Author: RM Bureau

hBits closes Commercial Property deal worth INR 40 crores through its platform

The company expects to break-even in the second year of its launch New Delhi / Mumbai, January 18, 2021:hBits, a tech-enabled real estate company offering fractional ownership (FA) to investors; announced that it has successfully closed a commercial property deal worth INR 40 crores. It has received investments worth INR 40 crores in the properties pre-leased to two global companies ATPI and Ingen...

ANAROCK Acquires Society and Apartment Management Technology Platform ApnaComplex

To expand the PropTech SaaS operations exponentially across India and globally, enhance tech-suite and add innovative new services bouquet, scale up team size Mumbai, 19 January 2021: The ANAROCK Group, India’s premier tech-led real estate services firm, today announced its 100% acquisition of digitally-driven society and apartment management PropTech platform ApnaComplex. A 10-year rich B2C...

Kamdhenu Group Launched its Premium Product ‘Kamdhenu Nxt’ in Delhi and Haryana

New Delhi, 18th January 2021: Kamdhenu Group, a well-diversified group in steel and paint, launched its premium brand ‘Kamdhenu Nxt’ – the next generation high-end interlock steel TMT bar in the market of Delhi and Haryana. With this, the company intends to capture a sizable market share in these two markets. Mr Satish Kumar Agarwal – Chairman and Managing Director, Mr. Sunil Agarwal &...

L&T Construction Wins (Large*) Contract from Rail Vikas Nigam Limited

Delhi, January 18, 2021: The construction arm of L&T has secured a Large order for its Heavy Civil Infrastructure business from Rail Vikas Nigam Limited (RVNL) for Package 4 of the New Broad-Gauge Line between Rishikesh and Karanprayag in the State of Uttarakhand, India. The scope of the project includes construction of Tunnels, Formation, Construction Shaft, and other Ancillary works from Cha...

2021’s first physical Realty Expo to be held on Jan 17 by Bullmen Realty

Expects a turnaround of 1000 visitors, and 200 crore deals New Delhi | Bullmen Realty, one of the leading Noida headquartered real estate consultancies will be organizing 2021’s first physical Realty Expo in the month of January to showcase properties of around 20 developers. The expo will be held on 17th January 2021 at Hotel Radisson, Sector 18, Noida. The consultancy is expecting 1000 people to...

TATA HOUSING LAUNCHES ‘THE GRAND INDIAN HOME FESTIVAL’

Homebuyer can Benefit up to 7%* off on Ready to Move in Projects 15th January, 2021, National: Tata Housing Development Company (THDC), one of the leading real estate development companies in India, announced its plan of launching ‘THE GRAND INDIAN HOME FESTIVAL’, a national campaign applicable on 16 projects across India on the occasion of India’s 72nd Republic Day. Designed keeping in mind the e...

Kargwal launches ‘Centrepoint’ lifestyle realty project in Umbergaon

(mixed-use project introduces first of its kind amenities & services) Umbergaon, Gujarat, January 15, 2021: Kargwal Constructions Private Limited (KCPL), one of India’s premier integrated engineering and construction conglomerate today launched a premium yet accessible mixed use lifestyle realty project ‘Centrepoint’ in Umbergaon, Gujarat. The project offering a new-age consumer shopping and l...

ICRA’s outlook for FY2022 remains Negative for residential and retail segments, Stable for the office leasing segment

Residential: High debt building up on account of slow-moving inventory; sustainability of recent sales uptick and improvement in cash flows remain key look-out areas The Indian residential real estate segment has been witnessing a prolonged downcycle owing to high inventory overhang, muted demand, weak affordability and declining investor interest. Covid-19 served as a double whammy, with overall ...

Pre-Budget Expectations for the Real Estate Sector

Mr. Kaushal Agarwal Chairman The Guardians Real Estate Advisory The year of 2021 in many ways, is expected to be the year of hope and revival. The real estate sector, like others businesses, is looking forward to many positive, innovative and path-breaking announcements in the budget this year. The budget to follow, more than ever before, needs to focus on pulling out the economy from one of its w...

NAREDCO recommends measures to support green shoots in Real-estate – Budget FY 21

Rationalization of Taxes Focus on Affordable Rental Housing Additional SWAMIH Stress Fund Innovative Liquidity Measures Boost SEZ Resume Subvention Scheme India, 14th Jan 2021: In the aftermath of Covid-19 pandemic, Indian economy grapples with the challenges of recovery, expectations from the upcoming Union Budget are high. Real estate sector, as a generator of jobs (14 per cent) and major contri...

Restricted New Supply Helps Noida & Greater Noida Shed Unsold Stock by 12% Y-o-Y

In comparison, Gurgaon – with maximum unsold stock of nearly 61,880 units in NCR as on 2020-end – saw a jump of 7% in its stock in the year As on 2020-end, there are over 56,620 unsold units in Noida & Greater Noida collectively; in 2019-end it was 64,010 units Of total new launches of 18,540 units in NCR in 2020, Noida & Greater Noida saw new supply of just 2,800 units (15% sh...

