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Money laundering: ED attaches fresh 59-cr worth assets of IREO, others

Published on May 22, 2024 11:18 AM IST

ED has been probing the company and its promoters for some years now on the charge of duping home buyers by promising them to deliver flats

The Enforcement Directorate (ED) on Tuesday said it has attached fresh assets worth about <span class='webrupee'>₹</span>59 crore of real estate company IREO and some others as part of a money laundering investigation. | X account)
PTI |

G Noida authority issues notice to owners of illegal buildings

Greater Noida authority has given a month’s time to the owners to demolish the illegal structures on Hindon floodplains

Owners have been told to demolish the unauthorised structures on the Hindon floodplains, in Greater Noida. (HT Archive)
Updated on May 22, 2024 06:08 AM IST
By, Greater Noida

CapitaLand Investment appoints Sumit Gera as CEO, India Business Park

Sumit Gera succeeds Gauri Shankar Nagabhushanam who has been appointed CEO (Designate), CapitaLand India Trust

CapitaLand Investment Limited (CLI) has appointed Sumit Gera as Chief Executive Officer (CEO), India Business Park, the company said on May 21.
Published on May 21, 2024 02:43 PM IST

Shriram Properties Limited signs JDA for a 4-acre land parcel in Bengaluru

The Bengaluru project is expected to have 3.8 lakh sq ft of saleable area with aggregate revenue potential of ₹250 crore

Bengaluru-based real estate developer Shriram Properties Limited has signed a JDA for development of a 4-acre housing project in Yelahanka, Bengaluru (Representational photo)
Published on May 21, 2024 02:07 PM IST

Noida secured investment of 1 lakh cr after allotting 149 plots in 2023-24

The Noida authority in fiscal 2023-24 fixed a target of achieving ₹90,000 crore investments against which it got ₹103,000 crore worth of investments

In last one year, 448 investors have signed memorandums of understanding with the state government, which refers these proposals to the respective industrial bodies. (Sunil Ghosh/HTPhoto)
Updated on May 21, 2024 08:20 AM IST
By, Noida

China’s housing rescue too small to end crisis, analysts say

China’s latest housing initiative is aimed at vacant properties. But analysts say the package of measures is still too small to end the rout

China’s latest housing initiative is aimed at vacant properties but analysts say the package of measures is still too small to end the rout.(Bloomberg)
Published on May 20, 2024 11:51 AM IST
Bloomberg |

Billboards: Cluttering urban eyeline, posing life threat

The tragedy in Mumbai starkly exposed the perilous and unregulated nature of these towering structures

The spot in Ghatkopar, Mumbai, where a large hoarding came crashing down, killing 16 people. (Anshuman Poyrekar/HT)
Updated on May 20, 2024 01:23 AM IST

Yeida inspects Jaypee Sports City after Allahabad high court order

In 2020, Yeida had cancelled the allotment of Jaypee Sports City that is located along the Yamuna Expressway

The move followed the Allahabad high court’s directions to Yeida to check the current status and submit a report about it so that the court could decide the case pending before it, said officials. (HT Archive)
Updated on May 20, 2024 05:54 AM IST

Smartworks expands Pune portfolio; leases 6 lakh sq ft office space

Smartworks has leased the Pune office space for a total of 15 years in an upcoming commercial tower close to Balewadi High Street, the company said

Smartworks, has announced the expansion of its Pune portfolio and has added over 6 lakh sq. ft of prime office space
Published on May 19, 2024 01:08 PM IST

Certus Capital to invest 125 cr for upcoming housing project in Chennai

Certus Capital, an institutional real estate investment firm, will be investing ₹125 crore in an upcoming residential project in Chennai

Certus Capital, an institutional real estate investment firm, will be investing <span class='webrupee'>₹</span>125 crore in an upcoming residential project in Chennai
Published on May 17, 2024 06:39 PM IST

Promoters of a diamond firm buy a luxury apartment in Mumbai for 97.4 crore

The luxury apartment is spread across an area of 14,911 sq ft plus an additional area of 884 sq ft and has been bought for ₹97.4 crore

Promoters of Kiran Gems have bought an around 16,000 sq ft sea-facing apartment in the luxury project Oberoi 360 West in Mumbai for <span class='webrupee'>₹</span>97.4 crore, documents accessed by Zapkey showed.
Published on May 17, 2024 06:02 PM IST

