REAL ESTATE NEWS

Residents of Lucknow to receive combined water and house tax from FY25

  • ET Realty Residential
  • 18th Mar, 2024

Corporator Laeeq Agha, a member of the EC, praised the decision, stating, “This initiative not only simplifies the tax collection process, but also encourages proactive participation from residents in contributing towards the development of our city.”

Greater Noida development body registers 1,000 flats in 20 days

  • ET Realty Residential
  • 18th Mar, 2024

Officials said that developers of these 30 plus projects owe dues amounting to Rs 1,800 crore after considering the relief of a two-year zero due to the Covid pandemic from April 2020 to March 2022.

Noida Authority set to challenge Allahabad HC order asking it to register Lotus flats

  • ET Realty Residential
  • 18th Mar, 2024

In two separate rulings on Feb 29, the high court bench of justices Mahesh Chandra Tripathi and Prashant Kumar had asked the Authority to register flats in these projects in a month and a half and ordered an ED investigation against the builders.

Mumbai: Survey for Dharavi redevelopment project begins from Kamla Raman Nagar

  • ET Realty Infrastructure
  • 18th Mar, 2024

SVR Srinivas, CEO of the Dharavi Redevelopment Project, said that the project is a very important one, and today we have begun the survey.

Bengaluru: Road connectivity at Nadaprabhu Kempegowda layout comes with land loss for some

  • ET Realty Infrastructure
  • 18th Mar, 2024

The BDA would treat the applicants as being entitled to priority allotment and allot each of them a site measuring 30x40 sq ft in the Nadaprabhu Kempegowda Layout.

Navi Mumbai: Cidco announces scheme to sell 243 shops in Ulwe housing complex

  • ET Realty Retail
  • 17th Mar, 2024

The shops have been made available for the small and medium businesses in Ulwe node which is now well connected with varied modes of transportation.

Early property taxpayers to get 10% rebate next FY: Guwahati mayor

  • ET Realty Residential
  • 17th Mar, 2024

The mayor said the property owners who will pay the property taxes in the first two months of the next financial year, between April 1 and May 31 in the next fiscal, will get 10% rebate on property tax.

Hyderabad civic body razes 439 illegal structures

  • ET Realty Infrastructure
  • 16th Mar, 2024

As per the TSbPASS rules, the special task force at zonal office level, headed by zonal commissioner, was constituted to detect and monitor unauthorised constructions, unauthorised layouts and take timely enforcement action.

Bengaluru: BWSSB says builders using drinking water for construction will lose NOC

  • ET Realty Infrastructure
  • 16th Mar, 2024

BWSSB chairman Ram Prasath Manohar has issued a public notification in this regard, stating that builders should compulsorily use tre ated water for construction purposes.

DDA to develop three jhuggi clusters in east Delhi

  • ET Realty Infrastructure
  • 16th Mar, 2024

​These JJ Clusters include Kalandar Colony, Deepak Colony and Dilshad Vihar Colony that house nearly 4,000 households.

Rajasthan housing minister inaugurates six projects of RHB

  • ET Realty Infrastructure
  • 16th Mar, 2024

​In addition, the minister also inaugurated 12 residential projects together comprising 3,001 tenements in various cities across the state.

Mumbai: No possession for three years, buyers protest against Bhagwati Developers

  • ET Realty Residential
  • 15th Mar, 2024

The Bhagwati Greens-III housing project next to ISKCON temple has three wings with 135 flats and 25 shops. Both A & B wings have 28 floors with 44 and 66 flats, respectively, while the C wing has 25 floors with 25 flats and 25 shops.

Bengaluru civic body extends 5% rebate on paying property tax for 2024-25 till July

  • ET Realty Residential
  • 15th Mar, 2024

BBMP chief commissioner Tushar Giri Nath issued a circular on Wednesday stating that the Palike’s revenue officials would be busy with election duty and may not be available to create challans, provide information, or provide guidance to taxpayers.

Mysuru development body set to auction 200 premium sites worth Rs 400 crore

  • ET Realty Residential
  • 15th Mar, 2024

Adish Sagar from Mysore Realtors’ Association said since the urban development body was unsuccessful in creating new layouts, it started selling off its premium sites in layouts it had developed earlier.

Delhi development body opens booking for 10,000 ready flats

  • ET Realty Residential
  • 15th Mar, 2024

Delhi Development Authority offers diverse flats in Narela under Diwali Special Housing Scheme 2023 Phase III. MIG flats in Sector A1-A4 are also available. Jasola, Rohini, Loknayak Puram feature varied affordable housing options.

