23 Apr 2024

Deepak Builders and Engineers, a leading construction company in India, has filed paperwork with market regulator SEBI to raise funds through an initial public offering. The company aims to issue 1.44 crore shares to strengthen its balance sheet and meet working capital needs. Funds raised will repay debt, support operations and explore opportunities. Deepak Builders specializes in various project types like buildings, hospitals and facilities. It has a proven track record of executing turnkey projects. Through the IPO, the company wants to enhance capabilities to sustain growth in the competitive engineering sector.Read more

22 Apr 2024

The Pradhan Mantri Awas Yojana (PMAY) is reshaping homeownership in India, particularly in smart cities like Suraksha Smart City in Mumbai. These cities, driven by technology and sustainability, offer attractive affordable housing options. Suraksha Smart City near Vasai Railway Station exemplifies this, offering well-designed apartments starting from INR 19,99,999, leveraging PMAY subsidies. With lifestyle amenities and connectivity, it sets a benchmark. Other cities like Bhubaneswar and Ahmedabad also embrace PMAY, promoting affordability, sustainability, and connectivity. These projects not only empower residents but also contribute to inclusive urban growth nationwide.Read more

22 Apr 2024

Begur, once a serene village, has transformed into a thriving residential and commercial hub in Bengaluru. March witnessed a flurry of real estate activity in Begur, with Splendid Lake Dews leading the charge, followed by Windsor Troika, SNN Raj Serenity, and Splendid Lake Breez. The diverse offerings catered to varying budgets and preferences, from luxurious units to budget-friendly options, and from spacious homes to compact living spaces. With its strategic location, modern amenities, and excellent connectivity, Begur emerged as a real estate hotspot, offering a harmonious blend of affordability, luxury, and convenience.Read more

19 Apr 2024

Bengaluru-based real estate major Brigade Group has announced plans to invest INR 400 crores to develop an office complex called Brigade Tech Boulevard in Chennai. Spread across two towers on Pallavaram-Thoraipakkam Radial Road, the project will have a leasable area of 8.36 lakh square feet. This is Brigade Group's next commercial launch in Chennai after the successful completion of World Trade Center on Old Mahabalipuram Road. Brigade Tech Boulevard will feature world-class specifications and sustainability features to cater to the growing demand from IT/ITeS, engineering, automotive and banking sectors in Chennai's diverse office market.Read more

18 Apr 2024

K Raheja Corp has acquired Sobo Central Mall located in Mumbai's Haji Ali area from Future Group promoter Kishore Biyani's Bansi Mall Management Company for INR 476 crore. Originally known as Crossroads Mall, Sobo Central Mall was one of the first malls in India opening in the late 1990s but lost prominence over the years. The mall was facing financial stress owing over INR 700 crore to lenders. Creditors had initiated insolvency proceedings and put the mall on sale to recover dues. After the sale, Kishore Biyani settled the debts of INR 571 crore owed by BMMCL through a one-time payment of INR 476 crore.Read more

17 Apr 2024

Indian cricketer Prithvi Shaw has purchased a luxurious 4-bedroom house located on the eighth floor of the high-end residential tower 81 Aureate in Mumbai's Bandra neighbourhood. Spread over 2,209 square feet, the INR 16.5 crore property also includes an additional 1,654 square foot terrace and boasts amenities like a terrace pool, floor-to-ceiling windows, and stylish interiors. The purchase is indicative of the real estate frenzy in Mumbai that has captured celebrities alike, with several other cricketers also investing in high-end residential and weekend properties in and around the city in recent times.Read more

16 Apr 2024

Noida's Sector 120 stands as a bustling nexus of residential and commercial vitality, centrally positioned within the city's core. Distinguished by modern infrastructure and meticulous planning, it offers towering residential towers, vibrant shopping centers, and corporate headquarters. Enhanced by seamless connectivity via the Noida-Greater Noida Expressway, it beckons both residents and businesses. In March, Amrapali Zodiac shines as the top-selling residential complex, followed by RG Residency and Prateek Laurel. Offering a spectrum of options, from lavish abodes to budget-friendly havens, Sector 120 caters to diverse preferences. With prices ranging from INR 33 Lakhs to INR 1.08 crores, it epitomizes inclusivity, accommodating various budgets and lifestyles.Read more

15 Apr 2024

The Adani Group's acquisition of a prime 25-acre plot in Pune's Pimpri industrial zone for INR 471 crore signals a significant entry into India's data centre market. Leveraging Pune's strong industrial base and skilled workforce, this move positions Pune as a potential data centre hub, attracting investment and creating over 1,000 high-skilled jobs. Adani's subsidiary, Terravista Developers, will lead the project, aligning with AdaniConneX's goal to develop a network of data centres across India. With India's booming data demand and over USD 13.5 billion already committed to data centre development, Adani's investment promises to propel the country's digital economy forward, albeit with careful attention to environmental sustainability.Read more

12 Apr 2024

Blackstone, with a massive USD 586 billion real estate portfolio, has announced a USD 10 billion all-cash acquisition of Apartment Income REIT (AIR Communities) in the US, echoing large tech deals like Microsoft's purchase of Activision Blizzard. This move signals confidence in the rental market's recovery amidst commercial real estate challenges. While the deal promises upgrades for tenants, concerns arise over potential rent hikes. Blackstone's past acquisitions, including Tricon Residential in Canada, suggest expertise in managing rental properties. However, the impact of this deal on competition and rental prices remains uncertain, varying by location. Overall, it reflects a significant shift in investor sentiment towards the US rental market.Read more

11 Apr 2024

Jennifer Lopez and Ben Affleck have acquired a lavish mansion in Los Angeles for USD 61 million from Isha Ambani and Anand Piramal. The estate, situated in Beverly Hills on a sprawling 5-acre property, features 12 bedrooms, 24 bathrooms, a 12-car garage, an infinity pool, a gym with a boxing ring, and more. Isha Ambani spent time there during her pregnancy, and the property hosted Bollywood events. Meanwhile, Isha and Anand reside in the opulent "Guita" mansion in Mumbai, gifted by Anand's parents. Isha's real estate ventures extend beyond luxury, encompassing sustainability and innovative approaches to development, reflecting her diverse interests.Read more