Author: RM Bureau

Fractional ownership providing boost to Commercial Real Estate

If this pandemic has accomplished something, it has forced us to reconsider how we make financial decisions, especially how we save and invest. As if wage cuts and layoffs weren’t bad enough, many people lost their stock market savings in 2020, and some had to split their fixed deposits or sell property to get their money. The question is how to make a pandemic-proof and reliable investment ...

L&T Construction secures (Major*) Green EPC Order to establish one of the World’s Largest Solar PV Plants by Capacity

1.5 GW Sudair Project is the largest Solar PV Plant in Saudi Arabia with PPA signed Delhi, April 09, 2021: The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured a turnkey EPC Contract, from the consortium of ACWA Power and the Water and Electricity Holding Company (a subsidiary of the Public Investments Fund of Saudi Arabia (PIF)), for Sudair Solar ...

Greenply launches its new brand campaign ‘E-0 chuno, Khulke Saans Lo’

~ Designed by Ogilvy, the campaign aims at creating awareness on the risks involved in Formaldehyde emission from plywoods ~ Mumbai, April 2021: Greenply Industries Limited, India’s largest interior eco-friendly infrastructure company with over 30 years of experience in manufacturing a comprehensive range of plywood, decorative veneers, flush doors, and other allied product has launched its brand ...

Runwal Group ushers in world class living with the launch of ‘Broadway’

A new tower at project Runwal Avenue in Kanjurmarg Mumbai, April 09, 2021: Runwal Group, one of India’s leading real estate developers announced the launch of a new tower ‘Broadway’ in their project Runwal Avenue at Kanjurmarg East, Mumbai. Intended to offer a world class lifestyle inspired by international standards, it will offer a smart lifestyle with a blend of connectivity, conveniences and c...

A-Class Marble’s innovative efforts to give back to the design community

A-Class Marble, one of India’s largest importers of exquisite marble and stone from all over the world has completed fifteen years in the marble industry. They would like to express their deepest gratitude and wish to give back to the design community. In an endeavor to celebrate and support their patrons and the design industry as a whole through these testing times, A-Class Marble launched a vir...

ReNew Power Announces Commitment to Achieving Net-Zero Emissions by 2050

New Delhi, India, April 8, 2021: ReNew Power (“ReNew” or “the Company”), India’s leading renewable energy company, today announced its commitment to achieving net-zero greenhouse gas emissions by 2050.  With this commitment, ReNew Power aims to help address the global climate crisis and lead the way in the world’s transition to a low carbon economy. ReNew’s pledge aligns with the ‘Race To Zero’ ca...

Amid second wave of Covid-19, Real Estate sector pinning hopes on Gudi Padwa as offers galore

The second wave of COVID-19, which has hit India is causing a wide surge of infections. After the discontinuation of stamp duty benefit by the Maharashtra Government, the real estate sector which witnessed a strong revival in the last two quarters will now pin hopes on the auspicious occasion of Gudi Padwa to keep the sales momentum going. Here are a few offers by real estate developers to look fo...

It would have helped if the sector received benefit from MPC: Realtors

The Reserve Bank of India (RBI) has maintained the policy rate at 4% and voted unanimously to keep the status quo with an accommodating stance. The marginal standing facility and bank rate remained at 4.25 per cent, while the reverse repo rate remained at 3.5 per cent. The majority of experts predicted that the RBI will preserve the status quo in the face of a rise in COVID-19 cases in the country...

Technology redefining real estate paradigms in India

8th April 2021: Technology has redefined every sector and real estate is no exception. The COVID-19 pandemic has accelerated digitization and disrupted conventional business models. Amid work from home, technology has emerged as a panacea to sustain the momentum. The face-to-face meetings have paved the way for virtual sessions over Skype and Zoom; in-store shopping has given way to video shopping...

Housing sales in 2021 likely to reach 2019 figures – CREDAI

If level of pandemic remains under control April 7, 2021: Today’s conference themed : CREDAI Version 2: “Reboot and Restrategize” addressed by Mr. Harsh Vardhan Patodia, President; Mr. Satish Magar, Chaiman, Mr. Boman Irani, President Elect; Mr. Pankaj Goel, Secretary, discussed  key aspects  that are required to transform the Indian Real Estate Landscape in the coming year. The real estate indust...

Realtors expected more from RBI MPC

The RBI has maintained its accommodative stance until it sees an appropriate time to drive economic growth without jeopardizing its key goal of taming inflation. With the recent increase in Covid 19 incidents, the Apex bank is faced with the challenging task of balancing inflationary pressures to avoid a rise in borrowing costs. To keep inflationary pressures in check and sustain financial stabili...

Signum Hotels & Resorts and Leading Global IPC IQI Announce Joint Venture To Promote Domestic Tourism In The Post Covid India

Plan an investment of USD 150 Million in developing hospitality assets across India, and globally New Delhi, 7 April 2021: Signum Hotels & Resorts Pvt. Ltd, a hospitality brand operating hotels in India as well as overseas, today announced a strategic joint venture with the leading real estate player, IQI India. The joint venture committed an investment of USD 150 Million in developing hotel a...