Uttar Pradesh: Four housing development bodies pulled up for delaying affordable homes

  • ET Realty Residential
  • 15th Mar, 2024

The authorities governing Hapur-Pilkhuwa, Unnao-Shuklaganj, Kanpur and Ghaziabad have been asked to expedite work on creating the housing units which have been approved by the central sanctioning and monitoring committee (CSMC).

Uttar Pradesh to establish town and country planning directorate

  • ET Realty Infrastructure
  • 15th Mar, 2024

Under the plan, a town and country planning directorate will be set up, which will govern the development not only within the housing development authorities but also within urban local bodies.

Haryana: 20 illegal colonies razed, DTCP urges cops for FIRs

  • ET Realty Infrastructure
  • 15th Mar, 2024

“These illegal colonies were developed in Gurgaon, Sohna, Pataudi and Farrukhnagar in the past few months,” an official said.

Andhra Pradesh government cancels land acquisition notification in Amaravati

  • ET Realty Infrastructure
  • 15th Mar, 2024

The previous TDP govt had pooled up about 34,000 acres of land from farmers in 29 villages which were earmarked as capital city area through the land pooling scheme (LPS).

ICICI Prudential Life leases 2.52 lakh sq ft office space in Mumbai

  • ET Realty Commercial
  • 15th Mar, 2024

The insurance major has leased this office space - spread across four floors - for five years through a structured deal, a person cited earlier said, adding that the company will be paying a monthly rental of 91.5 per sq ft for the office space.

About 25 more flats registered in Noida authority's second camp

  • ET Realty Residential
  • 14th Mar, 2024

This is the second camp organised to expedite registries of flats in projects whose developers have agreed to clear their recalculated dues under a rehabilitation package based on recommendations of a panel headed by former Niti Aayog CEO Amitabh Kant.

Delhi: NGT pull up DPCC for no report on 180 societies' water

  • ET Realty Infrastructure
  • 14th Mar, 2024

The tribunal had earlier directed DPCC to identify the source of contamination, but the committee told NGT that it has floated a tender for sample analysis.

Nexus Select aims to double portfolio in five years with acquisition-led strategy

  • ET Realty Retail
  • 13th Mar, 2024

Blackstone-backed Nexus Select Trust plans to double its assets portfolio to 20 million sq ft in 5 years. CEO Dalip Sehgal stated that the trust can borrow $1 billion or swap units for assets to fund acquisitions. The trust currently owns 17 malls across 14 cities, including Ahmedabad and Amritsar.

Asset reconstruction companies vie for ACCIL Corp's Jaipur hotel debt

  • ET Realty Hospitality
  • 11th Mar, 2024

Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge.

Byju’s to vacate several offices in cost-cutting drive, may give up HQ partially

  • ET Realty Commercial
  • 11th Mar, 2024

Byju's is undergoing a cost-cutting initiative and restructuring drive, downsizing assets and tuition centers. The edtech firm has identified assets that overlap with its Aakash centres.

Banks settle Rs 737 crore loan on south Mumbai mall with BMMCL's promoters

  • ET Realty Retail
  • 9th Mar, 2024

Mall owner Bansi Mall Management Company (BMMCL), promoted by Biyani, owed lenders Rs 737 crore against which the promoters have offered Rs 440 crore.

NCLT rejects Express Group of Hotels' revival plan for Neesa Leisure

  • ET Realty Hospitality
  • 8th Mar, 2024

The company has admitted liabilities of Rs 1,580 crore, whereas the resolution plan approved by the lenders proposed to give Rs 150 crore to them to acquire the company through the bankruptcy process.

Council members urge Delhi civic body to look for alternatives before sealing properties

  • ET Realty Retail
  • 7th Mar, 2024

According to NDMC officials, around Rs 2,500 crore is pending against the top 100 defaulters. “Of this amount, we need to recover Rs 1,950 crore from CP and neighbouring areas.

Virat Kohli leases 18,340 sq ft office space in Gurugram

  • ET Realty Commercial
  • 6th Mar, 2024

According to a person familiar with the deal, Kohli had bought the space about a decade ago and since building recently got completed, he leased the building for rental income.

Edelweiss Alternatives set to buy IT park in Bengaluru for over Rs 1,475 crore

  • ET Realty Commercial
  • 4th Mar, 2024

This is the largest and first transaction for a complete buyout of an office tower so far this year. Edelweiss Alternatives is buying this asset through its rental fund, which is currently in the process of raising Rs 5,000 crore.

