Man Infraconstruction Limited (MICL), a listed company, is anticipating a revenue of more than Rs 8,000 crore from the sale of three real estate projects in Mumbai. These projects include what is expected to be one of India's tallest buildings in South Mumbai, along with developments in Ghatkopar and Goregaon. The South Mumbai project in Tardeo is set to be a landmark, with a planned height of over...
In a significant development, the Maharashtra government has approved the purchase of Mumbai's iconic Air India building for a whopping ₹1,601 crore. This move, sanctioned by the state cabinet on November 8, 2023, involves the acquisition of the 22-storey structure from Aira India Assets Holding Limited, responsible for managing Air India's properties. Here are five key aspects shedding light on this...
Prestige Group, a prominent construction company in India, has recently unveiled its esteemed project, The Prestige City, in Hyderabad. The inauguration of this impressive residential development was honored by the presence of Mr. Razack Sattar, the founder of Prestige Group. The company asserts that The Prestige City will emerge as the city's largest township, backed by a substantial investment of Rs...
The recent controversy surrounding a resident welfare association (RWA) in Bengaluru charging a Rs 10,000 "registration fee" for keeping pet dogs in apartments has brought the issue of man-animal conflicts to the forefront. The RWA of Ittina Mahavir, a housing project in Electronic City, North Bengaluru, is collecting this refundable deposit, which residents must pay by November 15. The fee is refundable...
New Delhi, November 07, 2023 - WeWork India's CEO, Karan Virwani, has assured that WeWork India's operations will not be impacted by the recent bankruptcy filing of WeWork Inc., a co-working space provider backed by SoftBank Group and dealing with billions of dollars in debt. Virwani emphasized that WeWork India operates independently from WeWork Inc.'s strategic reorganization process, stating, "It is...
Bengaluru: Non-resident Indians (NRIs) encounter significant challenges when managing their real estate assets in Bengaluru, prompting some to consider divesting. The lure of commercial real estate (CRE), characterized by substantial capital investments and attractive returns, has eclipsed residential investments for NRIs. The shift towards CRE can be attributed to the concept of fractional ownership,...
In the wake of the resounding success of its recent residential plot scheme, the Yamuna Expressway Industrial Development Authority (YEIDA) is gearing up to introduce a similar offering in early 2024, according to officials. The newly proposed scheme is expected to include over 2,000 residential plots of varying sizes, strategically situated in proximity to the upcoming Noida International...
When it comes to buying or renting a property, understanding the various terminologies used in real estate is essential. One such confusion that often arises is the difference between carpet area, built-up area, and super builtup area. These terms refer to the measurement of a property and play a crucial role in determining its value and utility. In this blog post, we will explain the distinctions between...
As per the revised schedule announced by MHADA, the lottery results will now be declared on December 13. The last date to apply for the MHADA lottery 2023 has been extended from October 16 to November 15.
Hiranandani sells 150 apartments in Empress Hills, Powai just within a week of the project launch, generated Rs 1,100 crore in sales.