Mactrotech Developers to list on April 19
April 19, 2021
Realty major Macrotech Developers, which recently raised Rs 2,500 crore through a public issue, on Friday said it will list its shares on stock exchanges on April 19.
Gurgaon hikes circle rate at posh localities by upto 90%
April 08, 2021
Gurgaon administration has decided to increase the circle rate by upto 90% at some of the posh localities of the city, at a time when the real estate sector is still recovering from the setback by COVID19.
World Bank Raises India's Growth Forecast To 10.1% From 5.4% For 2021-22
March 31, 2021
The World Bank has raised the country's growth forecast to 10.1 per cent for the next financial year 2021-22 starting Friday, April 1, compared to the earlier estimate of 5.4 per cent. The World Bank stated in its recent report 'South Asia Economic Focus' that the Indian economy had been slowing prior to the COVID-19 pandemic.
Vatika Group Repays Rs 1,109 Crore, To Sell More Land To Clear Debt
March 01, 2021
Realty developer Vatika has sold multiple land parcels worth Rs 450 crore and company’s shares worth Rs 170 crore and used the money to give exits to lenders like Piramal Enterprises, HDFC Limited, Indiabulls, ICICI Bank and Standard Chartered Bank, Gaurav Bhalla, managing director, Vatika Group told ET.
5,500 housing units get delivered in top 7 cities as lockdown eases
July 07, 2020
Delivery of projects during the prevailing challenges sends out a positive signal and helps regain homebuyers’ trust given that the government had extended the delivery timelines by at least six months for developers.
Realtors welcome moratorium on payments of dues
July 08, 2020
Gurugram : Realtors on Tuesday said that the decision of the Haryana government to grant a moratorium on payment of fees related to change of land use (CLU), licence renewal and other interest payments is a positive step that will give a breather to the real estate industry.
Virus’ effect on incomes may not be long-lasting
July 07, 2020
The covid-induced lockdown resulted in negligible economic activity. Consequently, firms slashed wages, and reduced employee strength, raising doubts over the ability of households to revive demand. Mint explores the possibility of a permanent income loss in 2020.
Malls in Gurugram, Faridabad to open from July 1; govt issues SOPs
June 29, 2020
Gurugram : The Haryana government has allowed malls in Gurugram and Faridabad to reopen from July one, two months after they were shut down to contain the spread of the coronavirus disease (Covid-19).
The Executive Centre to invest Rs 100 cr on setting up 5 new co-working facilities in India
June 25, 2020
The company is bullish on the demand for flexible office space post COVID-19 pandemic as corporates will look to cut capital expenditure on setting up their own offices.
Anand Mahindra invests $1 million in Gurugram-based startup Hapramp
June 10, 2020
Pratyush Singh, Co-founder and CTO of Hapramp, Anand Mahindra, Chairman of Mahindra Group, and Shubhendra Vikram, Co-founder and CEO of Hapramp.
Haryana to not reopen shopping malls, religious places in Gurgaon, Faridabad
June 10, 2020
Gurugram: Haryana Policemen remove barricades from a road at Delhi-Gurugram border after Central Government guidelines, during ongoing COVID-19 lockdown, near Ambience Mall. (PTI)
WeWork To Pump $100 Mln Into India Business
June 10, 2020
Even as co-working spaces have faced the brunt of the Coronavirus outbreak with several companies deciding to adopt an extended work-from-home regime for employees, WeWork has decided to pump $100 million into its India operations.
1,000 foreign firms mull production in India, 300 actively pursue plan as 'Exit China' mantra grows
April 23, 2020
These companies see India as an alternate manufacturing hub and have taken up their proposals across various levels of the government, including central government departments, Indian missions abroad.
Red carpet for firms looking to ditch China
April 22, 2020
NEW DELHI: The Prime Minister’s Office, Niti Aayog and the Department for Promotion of Industry and Internal Trade are firming up a plan to offer incentives to attract companies looking to shift manufacturing activities out of China.
About 200 US firms aim to move manufacturing base from China to India post-general election: USISPF
April 22, 2020
About 200 American companies are seeking to move their manufacturing base from China to India post the general elections, a top US-based advocacy group has said, observing that there is a fantastic opportunity with firms looking at alternatives.
HOUSING SALES REMAIN MUTED, OFFICE LEASING SEES HISTORIC HIGH IN 2019
February 06, 2020
BIDYA SAPAM, MUMBAI : Home sales improved marginally in 2019 while office leasing saw a historic high during the year despite the overall slowdown in the economy and weak consumer sentiment, according to a latest report by...
NOD TO WIDENING OF GOLF COURSE ROAD TO MEET PROJECTED RISE IN TRAFFIC
September 09, 2019
The tender to engage a contractor will be floated over the next couple of months and work on the road is expected to begin by the end of November with a completion time of two years, said officials. The project will be completed within two years.
RAPID METRO MAY BE EXTENDED TO NEW SECTORS ?
May 29, 2019
GURUGRAM: The state government, on Monday, finalised the detailed project report (DPR) for the Gurugram metro project. It also began discussion on the extension Rapid Metro from Sector 56 to Vatika Chowk, via Southern Peripheral Road (SPR).
What is the new market expectation in realty when it comes to value?
May 18, 2019
Despite the slowdown witnessed in India’s real estate sector that has brought in drastic changes in buying patterns amongst home and commercial property buyers, the industry continuous to be vibrant and strong on delivery.
Investment In Realty Sector Rises 7% In January-march To Rs 17,682 Cr: Report
May 02, 2019
Indian real estate sector attracted investment of Rs 17,682 crore in the January-March period, highest quarterly funding since 2008, on strong inflows from foreign investors in commercial assets, according to property consultant Cushman & Wakefield./p>
Indiabulls-blackstone Jv To Acquire Office Assets In NCR
April 29, 2019
BENGALURU: Mumbai-based developer Indiabulls Real Estate Ltd (IBREL) and its joint venture partner, Blackstone Group Lp, are acquiring three office assets in Delhi and Gurugram, even as it is in talks to exit the real estate business, said two people familiar with the development, seeking anonymity. Acquisition of two office properties will be completed in the June quarter, while the third one will be closed after that.
Residential property prices may rise in second half of this financial year
April 17, 2019
Residential property prices across India’s major markets are expected to rise in the second half of this financial year as sales momentum is expected to pick up pace with an increase in demand.
Hyatt to make room for 14 new properties over next two years
March 28, 2019
NEW DELHI: American hotel chain Hyatt Hotels & Resorts plans to launch 14 new properties in the next two years totalling 2,100 rooms.
Commercial use of buildings go unchecked on Golf Course Road
March 19, 2019
GURUGRAM: Government agencies have failed to curb commercial activities being run from residential buildings on Golf Course Road, despite repeated complaints. As per norms, commercial activities are not allowed in residential areas, be it colonies — which come under, or plots in sectors — falling under HSVP (formerly Huda).
Demand for commercial real estate will continue to pick up: Experts
March 08, 2019
MUMBAI: At a time when India’s housing market is yet to recover from a prolonged slump, demand for commercial real estate has continued to grow with several large institutional investors pouring big investments.