commercial property

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    Kolkata Deal: DLF Transfers IT-SEZ and Land to Srijan Group

    New Delhi, March 30 Real estate major DLF has finalized a deal to sell its IT-ITeS SEZ (special economic zone) project and nearly 18 acres of vacant land in Kolkata for Rs 710 crore to Srijan Group as part of its strategy to monetize commercial assets.The deal was announced in April last year...
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    SM REIT IPO to Fund Ahmedabad Property

    New Delhi, March 30 Property Share Investment Trust, the country's first registered Small and Medium Real Estate Investment Trust (SM REIT), announced on Monday that the IPO of PropShare Celestia, worth Rs 244.65 crore, will open on April 10.The issue, with a price band of Rs 10-10.50 lakh per...
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    ED Targets Assets in Excel Vehicles Bank Fraud

    Bhopal, March 27 – The Enforcement Directorate (ED), Bhopal Zonal Office, has provisionally attached immovable properties valued at approximately ₹12.62 crore under the Prevention of Money Laundering Act (PMLA), 2002.The action is linked to a bank fraud case involving M/s Excel Vehicles Pvt...
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    Real Estate Expansion: Paranjape Schemes Launches New Projects

    New Delhi, March 20 Paranjape Schemes Construction Ltd, a real estate firm, will invest Rs 700 crore to develop four projects in Pune as part of its expansion plan.In a statement on Friday, the company announced the launch of a series of new residential projects across Pune West as part of its...
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    Residential Property Sales Drive Gaurs Group Growth

    New Delhi, March 14 Sales bookings at realty firm Gaurs Group increased by 12 per cent to Rs 5,347 crore during the first nine months of this fiscal, driven by strong demand for its residential and commercial properties.The Delhi-NCR based company had sold properties worth Rs 4,786 crore in...
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    Industrial Investment: Ascendas Firstspace Buys ₹275 Cr Asset in Ahmedabad

    New Delhi, February 25 Ascendas Firstspace has acquired 9 lakh square feet of warehousing and industrial space in Bawla, Ahmedabad, from Crystal Group for approximately ₹275 crore.In a statement on Wednesday, AARE Consulting said it had facilitated the deal between Ascendas Firstspace and...
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    ₹350 Crore Hotel Project Launched in Hyderabad by Mindspace REIT

    New Delhi, February 25 Mindspace Business Parks REIT will develop a luxury hotel in Hyderabad with an investment of ₹350 crore.The company has pre-leased this hospitality project, comprising 339 keys, to Chalet Hotels Ltd.In a regulatory filing on Wednesday, the company said it has...
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    Ansal Housing Assets Frozen in Gurugram Project Probe

    Gurugram, February 19 – In a fresh development in the real estate fraud linked to the 'Ansal Hub-83' project in Gurugram's Sector-83, the Enforcement Directorate (ED) has attached immovable properties worth Rs 82 crore belonging to the promoters and senior officials of Ansal Housing Limited, an...
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    Commercial Real Estate Growth in Noida Drives New Investment

    New Delhi, February 12 Exotica Housing, a real estate firm, will invest around Rs 500 crore to develop a commercial project in Noida to expand its business amid strong demand for prime office spaces.In a statement on Thursday, the company announced the launch of a 5-acre commercial project...
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