CapitaLand India Trust acquires 1.4 million sq ft IT SEZ project in Pune for Rs 7.73 billion

  • ET Realty Commercial
  • 2nd Mar, 2024

Approximately 60% of BlueRidge 3 Phase 1 has been leased to multinational companies. Leasing for the rest of Phase 1 is underway.

Delhi civic body seals five more shops under sealing drive in Connaught place

  • ET Realty Retail
  • 29th Feb, 2024

An NDMC official said that on Tuesday five shops were sealed but two were desealed later. In one case, a payment was made. In another, a court order was given.

Unauthorised offices of real estate agents built on YEIDA plots, razed

  • ET Realty Commercial
  • 29th Feb, 2024

These land parcels were originally allotted to two builders whose land allocations were canceled a few years ago due to their failure to initiate construction and fulfill their financial obligations to the Authority.

Delhi civic body seals six shops under sealing drive in Connaught place

  • ET Realty Retail
  • 28th Feb, 2024

The drive was carried out in Connaught Place's B, C, D and G blocks. Atul Bhargava, president of the New Delhi Traders' Association, demanded that there should be a uniform tax regime across Delhi.

IL&FS puts over 5.4 lakh sq ft GIFT City office properties on the block

  • ET Realty Commercial
  • 28th Feb, 2024

Beleaguered non-banking finance company IL&FS is selling commercial properties in GIFT TWO, Gujarat’s GIFT City, as part of its debt resolution process. The properties include offices leased to Tata Consultancy Services.

LTI Mindtree takes another six lakh sq ft space in Chennai

  • ET Realty Commercial
  • 27th Feb, 2024

In 2023, technology firms LTI Mindtree and L&T Technology Services (LTTS) consolidated their real estate portfolio across Chennai amidst cost-cutting and hybrid work models implemented across sectors.

PMC Bank case: ED attaches shops worth over Rs 13 crore in Pune mall

  • ET Realty Retail
  • 24th Feb, 2024

The Enforcement Directorate attached shops worth more than Rs 13 crore in Pune's SGS Mall in the Punjab and Maharashtra Cooperative (PMC) Bank loan fraud-linked money laundering case.

Chandigarh civic body seals five commercial properties in Burail

  • ET Realty Commercial
  • 24th Feb, 2024

The sealing exercise was carried out after tax defaulters did not clear dues even after getting recovery notices and sealing notices.

Himachal CM hails SC verdict asking Oberoi Group to vacate Wildflower Hall hotel near Shimla

  • ET Realty Hospitality
  • 22nd Feb, 2024

Sukhu attributed the "favourable" decision to the meticulous efforts of the state government in effective pleading of the case by engaging renowned lawyer Mukul Rohatgi.

Ahmedabad civic body seals 3,500 shops over pending property tax

  • ET Realty Retail
  • 20th Feb, 2024

The department also issued recovery notices to 179 offices and businesses over short payment of professional tax and recovered Rs 17.73 lakh.

TCS leases four lakh sq ft office space in Noida

  • ET Realty Commercial
  • 20th Feb, 2024

Tata Consultancy Services (TCS) leases 400,000 sq ft office space in Noida due to renewed demand. Delhi-NCR records highest leasing volume, with flex space sector leading. Supply increases, raising vacancy rate. Large corporations drive demand. Cushman & Wakefield comments. IT-BPM sector records high volume.

Mumbai: Housing society to pay Rs 1.5 lakh compensation to joint shop owners

  • ET Realty Retail
  • 19th Feb, 2024

​Ruling in favour of the joint owners, Dahisar residents, Jasmin Kapadia and Ketan Parmar, the commission said that the complainants have established that the society is liable for deficiency in services.

Shop rentals dip in CBD areas of Kolkata in face of hawker pressure

  • ET Realty Retail
  • 18th Feb, 2024

Traders, real estate agents and market committees TOI spoke to attributed the sharp decline in rent to rampant encroachment by hawkers, not only the pavements but also the carriageway.

Uttarakhand pollution control board seals nine hotels in Mussoorie

  • ET Realty Hospitality
  • 16th Feb, 2024

R K Chaturvedi, regional officer, UPCB, said that in a survey of 282 hotels done last year, these nine hotels were operating without valid Consolidated Consent and Authorisation (CCA) from UPCB, for which they were issued notices.

Oyo Hotels & Homes may back out of IPO plan, opt for private raise

  • ET Realty Hospitality
  • 14th Feb, 2024

In a response to emailed queries by ET, Oyo said the information is inaccurate. Oyo’s first public offer filing was returned by the markets regulator in January 2023, requiring the SoftBank-backed firm to refile its draft red herring prospectus (DRHP) with updates and revisions.

