MUMBAI: In a significant relief to over 35 former mill workers of the Bombay Dyeing Mill, the Bombay High Court has stayed the allocation of 80 transit tenements within an MHADA project arising from the redevelopment of the mill land at Prabhadevi and Wadala. The court’s decision follows a petition filed by a group of […]
Bombay High Court Halts Allocation of 80 Transit Flats by MHADAmore
The Asian Development Bank (ADB), a multilateral funding agency headquartered in Manila, has pledged USD 70 million (approximately ₹595 crore) to Vastu Housing Finance to support affordable housing initiatives. This funding will help improve access to sustainable and affordable housing loans for underserved borrowers, with 15% of the funds dedicated to first-time homeowners, according to […]
ADB Pledges $70 Million to Vastu Housing Finance to Boost Affordable Housing.more
LUCKNOW: The Lucknow Development Authority (LDA) announced on Friday that the allocation of 292 plots under the Transport Nagar scheme could be revoked due to missing official records. To address the issue, the LDA has instructed current occupants to submit allocation-related documents for verification. If the documents are deemed valid, the occupants can retain their […]
Lucknow Development Authority to Cancel 292 Plots in Transport Nagar Scheme Over Missing Recordsmore
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) in New Delhi has designated NBCC (India) as the Project Management Consultant (PMC) for the completion of 16 Supertech projects. These projects encompass approximately 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost for completing these projects stands at approximately […]
NCLAT Designates NBCC as PMC to Complete 16 Supertech Projectsmore
VADODARA: LIC Housing Finance Ltd (LICHFL) has officially declared the Agora City Centre, situated on Mangal Pandey Road near VUDA Circle, as a stressed asset. The housing finance giant has subsequently sold the project to an asset reconstruction company (ARC). Despite being envisioned as one of the most luxurious real estate projects in Vadodara, Agora […]
LIC Housing Finance Labels Agora City Centre as a Stressed Assetmore
NEW DELHI: From January 2024 through October 2024, approximately 220 new projects have been officially registered with the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). This marks a considerable increase compared to previous years, as 190 projects were registered in 2023 and 215 in 2022. This trend highlights the strong growth in real estate developments […]
Over 200 New Projects Registered with Uttar Pradesh RERA between January and October 2024more
The passing of Ratan Tata, one of India’s most influential business leaders, would mark a turning point for the country’s corporate world. His influence extended far beyond the Tata Group, shaping sectors like IT, steel, and automotive, but his contributions to real estate are equally noteworthy. Ratan Tata’s vision for affordable and sustainable housing has […]
The Legacy of Ratan Tata and Its Impact on Indian Real Estatemore
Jodhpur: The Rajasthan High Court has raised concerns about selling plots and houses in privately developed colonies that lack essential amenities such as proper drainage, electricity, and water supply. On Wednesday, the court directed the state government, development authorities, and urban bodies to ensure that no developer or builder can sell properties without complying with […]
Rajasthan HC: Builders Cannot Sell Properties without Providing Basic Amenitiesmore
Mumbai, India (September 20, 2024): The Phoenix Mills Limited (“PML” or “Company”) announced today that Casper Realty Private Limited (“Casper”), a wholly-owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots – cumulatively measuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada […]
Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjabmore
A consistent inflow of small, medium, and large enterprises into managed office spaces across the country is leading to an increase in rentals owing to demand outstripping supply. This shift in industry dynamics is thereby cementing the flexible managed office segment’s position as one of the major growth drivers of the commercial real estate industry. […]
Rental Growth cements flex leasing industry’s impact on real estatemore
