NEW DELHI: Mumbai-based Godrej Properties (GPL) has acquired 43 acres land for a plotted development in sector 40, Panipat, Haryana.
This project will contain approximately 1.02 million sq ft of plotted residential development and has a revenue potential in excess of ₹1,250 crore.
This will be company’s fourth residential plotted township in North India.
Representative Image The country’s leading industrialists, promoters, and family offices are increasingly turning to trophy properties for wealth preservation and legacy building, betting on luxury real estate as a resilient asset class that offers a combination of capital appreciation, privacy, and intergenerational value. From Worli’s skyline-defining towers and the tree-lined avenues of Carmichael Road in Mumbai to sprawling colonial-era homes in New Delhi’s Lutyens’ Bungalow Zone, the real estate market in prime areas of major Indian cities has seen the ultra-wealthy close deals exceeding Rs 25,000 crore over the last three years. This is up around 90% over the previous…
BHUBANESWAR: In an attempt to streamline land administration, the state govt plans to drastically reduce the number of land classifications and ownership categories, revenue and disaster management minister Suresh Pujari said here on Tuesday. The state will bring down the existing 7,000-plus types of land classifications to just 27 categories through legislative amendments. Additionally, the govt aims to slash the current 3,000 different types of land ownership to double digits, the minister said. “This simplification will make land administration more efficient and user-friendly to the advantage of both private landowners and govt authorities,” Pujari said while speaking to the media.…
Representative Image HYDERABAD: A land auction conducted by the Telangana Housing Board on Wednesday for 18 vacant plots in Phase 7 of the Kukatpally Housing Board Colony in Greater Hyderabad saw Plot Number 22 sold for a record price of 2.98 lakh per square yard. Officials stated that this reflects the current boom in the city’s real estate sector. The Housing Board’s Vice Chairman, VP Gautam, said the auction would generate revenue of 142.78 crore. A total of 6,232 square yards across the 18 plots were auctioned, with the average price per square yard reaching 2.38 lakh. Buyers are required…
