJP-led East Delhi Municipal Corporation (EDMC) rejected a proposal in the […]
East Delhi’s civic body has rejected a proposal to levy new taxes.more
Prestige Group, based in Bengaluru, is set to purchase a prime plot of land extending from Anna Salai to White’s Road from Sundaram Motors of the TVS group for Rs 550 crore to Rs 600 crore. a combination of retail and commercial According to sources close to the development, Grade A office space is likely […]
Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.more
G Square, South India’s largest and most experienced land aggregator and plot promoter, has announced MS Dhoni as its brand ambassador. The collaboration reaffirmed the company’s aggressive growth strategy in Chennai, Coimbatore, and Bengaluru, as well as plans for pan-India business expansion. “By announcing this partnership with MS Dhoni, we are enthralled to be working […]
MS Dhoni decides to join G Square as a brand ambassador.more
Mr.Pritam Chivukula, Co-Founder & Director,Tridhaatu Realty and Hon.Secretary, CREDAI MCHI Sector Performance in 2021: The year 2021 started with a mild relief to the industry, with the government pitching to support the developers and introducing various relaxations. The decreased stamp duty by the state government in until March 2021 set a path for the property […]
Real Estate Year-End Review and Outlook for 2022 By Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Hon. Secretary, CREDAI MCHI.more
“The mood is upbeat across both the residential and commercial markets. 2022 will be a pivotal year for growth and technology transformations across the sector. Despite the volatility, 2021, has been a pivotal year for the growth of Indian Real Estate as it paved the way for an evolved and resilient sector driven by increased […]
Outlook for 2022 By Prashant Solomon, MD, Chintels India & the Hon. Treasurer for CREDAI NCRmore
New Delhi, July 16, 2021: As the Government notified the proposal to make the 1.3 Km Road from Red Fort to Fatehpuri Masjid in Chandni Chowk between 9AM and 9PM as a pedestrian-only zone, Omaxe Ltd., which is constructing a multi-level parking cum commercial project in PPP with North Delhi Municipal Corporation, is gearing up to […]
Come 2022, pedestrian-only Chandni Chowk to have its multi-level parkingmore
Facebook has taken 90,000 sq . ft in commercial tower One BKC in Mumbai’s business hub Bandra-Kurla Complex (BKC) through renewal and new lease agreements with Blackstone Group. The office space is being enlarged, and the firm is preparing for a cautious return to work for its employees. Several major corporations are extending their workplace […]
Facebook extends its office space in Mumbai’s BKC area with a new lease and renewals.more
The top retailers and restaurant chains such as Reliance Retail, Madura Fashion & Lifestyle, Domino, Plum by Bent Chair, Mamagoto, Farzi Café, Lee, Wrangler & Cafe Warehouse, etc., insist on introduction of clauses in all new leases, which state that in the event of government-mandated closures of stores and business, they do not pay rent […]
In the event of a lockdown, retailers have stated that they will only pay rent in proportion to their actual business.more
On July 13, Adani Group Chairman Gautam Adani announced that the Adani Group has taken over management of Mumbai International Airport from the GVK Group. Following a MIAL board meeting earlier on July 13, the Adani Airport Holdings Limited (AAHL) took over managerial control of MIAL from the GVK Group. Gautam Adani stated: “We are […]
The Adani Group takes over the management of Mumbai International Airport from the GVK Group.more
With the Covid-19 outbreak dampening commercial real estate demand, numerous realtors have transformed commercial projects into residential ones. So far this year, approximately 25 commercial projects have been converted to residential designs. Revised building designs for 20 commercial developments in Ahmedabad Municipal Corporation areas have been approved (AMC). Five more projects in Ahmedabad Urban Development […]
Realtors transform commercial projects into residential in the face of severe demand.more