Strata to apply for SM REITs license to broaden fractional ownership platform

Strata will initiate the migration of its eligible assets to SM REITs, as it aims to achieve a total assets under management of ₹2000 crore by the end of FY25

Strata, India’s commercial real estate (CRE) investment platform, plans to apply for the SM REITs license by the end of this month under the latest regulations issued by Securities and Exchanges Board of India (SEBI).
Published on May 17, 2024 04:53 PM IST

High Court allows Bengaluru's Mantri mall to operate, directs to pay 20 cr

The mall authorities also claimed that this is the fifth time the BBMP has stopped business operations in a busy mall located in Malleshwaram

High Court allows Bengaluru's Mantri mall to operate, directs to pay <span class='webrupee'>₹</span>20 cr(YoMetro)
Published on May 17, 2024 08:47 AM IST

Mumbai real estate: MahaRERA frames specs for old-age homes

Comprehensive guidelines to include various aspects related to building design, kitchens, bathrooms, green building principles, lifts, safety and security

The state housing regulator MahaRERA has framed minimum physical specifications for retirement homes and senior citizen housing projects, also known as old-age homes. (HT PHOTO)
Updated on May 17, 2024 07:54 AM IST

Awfis Space Solutions' IPO price band fixed, issue to open on May 22

The company's maiden public issue will open on May 22 and conclude on May 27 and the bidding for anchor investors will open for a day on May 21

Flexible workspace solutions company Awfis Space Solutions Ltd on May 16 fixed a price band of <span class='webrupee'>₹</span>364-383 per share for its <span class='webrupee'>₹</span>599 crore initial public offering(Pixabay)
Published on May 16, 2024 10:30 PM IST
PTI |

Avg housing prices increase by 10% in Jan-Mar across top 8 cities

In Q1 2024, unsold inventory across the top eight cities stood close to 10 lakh units, with MMR having almost a 40% share, the Colliers-Liases Foras report said

Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. Bengaluru witnessed the maximum price increase of 19%(Pixabay)
Published on May 16, 2024 10:17 PM IST

Brookfield REIT Q4 net income up 89% at 461 crore

Brookfield India REIT is 100% institutionally managed office REIT, comprising six large integrated office parks located in Mumbai, Gurugram, Noida, and Kolkata

Brookfield India Real Estate Trust (BIRET) on May 16 reported an 89 per cent rise in its adjusted net operating income to <span class='webrupee'>₹</span>460.8 crore during the March quarter (Representational photo)(Pixabay)
Published on May 16, 2024 09:33 PM IST
PTI |

Malaika Arora rents flat in Mumbai for 1.50 lakh per month for three years

Malaika Arora's apartment is located in Pali Hill, Bandra West. The rent is subject to a 5% escalation every year, the rent document showed

Bollywood actress Malaika Arora has rented her apartment in Bandra West, Mumbai, to costume designer Kashish Hans for <span class='webrupee'>₹</span>1.57 lakh per month for three years, documents accessed by Zapkey showed.(Instagram)
Published on May 16, 2024 06:23 PM IST

Signature Global aims to sell 10,000 cr worth homes in FY25, up 38pc annually

Gurugram-based Signature Global aims to sell ₹10,000 crore worth homes in FY25, up 38pc annually

Signature Global aims to sell <span class='webrupee'>₹</span>10,000 cr worth homes in FY25, up 38pc annually
Published on May 16, 2024 10:35 AM IST
PTI |

BIRET to acquire 50% stake in 4 marquee assets from Bharti Enterprises

Acquisition by Brookfield India Real Estate Trust to include marquee commercial properties totaling 3.3 mn sq ft, at a value of ₹6000 crore.

