Maheshwar Rao, chief commissioner, Greater Bengaluru Authority, said Bengaluru will need integrated planning across housing, mobility, water, roads and public spaces as its population continues to grow. Source link...
Real Estate
Karnataka RERA chairman Rakesh Singh said the authority will work with government agencies and industry representatives to identify procedural gaps affecting project approvals and delivery timelines. Source link...
IT giant Accenture has secured a massive 10.16 lakh sq ft office space in Hyderabad for a decade, with monthly rents starting over Rs 7 crore. This significant lease, located in Aparna Technopolis, underscores the robust performance of India's office market, particularly driven by foreign companies establishing Global Capability Centres. The deal highlights a substantial commitment to expansion in...
The Slum Rehabilitation Authority (SRA) has identified 18 more slum clusters across the Mumbai Metropolitan Region for redevelopment under Maharashtra’s Slum Cluster Area Redevelopment Scheme, buoyed by strong investor interest in its pilot project in Andheri (West). Source link...
The Bombay High Court has ruled that housing societies can receive unilateral deemed conveyance of land, even if future development potential on public amenity plots is involved. Justice Sandeep Marne stated that conveyance shouldn't be delayed until the municipal corporation acquires such land. The court modified a previous order, directing conveyance of four acres instead of five, while allowing...
In a major real estate development, Tech Mahindra has secured 4 lakh sq ft of office space in Hyderabad with a 10-year lease, reinforcing the city's position as a tech hub. This decision reflects the vibrant demand for premium office spaces among technology firms. The company's investment highlights Hyderabad's attractiveness as a primary location for large corporations looking for...
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the...
Construction on Brigade Enterprises' Rs 2,000-crore housing project in Perumbakkam has been halted. The Tamil Nadu government found work began without mandatory permission from the Tamil Nadu State Wetland Authority. The project is alleged to be within the Pallikaranai Ramsar Wetland Site. The environmental clearance was revoked. Brigade Enterprises plans to appeal the order. Source link...
Homebuyers in Greater Noida face significant delays in property registration due to an ongoing strike by lawyers and deed writers protesting the UP government's e-registration initiative. Despite a clarification limiting e-registration, the deadlock persists, leaving hundreds of buyers unable to legally own their purchased properties and incurring financial burdens. Source link...
US retail giant Target Corporation secures a significant office space in Bengaluru. The company will occupy over 8.3 lakh square feet at Embassy Manyata Business Park. This long-term lease, valued at approximately Rs 1,250 crore, highlights the growing presence of global capability centers in India's tech hub. The deal underscores sustained demand for Grade A office spaces in Bengaluru. Source...