real estate

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    Co-working Space Growth: IndiQube Adds Significant Bengaluru Lease

    New Delhi, March 30 IndiQube Spaces Ltd, a real estate firm, has leased 48,000 sq ft of office space at its co-working center in Bengaluru to a healthcare firm for setting up a global capability center (GCC) with an expected rental of ₹75 crore over a five-year period.IndiQube, which got...
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    Lodha Developers Issues ₹500 Crore Debentures

    New Delhi, March 30 Lodha Developers Ltd, a real estate firm, announced on Monday that it has raised ₹500 crore by issuing debentures.In a regulatory filing, the company stated that the board has approved the allotment of 50,000 non-convertible debentures (NCDs) of ₹1 lakh each, totaling ₹500...
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    Jaypee Asset Dispute: Vedanta's Bid Challenged Amidst Lender Concerns

    New Delhi, March 29 – Anil Agarwal, a major mining tycoon, on Sunday claimed that Vedanta had received written confirmation that it had won a bid for a Jaypee Group asset, but the decision was subsequently reversed, without elaborating on the reasons.In a social media post, Agarwal said that...
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    Vedanta's Jaypee Bid Reversed: Anil Agarwal Details Dispute

    New Delhi, March 29 – Anil Agarwal, a major mining figure, stated on Sunday that Vedanta had received written confirmation that it had won a bid for a Jaypee Group asset, but the decision was subsequently reversed, without providing details.In a social media post, Agarwal said that Vedanta was...
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    Q1 Housing Sales Data: Delhi-NCR Sees 17% Quarter-on-Quarter Drop

    New Delhi, March 27 Housing sales in the Delhi-NCR region declined 17 per cent quarter-on-quarter to nearly 16,000 units in the January-March period, amid negative sentiment due to the conflict in West Asia, according to Anarock.However, demand rose 44 per cent on an annual basis due to the...
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    MP Health Services Director Faces Money Laundering Charges

    Bhopal, March 28 – The Directorate of Enforcement (ED), Bhopal Zonal Office, has intensified its crackdown on corruption by filing a chargesheet against Dr. Amarnath Mittal, former Director of Health Services, Government of Madhya Pradesh, and others under the Prevention of Money Laundering Act...
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    Asset Probe in Odisha: Engineer's Wealth Exceeds Income by 334%

    Bhubaneswar, March 27 – The Odisha Vigilance department arrested an Assistant Engineer of the Water Resources Department in the Ganjam district on Friday, on charges of amassing wealth disproportionate to his known sources of income, to the extent of 334 percent.The accused official, Panchu...
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    India's Housing Market Sees Year-on-Year Growth, Quarterly Decline

    New Delhi, March 27 Housing sales rose 9 per cent annually to over 1.01 lakh units in January-March across the top seven cities due to a low base effect, according to Anarock, but fell 7 per cent from the previous quarter amid global economic uncertainties caused by the West Asia conflict...
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    Transfer Charges and Unregistered Projects: RERA Amendments Explained

    Lucknow, March 26 The Uttar Pradesh Real Estate Regulatory Authority has notified the 10th amendment to its General Regulations, 2019, introducing key provisions focused on consumers, including relief for buyers in unregistered projects and a cap on transfer-related charges, officials said on...
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    Odisha Engineer's Assets Seized: Over Rs 1 Crore Recovered

    Bhubaneswar, March 26 The Odisha Vigilance Department has seized properties, including a building, five plots, cash and deposits worth over Rs 1 crore, and two heavy machinery vehicles, from the possession of an engineer in the irrigation department, officials said on Thursday.Acting on a...
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    Real Estate Report: Yamuna Expressway Prices to Moderate After Airport Launch

    New Delhi, March 26 According to Square Yards, the average price of apartments along the Yamuna Expressway in the national capital region has tripled in the last five years, driven by infrastructure projects, including the Noida International Airport.However, the average price increase is...
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    Campus Consolidation: IndiGo Plans Integrated Hub

    New Delhi, March 25 Leading airline IndiGo will develop a comprehensive campus on a land parcel of more than 4.5 acres in Gurugram, Haryana, over the next 3-5 years.The airline is headquartered in Gurugram, and the unified campus will bring together the IndiGo Support Centre (ISC) and learning...
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    Dubai Assets Linked to Mahadev Online Betting Case

    Raipur, March 25 – The Enforcement Directorate (ED), Raipur Zonal Office, has dealt a major blow to the illegal online betting syndicate by provisionally attaching properties worth nearly Rs 1,700 crore in the high-profile Mahadev Online Book betting case.In a Provisional Attachment Order...
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    Real Estate Firm Targets ₹35K Cr Revenue with New Projects

    Bengaluru, March 25 Puravankara Ltd, a real estate firm, announced on Wednesday that it will launch around 30 housing projects, primarily in South and West India, over the next two and a half years, with an estimated revenue of ₹35,636 crore. This move is aimed at capitalizing on the rising...
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    Amendments to Industrial Licensing Policy Focus on EDC and Land Utilization

    Chandigarh, March 24 The Haryana Cabinet on Tuesday approved significant amendments to the Industrial Licensing Policy-2015 to rationalize regulatory provisions, reduce the financial burden on developers, and promote planned industrial development across the state.The amendments have been...
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    Bengaluru's Jakkur School Protected: Government Statement

    Bengaluru, March 23 Karnataka Deputy Chief Minister D K Shivakumar clarified on Tuesday that the state government has no plans to relocate the Jakkur Flying Training School, a heritage aviation institution, out of Bengaluru.Shivakumar, who is also the Minister in-charge of Bengaluru...
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    JAL Acquisition Dispute: NCLAT Awaits Response on Vedanta's Appeal

    New Delhi, March 24 The National Company Law Tribunal (NCLT) on Tuesday declined to stay the Vedanta Group's appeal against the order passed by the NCLT approving Adani Group's bid of Rs 14,535 crore to acquire Jaiprakash Associates Ltd (JAL).The two-member bench of the NCLAT sought a response...
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    Hospitality Growth: Kerten Hospitality Targets Indian Market

    New Delhi, March 24 Kerten Hospitality, headquartered in Ireland, announced its entry into India on Tuesday, aiming to launch with 1,000 keys in the first phase, featuring three brands: The House Hotel, Cloud7 Hotels, and HOSME.India represents a strategic growth market for the group, aligning...
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    Real Estate Deal Leads to CBI Probe of Former Minister's Private Secretary

    New Delhi, March 23 The CBI has booked Sanjeev Hans, the then private secretary to former Union minister Ram Vilas Paswan, on suspicion of taking a Rs 1-crore bribe from a Mumbai-based realtor in 2019 for extending favours from the National Consumer Dispute Redressal Commission (NCDRC)...
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    CREDAI-NAREDCO: Geopolitical Tensions Raise Construction Costs

    New Delhi, March 23 The real estate associations, CREDAI and NAREDCO, said on Monday that developers are starting to feel the impact of the ongoing conflict in West Asia due to the short supply of some building materials, and that construction costs could rise if tensions continue for a longer...
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