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Busy builders. Real estate players ramp up launch pipeline to meet sales targets

Publish on : 2023-06-19 13:06:46

Between January 2022 and May 2023, there were over 100 land transactions covering an area with a development potential of 209 million sq ft, according to data from JLL India Real estate developers are ramping up launches again and the focus is now on land acquisitions as large players have set ambi...

More than half of India’s top 50 real estate tycoons see their wealth decline

Publish on : 2023-06-19 12:59:01

Fifty-two Indians hold ranks between one and 49 in the 2023 Hurun Real Estate Rich List. Among them, twenty-eight noted a decline in their wealth More than half of India’s top 50 wealthiest Indian real estate entrepreneurs saw their wealth erode over the last year. This is according to the Grohe-...

Real estate developer TARC eyes ₹1,500 crore sales value in FY24

Publish on : 2023-06-19 12:41:47

In the next two years, we would look at residential offerings primarily,” said the CEO of TARC Ltd, Amar Sarin. Premium real estate developer, TARC is eyeing a ₹1,500 crore sales value in FY24 - a near 200 per cent increase over last fiscal - as it looks to get its residential projects off the...

Supertech to raise Rs 1,600 cr by July to complete 18 projects: Chairman

Publish on : 2023-06-19 12:14:15

Realty firm Supertech Ltd plans to raise around Rs 1,600 crore from institutional investors by July to complete its 18 ongoing housing projects across Delhi-NCR, its Chairman RK Arora said Realty firm Supertech Ltd plans to raise around Rs 1,600 crore from institutional investors by July to compl...

Kalpataru acquires redevelopment project in Mumbai's Borivali, to invest Rs 700 crore

Publish on : 2023-06-19 12:10:09

The project involving redevelopment of the Yoganand Co-Operative Housing Society, which currently accommodates nearly 400 residents, is expected to be completed in 3-4 years. Realty developer Kalpataru has acquired the rights to redevelop a housing society spread over nearly 6 acres in Mumbai’s B...

About 405 of 423 real estate agents clear exam by MahaRERA

Publish on : 2023-06-05 12:43:57

The oldest candidate is 74 years old. MahaRera is the first regulatory authority in India to make an examination mandatory for agents in the interest of consumers as agents are a vital link between customer and developer. MUMBAI: The results of the first examination conducted by MahaRera for real...

Maharashtra: Now get society land ownership within one month

Publish on : 2023-06-05 12:41:11

As per the earlier resolution, any decision on application for deemed conveyance was supposed to be made within six months of the date of application. MUMBAI: A housing society that will pass a resolution of self-redevelopment with majority and shall apply for deemed conveyance or ownership of...

TDR allowed for buildings on internal layout roads in Mumbai

Publish on : 2023-06-05 12:36:12

The TDR will also be allowed even in case of plots where the minimum width of the private layout road reduces at some length. Real estate industry observers said this will enable the redevelopment of several old buildings. MUMBAI: Municipal Commissioner Iqbal Chahal has approved a proposal to all...

Mhada drops one Mumbai flat from lottery; issues pre-monsoon list of dangerous building

Publish on : 2023-06-05 12:34:09

The 70 sq m MIG flat valued at Rs 2.5 crore is located in Savitri Niwas/ Laxmi Niwas building and has become embroiled in litigation. The lottery for a revised number of 4,082 flats and tenements will be drawn July 18. MUMBAI: State housing board Mhada has issued a corrigendum to its upcoming lot...

Bajaj Electricals takes on lease over 61,000 sq ft space in Mumbai

Publish on : 2023-06-05 12:31:21

The company will be paying total rent of nearly ₹70 crore for these five years including a 4.5% rent escalation after every 12 months. The agreement provides the Bajaj Group company an option to extend the term of the lease up to 15 years at market rates then. Consumer appliances major Bajaj Elec...