News

Brookfield India REIT Q1 operating income up 4% to `170cr, to distribute `182cr to unit-holders

Brookfield India Real Estate Trust on Tuesday reported a 3.8 per cent increase in net operating income to ₹169.6 crore for the quarter ended June and announced the distribution of ₹181.7 crore to unit-holders.

Second wave caused 95% customers to postpone home-buying decisions: Credai

The second wave of covid-19 and the various lockdown restrictions have led to project delays, deferred home-buying decisions, reduced customer enquiries and deepened financial constraints.

GMB to set up India's first international maritime services cluster at GIFT City in Ahmedabad.

Gujarat Maritime Board(GMB) will be setting up India's first international maritime services cluster at GIFT City in Ahmedabad.

DUBAI SCHOLARS SET TO GROW New Building Construction at Dubai Scholars to add additional seat capacity and support development of new program initiatives

In a world-wide economic contraction, Dubai Scholars (DS) is reversing the trend when it opens its new addition in September 2021.

Groupe Atlantic, France to invest $68.3 crore in SHIL’s Neier subsidiary for 50% stake in its water heater business

Hintastica Private Limited (“HPL”), the Joint Venture company to target higher market share of the water heater segment by setting up a state of the art manufacturing plant

Greenply Industries bullish on offering innovative products to its discerning consumers

India's largest interior eco-friendly infrastructure company with over 30 years of experience in manufacturing a comprehensive range of plywood,

Will the Government efforts bring back the Residential Realty Sector on track in FY21

The impact of the novel Coronavirus on Indian real estate has been unprecedented. In the first three months of its outbreak, it brought construction activities to a halt and significantly eroded the market of its potential buyer-base

Aparna Constructions to launch 8 new residential properties in 2021; unveils its 58th residential project- 'Aparna Sarovar Zicon'

Aparna Constructions & Estates, one of the leading real estate developers in the country, announced that they will be launching eight new residential projects this year including the brand's 58th residential project, Aparna Sarovar Zicon

Housing sales up 51% in October-December across 7 big cities

Sales of residential properties are estimated to grow 51 percent across seven major cities during October-December compared with the previous quarter

India slips to 54th rank in the global home price index.

India moved down seven spots in the global home price index to 54th rank in Q3 2020 against 47th rank in Q3 2019, with a decline of 2.4 percent, year-on-year (YoY)

Govt to soon come out with Model Tenancy Law

To boost the real estate sector especially rental homes, the government will soon come out with the Model Tenancy Law, said housing and urban affairs secretary Durga Shanker Mishra has said.

Trane Introduces New Suite of Solutions in India to Reduce Virus and Bacterial Spread in Buildings and Help Businesses Reopen

Trane®, a brand of global climate innovator Trane Technologies, and a leader in HVAC (heating, ventilation, and air-conditioning), announces it has launched a new suite of air cleaning solutions in India.

Adarsh Group Launches “Adarsh Greens”, its First Premium Affordable Housing Project in North Bangalore

Adarsh Developers, a leading 30-year old real estate company in Bangalore, announced the launch of “Adarsh Greens”, a new residential development near

APARNA ENTERPRISES WINS MANDATE TO SUPPLY TILES FOR AIRPORTS AUTHORITY OF INDIA RESIDENTIAL PROJECT

One of the leading players in the building materials segment, Aparna Enterprises Limited has been awarded a prestigious contract to provide Double Charged Tiles for Airports Authority of India residential quarters being

ASSOCHAM and MoHUA announce India's first Realty and Sustainability Confluence and Awards to celebrate the contributions of Real Estate and Green Building Sector

In first of its kind initiative with Ministry of Housing and Urban Affairs, Government of India, ASSOCHAM, India's apex industry body has announced India's first R

Real estate sees early signs of recovery

Home prices are set to rise across cities, as buyers return after the pandemic-led disruption. This was voiced at a webinar hosted by a leading media house.

DLF & Hines JV secures Rs. 2,600 Cr Construction Loan for its new project from HDFC Ltd.

The second joint venture between Hines, the international real estate firm and DLF, the largest publicly listed real estate company in India,

Alteza from Aparna-Craft to expand its dealer network to 30 cities by 2025

In their endeavour to further augment their presence in the aluminium interior and exterior solutions Alteza, the premium aluminium window and door systems brand from Aparna-Craft (joint venture between Aparna Enterprises Limited, India and Craft

Mapsko Group wins the 'Residential Project of the Year' award for Mapsko Mountville at Realty Plus Conclave.

In addition to its reputation, Mapsko Group, a real estate giant of Delhi-NCR, won the prestigious 'Residential Project of the Year' award for the Mapsko Mountville project at the 12th edition

'The Real Estate fraternity is expecting few big sweeps at the 'Union Budget 2020': Ashish Puravankara, Managing Director, Puravankara Limited

Real Estate will have a huge part to play in India INC's journey to a 5 trillion economy, and boosting the sector will help in employee generation and have other beneficial cascading effects

78,000 'ready to move in' homes unsold across top cities: Report

A report by Anarock Property Consultants says, around 78,000 ready-to-move-in housing units, valued at ?65,950 crore, remain unsold in the country.

Luxury home sales down; builders only sell 45% of 13k units.

Real estate developers have been able to sell only 45 percent of luxury homes (priced above ?3 crore) launched during the last three years

Home sales plummet 67% in April-June across Mumbai, Bengaluru, other major cities.

The COVID-19 pandemic on the rampage and the subsequent nationwide lockdown have led to a fall in housing sales that plunged 67 per cent across the top nine cities during April-June (2020), according to a report by data analytics firm Prop Equity.

GIFT SEZ provides approval to 28 entities.

Around 28 entities bagged approval for setting up units in the Gujarat International Finance Tec-City (GIFT City)'s SEZ virtually, as part of a new approval process was created for unit approval in the special economic zone (SEZ) in time of Covid-19.

Govt allows housing project deadlines to be extended by 6 months.

In a major relief to the real estate sector, the central government has said it will advise state governments and Union Territories to extend the timelines of RERA projects by six months.

Azizi Developments inks partnership with 3i Infotech for IT Transformation

Azizi Developments, a leading real estate developer in the UAE, has partnered with 3i Infotech, an internationally acclaimed, global IT company

Infra major A&M Group enters India in joint venture with Oberoi Group.

Leading European infra player A&M Development Group has inked a joint venture with the Delhi-based engineering and construction player Oberoi Group to enter the country. The joint venture Oberoi-A&M Infra-Consortium will also handle the Saarc operations of the European

Property prices may fall post lock down.

Property prices may fall in the coming days, as the real estate sector goes through another major blow with the coronavirus crisis and the lock down.

Construction contracts plunge 43 percent in FY20

Infrastructure sector activity witnessed a decline of 43 per cent in FY20, following financial troubles at the national road builder NHAI and the massive contraction in March due to the lockdown, according to a report. The problem was more pronounced in the final quarter of the year,

The Real Estate fraternity is expecting few big sweeps at the 'Union Budget 2020': Ashish Puravankara, Managing Director, Puravankara Limited

Real Estate will have a huge part to play in India INC's journey to a 5 trillion economy, and boosting the sector will help in employee

First-of-its-kind Grade-A office suites launched at the Iconic Shanti Theatre Complex, Mount Road

Leading real estate developer, Akshaya Pvt Ltd, regarded highly for its quality, innovation, transparency & ethical business practices,

SBI launches 'SBI Realty' portal for Real Estate.

India's largest commercial bank State Bank of India (SBI) has launched a dedicated portal 'SBI Realty' that will help home buyers to choose flats from its 3,000 approved projects across the country.