Concorde, certainly one of Bengaluru’s actual property builders, introduced a strategic funding of ₹ 100 crore in 4.5 acres of land in Thanisandra, a micro market of North Bengaluru. The corporate plans to develop a residential undertaking on this land parcel with a income potential of round ₹400 crore. Thanisandra is a hotspot in Bengaluru … Read more
Chennai market has reported a decline in workplace house absorption throughout the first quarter of 2024, whereas different main cities have reported sturdy progress throughout the interval. The calendar yr has began on a powerful observe with the general workplace leasing market reporting a 35 per cent year-on-year enhance at whole leasing of 13.6 million … Read more
Godrej Properties has entered into definitive agreements to develop a big township venture in North Bengaluru underneath a profit-sharing mannequin. The estimated reserving worth for the venture is ₹5,000 crore. Unfold throughout 62 acres and positioned in a first-rate space of North Bengaluru, the venture will supply 5.6 million sq. toes of saleable space, comprising … Read more
Arvind SmartSpaces (ASL) inventory surged 4.74 per cent on the NSE, buying and selling at ₹596.35. The true property improvement firm has offered out your entire stock launched on the market within the 1st part of its residential improvement mission, Arvind Orchards in Devanahalli, Bengaluru. Additionally learn: Arvind SmartSpaces pronounces township mission in Surat As … Read more
Embassy REIT, the most important actual property funding belief in Asia, will have a look at inorganic development choices, because it re-explores acquisition alternatives in Chennai. Additional, fund-raising plans are additionally below dialogue now. Additionally learn:Embassy REIT achieves FY24 leasing goal in 9 months In line with Aravind Maiya, Chief Government Officer, Embassy REIT, there … Read more
Bengaluru-based NBFC-MFI CreditAccess Grameen posted a web revenue of ₹353.3 crore in Q3 FY24, up 64 per cent on yr, led by robust progress of 42.4 per cent in complete revenue to ₹1,295.2 crore. Additionally learn: Central Financial institution of India’s Q3 FY24 web revenue rises 57% y-o-y to ₹718 crore “Our profitability milestone touched … Read more
In a strategic transfer to develop its company footprint in India, Apple has unveiled its latest workplace positioned at Minsk Sq. within the coronary heart of Bengaluru. This swanky new premises spans 15 flooring, and is designed to accommodate as much as 1,200 staff. The workplace has devoted lab areas, collaborative zones, and wellness areas, … Read more
SpiceJet has introduced the launch of non‐cease flights connecting Ayodhya with Chennai, Bengaluru, and Mumbai, starting February 1, 2024. The airline will deploy its 189-seater Boeing 737 plane on these routes. The airline operator had introduced it could function a particular flight from Delhi to Ayodhya on January 21, 2024. The particular flight caters to … Read more
Realty agency Sobha Ltd reported a 37 per cent enhance in gross sales bookings at ₹1,951.6 crore within the third quarter of this monetary 12 months, primarily on the again of sturdy housing demand in Bengaluru. Additionally learn: Puravankara experiences web lack of ₹11 crore in Q2 Its gross sales bookings stood at ₹1,424.7 crore … Read more
In 2023 workplace absorption got here close to an all-time excessive at 59.6 million sq. ft, whereas residential gross sales at 3.3 lakh models set a brand new 10-year document, in line with a report by Knight Frank India. Additionally learn: Workplace sector dominates: Indian actual property attracts $5.4 billion in institutional investments Transactions within … Read more