The REIT, sponsored by the K Raheja Corp group, recorded leasing of 4.5 million sq ft in FY22.
By virtue of being a nominee in the records of a Society, the complete title to the shares and property of the deceased member does not automatically vest in or transfer in favour of such a nominee. The nominee is supposed to merely hold such shares and property for the benefit of the actual legal heirs of the deceased member.
Each of the three partners will have around 33% equity interest in the property ownership, whilst Lodha will lead the development, operations and management of the assets, the company said.
Sources said that both the transactions are part of Nitco promoters' debt settlement process
The company plans to develop around 500 high-end apartments spread across 9 towers with sizes ranging from about 3700 sq ft upto 12000 sq ft, the company said
The fit-outs will begin next month and the facility will be operational by the end of the year.
The airport’s passenger terminal has been designed by Nordic, Grimshaw, Haptic, and STUP, merging Indian warmth and hospitality with Swiss efficiency.
Supply is expected to remain tight in 2022 as few luxury residential properties have been launched in the last few years,
A real estate developer shall continue to be bound by the contractual possession date as agreed with the homebuyer at the time of sale, says Maharashtra Real Estate Appellate Tribunal
CRISIL believes that strong demand, lower inventory levels and strengthened capital structures auger well for the industry. However, any aggressive debt-funded growth in the industry will have to be monitored closely over the medium term.
The demand will also be driven by strong hiring across sectors like information technology, banking and insurance, telecom, pharma, retail, education, e-commerce, consulting and analytics, manufacturing, research and real estate, it said.
Last year, Mittal had bought a 1,200-square yard property at Delhi's Shanti Niketan for around Rs 85 crore.
The Central Advisory Council has also decided to constitute a committee to examine all the issues related to legacy stalled projects and suggest ways to complete them in a time bound manner
Issues public notice against Century's real estate project; Birla Estate responds by saying that the approximately 10 acres of land claimed by Wadia are not part of the said 30-plus acres of land the project is coming up on and has no connection with the proposed development of 30-plus acres.
The plush residential building is spread over a land parcel covering over half an acre.
The company has invested close to about Rs 150 crore in the land and the construction will cost around Rs 100 crore
British architect Edwin Lutyens may have been riding an elephant as he surveyed what is today’s Central Delhi, but modern-day urban planners need to be well versed in satellite imagery, use drone technology for more precise city planning and be aware of climate change issues.
Proper execution of laws and availability of long-term capital are key to the growth of the real estate sector
For home buyers, this hike signals an imminent end to the all-time low interest regime, which has been one of the major drivers behind home sales across the country since the pandemic began
In the next 24 months, the leasing will gross an operating income of approximately Rs 27 crore, the company said in a statement
The funding will be utilised for land acquisition and development of affordable housing projects in Haryana
NCR unsold inventory declined from approximately 1.73 lakh units by Q1 2020-end to approximately 1.53 lakh units by Q1 2022-end
Property registration papers are essential documents that establish your ownership. Here’s what you should do if you lose them.
They are not only selling dream houses but boosting trust in the category. Meet the realtor-creators.
The company is also looking to partner with dedicated funds to create a platform which will commit funds to the infrastructure projects.