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Mindspace REIT raises 650 crore from IFC via sustainability linked bonds

Published on Jun 25, 2024 10:19 PM IST

Mindspace Business Parks REIT becomes first Indian REIT to issue sustainability-linked bonds; The bonds are issued for seven years, the company said.

Mindspace REIT raises <span class='webrupee'>₹</span>650 crore from IFC via sustainability linked bonds.

Sattva Group to invest around 14,000 cr in 3 years, mulls IPO for Simpliwork

Sattva Group is also in talks with Blackstone to launch a REIT; The company is looking to invest ₹12,000-14,000 crore over the next three years

Sattva Group is set to invest <span class='webrupee'>₹</span>12,000 - 14,000 crore in the next 3 years. Mulls IPO for Simpliwork (Representational photo)(Unsplash)
Published on Jun 25, 2024 10:04 PM IST
ByShakshi Jain

PMAY-U 2.0 to build 1 crore houses in urban areas will be launched soon

The second phase of the PMAY-U scheme will soon be launched and it will be based on the learnings of the first phase, said ministry officials

The second phase of Pradhan Mantri Awas Yojana(Urban) will soon be launched (HT PHOTO)
Published on Jun 25, 2024 09:33 PM IST
PTI |

Amitabh Bachchan buys three commercial properties in Mumbai for 60 crore

Amitabh Bachchan has purchased three commercial properties worth ₹60 crore in Signature Building on Veera Desai Road of Andheri West, Mumbai

Amitabh Bachchan buys three commercial properties in Mumbai for <span class='webrupee'>₹</span>60 crore.(HT Library)
Updated on Jun 25, 2024 06:09 PM IST
ByShakshi Jain

Can homebuyers seek refund of booking amount from a developer due to job loss?

Homebuyers of Godrej Meadows project in Pune had canceled their booking in January 2022 citing financial problems due to loss of job and sought refund

MahaRERA has directed the developer of Godrej Meadows project in Pune to partially refund the booking amount paid by two homebuyers after deducting 2% of the total booking amount. (Representational photo)(Pexels)
Published on Jun 25, 2024 03:13 PM IST
ByMehul R Thakkar

Here’s why Bollywood stars prefer to invest in commercial properties

Mumbai real estate: Karishma Kapoor, Ajay Devgn, Amitabh Bachchan have all bought commercial properties to earn high rental yields

From Karishma Kapoor to Amitabh Bachchan, here’s why Bollywood stars prefer to invest in commercial properties.(KarishmaKapoor/Instagram)
Published on Jun 25, 2024 12:11 PM IST

China’s rich spend millions on Shanghai property; Luxury apartments a rage

A $15 million penthouse was snapped up hours after it went on sale. Apartments worth $3.8 million were five times oversubscribed in Shanghai

Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector. Photographer: Raul Ariano/Bloomberg(Bloomberg)
Published on Jun 25, 2024 10:45 AM IST
Bloomberg |

MahaRERA orders builder to refund 66 lakh to flat buyer with interest

MahaRERA orders a Mumbai-based real estate developer to refund ₹66 lakh with interest to a homebuyer for project delay

MahaRERA orders real estate developer to refund <span class='webrupee'>₹</span>66 lakh to flat buyer with interest
Updated on Jun 25, 2024 07:40 AM IST
ByRevu Suresh

Noida buyers association opposes new transfer policy for steady development

The Noida authority has stated that its efforts are on to ensure that works are executed properly on time and any issues linked to developmental works addressed

According to the members of the homebuyers' association, every year new employees are appointed and the old staff is being constantly changed, and this is hampering various infrastructure related works including RWA related works. (Sunil Ghosh/HT Photo)
Updated on Jun 25, 2024 06:58 AM IST

Krisumi Group plans to invest 2,000 crore on a luxury project in Gurugram

Krisumi Group expects a revenue realization of ₹4000 crore from the luxury real estate project in Gurugram

Krisumi Group, a joint venture between Krishna Group and Japan's Sumitomo Corporation, intends investing close to <span class='webrupee'>₹</span>2000 crore on a luxury project in Gurugram
Published on Jun 24, 2024 06:57 PM IST

