Listen To The Article K Raheja Corporation, a real estate developer, has paid more than Rs 275 crore for floor space index (FSI) rights in central Mumbai's Wadala neighborhood from a joint venture between MM Developer and Saroj Landmark Realty LLP. The FSI rights will be used to develop the free-sale component of a slum rehabilitation project in Shanti Nagar, Wadala. The project's slum...
Listen To The Article Arkade Group, a Mumbai-based redevelopment builder, has purchased a plot from Bajaj group company Hercules Hoists for more than Rs 103 crore. The company will construct a residential project on 8300 square metre plot in Mulund's eastern suburbs, with the potential to develop 0.5 million square feet of 2 and 3-BHK apartments. According to Amit Jain, Managing...
Listen To The Article Oberoi Realty, a leading Mumbai-based real estate developer, has bought over 5 lakh square feet comprising 63 residential units in a luxury housing project at Worli, Mumbai. Oberoi Realty said that its shareholders approved the acquisition of residential premises in the project "Three Sixty West" constructed by Oasis Realty for up to Rs 4000...
Listen To The Article The Office Pass (TOP) will open its 14th coworking location in the Delhi NCR and 12th in Gurgaon. The new coworking space will be 26000 square feet in size. The office will be artistically designed with high-end specifications, with 550+ workstations, extensive meeting and conference rooms, a lounge, a café, and collaboration zones. TOP will further solidify its...
Listen To The Article Webhelp India has leased 63607 square feet of office space in the One Cube building in Gurgaon. The total lease period is five years with a monthly rental of Rs 61 lakh, as per the documents shown and accessed by CRE Matrix, a real estate data analytics firm. The company has leased the fourth floor of the commercial building in sector 18, Udyog Vihar, Gurugram,...
Listen To The Article The Rail Land Development Authority (RLDA) has invited bids for leasing a 124,000-square-meter railway land parcel in Sector 21 Dwarka, Delhi, for Rs 1193 crore. The parcel of land can be used for residential (55%) and commercial (45%) purposes. This year's pre-bid meeting will be held on January 10, and the deadline for e-bid submission is February 6. The land...
Listen To The Article Godrej Properties has purchased a 9-acre land plot in Gurugram to develop a housing project with a Rs. 2,500 crore sales potential. This project will comprise roughly 1.6 million square feet of luxury residential development. The site is located near Golf Course Extension Road, also known as Southern Peripheral Road. Godrej Properties MD & CEO Gaurav Pandey stated, "Gurugram...
Listen To The Article Mahindra Lifespace Developers (Mahindra Lifespaces) has completed the acquisition of freehold land measuring approximately 9.24 acres in Village Akurli, Kandivali East, Mumbai, from the company's promoter, Mahindra and Mahindra (M&M), according to a BSE filing. The total consideration for the transaction is Rs. 365 crore, payable in instalments, plus 7% annual interest payable...
Listen To The Article Godrej Properties announced that it had purchased approximately 62 acres of land in Kurukshetra, Haryana, to develop a plotted residential project. The company stated that this project would provide approximately 1.4 million square feet of plotted residential development. The total deal value of this land parcel was not disclosed by the company. Kurukshetra is a self-sufficient...
Listen To The Article M3M India, a real estate developer, has paid Rs. 1,500 crores for a 350-acre plot of land in Panipat, Haryana. The company plans to invest another 1,200 crores in the development of an integrated township. This property is purchased from Ambience Group. M3M India Director Pankaj Bansal told PTI that the company will invest a total of 2,700 crores in this township project,...