2022-09-01
The City and Industrial Development Corporation (CIDCO) has presented a scheme for the sale of 4,158 apartments in Navi Mumbai on the occasion of Ganesh Chaturthi. Under the mass housing scheme, 4,158 apartments located in Dronagiri, Kalamboli, Taloja and Kharghar nodes of Navi Mumbai have made available for sale at affordable rates.
2022-09-01
Realty developer Trehan Iris has leased over one lakh sq ft in its Iris Broadway mall in, Sector 85 & 86, Gurugram during April-June quarter. With this, the company has leased over 3 lakh sq ft so far. The leasing includes 2.5 lakh sq ft in retail and approximately 56,000 sq ft in its 4-star hotel.
2022-09-01
Managed office space provider Tablespace Technologies has leased 1.2 million sq feet in the last six months, taking its total footprint to over 5 million sq feet as demand from corporates rises amidst the adoptation of work from home and hybrid work model. In one of the largest flexible office lease transactions in the country, Table Space Technologies rented 3.5 lakh sq ft office space in Outer Ring Road (ORR), Bengaluru, to Schneider Electric IT Business India, part of a French multinational company.
2022-08-31
In a major relief to the land owners whose private plots got wrongfully included under public zones in the interim development order (IDO), the local self-government department has issued an order allowing provisions to grant building permits in such plots. The LSGD order states that applicants can be given building permits on plots for constructions up to 300 sq m.
2022-08-31
Property registrations in Mumbai municipal area this month rose 20 per cent to more than 8,100 units -- highest in 10 years for August -- but fell 28 per cent. Mumbai city (BMC area) saw property sale registrations of 8,149 units in August 2022, contributing over Rs 620 crore to the state revenues, Knight Frank India said in a statement.
2022-08-31
Indiabulls Housing Finance will raise up to Rs 1,000 crore by floating bonds in a public issue scheduled to open on September 5. The fund raise plan is within the shelf limit of Rs 1,400 crore. The tenor of the bonds is of 24 months, 36 months and 60 months, and will offer interest in the range of 8.33-9.54 per cent.
2022-08-31
Housing prices rose in 42 cities in the first quarter of 2022-23, while the rates of residential units fell in five cities and remained stable in three cities, according to the price index Residex released by NHB. All the eight major metros recorded an increase in the index on an annual basis - Ahmedabad (13.5 per cent), Bengaluru (3.4 per cent), Chennai (12.5 per cent), Delhi (7.5 per cent), Hyderabad (11.5 per cent), Kolkata (6.1 per cent), Mumbai (2.9 per cent) and Pune (3.6 per cent), National Housing Bank (NHB) Residex said.
2022-08-31
BEIJING: Industrial and Commercial Bank of China Ltd (ICBC) , the world's largest commercial lender by assets, said soured lending to the real estate sector in the first half of this year rose 15%. The lender reported 38.8 billion yuan of non-performing loans (NPL) at the end of June, compared with 33.8 billion yuan at the end of last year. This means that the NPL ratio for the real estate sector stood at 5.47%, compared to an average for the bank of 1.41%.
2022-08-31
The Cuttack Development Authorities (CDA) carried out an eviction drive in the Bidanasi area. Four excavators were engaged to demolish 26 illegal structures in the area. Soon after the drive began, a clash between the locals and police broke out.
2022-08-31
The Kolkata Metro Rail Corporation (KMRC) will start handing over new houses - that will come up on Durga Pithuri Lane at Bowbazar - by December 2024. Twenty-three houses will be built in an open space at Durga Pithuri Lane once the Metro construction is over.
