2023-08-15
Kolkata's real estate landscape is set to transform with Merlin Group's pioneering project, Serenia. Merlin Group, known for its dominance in Eastern India, unveils Serenia, the highest residential condominium in North Kolkata, near B.T. Road. The initiative intends to reinvent urban living through blending. Serenia, a green building with RERA approval, is located near the Indian Statistical Institute, offers easy access to key destinations, and elevates North Kolkata's skyline.
2023-08-14
The Yamuna Expressway Industrial Development Authority's (YEIDA) recently launched residential plots scheme has received a positive response from home buyers, with as many as 18,000 people registering for the same official privy to the development said. About 1,184 residential plots are up for sale in three YEIDA sectors – 16,17, and 20. The scheme opened applications on the 8th of August and will close on September 1st.
2023-08-14
Sindhu Trade Links Ltd is developing a mixed-use township in Bilaspur, Chhattisgarh, which is widely known as "The City of Festivals," is one of 100 Indian communities selected for smart city development under the Smart Cities Mission. The proposed township spans around 53 acres, of which the firm already owns approximately 47 acres and has contracted with other partners for an additional 16 acres. The project includes Residential Plotted Development, Residential Group Housing, a Retail Shopping Mall, and other social infrastructure required for world-class development in this region.
2023-08-14
Galaxy Group, situated in the NCR, has leased a property tract in Lodhi Colony, South Delhi, from the Rail Property Development Authority (RLDA) for Rs 3.56 billion. The developer plans to invest an extra Rs 10 billion in project development, including residences for railway employees. The total land area, 43,345.82 sq mt, is divided into three sections: Part A & Part B (Sewa Nagar), and Lodhi Colony. A total of 16,058.40 sq meters will be leased for residential construction for a 99-years.
2023-08-14
Residents Welfare Associations (RWAs) and apartment owners' associations (AOAs) in Delhi-NCR have cited a shortage of funds and equipment and asked for additional time to get the improvements done as the deadline to retrofit diesel generators (DGs) with Emission Control Devices (ECDs) approaches. In addition to adopting a dual-fuel system (70 percent natural gas, 30 percent diesel), the Commission for Air Quality Management has set a deadline of September 30 for getting DG sets fitted with Emission Control Devices.
2023-08-14
MRG Group, a real estate developer in the National Capital Region, has revealed its bold intention to launch an innovative affordable housing venture in Gurugram, Haryana's Sector-90. This upcoming project is designed to change the face of affordable housing by incorporating sustainable building principles and an extensive list of amenities. The residential flats will be affordable with a perfect mix of comfort, aesthetics, and functionality, boosting the living experience for Gurugram residents.
2023-08-14
Global Health Limited, a prominent private multi-specialty tertiary care provider, and DLF Group (DLF), a major real estate firm, have reached an agreement to form a company to develop a 400-bed multi-super specialty hospital to deliver high-quality healthcare in the heart of Delhi. The new firm will be owned equally by Medanta and DLF. While Medanta will administer the hospital and have operational responsibility, DLF will serve as a strategic investor.
2023-08-12
According to a Knight Frank India report, Hyderabad registered 5,557 residential properties in July 2023, up 26% from the same month last year. The total value of the properties registered during the month was Rs 2,878 crore. The value of the properties registered increased by 35% over the previous year. The Greater Hyderabad residential market includes four districts: Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy.
2023-08-12
Prestige Group, a real estate developer, has teamed up with PropVR, Square Yards' 3D visualization division, to launch and 3D-model the next luxury properties inside the metaverse's virtual environment. A couple of projects which are set to launch within the next one to three months, especially in the luxury segment will be launched and modelled within the virtual reality ecosystem.
2023-08-12
CapitaLand Investment (CLI) has created a business park development fund, CapitaLand India Growth Fund 2 (CIGF2) with a target fund size of Singapore $525 million to invest in Grade A business parks across India. Simon Treacy, CEO of (Private Equity Real Estate), CLI, said, “In addition to business parks, we see the potential to use our private funds to invest in new economic assets in India, including data centers, logistics, and industrial sites”.
