Adani Realty has won the bid for undoubtedly the best piece of land in Mumbai. The new whale of the real estate market outbid L&T Realty to secure a 24-acre land parcel at Bandra Reclamation. Every piece of land invariably has a weakness. The one acquired by Adani is an exception.
In the bustling streets of Gurugram, amidst the honking of cars and the rush of daily life, lies a hidden gem capturing the hearts of investors and homebuyers alike – New Gurugram.
Picture this: a vibrant blend of sleek high-rises and sprawling gated communities set against the backdrop of a city on the rise. It’s not just a suburb; it’s a promise of modern living at its finest, where every corner tells a story of growth and opportunity.
Real estate developers in India are experiencing relatively mild cost pressures with construction costs rising 0.7% in the quarter ending December 2023 when compared to the same period a year earlier, data from the TruBoard Real Estate Construction Cost Index show. The index showed a slightly higher increase than the 0.3% uptick observed in the previous quarter.
India is expected to see 50% growth in ultra-high networth individuals (UHNIs) in next five years, said a new report on Wednesday.
In the dynamic and ever-evolving landscape of modern business, the concept of flexibility has become integral to success. As organizations strive to adapt to rapidly-changing environments, flexspaces have emerged as a strategic solution, offering not only operational flexibility but also substantial tax advantages.
This in-depth exploration delves into the myriad ways businesses can leverage co-working spaces for tax savings.
Waterbodies – rivers, lakes, tanks, ponds etc. – have always been an inalienable part of many of our cities. A critical component of the human ecosystem, they have not only been a source of drinking water, but have also acted as sponges to recharge groundwater, supported biodiversity, provided livelihoods and performed the role of carbon sinks. Increasing, uncontrolled and unplanned urbanization is driving many of these waterbodies towards extinction.
The Thane Municipal Corporation has finalised two plots admeasuring 45,902 sq m in Betawade area between Diva and Dombivli for a low cost housing project for project affected people and economically weaker sections under the Pradhan Mantri Awas Yojana (PMAY).
The civic body, which acquired the two government plots from the Thane Collector admeasure 37,302 sq m and 8,600 sq m, will construct the project under Public Private Participation model and the tendering process for appointing developer has been initiated.
CG House, one of the landmark buildings of Mumbai's tony Worli area, will be demolished soon as CG Power and Industrial Solutions has signed an agreement with real estate major K Raheja Corp Group to jointly develop the property.
The building is the registered office for the Chennai-headquartered Murugappa Group firm CG Power.
Demand for Grade A offices is forecast to return to pre-pandemic levels in 2024, but record levels of new supply will cause vacancy rates to also tick upwards, according to an analysis by Cushman & Wakefield.
India jumped 18 places to 14th rank in home price appreciation globally in September quarter, with nearly 6 per cent price rise year-on-year, according to Knight Frank India.
Real estate consultant Knight Frank's Global House Price Index tracks nominal and real price growth across 56 countries in local currencies.
