Category: Latest Stories

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CommercialLatest Stories

Thiruvananthapuram: Technopark QUAD Project Gains Clearance

THIRUVANANTHAPURAM: The QUAD project—an integrated IT and office campus at Technopark in the capital—has received formal environmental clearance. This development will be located in Technopark Phase IV at Pallipuram and will feature a green IT building covering a total area of 8.5 lakh sq ft. Sources indicate that the tender evaluation process for selecting a co-developer to construct the buildings has been completed, with five companies participating in the bidding. Currently, one company’s estimate is still under review. The project aims to blend IT innovation, commercial vibrancy, and sustainable design. It is designed as a live-work-play campus, providing IT professionals…

CommercialLatest Stories

Embassy REIT buys Bengaluru office for ₹8,520 million

NEW DELHI: Embassy Office Parks REIT has signed definitive agreements to acquire a 0.3 million sq ft office property within Embassy GolfLinks Business Park in Bengaluru. The transaction is valued at ₹8,520 million. This grade-A asset is completely leased to a leading global investment firm, ensuring long-term cash flow visibility. The acquisition yields a net operating income (NOI) of approximately 7.9%, which is favorable compared to the REIT’s trading cap rate of 7.4% in Q2 FY2026, according to the company. Amit Shetty, CEO of the company, stated, “With a fully leased, long-term asset backed by a prominent global investment firm,…

CommercialLatest Stories

HRX Digitech LLP Acquires 4 Commercial Units for ₹10.90 Cr in Mumbai

NEW DELHI: Rakesh Roshan and his son Hrithik Roshan’s company, HRX Digitech LLP, has acquired four commercial units in Andheri West, Mumbai for ₹10.90 crore, according to property registration documents examined by Square Yards. All transactions were registered in November 2025 at Yura Business Park Phase 2. The first property, valued at ₹3.42 crore, features a carpet area of 79.15 sq meters (852 sq ft) and includes two car parking spaces, incurring a stamp duty of ₹20.54 lakh and registration fees of ₹30,000. The second unit was acquired for ₹2.19 crore. It has a carpet area of 50.63 sq meters…

CommercialLatest Stories

Kartik Aaryan’s Parents Purchase Mumbai Office for ₹10.8 Crore

NEW DELHI: Kartik Aryan’s parents have purchased an office unit in Mumbai’s Vile Parle for ₹10.83 crore, as reported by Zapkey. The transaction took place in November, with a stamp duty of ₹65 lakh paid. This property, sold by Notan House, features a carpet area of 1,228 sq ft and includes two parking spaces, as per the documentation. Notandas Realty was the developer of Notan House. Published On Dec 3, 2025 at 10:36 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Everything about…

IndustryLatest Stories

Mahindra Lifespaces to Revamp Matunga Residential Project

Representative AI image NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group’s real estate and infrastructure development sector, has been appointed as the development partner for a residential redevelopment project in Matunga, Mumbai. The project covers approximately 1.53 acres and boasts a gross development value of around ₹1,010 crore. According to its investor presentation, Mahindra Lifespaces plans to execute a bottom-up strategy that includes several new launches and ongoing projects through FY30. Projected new launches are expected to represent 50–75% of annual execution in the next five years, with an increase from ₹2,804 crore in FY25 to ₹9,500…

IndustryLatest Stories

Address Maker Raises ₹200 Crore from AI Growth Partnership

NEW DELHI: Address Maker, based in Bengaluru, has announced a partnership with AI Growth. Under this alliance, AI Growth, via its affiliated companies, will provide a rolling capital framework of ₹200 crore to assist Address Maker in land acquisitions, joint development agreements (JDA), and project financing needs. Khushru Jijina from Address Maker remarked, “Our company has successfully delivered 6.7 million sq ft of residential apartments, villas, commercial spaces, and plotted developments in Bengaluru, with an additional 5.2 million sq ft currently in the pipeline.” Published On Dec 3, 2025 at 10:15 AM IST Join a community of over 2 million…

InfrastructureLatest Stories

Cuttack to Demolish All Unsafe Buildings, Says Odisha Minister

Representative AI image BHUBANESWAR: On Tuesday, Housing and Urban Development Minister Krushna Chandra Mahapatra informed the assembly that all unsafe buildings identified in Cuttack will be demolished to mitigate potential hazards and ensure public safety. In response to a written query during the winter session, Mahapatra stated, “A special committee has been formed to evaluate the structural integrity of buildings across all 59 wards under the Cuttack Municipal Corporation (CMC).” The committee is conducting surveys to assess the structural safety of buildings in the ancient urban landscape, which features numerous aging and potentially unsafe structures. “The survey will yield a…

IndustryLatest Stories

Bhasyam Developers Acquires Chennai Plot from Standard Chartered for ₹1,200 Crore

Representative AI image Realty developer Baashyaam Group has successfully purchased the renowned 5.5-acre Standard Chartered Bank property located in Nungambakkam, Chennai, for approximately Rs 1,200 crore. This marks it as the largest recorded land transaction in the city’s recent history, according to insiders involved in the deal. “The centrally positioned land is set to be redeveloped into a luxury residential and retail-focused project, driven by substantial demand, the strategic location, and the size of the property,” mentioned a source. This acquisition is expected to boost Chennai’s luxury housing market, which is facing significant supply constraints as prime land parcels in…

IndustryLatest Stories

Panel urges rapid courts for swift insolvency resolutions

The parliamentary standing committee on finance has urged the government to establish special fast-track courts temporarily while also increasing the capacity of the National Company Law Tribunal (NCLT) to address extensive case backlogs and facilitate the rescue of insolvent companies. Led by senior BJP leader Bhartruhari Mahtab, the panel has proposed an advance ruling mechanism akin to that used in the goods and services tax framework. This would provide greater certainty and help prevent disputes after litigation under the Insolvency and Bankruptcy Code (IBC). The committee presented a report titled “Review of Working of Insolvency and Bankruptcy Code and Emerging…

CommercialLatest Stories

IL&FS HQ in BKC may see 25% valuation increase

MUMBAI: IL&FS is set to pursue new valuations for its headquarters located in the Bandra Kurla Complex (BKC). A 25% increase in its current valuation is anticipated following approval from the National Company Law Tribunal (NCLT) to consider the recent surge in Mumbai’s real estate market, according to a source familiar with the situation. The tribunal has mandated Brookfield Asset Management, the global institutional investor, to renew the performance guarantee originally submitted during the bidding process for the property in 2022. “The existing valuation of ₹1,722 crore was established in 2024, and new valuations are projected to be between ₹2,000…