DB Realty board gives in-principal nod to demerge hospitality business

  • ET Realty Hospitality
  • 9th Feb, 2024

"The demerger will unlock the value of the real estate and hospitality business for the company's shareholders, enable a differentiated strategy to capture the huge potential of the Indian hospitality sector, and attract a distinct set of investors, partners, collaborators, and leadership talent focused on the hospitality business," D B Realty said.

Shri Ram Multicom to acquire Sarga Hotels under IBC

  • ET Realty Hospitality
  • 29th Jan, 2024

The Kolkata bench of the National Company Law Tribunal approved a Rs 301 crore resolution plan against Rs 816 crore admitted claims from creditors, employees, and trade creditors.

NCLAT sets aside insolvency proceedings against Asian Hotels West

  • ET Realty Hospitality
  • 10th Jan, 2024

NCLAT said the decision of lenders of Asian Hotels (West) was "arbitrary in not approving 12A Proposal", which offered to pay the entire debt of financial creditors as well as all other creditors.

Himachal Pradesh HC orders East India Hotels to handover Hotel Wildflower Hall to HPTDC

  • ET Realty Hospitality
  • 6th Jan, 2024

​​The order paved the way for the hotel's possession by the HPTDC by rejecting the review petition filed by EIH group against the court order passed on November 17, 2023.

Hansoge Enterprises sells 175-room hotel in Bengaluru for Rs 150 crore

  • ET Realty Hospitality
  • 5th Jan, 2024

According to industry estimates, around 59 hotels comprising 4,669 keys were signed by multiple hotel operators in the third quarter of 2023. In that quarter, the average daily rate rose 15.6% from a year earlier, resulting in a 15.1% increase in revenue per available room.

NEW PROJECTS

Alembic City The Villas
Alembic City The Villas
Gorwa, Vadodara
Villas Villas
4750 Sq.ft - 6500 Sq.ft Built-up Area
8 Cr Onwards
+91 98197 02366
Alembic City West
Alembic City West
Gorwa, Vadodara
3 BHK, 4 BHK Flats Flats
2833 Sq.ft - 4084 Sq.ft Carpet Area
3.50 Cr Onwards
+91 98197 02366
Kalpataru Azuro
Kalpataru Azuro
Nepean Sea Road, Mumbai
4 BHK & 5 BHK Duplex Flats
2762 Sq.ft - 4418 Sq.ft
35 Cr*
+91 97690 25551
Kalpataru Prive
Kalpataru Prive
Altamount Road, Mumbai
4 BHK & 7 BHK Duplex Flats
3080 - 5300 Sq.ft
50 Cr*
+91 9769025551
Integrated Passcode Big Deal
Integrated Passcode Big Deal
Goregaon West, Mumbai
2 BHK Flats Flats
566-590 Sq.ft Carpet Area
1.26 Cr Onwards*
+91 7977640320
Ajmera Manhattan
Ajmera Manhattan
Wadala East, Mumbai
2 BHK & 3 BHK Flats Flats
750 Sq.ft - 1122 Sq.ft Carpet Area
2.37 Cr Onwards*
+91 97690 25551
Ashtha Serene
Ashtha Serene
Goregaon West, Mumbai
1 RK, 1 BHK & 1.5 BHK Flats Flats
280 Sq.ft - 530 Sq.ft Carpet Area
65 Lacs Onwards*
+91 7977640320
Acme 36 Allure
Acme 36 Allure
Goregaon West, Mumbai
1 BHK & 2 BHK Flats Flats
405 - 618 Sq.ft Carpet Area
1.05 Cr Onwards*
+91 7977640320
Ghodawat Skystar
Ghodawat Skystar
Goregaon West, Mumbai
2 BHK, 3 BHK Flats Flats
713 - 998 Sq.ft Carpet Area
2.02 Cr Onwords*
+91 9769025551
Silver Serene
Silver Serene
Goregaon West, Mumbai
2 BHK Apartment Flats
598 - 664 Sq.ft Carpet Area
1.60 Cr Onwards*
+91 98197 02366
Riverdale Marol
Riverdale Marol
Andheri East, Mumbai
2 BHK Flats Flats
630 Sq.ft RERA Carpet
1.49 Cr Onwards*
+91 9769025551
Codename Gold One
Codename Gold One
Goregaon West, Mumbai
1 BHK and 2 BHK Apartments Flats
360 Sq.ft to 630 Sq.ft Carpet Area
77 lacs Onwards*
+91 97690 25551