LTCG Tax Parity may Bring More Family Offices to Startupsland
Likely to increase capital allocation to startups on abolition of angel tax, tax parity as well as valuation reset New Delhi: Family offices of millionaires are likely to increase capital allocation to new age companies following the parity being brought in via long term capital gains (LTCG) tax which would be reduced to 12.5% on […]
L&T Realty, Valor Sign Pact for ₹20k-er Mumbai Project
Mumbai: L&T Realty, the property development arm of Larsen & Toubro, has entered into a binding agreement with Valor Estate, earlier known as DB Realty, to jointly develop a more than 20,000-crore project on a 10-acre land parcel in Mumbai’s Bandra-Kurla Complex (BKC), said people aware of the development. Both companies are planning to build […]
Coworking Firm Redbrick Buys Office in Mumbai for Rs. 267 crore
Coworking and managed space provider Redbrick Offices has acquired commercial properties spread over nearly 90,000 sq ft in Marol locality of Mumbai’s western suburb Andheri for over Rs. 267 crore. The company has bought this office space spread over three floors in a commercial complex, Times Square, through its subsidiary Red Fox IT Infra LLP […]
Institutional Investors’ Appetite for Indian Realty Grows
Investor optimism due to robust performance of warehousing, residential & office space segments; sector gets $3-b inflows in H1 of 2024; Mumbai leads with $1.7-b PE investments The Indian real estate market is experiencing a buoyant phase, characterized by a surge in institutional investment despite global economic uncertainties. The optimistic outlook is largely due to […]
Nielsen Media Picks Up 1.52-L sq ft Office Space on Lease in Mumbai
Nielsen Media, a global major in audience me asurement and analytics, has picked up an office space spread over four floors in a commercial complex in Mumba i’s western suburb Goregaon through a long-term lease of over 10 years. The total rental outgo for the company for the over 152,000 sq ft office space in […]
Reliance Retail is Gearing up to Do a Decathlon
ATHLEISURE IN FOCUS Rel Retail may lease up to 10K sq ft in malls to launch sports format New Delhi: Reliance Retail is planning to launch a sports for- mat, which will compete directly with French retailer Decathlon to cash in on the surge in athleisure products post pandemic, three people aware of the development […]
Hathipala Bridge started; Direct connectivity from Jawahar Marg, Siyaganj, Ranipura to Loha Mandi, Juni Indore and Gaadi Adda, 3 km and 1 hour will be saved
Traffic will get great relief • The new bridge will be called Bajrang Setu, the 70 year old bridge was only 20 feet wide, now the width is 60 feet Hathipala Bridge, built at a cost of Rs 5 crore, was started on Monday. The new bridge will be called Bajrang Setu. The width of […]
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 […]
