Real estate developer TVS Emerald, a subsidiary of Emerald Haven Realty Ltd, announced on December 23 the acquisition of a 12-acre land parcel on Radial Road (PTR) in Chennai. The site offers a development potential of 2.5 million sq ft, with an estimated revenue generation of ₹2800 crore. This acquisition marks TVS Emerald’s third land … Read more
The Indian REITs Association (IRA) has announced the appointment of Alok Aggarwal, Managing Director and CEO of Brookfield India Real Estate Trust, as its new Chairman. Founded in 2023, the IRA is a non-profit organization dedicated to fostering the growth and advancement of Real Estate Investment Trusts (REITs) in India. The association’s founding members include … Read more
The Mumbai real estate market, despite being one of the most expensive and land-constrained in India, witnessed several high-value transactions in 2024. Here are the top five noteworthy land deals, collectively valued at over ₹2,500 crore. 1. Century Textiles Acquires 10 Acres in Worli for ₹1,100 CroreCentury Textiles and Industries Limited (CTIL) secured ownership of … Read more
Mumbai: Residents of Dharavi who own upper-floor tenements purchased before November 15, 2022, will soon be eligible for 300-square-foot apartments in other parts of Mumbai on a hire-purchase basis. According to a government resolution (GR) issued by the housing department, these residents will pay a nominal monthly rent for 25 years, after which ownership of … Read more
India’s top six cities are projected to achieve office space leasing of 66.4 million sq ft in 2024, marking a significant 14% year-on-year growth in leasing activity. Bengaluru is set to dominate the market with a record-breaking absorption of 21.7 million sq ft, reflecting a robust 40% annual increase, as per a report by real … Read more
Oberoi Realty has secured 81.05 acres of land in Alibaug, located in Maharashtra’s Raigad district, for a premium real estate project. The development plan includes luxury villas and a five-star hotel, following a signed agreement with the landowners. Approximately 8.6 acres of the land will be allocated for the hotel, featuring a floor space index … Read more