LIXIL Goes ZERO – International Fittings Business Accelerates Commitments to Carbon Neutrality

Plants in China, Vietnam and Mexico join other fittings plants in achieving carbon neutral production Delhi, India – LIXIL Group Corporation (“LIXIL Group”, TSE Code: 5938), maker of pioneering water and housing products, announced that its fittings plants in Danang (Vietnam), Jiangmen (China) and Monterrey (Mexico) are now carbon neutral. The move means that all eight plants in LIXIL Internationa...

Vedanta’s ‘waste to wealth’ programmes foster local MSMEs in rural Odisha and Chhattisgarh

Over a hundred brick manufacturing MSMEs supported with fly ash and delivered free of cost to their doorsteps. More than 90% of fly ash generated at Vedanta’s Alumina Refinery in Lanjigarh finds usage in brick manufacturing. Vedanta’s ‘waste to wealth’ programme seeks to create employment, promote entrepreneurship and develop enterprise around industrial by-products, creating circular economy. New...

NAREDCO welcomes DDA Green Development Area Policy to boost green development and curb pollution in Delhi

. Investors should be able to monetise their land investment . Fastrack approval system to make the policy a success story for all . Policy to curb rising pollution in the NCR region . To boost planned and sustained development in the capital . Higher FAR required to provide more housing units for increasing population New Delhi, 6th April 2021: With the Delhi Development Authority (DDA) has propo...

Realtors plan precautionary measures at construction sites

With daily surge in Covid-19 cases in Maharashtra, the State Government has imposed new guidelines with regards to the continuation of construction activity. Here are the guidelines: a) Construction to be allowed only for sites where labourer’s are living on site. Movement to and fro from outside must be avoided, except for the purpose of material movements. b) Every one engaged in the activ...

GIZ’s Her&Now Project partners with Mann Deshi Foundation to support Maharashtra’s women entrepreneurs

New Delhi, 6th April 2021– In its silver jubilee year now, the Mann Deshi Foundation has been working for the empowerment of women in rural as well as urban areas. The Foundation works towards making women entrepreneurs financially literate and provides them business training in order to help them start their own businesses. The Foundation’s new partnership   with GIZ aims to help women entr...

1OAK felicitates channel partners for roaring success of ATMOS; provides AR preview of next project

Highly-acclaimed and International realtor 1-OAK, having made their debut in India with  ATMOS, a new age residential project in Gomti Nagar, today expressed their gratitude to all the channel partners for their crucial contribution in making their first project in India a big success in an event at Fairfield Marriott, Lucknow. The senior management also felicitated the participating channel agenc...

Office leasing to increase by 25 per cent in 2021

In the past, the return on housing assets was usually adequate, if not exceptional, depending on the location, configuration, facilities, and builder’s brand. Though rental yields for residential assets in India have traditionally been low, most real estate investors considered capital appreciation for being a sufficiently dynamic prospect. However, after the pandemic, investors with the fin...

Omaxe Royal Residency organizes free COVID vaccination camp

Omaxe Limited and Department of Health and Family Welfare Ludhiana jointly organized the camp Vaccine shots given to 200 people above the age of 45 Ludhiana: A free of cost COVID-19 vaccination camp was organized at Omaxe Royal Residency located on Pakhowal Road in Ludhiana for Residents and Society Staff at the Royal Club of Omaxe Royal Residency. At the camp, 200 people got the vaccine shots as ...

Manoj Gaur, CMD Gaurs Group is CREDAI National’s Vice President for North

New Delhi, April 02, 2021: The Confederation of Real Estate Developers’ Associations of India (CREDAI) has announced Manoj Gaur, CMD Gaurs Group as CREDAI National’s Vice-President, North India for the term of 2021-23. The new office-bearers and chairman of various committees for the FY 2021-23 include Satish Magar, Chairman; Harsh Patodia, President ; Boman Irani, President elect;  Pankaj Goel, S...

With infra push, Mumbai’s central suburbs becoming the most preferred choice of homebuyers

This year’s Union Budget 2021-22 announced by the Finance Minister has tried to revitalize the infrastructure space in India which will have a multiplier effect on the Indian economy and help it stay on the path of growth. Just after the Centre, the State Government too in their budget laid a strong emphasis on infrastructure. The prominence given to urban infrastructural development through the e...

Aparna Constructions to launch 8 new residential properties in 2021; unveils its 58th residential project- ‘Aparna Sarovar Zicon’

~ Aparna Sarovar Zicon, a luxury gated community located at Nallagandla, Hyderabad, marks the company’s 55th project in the state and 8th project in the Nallagandla area ~ New Delhi, 01st April, 2021: Aparna Constructions & Estates, one of the leading real estate developers in the country, announced that they will be launching eight new residential projects this year including the brand’s 58th...

Pacific Mall, Delhi brings Full power food with Dhansoo Café

Pacific Mall, Tagore Garden, brings another reason for the millennial to rejoice in the company of good food, and lovely music at the newly launched Dhansoo Cafe. Dhansoo cafe represents a multi-faceted expression from a vibrant and colorful place, to the coolest café for social meet-ups, to everyone’s favorite bar or a charming dining restaurant. It has the perfect setting, or a personal space, w...