Brookfield India Real Estate Trust will acquire a 50 per cent stake in four marquee assets from Bharti Enterprises, a statement said
Published on May 16, 2024 09:50 AM IST

India tops major APAC countries with highest data center capacity of 950 MW

India overtakes Australia, Japan and Singapore in data center capacity, receives $40 billion funds; Mumbai remains the dominant data center market in India

India tops major APAC countries with the highest data center capacity of around 950MW in the Asia-Pacific region (excluding China), overtaking major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea, a report by CBRE has said (Representational photo)(Pixabay)
Published on May 16, 2024 09:11 AM IST

Design final, 350 cr to be spent on Yeida’s new office along Yamuna Expressway

Yeida has also earmarked 4,000 square metres each for zone offices in four sectors, including sectors 17, 22E, 22D and 29

Currently, Yeida’s main administrative office functions out of a building taken on rent in Greater Noida’s Sector Omega I. (HT Archive)
Updated on May 16, 2024 06:42 AM IST
By, Greater Noida

Narayana Hrudayalaya buys 52,272 sq ft land parcel in Bengaluru for 169 crore

Bengaluru-based hospital, Narayana Hrudayalaya, also known as Narayana Health, has bought a land parcel in the city worth ₹169 crore

Bengaluru-based hospital, Narayana Hrudayalaya, also known as Narayana Health, has bought a land parcel in the city worth <span class='webrupee'>₹</span>169 crore (Representational photo)(Pixabay)
Published on May 15, 2024 06:22 PM IST

DLF to launch projects with 36,000 crore sales potential this year

DLF plans to launch super luxury projects in Gurugram in DLF5 in Q3 and in Goa in Q2; a premium project in Mumbai in Q4 and a luxury project DLF Privana in Q4

Real estate major DLF plans to launch new real estate projects spanning approximately 11.6 mn sq ft with a sales potential of almost <span class='webrupee'>₹</span>36,000 crore this fiscal, Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd, told Hindustan Times Digital
Updated on May 15, 2024 10:50 PM IST

China mulls government purchases of unsold homes to ease glut

China property crisis: China is considering a proposal to have local governments across the country buy millions of unsold homes

China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said (Representational photo) Photographer: Raul Ariano/Bloomberg(Bloomberg)
Published on May 15, 2024 09:20 AM IST
Bloomberg |

Mumbai real estate: Spike in Slum TDR sends realty market into a tizzy

Mumbai's realty market is reeling from a sharp spike in Slum TDR rates. The TDR in Mulund has shot up from ₹3,500 per sq ft six months ago to ₹6,000 currently

Mumbai, India - Sept. 5, 2023: Arial view of Infrastructural development at Sath Raasta, Mahalaxmi, in Mumbai, India, on Tuesday, September 5, 2023. (Photo by Anshuman Poyrekar/ Hindustan Times) (Hindustan Times)
Updated on May 15, 2024 09:38 AM IST
ByDraupadi Rohera

MahaRERA mandates self-declaration of real estate project quality by developers

MahaRERA proposes self-certification for real estate project quality assurance, focusing on technical aspects like structural design, stability, and fire safety

Maharashtra Real Estate Agency (MahaRERA) has floated a draft regulation where developers will now have to provide self-certification declaration for project quality assurance (HT PHOTO)
Updated on May 15, 2024 07:54 AM IST

DLF aims 15% growth in sales bookings at 17,000 crore this fiscal

DLF plans to launch luxury housing projects at DLF phase-5 in Gurugram, Goa and Mumbai during this financial year

 DLF has set a 15% growth target in sales bookings this fiscal at <span class='webrupee'>₹</span>17,000 crore as it plans to launch many luxury housing projects across Gurugram, Goa and Mumbai
Published on May 14, 2024 09:27 PM IST
PTI |

CBI arrests Dheeraj Wadhawan in 34,000 crore DHFL fraud

A senior officer familiar with the development said Dheeraj Wadhawan was arrested on Monday from Mumbai and was produced in a Delhi court on Tuesday

Dheeraj Wadhawan. (File)
Updated on May 15, 2024 10:22 AM IST

IKEA partners with Rhenus to set up warehouse in Delhi-NCR near Gurugram

Ikea's warehousing facility, to come up in Delhi-NCR near Gurugram, will be spread across an area of 1.5 lakh sq ft. It is expected to go live early next year

IKEA, the Swedish furnishing brand, has signed an Memorandum of Understanding (MoU) with Rhenus, a global logistics leader, to set up an over 1.5 lakh sq ft warehousing facility near Gurugram (Representational photo)(Bloomberg)
Published on May 14, 2024 05:51 PM IST
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