Ajay Devgn leases commercial property in Mumbai for 9 lakh per month

Ajay Devgn has rented out a commercial property located in a building called Lotus Signature in Veera Desai Road Extension, Andheri West, Mumbai, for five years

Ajay Devgn has leased an office space in Andheri West in Mumbai for a monthly rent of <span class='webrupee'>₹</span>9 lakh for five years.
Published on Jun 24, 2024 05:23 PM IST

After Awfis, three major co-working firms mull IPO in 2025: Sources

After Awfis Space Solutions’ market debut recently, at least three major flexible workspace providers are preparing to launch an IPO in 2025: sources

After Awfis Space Solutions, three major co-working firms mull IPO in 2025
Updated on Jun 24, 2024 02:29 PM IST
ByShakshi Jain

Developers of 195 projects set up grievance redressal cells in Maharashtra

MahaRERA in August 2023 had asked real estate developers to set up grievance redressal cells to handle complaints of homebuyers

Only 195 real estate projects across Maharashtra have established the grievance redressal cells, according to MahaRERA.(Mehul R Thakkar)
Published on Jun 24, 2024 11:51 AM IST
ByMehul R Thakkar

Why are realtors making a beeline for Mumbai and Bengaluru markets?

Several real estate players from Bengaluru have entered the Mumbai market. Similarly, Mumbai-based builders have set foot in the garden city

An aerial view of housing and real estate in Mumbai.(Bachchan Kumar/HT PHOTO)
Updated on Jun 24, 2024 09:02 AM IST
ByMehul R Thakkar, Shakshi Jain

Co-living firms welcome GST Council's proposal to exempt GST on hostel services

Co-living service providers have welcomed the GST Council's proposal to exempt GST on accommodation services charging up to ₹20,000 per month per person

Providing relief to students and working professionals, the GST Council has recommended exempting accommodation services having a value of supply up to <span class='webrupee'>₹</span>20,000 per person per month from GST.(Unsplash)
Published on Jun 23, 2024 06:08 PM IST

Why did Abhishek Bachchan buy two 252 sq ft apartments in Mumbai?

Of the six apartments purchased by Abhishek Bachchan, two measure 252 sq ft, two are 1,100 sq ft (carpet) and the remaining two are 1094 sq ft.

The Bollywood actor has bought a total of 4,894 sq ft of RERA carpet at a price of <span class='webrupee'>₹</span>31,498 per sq ft, according to the documents shared by Zapkey.com.(HT Files)
Published on Jun 23, 2024 12:54 PM IST
ByMehul R Thakkar

Vijay Mallya’s $14 million English mansion where Sidhartha Mallya got married

Sidhartha Mallya married Jasmine at his father Vijay Mallya's $14 million mansion in Hertfordshire, UK.

Sidhartha Mallya married Jasmine at Ladywalk estate in Hertfordshire(Instagram/@imke_pimpke)
Updated on Jun 23, 2024 04:55 PM IST
BySanya Jain

Prestige Estates' board approves fund raise of 5000 cr via QIP or other modes

Prestige Estates' board also approved the monetization of its hospitality assets through a share issue and has formed a sub-committee to oversee the process

Prestige Estates' board on June 21 approved a <span class='webrupee'>₹</span>5000 crore fundraising plan through qualified institutional placement (QIP) or other permissible modes (Representational photo)
Published on Jun 21, 2024 08:30 PM IST

International Yoga Day 2024: Here is how the realty sector celebrated the Day

From union housing and urban affairs minister, DDA officials to private developers, here’s how the real estate fraternity joined in the Yoga Day celebrations.

