NEWS FEED


Logistics, warehousing H1 leases up 45%; GST, infra status pushes demand

Leasing activity was primarily driven by consolidation and expansion moves of e-commerce, 3PL, retail, and engineering and manufacturing companies, which together accounted for more than 75% of the leasing reported during the period

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Mumbai-based builder asked to compensate home buyer for delay in delivery

A group of home buyers, following the delay in the delivery of project Sheth Midori in Mumbai’s Borivali suburb, had moved the authority seeking compensation on account of the delay

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Elara Technologies secures $35 million from Citi Singapore

Wong Sin Ping, Global Subsidiaries Group Head of Citi Singapore said, “India's real estate sector is growing at a healthy pace on the back of strong overall market demand

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Mumbai: Amex Developers directed to file application with BMC to raze adjacent building

A bench of Justices Abhay Oka and Riyaz Chagla heard a petition by Amex Developers, which is constructing on a plot at Keshavji Naik Road where Rambia House earlier stood

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DLF-GIC to invest Rs 1,250 crore for housing project in central Delhi

DLF had entered into a joint venture with GIC for these two projects, which will be called 'Midtown', having total development potential of about 7 million sq ft

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Bihar RERA freezes bank accounts of Patna Green Housing

The Authority has also barred the company from booking any plot, house or bungalow in the project at Shivala Mor on Danapur-Bihta road

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BMC cites FSI violations, scraps firm's lease on Campa Cola plot

The Campa Cola compound has been at the centre of a legal controversy, with the Supreme Court in 2013 having first upheld the civic administration's demolition orders

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JSW Steel makes Rs 19,700-crore offer for Bhushan Power and Steel

The bids were submitted for the second time to the CoC late night on August 13. Now the CoC will inform the NCLAT tomorrow about the bids received by the interested parties

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Supertech to invest Rs 800 crore this fiscal on construction; to deliver 10K flats in FY19

Noida-based firm is also eyeing its sales booking to rise to Rs 3,000 crore during 2018-19 fiscal on the back of improved demand especially from ready-to-move-in apartments, its MD Mohit Arora said

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Indiabulls Real Estate closes buyback offer, buys 2.6 crore shares for Rs 443 crore

The buyback was from all shareholders of the company, excluding promoters and promoter group of the company, from open market through stock exchanges

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Homebuyers take pending cases to RERA in first face-to-face meet

From September 4, the panel will start hearing cases in Greater Noida four times a week — Monday, Tuesday, Thursday and Friday. A separate bench will, however, operate out of Lucknow on Wednesday

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Three states yet to roll out Rera, others have diluted versions

States such as Haryana, Uttar Pradesh, Telangana, and Tamil Nadu among others where implementation of Rera is not up to the mark, the proportion of unregistered projects are very high

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Home Credit leases 1.5 lakh sq ft at Empire Tower in Navi Mumbai

The total lease tenure is five years including a rental reset after three years from now. The company will be paying rental of Rs 55 per sq ft a month, taking the annual payout to nearly Rs 10 crore

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