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[ad_1] File photo NEW DELHI: Elan Group has raised an investment of Rs 1,200 crore from Kotak Real Estate Fund, an alternative real estate investment management practice of Kotak Alternate Asset Managers. The investment will be utilized as growth capital and strengthen its presence in Gurugram. Akash Kapoor, director of the company said, “This investment […]

[ad_1] Representative image NEW DELHI: The land deal volume in India surged by 65% year on year, reaching 1,700 acres dominated by six cities i.e. Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, Pune, in the first nine months of 2024, according to a report by CBRE South Asia. During this period, over 100 land deals were closed,

[ad_1] NEW DELHI: Aditya Birla Real Estate (formerly Century Textiles and Industries) has reported net consolidated profit after tax of Rs 2.82 crore in second quarter of the financial year 2024-25. It had registered net loss after tax of Rs 32.87 crore in the corresponding quarter of the previous fiscal, the company said in a

[ad_1] Representative image BENGALURU | MUMBAI: Dalmia Nisus Finance Investment Managers LLP (Dalmia Nisus), an alternative asset manager of Nisus Finance Group, has successfully exited its investment through their Real Estate Credit Opportunities Fund – I (RECOF-I). The Fund invested Rs 40 crore in Shriram Properties’ Chirping Ridge, a planned development project along with Jain

[ad_1] NEW DELHI: Godrej Properties (GPL) has reported net consolidated profit after tax of Rs 333.79 crore in the second quarter of the financial year 2024-25. It had registered profit after tax of Rs 72.54 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company’s net consolidated

[ad_1] File photo LUCKNOW: Lucknow Municipal Corporation (LMC) is planning to introduce a new mutation charge structure, suggesting a maximum fee of Rs 15,000. This proposal will be reviewed in an executive committee meeting on Tuesday, but it may face pushbacks. Currently, mutation fees are 1% of a property’s value. For instance, a property worth

[ad_1] The properties were identified during the ongoing property assessment survey carried out by the civic body. A senior PCMC official said that the owners of 4,261 properties have paid their pending dues after they were served notices, and their properties are now registered with the civic body’s tax department. [ad_2] Source link

[ad_1] NEW DELHI: Arkade Developers plans to invest approximately Rs 570 crore to develop three acres in Bhandup, Mumbai. The company purchased this three-acre land in September 2023 for Rs 103 crore. The project called Arkade Rare will have seven towers of G+21 storey, 432 residential units along with 43 commercial units, featuring a mix

[ad_1] Representative image India’s thriving housing market faces the key challenge of a widening demand-supply gap due to a large number of stalled or unsold projects and a shortage of distressed funds, say industry leaders. They believe the government needs to create a comprehensive turnaround platform to fully unlock India’s real estate potential and ensure

[ad_1] File photo NEW DELHI: Digitally updated and transparent land records facilitate optimisation of land resources and sharing of information with various agencies for assisting in policy making and planning, Union Rural Development Minister Shivraj Singh Chouhan said on Monday. Virtually inaugurating an international workshop on the use of modern technologies in survey/resurvey of urban