Union housing and urban affairs minister Manohar Lal Khattar participating in 2024 International Yoga Day celebrations(Manohar Lal Khattar)
Published on Jun 21, 2024 07:48 PM IST

Unity Small Finance Bank buys properties worth 400 crore in Mumbai

In two separate real estate deals, private lender Unity Small Finance Bank has purchased commercial properties worth ₹400 crore in Mumbai

Unity Small Finance Bank acquires commercial properties worth more than <span class='webrupee'>₹</span>400 crore in Mumbai (Representational photo)(Bloomberg)
Published on Jun 21, 2024 05:57 PM IST
ByShakshi Jain

UPRERA News: Authority to accept only written complaints from homebuyers

UPRERA has said it will only accept complaints in writing from homebuyers as some of them often change the ‘sought relief’ after the final order has been passed

UPRERA has decided to standardize written submission of complaints by homebuyers
Published on Jun 21, 2024 03:59 PM IST

Indiabulls Real Estate announces change of name to Equinox India Developments

Indiabulls Real Estate Limited will be submitting applications with Bombay Stock Exchange and National Stock Exchange of India for effecting change of name

Listed real estate developer Indiabulls Real Estate Limited has changed its name to Equinox India Developments Limited with effect from June 20, the company said in a regulatory filing.(Bloomberg)
Published on Jun 21, 2024 02:08 PM IST

10 things Mumbai homeowners should keep in mind before going for redevelopment

In Mumbai, out of the monthly average of 10,000 property registrations, almost 10% to 20% are that of redevelopment projects.

Redevelopment of old housing society buildings in the Mumbai real estate market has picked up steam over the last few years.(Mehul R Thakkar)
Published on Jun 21, 2024 08:07 AM IST
ByMehul R Thakkar

More than two children? Can’t join housing society committee: Bombay HC

The court held that the “small family” rule, introduced in the Maharashtra Co-operative Societies Act, 1960, by a 2019 amendment, was applicable in the case

The Bombay High Court (HT FILE PHOTO)(HT_PRINT)
Updated on Jun 21, 2024 08:57 AM IST

Inside Shah Rukh Khan's LA mansion where you can stay for 2 lakh per night

While Shah Rukh Khan's residence in Mumbai is one of the most popular spots in the city, the actor has bought many luxurious properties across the globe.

Shah Rukh Khan was last seen in film, Dunki.
Published on Jun 20, 2024 07:24 PM IST

New housing supply may witness 13% drop; sales down 2% y-o-y across top 9 cities

Delhi NCR is the only city that witnessed an increase of 95% y-o-y in new launches. Maximum drop in new launches and sales in Hyderabad and Pune

New housing supply is expected to witness a drop of 13% across the top nine cities and sales are expected to fall by 2% in the April to June period compared to the same period last year, according to the report.(Mehul R Thakkar)
Published on Jun 20, 2024 07:12 PM IST

Brigade Group to develop a third World Trade Center tower in Kochi

Brigade Group has signed a land lease agreement to develop a third tower of the World Trade Center at Infopark Kochi. The new tower will be 16 storeys high

Brigade Group signing a land lease agreement, to develop a third World Trade Center tower in Kochi, in the presence of Kerala Chief Minister Pinarayi Vijayan(Brigade Group)
Published on Jun 20, 2024 04:13 PM IST

Kangana Ranaut gifts house to newly-married cousin Varun Ranaut but so can you

Kangana Ranaut recently gifted a property to her cousin as a wedding present. Here's what you must know if you are planning to gift one to your siblings

Kangana Ranaut gifts house to newly-married cousin Varun Ranaut
Updated on Jun 20, 2024 01:05 PM IST

Young professionals now investing in villa projects in Goa

Young professionals find the Goa market attractive for property investment; Gated villas in Grade A locations command a rental yield of 5-8%

Goa real estate: Return on rentals in gated villa properties is anything between 5-8% approximately(Unsplash)
Published on Jun 20, 2024 12:31 PM IST

Cushman & Wakefield launches advisory vertical for Global Capabilities Centres

The integrated GCC advisory service will help companies develop their captive-offshore shared services, R&D and Centers of Excellence (COE) capabilities

International property consultant Cushman & Wakefield on June 19 announced the launch of an integrated advisory vertical for multinational companies to strategise and set up Global Capability Centres (GCCs). (HT Files)
Published on Jun 19, 2024 11:12 PM IST
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