Let's Make Day Newsworthy
Real estate players have lauded the Union Budget for its strong emphasis on urbanisation, infrastructure development, and women’s empowerment. Sushil Mohta, president of CREDAI West Bengal and chairman of Merlin Group, praised the government’s ambitious goal to increase the real estate sector’s GDP contribution from 8 per cent to 13 per cent by 2025. […]
Realtors’ body Credai on Saturday urged the government to provide more tax benefits to homebuyers, offer incentives to builders to develop low-cost homes and streamline the approval process to undertake real estate projects in the upcoming Budget. Credai, in a statement, said it has given various recommendations to the government for further growth of the […]
Realty firm Signature Global will launch multiple housing projects with a revenue potential of around Rs 13,000 crore by March next year to expand business and encash strong demand. Signature Global Chairman Pradeep Kumar Aggarwal said, “We have launched one housing project worth around Rs 3,000 crore in the first quarter of 2024-25. We […]
Spread over 1 acres, Megaleio will be in the lap of the nature, surrounded by a 1200-acre of greenery and amidst protected waterbodies Himayat Sagar and Osman Sagar. Megaleio enjoys the most unique location in Appa Junction Peerancheru, with just 20 minutes away from the RG International Airport and 15 minutes from Financial District. With […]
Maharashtra’s realty regulator on Thursday said it has suspended the registration of 20,000 real estate brokers, leaving only 13,000 such registered agents in the state. There were a total of 47,000 agents registered with the regulator, which began the registration of the middlemen for property transactions in 2017. Earlier this year, it cancelled the registration […]
Real estate developers and financial institutions are bullish on growth in the Indian real estate sector, as the current sentiment index improved during January-March with high optimism for the next six months, according to Knight Frank-NAREDCO. High economic growth and strong property demand are key factors for the improvement in their sentiments. Real estate consultant […]
Realty firm Signature Global has bought 14.65 acres of land in Gurugram for around Rs 350 crore to develop a housing project as part of its expansion plan. In a statement, the company said it has acquired 14.65 acres of land in Sector 37D near Dwarka Expressway, Gurugram. However, it did not disclose the deal […]
India’s largest realty firm DLF’s sales bookings declined 2 per cent annually to Rs 14,778 crore during the last fiscal year due to a subdued March quarter, which did not see any major project launch despite strong housing demand. Its sales bookings stood at record Rs 15,058 crore in the preceding year. According to an […]
Hero Realty’s chief executive officer (CEO) Dharmesh Shah has resigned from the company and will float his own venture. Shah informed about his decision on social media platform LinkedIn on Monday. He became the CEO of Hero Realty, promoted by Sunil Kant Munjal’s Hero Enterprise, in March 2022. “As a corporate professional for over 25 […]
Private equity firm ASK Property Fund, which had invested Rs 80 crore in 2018 in a housing project built by Naiknavare Developers, has exited from this project at Rs 156 crore, almost doubling its investments. In a statement on Monday, the company said it has made a “successful exit of Rs 156 crore from Avon […]