Pre-Budget Expectations for the Real Estate Sector

Mr. Kaushal Agarwal–Chairman, The Guardians Real Estate Advisory The year of 2021 in many ways, is expected to be the year of hope and revival. The real estate sector, like others businesses, is looking forward to many positive, innovative and path-breaking announcements in the budget this year. The budget to follow, more than ever before, needs to focus on pulling out the economy from one o...

Hero Realty offers possession of Phase I in Hero Homes Mohali

Hero Realty, announced that it is offering possession of 277 flats in Hero Homes Mohali Phase 1. Located at Sector 88, the project has been the talk of the town since the time it was launched. A premium project offering 2 and 3 BHK apartments, the entire project is spread over 18.49 acres and comes with several amenities. The project is strategically placed to escape from pollution, and provides r...

Everything you deserve, crafted for you to experience & live

In accordance with post covid shifts in consumer preferences, KGK Realty has been diligently working towards providing solutions for comfortable and safe housing. Today’s end-user for the residential segment is principally seeking options that comply with the safety guidelines devised to combat covid 19 and similar circumstances. In order to address this pressing priority, KGK Realty has launched ...

Double win for Vedanta Aluminium & Power Business at the 59th ABCI Awards

New Delhi, January 13, 2021: Vedanta Aluminium & Power Business, India’s largest producer of the aluminium and value-added products, has won coveted awards at the recently concluded 59th Association of Business Communicators in India (ABCI) Awards 2020. The Aluminium & Power Business bagged the Bronze Award for ‘PR Campaign for Reviving Dhokra Art’ under Social Responsibility Communication...

Mahindra Lifespaces® strengthens executive team with appointment of Sudharshan KR as Chief Projects Officer

Mumbai, January 13th, 2021: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of Mahindra Group, today announced that it has appointed Sudharshan KR as Chief Projects Officer.  Sudharshan will oversee the construction of all Mahindra Lifespaces® projects pan India. He will be responsible for implementing strategic initiatives across the project construction lif...

Affordable was the choice in 2020, and will remain so in 2021

Despite the lower-than-normal sales traffic in the real estate sector, the affordable segment has emerged as the hot cake for the wannabe homebuyers. Post-Unlock, the segment witnessed improvement in the number of visits to the site, and the properties sold immediately first because of the pent-up demand and realisation of people to own their home, the boost in sales got further boost when home lo...

Installation of modular steel structure begins at Omaxe Chowk

New Delhi, January 12, 2021: The installation of modular steel structure has begun in Omaxe Chowk, a multi-level parking cum commercial project in Chandni Chowk. The modular steel structure has been sourced from India’s leading steel company Jindal Steel and Power Ltd (JSPL). To expedite construction and provide durability and strength to the structure, the company is using advanced construction t...

Investors Clinic clocks a record breaking sale of 350cr for Migsun Project

Investors Clinic achieved this feat just in three days New Delhi, January 12, 2021: Investors Clinic (IC), India’s one of the leading real estate consultancy firms, marks a milestone of achieving bookings worth INR 350 crore in a record breaking time. Investors Clinic sold Migsun Jorbagh’s offered inventories of residential plots and retails in less than 72 hours. This is the first breakthrough fo...

National Youth Day: M3M Foundation committed to transforming the lives of the youth

Gurugram: Youth is a great asset to the nation. India is blessed to possess the advantage of a demographic dividend. If channelized efficiently, this massive talent pool can contribute to economic development. M3M Foundation, a philanthropic arm of M3M Group is committed to transforming the lives of the marginalized youth through its various initiatives. The Foundation also plans to set up a Skill...

Mahindra Lifespaces® and State Bank of India sign MoU

Partnership to deliver enhanced value to customers and employees of both companies New Delhi, January 12, 2021: Mahindra Lifespaces®, the real estate and infrastructure development arm of Mahindra Group, and State Bank of India (SBI), India’s largest home loan lender, today signed a Memorandum of Understanding (MoU) to enable an improved and more seamless experience for homebuyers across India.  A...

~73,560 Stuck Homes Completed in 2020 Despite COVID-19, Max in MMR

As on 2019-end, 1,322 projects comprising ~5.76 lakh units (launched in 2013 or before) were stuck in various stages of (non) completion in top 7 cities; by 2020-end, this reduced to 1,132 projects comprising ~5.02 lakh units Total value of present stuck/delayed housing stock is more than INR 4.07 lakh Crore Despite all-round upheaval by COVID-19 in 2020, developers stayed on completion track amid...

India’s Largest Conclave for Senior Care to focus on post-COVID era challenges – Association of Senior Living India (ASLI) 3rd ASLI Annual Senior Care Conclave 2021

3 day-long conclave to include expert sessions, panel discussions, online exhibition for a constructive dialogue and offer solutions around senior care Brahma Kumari Sister Shivani to share her outlook on overall health and happiness at the conclave Conclave to witness congregation of knowledge leaders and over 200 key stakeholders across Government, senior living operators, healthcare organizatio...

2020 Ends on a positive note for realty with improvement in new supply and inventory sales: PropTiger report

National, January 11, 2021: New homes supply and sales showed a significant improvement in the fourth quarter of 2020 (Oct – Dec) in line with the ongoing economic recovery with government’ initiatives and increased market confidence providing an added growth impetus. “All factors considered, the sector has shown remarkable tenacity in 2020 against unprecedented odds that have caused the eco...