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Industry News

  • Trending cement ceiling designs for home

    Cement ceiling designs have emerged as a creative method to inject style and lasting charm into a space. A thoughtfully crafted ceiling can alter the look and feel of a room, introducing depth, dimension and character to the space. Cement ceiling designs have emerged as a creative method to inject style and lasting charm into a space. If you seek a strong and long-lasting ceiling design, cement ceilings are an excellent investment.

  • Psychology of furniture and decor: How your home interior design influences your mood and well-being Hindustan Times

    Home is where our heart is as it is our haven, our oasis and our source of respite where every corner of our abode replicates our sensibilities and passions hence, in this zestful world of interior design, our space perpetually colours the framework of our cerebral and emotional contentment. Our surroundings passively play an imperative part in scripting our moods and dig into our human psychology.

  • Peninsula Land raises 150 crore via optionally convertible debentures and announces setting up of a real estate platform

    Peninsula Land has announced raising of Rs 150 crore via optionally convertible debentures (convertible into equity shares of PLL). The investment is being made by Arsenio Strategies which is an affiliate of the Alpha Alternative Holdings (AAHPL), a reputed multi-asset class asset management firm. The company has additionally announced setting up of a real estate platform with Alpha Alternatives and Delta Corp.

  • Global City project in Gurugram gets environment clearance from MoEF

    The Ministry of Environment, Forest and Climate Change has provided environment clearance to the Haryana government’s ambitious Global City project in Gurugram, people aware of the matter told Moneycontrol. The project is being executed by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). The HSIIDC’s Global City is coming up in Gurugram sectors 36B, 37A and 37B near the recently opened Dwarka Expressway. The Global City will spread across around 1000 acres and will have residential zones, industrial clusters, commercial zones.

  • DLF's luxury residential project 'DLF Privana West' achieves Rs 5590 crore sellout in 3 days

    Real estate company DLF has announced the successful sellout of its latest luxury residential project, 'DLF Privana West,' valued at approximately Rs 5590 crores in just three days. Nestled within Sector 76 and 77, this expansive high-rise development covers approximately 12.572 acres and is an integral component of the larger 'DLF Privana' ecosystem sprawling across approximately 116.296 acres. This achievement closely follows the earlier success of DLF Privana South's sellout in January 2024.

  • Green initiatives for sustainable construction practices Hindustan Times

    Sustainability is an important objective and part of India, which is on the way to becoming Viksit Bharat by 2047. While India aims to become carbon neutral by 2070, major strides need to be taken in that direction right now. In 2022, India updated its Nationally Determined Contributions. The new target to reduce emissions intensity of its Gross Domestic Product (GDP) has been enhanced to 45% by 2030 from 2005 level. For the nation to achieve the set goals, every sector must contribute.

  • How Has Technology Empowered Facility Management Of India’s Growing Luxury Projects?

    Indian Real Estate has widely been known to have over 250+ allied industries indirectly or directly dependent on it. While a majority of these sectors are characterized by tangible products, there are also many intangible professional services that have a huge role to play in how Real Estate is perceived and experienced today. The growing demand for premium and luxury spaces in both Commercial & Residential Real Estate is driving a new era in Facility Management (FM). Companies are no longer offering just maintenance as part of their FM services.

  • Impact of Akshaya Tritiya 2024 on real estate segment

    Akshaya Tritiya, also known as Akha Teej, Akti is a Hindu spring festival that denotes new beginnings. Akshaya means eternal and Tritiya means the third day of the fortnight. This year Akshaya Tritiya falls on May 10. This day is considered auspicious for people investing in anything be it gold, home décor or even home. Why is Akshaya Tritiya important for the real estate market? Home buying is a deeply sentiment driven activity, especially for first time buyers. It is largely done by seeing auspicious dates etc.

  • Noida, Gurgaon, Bengaluru register around 30 percent rent hike, highest in India The Economic Times

    Rental prices in 13 major Indian cities surged 16% year-on-year in the March quarter, with Greater Noida, Gurugram, and Bengaluru seeing the highest increases. Demand for rental units in the Rs 10,000 to Rs 30,000 range dominated, accounting for 42% of total demand. However, supply only increased marginally, leading to a mismatch between demand and availability. Abhishek Bhadra, Head of Research at Magicbricks, attributes the surge in rents to the resumption of office operations since 2022, offering higher yields to landlords.

  • NAREDCO to host “RERA & Real Estate Essentials” on May 15, 16 and 17

    The National Real Estate Development Council (NAREDCO), operating under the aegis of the ministry of housing & urban affairs, Government of India has announced its second management development program, “RERA & Real Estate Essentials,” which will be hosted on May 15, 16 and 17, 2024 at PHD House in Delhi, under the banner of the National Institute of Real Estate Development (NIRED).