Real Estate News | Latest Realty & Real Estate Industry Information …
ED to probe buyers of Dubai properties for forex violations and money laundering . The central agency has collated information gathered from its sources with the data received from the Income Tax (I-T) department and the Reserve Bank of India.
Rural development ministry aims to sanction 10 lakh PMAY-G …
Jan 2, 2025 · Representative image The Rural Development Ministry on Wednesday said that in January, it will focus on sanctioning 10 lakh houses under the Pradhan Mantri Awas Yojana-Gramin (PMJAY-G) as part of targets set for 2024-25. An official statement said the ministry will set monthly goals to ensure the implementation of rural development schemes on time and to help realise Prime Minister Narendra ...
Sebi to auction 28 properties of five companies to recover investor ...
Dec 23, 2024 · FIle photo NEW DELHI: Capital markets regulator Sebi will auction 28 properties of five companies, including Bishal Group and Sumangal Industries, on January 27, to recover money illegally collected from investors by these companies. The properties will be auctioned for a reserve price of Rs 28.66 crore. Ravi Kiran Realty India, Mangalam Agro Products , and Purusattam Infotech Industries are ...
West Bengal CM demands strict action against builders …
Jan 3, 2025 · File photo KOLKATA: Alleging that government land was being encroached by builders from outside the state to build flats, West Bengal Chief Minister Mamata Banerjee on Thursday slammed officials who were sanctioning such illegal constructions. Banerjee, who chaired an administrative review meeting at the state secretariat, directed police to arrest all such builders in accordance with the law ...
Varun Dhawan acquires two apartments for Rs 86.92 crore in …
Jan 8, 2025 · Varun Dhawan purchased one apartment on the sixth floor in collaboration with his mother, Karuna David Dhawan, at a price of Rs 42.40 crore. The flat has a carpet area of 429.06 sq meter (~4,617 sq ft) and a built- up area of 471.96 sq meter (~5,069 sq ft).
Real Estate News | Latest Realty & Real Estate Industry Information …
Hyderabad's grade A office space occupancy to drop to 75.5-76% by March 2026: ICRA. Office supply grew at a higher compound annual growth rate (CAGR) of ~14% during FY 2017 to FY 2024 for the Hyderabad market, compared to a compound annual growth rate (CAGR) of ~7% for the six office markets in the country.
NFRA slaps Rs 8 lakh penalty on two auditors in DB Realty case
Dec 25, 2024 · Representative image NEW DELHI: The National Financial Reporting Authority has slapped penalties totalling Rs 8 lakh on two auditors and barred them for up to five years for professional misconduct in connection with the audit of DB Realty for FY16. The order came after NFRA received information from Sebi in October 2022, regarding misstatements in the financial statement of DB Realty Ltd (now ...
Land deal volume in India surge by 47% year-on-year across eight …
Jan 13, 2025 · Representative image NEW DELHI: The land deal volume in India surged by about 47% year-on-year, reaching more than 2,000 acres across eight cities in 2024, according to a report by CBRE. During 2024, nearly 135 land deals were closed compared to about 90 in 2023, primarily concentrated in major metropolitan areas such as Delhi-NCR, Bengaluru, Mumbai, Chennai, and Pune.
Institutional real estate investments in India to grow further in …
Nov 22, 2024 · Representative image NEW DELHI: Institutional investments in Indian real estate in 2024 are poised to surpass 2023 levels, driven by robust investments in office, industrial & warehousing, and residential sectors, according to a report by Colliers. In the first three quarters of 2024 alone, investments have reached USD 4.7 billion, accounting for 87% of the inflows in the entire year of 2023.
Brookfield India REIT launches QIP to raise up to Rs 3,500 crore
Dec 10, 2024 · The board of directors of Brookprop Management Services approved the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 3,500 crore in one or more placements. The proceeds will be used for the partial or full prepayment or repayment of the outstanding borrowings, equity contribution, and general purposes, including funding operating expenses ...