Microsoft India (R&D) has leased 264,000 sq ft in Hyderabad's financial district from Table Space Technologies, commencing July 2025. The five-year lease at Phoenix Centaurus involves a monthly rent of ₹1.77 crore, escalating annually by 4.8%. This expansion highlights Hyderabad's appeal to large tech companies due to its talent pool and infrastructure. Source link...
The NCLAT has upheld the acquisition of Vadraj Cement by Nuvoco Vistas, dismissing a plea challenging the resolution plan. The tribunal affirmed the NCLT's approval of Nuvoco's bid, which includes an upfront payment of Rs 1,800 crore. Source link...
Enforcement Directorate has initiated 22 cases. This action investigates the alleged nexus between builders and banks. The focus is on cheating homebuyers in the National Capital Region. These cases stem from CBI FIRs. The FIRs were filed following Supreme Court directives. The investigation aims to uncover fraud and money laundering. It also seeks to recover illicit assets. Source link...
Microchip Technology, through its Indian arm, has acquired 1.72 lakh sq ft of office space in Whitefield, Bengaluru, for ₹176 crore. The purchase from Ascendum Solution India includes two commercial blocks in the EPIP Zone. This significant transaction, valued at ₹10,230 per sq ft, marks one of the largest office space buyouts in the city this quarter. Source link...
Runwal Enterprises, a Mumbai-based real estate developer, has received SEBI approval for a ₹1,000 crore IPO. The IPO proceeds will fuel expansion and strengthen the balance sheet. Between 2019 and 2024, Runwal Enterprises ranked second in Mumbai for new residential launches and sales. The company reported revenues of ₹662.19 crore in FY24, a significant jump from the previous year. Source link...
Godrej Properties secured a 7.825-acre land parcel in Kukatpally, Hyderabad, through an e-auction conducted by the Telangana Housing Board. GPL's winning bid for the residential group housing land was ₹547.75 crore. Source link...
British businessman Sukhpal Singh Ahluwalia has purchased a luxurious 11,416 sq ft apartment in DLF's The Camellias, Gurugram, for Rs 100 crore, marking the third such high-value transaction in the complex. This deal highlights the continued strong demand for luxury homes in India, with prices in Gurugram and Delhi now rivalling Mumbai's upscale areas. Source link...
The Telangana Housing Board is set to auction over 7.5 acres of prime residential land in Kukatpally, expecting to generate ₹500 crore. Alongside, 618 unfinished 3BHK flats in Pocharam and Gajularamaram will also be auctioned. Funds raised will support affordable housing projects and the Indiramma housing scheme, building on recent successful auctions. Source link...
Chandigarh has been chosen as one of the two locations in India for piloting the Land Stack project. A committee meeting was held to discuss its implementation. The project aims to create a transparent land records management system. It will provide a unified database for land details. This will streamline property transactions and urban planning. Source link...
MahaRERA has suspended registrations of 4,812 housing projects across Maharashtra due to developers' failure to update construction progress or seek extensions. These projects, concentrated in urban areas like Pune and Thane, face transaction bans and penalties. The move aims to enforce transparency and protect homebuyers' interests by ensuring project accountability and completion. Source link...