Listen To The Article   Motilal Oswal Group has provided Rs 450 crore to Shapoorji Pallonji Real Estate (SPRE) to fund two Shapoorji Pallonji Real Estate projects. Motilal Oswal Alternates, the Motilal Oswal Group's investment arm, has committed Rs 450 crore to Shapoorji Pallonji Real Estate. The funds were allocated to complete two projects. One of the projects is a partially...

Listen To The Article   Elan Group, based in Gurgaon, will invest Rs 4,000 crore in developing 8 million square feet of luxury residential space on the Dwarka Expressway, on a 40-acre land parcel purchased from Indiabulls Real Estate in January for Rs 580 crore. It is a fully licenced 40-acre property, with 30 acres reserved for residential development and 10 acres set aside for...

Listen To The Article The Special Window for Affordable and Mid-Income Housing (SWAMIH) fund has accepted approximately Rs 207 crore for the completion of a stalled real estate project in Greater Noida. The last-mile funding, of which the first instalment was recently released, will result in the timely supply of homes to 1,000 house consumers at Sikka Kimaya Greens. "The Sikka group...

Listen To The Article Adani Group has won the bid to redevelop Mumbai's Dharavi area, one of Asia's largest slum clusters. The Maharashtra government officials opened financial bids for the Dharavi redevelopment project on November 29. SVR Srinivas, Chief Executive Officer of Dharavi Redevelopment Project says "We got three bids, of which we opened two financial bids of Adani and DLF as...

Listen To The Article Following the repeal of GRAP-3 restrictions, the forest department intends to carry out a demolition drive to free Aravalis from encroachment in the district. Beginning next week, it will demolish illegal structures on more than 20 acres of Aravali land in Abheypur near Damdama lake. In the Sonya Ghosh case, the NGT ordered an end to illegal tree felling, construction...

Listen To The Article Expressway Tower homebuyers have demanded a structural and forensic audit of the Sector 109 affordable housing project, prompting the department of town and country planning (DTCP) to convene a meeting with the developer and investors on December 6 to discuss the issues. Even though there has been no construction at the site for the past years, residents claim that the...

Listen To The Article A city court on Monday denied the director of Ardee City's builder's anticipatory bail application, accusing him of forging documents to obtain a licence for approximately 40 acres of land owned by the HSVP and failing to develop the area earmarked for EWS plots in Sector 57, Gurugram. Additional Sessions Judge Jasbir Singh denied Gopal Das Estates & Housing...

Listen To The Article Godrej Properties today announced that it sold villas worth more than Rs 300 crore on the first day of the launch of a 100-acre township in Greater Noida, defying the current slowdown in the NCR property market. Godrej Properties is the Godrej Group's real estate division. This is the firm's first project in the Noida-Greater Noida area. The 'Godrej Golf Links' township...

Listen To The Article MCG has prepared estimates to repair the inadequate infrastructure in four of the eight private colonies it took control of five months ago. It has made the estimates after conducting a new survey on the ground following the takeover, which will now be forwarded to the state government for final approval. According to officials, the highest estimate is for Vipul World,...

Listen To The Article L&T Realty, Larsen and Toubro's real estate development arm, and Singapore-listed CapitaLand and India Trust Management, trustee-manager of CapitaLand India Trust (CLINT). have signed a non-binding term sheet for a commercial platform that will develop nearly six million square feet of office space in Bengaluru, Chennai, and Mumbai. L&T will build and develop...