Brookfield Asset Management has expanded its Mumbai real estate holdings. The company acquired another floor in Godrej BKC. This purchase occurred during Jet Airways' insolvency proceedings. Brookfield now controls three floors in the building. The deal includes management board access. This acquisition strengthens Brookfield's presence in Mumbai's Bandra-Kurla Complex. The area is a prime business...
India's DLF will invest significantly to finish ongoing housing projects in Delhi-NCR and Mumbai. The company possesses substantial cash reserves and receivables from sold properties. DLF invested in construction during the first quarter and anticipates increased spending. Recent project launches in Mumbai and Gurugram witnessed complete sell-outs. Source link...
Mumbai's Altamont Road housing society is a hot target. Three top developers are vying for its redevelopment. They are pitching offers at a luxury hotel this weekend. The developers are booking banquet halls and restaurants. This is to impress society members. Redevelopment mania is escalating in Mumbai's prime areas. Developers see this as a necessary business development exercise. Source link...
Signature Global aims for a 92% revenue surge, targeting ₹4,800 crore this fiscal year, driven by strong Gurugram residential sales. The company reported a five-fold jump in Q1 net profit to ₹34.43 crore, with revenue doubling to ₹865.66 crore. Source link...
IFC is investing $150 million in H-DREAM Fund, managed by HDFC Capital Advisors, to boost sustainable, affordable housing across urban India. The $1 billion fund aims to construct 25,000 green-certified units, addressing the nation's housing shortage. This initiative seeks to mobilize $850 million from investors, supporting early-stage financing and green building standards. Source link...
Nitin Gadkari highlighted the financial and environmental benefits of green fuels and advanced technologies for the construction equipment industry at the ICEMA Annual Session 2025. He emphasized sustainability, quality, and innovation to meet rising global demand. The industry saw 3% growth in FY25, with increased equipment sales and exports, and the government plans policy support to address industry...
Noida Authority is recovering dues from developers of Sports City projects following High Court orders. Lotus Green Constructions paid ₹80 crore, with others expected to follow. Notices were issued to 62 developers for ₹11,000 crore in dues. The court has ordered CBI and ED investigations into irregularities, while developers have approached the Supreme Court. Source link...
Vinay Thakkar, linked to Angel One's founder, sold a luxurious Andheri West apartment for ₹52.48 crore. The 3,891 sq ft property fetched ₹1.4 lakh per sq ft, marking a high-value transaction. This deal reflects the resilience of Mumbai's luxury market, driven by demand for premium homes and infrastructure upgrades, despite high interest rates. Source link...
Auto component manufacturer Anand Automotive acquired a 1,550 square yard bungalow on Kautilya Marg in New Delhi for ₹195 crore, marking a significant property deal this year. This transaction, along with others by prominent figures like Anurag Jain and Aakash Chaudhry, highlights the surging demand for luxury properties among HNIs, driven by investment diversification and personal use...
Developers are urging the UP government to implement a rehabilitation policy for Sports City projects, similar to the one for stalled group housing, to resolve long-standing dues. They propose paying 25% of recalculated dues within 60 days and the rest over three years. Source link...