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December 2020 – Spectraa Real Estate Advisory

Monthly Archives: December 2020

UBS reduces outsourcing to IT services firms, opens facility in Hyderabad

Swiss multinational investment bank UBS has shifted work in-house to its own centres across three cities in India, even as it continues to work with India-based IT services providers such as Wipro, HCL Technologies and Cognizant. “We are still partners with Wipro, Cognizant and HCL. We have split the things that we wanted to keep […]

UBS opens new office in Hyderabad

In the last nine months close to 1,000 people have been strategically insourced Financial services major UBS has opened its fifth office in the country, in Hyderabad, underlining its commitment to India. UBS currently operates from offices in Pune (Yerwada and Kharadi), Navi Mumbai (Airoli) and in the Bandra Kurla Complex in Mumbai. Located at […]

Bombay HC clears way for Shapoorji Pallonji firm to develop large chunk of SRA project in tony Cuffe Parade area in South Mumbai

In a major relief for the Shapoorji Pallonji Group, the Bombay High Court has paved the way for its subsidiary to develop a large chunk of Slum Rehabilitation project of about 113321.54 square meters in tony Cuffe Parade area near the World Trade Centre in South Mumbai. On Tuesday, the division bench of Justice Nitin […]

Mumbai: L&T agrees to resume work on Naigaum BDD redevelopment

In a major turnaround, construction major Larsen & Toubro (L&T) has once again agreed to take up the Naigaum BDD chawl redevelopment project. A letter from the company withdrawing its termination notice and agreeing to resume work was submitted to the chief officer, Mumbai Board, Yogesh Mhase, on Monday. Mhase confirmed the development. Housing minister Jitendra Awhad […]

MREAT stays MahaRERA order asking Godrej Properties to refund home buyer

Maharashtra Real Estate Appellate Tribunal (MREAT) has stayed a MahaRERA order of August 2020 asking Godrej Properties Ltd to refund Rs 39 lakh forfeited by the developer from a home buyer from The Trees project in Vikhroli after terminating the agreements for two flats for alleged failure to stick to payment schedule. Allowing the appeal, the tribunal bench comprising chairperson Justice […]

IKEA to open its Navi Mumbai store on December 18

IKEA, part of the Ingka Group, the Swedish brand and global furnishings retailer has announced it will open the doors to its Navi Mumbai store on December 18, 2020. The over 5 lakh sq. ft IKEA store will inspire people with more than 7,000 well-designed, affordable, good quality and sustainable home furnishing products along with […]

Pandemic Home-Buying Boom Marks Turnaround for One of Asia’s Priciest Cities

Cheaper mortgages, purchaser incentives and the lure of a potential bargain are driving a sales boom in Mumbai. Before the pandemic, Mayank Vora, 34, and his wife were struggling to afford a one-bedroom apartment in one of Asia’s costliest cities. Now they are the proud owners of a two-bedroom home in a high-end residential complex […]