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Nisus Finance Invests ₹115 Cr in Kumar Vibe, Mumbai & Pune

NEW DELHI: Kumar Vibe Properties, a 50:50 joint venture between Kumar Properties & Infrastructure LLP and Vibe Realty, has successfully secured an investment of ₹115 crore from Nisus Finance, marking a key milestone in its growth. The funds will be directed toward three projects in Khar West and Goregaon West in Mumbai, as well as NIBM in Pune. The residences are expected to be priced at ₹7 crore and above in Khar West, ₹3 crore to ₹4.25 crore in Goregaon West, and up to ₹1.25 crore in NIBM Pune. Collectively, these ventures will generate a total topline exceeding ₹1,100 crore.…

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Ashiana Housing Q1 FY26 Sales Surge 83% to ₹431 Crore

Certainly! Here’s a rewritten version of your content: NEW DELHI: Ashiana Housing Ltd reported an impressive 83% increase in sales bookings, reaching Rs 430.97 crore in the first quarter of the fiscal year, driven by heightened demand. In the same period last year, the company had sales bookings of Rs 235.32 crore, according to a recent regulatory filing. The firm’s sales volume during the April-June quarter amounted to 5.95 lakh square feet, compared to 4.42 lakh square feet in the previous year’s corresponding quarter. Based in Delhi, Ashiana Housing is one of India’s leading real estate developers, having recorded total…

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Lodha, Oberoi Realty Shares Drop Up to 6% After Block Deals

NEW DELHI: Oberoi Realty and Lodha Developers experienced significant block deals totaling USD 395 million (Rs 3,412 crore) on the stock exchanges, resulting in a decrease in the shares of both real estate giants by up to 6 percent on Wednesday. The transactions, conducted through open market exchanges, involved the sale of institutional stakes in each firm. In the case of Oberoi Realty, around 11 million equity shares, or 3 percent of the company’s total, were sold for USD 230 million (Rs 1,987.02 crore) at a floor price of Rs 1,753.20 per share, indicating a 4 percent discount from the…

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Kochi: Key Hurdle Cleared for Infopark Phase III Land Pooling

AI-generated Representative Image KOCHI: The development of Infopark’s proposed Phase III campus, spanning 300 acres in Kizhakkambalam panchayat, is progressing as the Local Self Government Department (LSGD) officially designated the Greater Cochin Development Authority (GCDA) as the land pooling agency for the initiative. The government previously decided to implement the Phase III project through a land pooling model and appointed GCDA as the executing agency. However, since Kizhakkambalam falls outside GCDA’s jurisdiction, the agency had to seek special approval to move forward. With the latest order from the LSGD, GCDA is now authorized to conduct land pooling in the region.…

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Future-Ready Real Estate: The Urgent Need for Smarter, Greener Practices

BY: ETStudios India’s real estate industry is at a pivotal moment, contributing approximately 7% to the nation’s GDP and projected to reach a $1 trillion market size by 2030. However, mere scale is no longer sufficient; a comprehensive reevaluation of construction practices and their environmental impact is essential. With India’s commitment to achieving net-zero emissions by 2070, sustainability has shifted from being a trend to a foundational requirement. Given that buildings account for nearly 40% of global energy consumption and a sizeable portion of emissions, the focus on the built environment is intensifying. This is not a distant concern. Policy…

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Ghaziabad Warns on 351 Illegal Colony Developments

Representative image created by AI GHAZIABAD: The Ghaziabad Development Authority (GDA) has identified 351 colonies established illegally, spanning approximately 3,000 acres in the city. Authorities urge potential buyers to avoid investing in these colonies, which have proliferated over the past 35 to 40 years, with many arising in the last decade. The number of illegal colonies noted in 2021 was 321, with 30 additional colonies identified since then. A significant issue with these colonies is that buyers, often unaware of their legality, invest in properties there, with middlemen and land sharks playing a substantial role. “We have made the names…

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Adani Group seeks approval to acquire Jaiprakash Associates

NEW DELHI: The Adani Group, led by billionaire Gautam Adani, has requested the Competition Commission of India (CCI) for approval to acquire Jaiprakash Associates Ltd (JAL). This move follows an unconditional bid made by the Adani Group for the financially troubled JAL, currently undergoing a corporate insolvency resolution process (CIRP). The notice submitted to the CCI states, “The proposed acquisition pertains to owning up to 100% of the shareholding in Jaiprakash Associates Ltd by Adani Enterprises Ltd and Adani Infrastructure and Developers Pvt Ltd or any related entity within the Adani Group.” Adani Enterprises Ltd (AEL) is the leading company…

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HCBS to Invest ₹700 Crore in Gurugram Residential Project

NEW DELHI: HCBS Developments is set to invest ₹700 crore in the Twin Horizon residential project located in Sector 102, Gurugram. The anticipated revenue for the project is ₹1,400 crore, covering a total area of 5.2902 acres. This development will include two high-rise towers, offering 268 residential units, with prices starting from ₹4 crore, alongside seven commercial units. All units will be launched as part of a single-phase development, with construction expected to span four years. The project has been designed by Morphogenesis. Published On Jul 22, 2025 at 01:00 PM IST Join over 2M+ industry professionals. Subscribe to our…

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Motilal Oswal Alternates Raises ₹2,000 Crore for Real Estate Fund

NEW DELHI: Motilal Oswal Alternates (MO Alternates), the alternative investments division of Motilal Oswal Group, has secured commitments totaling ₹2,000 crore through its sixth real estate fund – Indian Realty Excellence Fund VI (IREF-VI). This funding has been sourced from family offices, Indian high-net-worth individuals (HNIs), and overseas investors via the GIFT City channel. Approximately 75% of the fund is already allocated across 15 diverse real estate projects, covering cities such as Mumbai, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata. The fund primarily targets mid-income residential projects. The company has celebrated its first exit from IREF-VI, achieving an internal rate of…

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Punjab Increases Land Pooling Offers: Farmers Get ₹1 Lakh/Year

CHANDIGARH: Facing criticism from opposition parties and farmers, the Punjab government announced an increase in incentives under its land pooling policy on Monday. Landowners will now receive an annual compensation of ₹50,000 per acre before the government takes possession, escalating to ₹1 lakh per acre post-acquisition. Punjab Housing Minister Hardeep Singh Mundian stated that farmers would receive the first payment of ₹50,000 within 21 days of applying for the scheme, along with a letter of interest. If land development takes 2-3 years, the compensation will increase by 10% each year, Mundian shared after meeting with residents of 164 villages affected…