WeWork announced on Friday that it has agreed to go public in a merger with blank-check company BowX Acquisition Corp, in a deal estimated at $9 billion. It represents a significant decrease from the $47 billion that WeWork was priced for a listing in 2019, prior to a failed listing strategy that crumbled due to […]
WeWork goes public via SPAC in a $9 billion deal.more
The real estate developers’ association CREDAI MCHI urged the Maharashtra government to extend the currently reduced stamp duty to 31 March 2022. It emphasized that the sentiments and registrations of the properties, job creation and overall tax collection for the State were considerably improved after the stamp duty was cut. Representatives of the real estate body that has […]
CREDAI-MCHI asks the Government of Maharashtra to elongate the stamp duty reduction by another 12 months.more
Indiabulls Housing Finance has sold to a real estate developer in Delhi a property belonging to Yes Bank Cofounder Rana Kapoor for Rs 114 crore, said three people aware of the development. To recoup nearly Rs 240 crore, it had loaned to Bliss Villa, a company where Kapoor was the guarantor, the mortgage lender sold at […]
Indiabulls Housing Finance auctions Rana Kapoor’s property for Rs 114 crore.more
The state housing department provides relaxed conditions for the redevelopment of old and decayed cessed buildings in the city with hundreds of Mhada NOCs stuck for over a year. It has removed a 2019 GR which, several developers have said, was unworkable. Now developers would not be expected in order to obtain a redevelopment NOC to […]
State Housing Department Relaxes Rules for the Redevelopment of Cessed Buildings in Mumbai.more
Prime Minister Narendra Modi stated on Saturday that the average housing construction time for the Pradhan Mantri Awas Yojana (PMAY-Gramin) were 45 to 60 days against 125 days at the time of the pandemic, as migrant workers returned home during lock-down and contributed towards it. He said that under the PMAY, during the coronavirus phase, […]
Prime Minister speaks about the rapid construction of PMAY houses during the pandemic period.more
Hyderabad- Revenue reforms will not only benefit property owners that run around for mutation (transfer of ownership) but will also simplify the process of property tax assessment for those residing within the GHMC limits. Earlier, the buyer had to go to the GHMC’s citizen service centre, along with a demand draft, latest encumbrance certificate, affidavit, […]
Revenue reforms will simplify the process of property tax assessment.more
On 8 September, Bombay High Court ordered MMRDA “for further stalling of road-widening work on a property owned by a housing society” in Kurla, after alleging that the government had “high-handedly” taken over 700 square metres. The work is carried out in an extended road from Kurla to Vakola on a road between Santacruz and […]
Bombay High Court ordered MMRDA to stop road-widening work on housing society plot.more
The new real estate hotspot of the city is a 30-km stretch along the Srisailam Highway— 45 minutes from Gachibowli. Reason: the Hyderabad Pharma City (HPC). Although this large ticket business has been underway in Dasara for sometimes, government officials have confirmed it is finally being routed. This led to major activities along the highway, […]
The new real estate hotspot, Hyderabad Pharma City (HPC).more
The largest bank of Japan MUFG pick up 30,000 sqft of space on rent for 10 years for approximately Rs 90 crore at the commercial building in Adani Realty at BKC, sources said. After many years in Nariman Point, the bank that started operations in Mumbai in 1953 relocates its Indian headquarters to BKC. Established […]
Adani Realty leases 30,000 sqft of space to Japanese largest bank MUFG.more
Crisis-hit IL&FS will be inviting initial bids to sell its corporate headquarters in the Bandra-Kurla Complex (BKC) in Mumbai at the end of this month, almost two years after the debt-ridden infrastructure lender folded, two people with direct development knowledge said. By the end of this financial year, the organisation aims to monetise the high-end […]
IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.more
