Top suitors of Lavasa Corporation, including Haldiram Snacks Pvt Ltd and Oberoi Realty, have quit the race to acquire the debt-laden company, citing falling real estate prices due to the Covid-19 pandemic. A subsidiary of construction major HCC, Lavasa had defaulted on bank loans worth Rs 7,700 c... Read more...
Sep 2020 ,
by Realty Plus in Realty Spotlight
In these unprecedented times, India still continues to fight against the spread of COVID-19, which is impossible without its frontline warriors – healthcare professionals, local authorities and essential service providers. As an appreciation of the commendable work that the health professionals an... Read more...
Sep 2020 ,
by Realty Plus in Realty Spotlight
Authored By Ved Parkash Dudeja, Vice Chairman – Rail Land Development Authority While India and the global economy continues to grapple with the health and economic repercussions of the COVID-19 pandemic, the logistics and warehousing segment has emerged as a promising avenue in real estate. The ... Read more...
Aug 2020 ,
by Realty Plus in Realty Spotlight
Authored by Raman Gupta, Director- Branding & Construction, GBP Group Commercial and office spaces form an important part of an urban infrastructure. In 2019, the commercial and office segment was vibrant with spiralling demand for Grade A office and reduced vacancy levels. Also, the demand f... Read more...
Aug 2020 ,
by Realty Plus in Press Room
Steelcase, the global leader in office furniture and innovative workspace solutions, today announced the opening of its ancillary dealer showroom in Mumbai dedicated to the company’s marquee portfolio of ancillary applications. In partnership with Innovative Antares Pvt. Ltd., the new showroom a... Read more...
Aug 2020 ,
by Realty Plus in Realty Spotlight
Globally, the effects of COVID-19 have changed the way we work. The global workforce has become a part of the largest work-from-home experiment, causing a dramatic disruption to the office working culture. As per Colliers International, this shift will affect not only how we work in the short-term b... Read more...
Aug 2020 ,
by Realty Plus in ALLIED
Godrej Properties expects its sales bookings during the ongoing fiscal to be at an all-time high, beating the previous year’s record Rs 5,915 crore despite the COVID-19 pandemic, as housing demand is consolidating towards trusted developers, a top company official said. Godrej Properties Executive... Read more...
Aug 2020 ,
by Realty Plus in ALLIED
Co-working player Smartworks has taken a total of over 6 lakh sq ft of office space on lease in Mumbai, Pune and Hyderabad to set up new centres as part of its plan to expand business despite the COVID-19 pandemic. The three new large co-working centres will be targeting big corporates. The centr... Read more...
Aug 2020 ,
by Realty Plus in INTERNATIONAL
KE Holdings Inc, a China-based real estate services provider backed by Tencent aims to raise up to $2 billion in its U.S. initial public offering. However, The IPO comes at a time when Nasdaq has tightened its listings rules with an eye on curbing IPOs of Chinese companies that are closely held by i... Read more...
Union Housing and Urban Affairs Ministry approved the construction of around 10.28 lakh houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned so far under the scheme to 1.06 crore. The decision was taken at a meeting of the Central Sanctioning and Monit... Read more...