Category Archives: Real Estate News

Piramal Enterprises seeks funds to rescue half-built homes | ET Realty India’s real estate market is grappling with a lingering lockdown that’s slowed construction and sharply crimped new sales in an already struggling market Piramal Enterprises Ltd. is seeking new investors including hedge funds to help raise cash and fund working capital for the real […]

Godrej Group Hikes Stake In Sobha ltd To About 10% | Bloomberg Godrej Group increased its stake in Sobha Ltd. as the diversified Indian conglomerate looks to gain market share. Anamudi Real Estates LLP, wholly owned by the Godrej family, held 9.99% stake in the Bengaluru-based real estate developer as of June compared with 1.08% […]

Dharavi residents plan to oppose fresh tenders for redevelopment project | ET Realty Dharavi Redevelopment Committee (DRC), a federation of 52 associations of residents, has requested Chief Minister Uddhav Thackeray to expedite the redevelopment process that’s been in limbo for over 16 years. Dharavi’s residents have decided to oppose tooth and nail any plan by […]

Apple to spend over $400 million in 2020 to stem California’ housing crisis | ET Realty The iPhone maker in November committed the funding to address what Chief Executive Tim Cook called a housing “affordability crisis that is existential” for many residents of the company’s home state. SAN FRANCISCO: Apple Inc on Monday said it has allocated […]

Morgan Stanley will lease up to 1.1-million sq feet office space from Oberoi Realty | The Hindu BusinessLine To consolidate Mumbai Global In-house Centre operations to a single campus Morgan Stanley will lease up to 1.1 million sq feet office space for 9.5 years from Oberoi Realty. This is being done to consolidate Morgan Stanley’s […]

Mumbai property market gets it mojo back |MoneyControl Up to 20 residential transactions registered in June at India’s priciest real estate market are valued at over Rs 10 crore. Property buyers came out of hiding in Mumbai, India’s priciest real estate market, to boost the sagging fortunes of a segment crippled by the coronavirus lockdown. […]

SC allows ED to attach assets of JP Morgan | ET Realty A bench of Justices Arun Mishra and U U Lalit, which took up the matter through video conferencing, granted the permission to the ED to attach the properties of the multi-national firm, a senior lawyer associated with the case said. NEW DELHI: The […]

ByteDance signs office space deal with WeWork | ET Realty According to the plan, the newly-leased property in the Goregaon suburb was to be used by ByteDance to consolidate and expand its operations in India, said three people directly aware of the deal. BENGALURU | MUMBAI: Beijing-headquartered ByteDance has signed a flexible office-space deal for 1,250 seats at WeWork […]

Four innovations that will define Real Estate in the new normal | CNBC TV18 The whitepaper elaborates on the impact of technology led innovations on the real estate sector, and the factors that will help create an ecosystem of growth and investment. Cities such as Bhubaneswar, Indore and Pune have focused on smart projects such […]

Zara founder had real estate assets worth 15 billion euros in 2019 | ET Realty Other properties include a stretch of London’s prime shopping drag Oxford Street and the historic E.V. Haughwout Building in SoHo, New York. MADRID: The investment vehicle of Amancio Ortega – founder of fashion empire Inditex and one of Europe’s richest men – reported on […]