Keystone Forays into Plotted Developments
BUYS 88 ACRES IN KASARA, NEAR MUMBAI Realty developer Keystone Realtors, which operates under the brand Rustomjee, entered the fast growing market for plotted developments with the acquisition of an 88-acre plot in Kasara near Mumbai. The proposed project will offer about 500 plots of various sizes, totalling about 1.5 million square feet, to buyers […]
Samsung R&D Institute Renews Bengaluru Office Lease for 5 Years
Bengaluru: Samsung Research and Development Institute India- Bangalore (SRI-B) has renewed its lease for 420,000 square feet of office space in Bengaluru with Bagmane Developers for five years. The lease, which started in June this year, includes a lock-in period until April 2027. According to a lease renewal deed shared by analytics firm Propstack, the […]
Tata Realty Plans to Triple its Office Space Portfolio in 7 Yrs
New Delhi: Tata Realty & Infrastructure (TRIL), a subsidiary of Ta- ta Sons, plans to augment its office space portfolio to 30 million sq ft over the next seven years from the current 10 million backed by expansions in Mumbai, Bengaluru, Pune, and NCR, Sanjay Dutt, managing director and chief executive, told ET. Since most […]
Metro will go underground from Bengali intersection itself… MG Road will be saved
Before the commercial run, a major change seems to be taking place in Indore’s metro project. After the opinion of Indore public representatives and metro stakeholders, it seems almost certain that the metro track from Bengali intersection itself will go underground and MG Road will be saved from major vandalism. The official decision in this […]
Institutional Investments in Realty Hit a 3-Year High
SKY SEEMS TO BE THE LIMIT FOR INDIA’S PROPERTY MARKET Industrial, warehousing sectors help inflows in June qtr to rise to $2.5B Institutional investments in India’s real estate sector touched a three-year high of $2.5 billion in the June quarter backed by robust activity in the industrial and warehousing, and residential segments, according to Colliers, […]
Office Leasing Surges to New Record in First Half of 2024
SKY SEEMS TO BE THE LIMIT FOR INDIA’S PROPERTY MARKET Strong economics cues, rise in corp occupancies boost market by 29% The Indian office property market has demonstrated robust performance in the first half of the year, driven by a resurgence in economic activity and a notable increase in corporate occupancies, reflecting the sector’s resilience […]
Prices of Properties Under Construction Surge 50%
PREMIUM, RESIDENTIAL PROPERTIES IN DEMAND Prices of premium residential under-construction properties in places like Delhi, Noida, Gurugram, Bengaluru and Mumbai have increased by up to 53% in the first half of 2024 from a year earlier, according to property consultancy Savills India. Among these cities, Gurugram reported the steepest increase, it said. Under-construction projects in […]
ICICI Prudential AMC Buys Office Tower in Mumbai for 315 cr
PAYS OVER 18.9 CRORE AS STAMP DUTY The 60K-sq ft office, belonging to realtor Kalpataru, will house AMC’s head office ICICI Prudential Asset Management Company has acquired an entire commercial tower in Mumbai’s western suburb Santacruz for over ₹315 crore from realty developer Kalpataru’s subsidiary Ixora Properties. The newly acquired tower, built on one-third of […]
Indore-Ujjain-Pithampur journey currently takes 4 hours, if we bring rapid rail transit system, 3 hours will be saved.
Study on 30 years of traffic, passengers will double after 17 years, will be able to reach Ujjain from Indore in just half an hour. Delhi Metro Corporation’s suggestion to the government Delhi Metro Rail Corporation (DMRC) has suggested to the state government that connecting Indore, Ujjain, Pithampur with Regional Rapid Transit System (RRTS) will […]
The road from Gangwal to Collector’s office will be 45 meters wide… Flyover worth Rs 81 crore will be built
Authority Board approved the proposal, will send it to city and village investment, also gave administrative approval for Mhow Naka flyover. In the board meeting of the authority held on June 19, the proposal to widen the road from Gangwal bus stand to the collector office from 30 meters to 45 meters was agreed to […]
