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[ad_1] Representative image NEW DELHI: Institutional investments in the Indian real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on ‘Investment in Indian Real Estate’, observing that funds’ inflow from institutional investors in […]

[ad_1] NEW DELHI: Suraj Estate Developers has raised Rs 343 crore via preferential allotment of equity shares amounting to Rs 243 crore and additional sum of Rs 100 crore via issue of convertible share warrants. The funds will be utilized for land acquisitions, working capital, general corporate purposes, and issue related expenses. Rajan Meenathakonil Thomas,

[ad_1] Representative image Realty firm Prestige Estates Projects Ltd will invest around Rs 7,000 crore to develop a township in Ghaziabad as it looks to expand business in Delhi-NCR property market. Bengaluru-based Prestige Estates is building a commercial project at Aerocity in the national capital. It has also forayed into Delhi-NCR housing market by acquiring

[ad_1] Representative image NOIDA: The Noida Authority sealed three unsold shops in the Prateek Laurel society in Sector 120 on Saturday. The action was taken after the developer, Prateek Realtors India Pvt Ltd, failed to comply with a govt order on legacy stalled real estate projects. As of Dec 31, 2023, the developer owed the

[ad_1] Representative image GURUGRAM: The department of town and country planning (DTCP) in Haryana has decided to offer architects, who issued occupation certificates (OCs) for four-storey buildings with stilt parking in violation of regulations, a chance to be heard. The director of the department, who took the decision, proposed imposing a fine of ₹2 lakh

[ad_1] File Photo HYDERABAD: Chief minister A Revanth Reddy on Saturday addressed concerns regarding the Musi rejuvenation project, stating that economic terrorists are attempting to destabilize the real estate sector and the state economy by spreading fear about demolitions by HYDRAA. “As CM, I assure genuine realtors, builders, and those with building permissions that there

[ad_1] Representative Image NEW DELHI: Godrej Properties has acquired three acres of land in Vastrapur, Ahmedabad, having a development potential of ~0.9 million sq ft of saleable area. The project comprises of residential apartments of various configurations with an estimated booking value of Rs 1,300 crore. The company recently emerged as the highest bidder to

[ad_1] NEW DELHI: Oberoi Realty has reported a growth of 29.05 per cent in its net consolidated profit during the second quarter of the financial year 2024-25. Its profit after tax stood at Rs 589.44 crore in Q2 FY25 as against Rs 456.76 crore it registered in the corresponding quarter of the previous fiscal, the

[ad_1] Representative Image NEW DELHI: India is proposing to introduce a “voluntary” group insolvency framework under the bankruptcy law. This will facilitate a joint resolution of stressed entities of a domestic corporate group, given the interconnected nature of their operations, people aware of the development said. The framework will be a part of Insolvency &

[ad_1] Representative image NEW DELHI: Realty firm Prestige Estates Projects Ltd’s sales bookings fell 43 per cent to Rs 4,022.6 crore in the second quarter of this fiscal despite strong housing demand. In a regulatory filing on Thursday, Prestige Estates informed that it recorded sales of Rs 4,022.6 crore during the July-September quarter against Rs