Ceratec Group launches Presidential Towers in Ravet, Pune, featuring 2 and 3 BHK homes across a 4.1-acre development. Offering units from 727 sq. ft. to 1031 sq. ft., the project ensures luxury with modern finishes. Strategically located, it provides easy access to the Mumbai-Pune Expressway, Hinjewadi IT hub, and top educational institutions. Amenities include a fitness centre, swimming pool, and lush gardens. Scheduled for possession in December 2025, the project sets new benchmarks for urban living, aligning with Ceratec Group's 25-year legacy of quality and innovation.Read more

BHIVE Workspace has leased 42,000 sq. ft. of Grade-A office space in Garudacharapalya, Mahadevapura, marking its second collaboration with Brigade Group. This new facility on the 7th floor of Summit B will support 1200+ seats and feature state-of-the-art amenities. "This new signing supports our strategic vision to enhance our presence across Bengaluru's key business hubs," said Shesh Rao Paplikar, Founder and CEO. BHIVE aims to expand its managed office space portfolio by an additional 1 million sq. ft. this year, projecting a revenue target of INR 348 Crore for FY 2024-25.Read more

MahaRERA's latest directive mandates developers to specify deadlines for delivering amenities in housing projects. Effective immediately, developers must include a proposed delivery date for amenities like swimming pools, gyms, and clubhouses in Annexure-I of the Agreement for Sale. For multi-phase projects, phase-wise timelines are required. Major changes to facilities or their locations need MahaRERA approval and consent from two-thirds of residents. This regulation aims to address the common issue of uncertain amenity availability and enhance transparency, holding developers accountable for their commitments to homebuyers. MahaRERA's Chairman, Shri Ajoy Mehta, emphasised the importance of clear timelines for promised amenities.Read more

On July 27, 2024, at 4:45 am, the Navi Mumbai Municipal Corporation (NMMC) responded to the collapse of Indira Niwas, a four-story building in Shahabaz Village, Belapur. By 5:00 am, rescue operations were underway with teams from the NMMC fire brigade, NDRF, and key officials including Dr. Kailas Shinde and Mr. Sharad Pawar. Two individuals were rescued and are stable, while three others were found dead. The building, housing 39 adults and 16 children, has been evacuated, with the victims' families set to receive aid from the Chief Minister's Assistance Fund.Read more

State Bank of India (SBI), India's largest lender, has achieved a major milestone by raising INR 10,000 crore through its latest infrastructure bond issuance. This marks SBI's sixth successful bond issuance, reflecting robust investor confidence and strong demand in the market. The bonds, oversubscribed by 3.6 times, offer a competitive coupon rate of 7.36% per annum over a 15-year maturity period. The funds raised will support critical infrastructure projects across sectors like transportation and energy, as well as facilitate affordable housing initiatives. SBI's initiative underscores its pivotal role in fostering economic growth and development in India.Read more

Bollywood actress Kriti Sanon has made headlines with her recent purchase of a 2,000 sq ft plot at Sol de Alibaug, a premium project by The House of Abhinandan Lodha (HoABL). Situated just 20 minutes from the Mandwa Jetty, Sol de Alibaug offers meticulously planned plots ideal for designing dream escapes. Sanon cited peace, privacy, and investment potential as key factors in her decision, highlighting Alibaug's booming tourism and strong rental yields of 4-6%. Her purchase aligns with a growing trend among celebrities, including Bollywood stars like Deepika Padukone and Ranveer Singh, who are drawn to Alibaug's charm and investment opportunities.Read more

Piramal Capital & Housing Finance has marked a milestone with its first-ever USD 100 million social loan, aimed at bolstering initiatives in affordable housing, microfinance for MSMEs, and support for women entrepreneurs. This innovative financing approach not only expands Piramal's funding base but also underscores its commitment to social impact across India. With over 4.1 million customers and a growing retail business focused on mortgages, Piramal plans to further leverage social loans to drive inclusive growth and address key societal challenges, setting a precedent for future investments in impactful financial solutions.Read more

In a major victory, the Delhi Government reclaimed nearly 15 acres of prime land in the Civil Lines area, valued at over INR 1,000 crore. The Delhi High Court's ruling enabled the eviction of residents from the Khyber Pass Hostel, who had occupied the land for over 70 years. The disputed land is part of a larger 32-acre plot worth over INR 2,000 crore, originally entrusted to the Defence Ministry. The eviction, carried out by multiple government agencies, highlights the complexities of land ownership and the importance of proper legal documentation in reclaiming public land.Read more

Suryoday Small Finance Bank has made a strategic move by acquiring 59,457 square feet of office space in the L&T Seawoods Grand Central complex, Nerul, for INR 100 crore. This acquisition, spanning 12 units across three wings, supports the bank's current operations and future growth plans. With exclusive access to over 58 car parking spaces, the new office reflects the bank's expansion strategy amidst a thriving market. The investment aligns with Suryoday's recent performance rise, reporting a 56.4% profit increase. This expansion underscores the bank's commitment to capitalizing on Navi Mumbai's robust business environment.Read more

Red Fox IT Infra, a subsidiary of Redbrick Offices, has made a notable move in Mumbai's commercial real estate sector by acquiring 22 office units in the Times Square building, Marol. Spanning 87,000 square feet, the purchase totals INR 267.5 crore (USD 33 million) and includes 88 car parking slots. This significant acquisition underscores the rising demand for office space in Mumbai, mirrored by recent high-value transactions across the city. The move positions Red Fox IT Infra strategically amid the city's thriving commercial real estate market.Read more