Of Gross Office Leasing in last 2 Yrs, GCCs share at 37%, Bengaluru tops with 24 mn sq. ft.: ANAROCK
There has been a growing presence of the GCCs of multinational companies in Indian office space market since the last few years. While the top 7 Indian cities are currently on the top radar of these companies for leasing, the government’s…
Luxury vs. Affordable Housing: What’s Trending in South India’s Top Cities?
The real estate industry in South India has seen significant transformation in recent years, with consumers’ preferences obviously moving from affordable to upscale housing. This pattern is evident in major cities such as Bengaluru, Chennai, and Hyderabad, where sales have…
New housing launch falls 11% in Q3; sales down 18% in top 9 cities: PropEquity
New housing launch and sales in the third quarter of Calendar Year 2024 in top 9 cities showed a decline of 11% and 18% respectively, according to a data by real estate data analytics firm PropEquity. The NSE-listed firm said…
CMDA to Introduce Deemed NOCs for Highrise Buildings
The Chennai Metropolitan Development Authority (CMDA) is set to introduce deemed No Objection Certificates (NOCs) for highrise buildings (HRBs), particularly those over five floors or 18 meters tall. This initiative aims to streamline the approval process, which has been a…
Metro Rail Tunneling in Royapettah Set to Begin in September
Metro rail tunneling in Royapettah, one of Chennai’s most congested central areas, is expected to start in September. Officials announced that a tunnel boring machine (TBM), currently completing its task near the Adyar River, will be redeployed to Royapettah. This…
Certus Capital Finalises Over Rs 400 Crore in Real Estate Investments
Certus Capital has completed investments worth over Rs 400 crore through three real estate funding transactions, as part of its plan to invest Rs 1,000 crore in India’s real estate sector for 2024-25. The company recently invested around Rs 125…
Arihant Foundations Announces Major Investment in Bengaluru and Chennai
Arihant Foundations and Housing, a Chennai-based real estate developer, is set to invest Rs 650 crore in its home city Chennai and Bengaluru in the upcoming fiscal year 2025. Spearheaded by Managing Director Kamal Lunawath, this investment marks a strategic…
Commencement of Construction for Chennai Metro Line-3 by Sam India Builtwell
Sam India Builtwell has commenced construction on the 45.4 km Chennai Metro Line-3, connecting Madhavaram Milk Colony and SIPCOT via 49 stations, following in the footsteps of URC Construction’s recent activity. Groundbreaking Ceremony at Indira Nagar Station In a significant…
URC Starts Work on Chennai Metro Line-3 Package UG-03
URC Construction has initiated construction work on Chennai Metro Line-3’s Package UG-03, starting with the Thousand Lights Crossover. This segment, connecting KMC to Royapettah, marks a significant milestone for the project. Under a subcontract from Rail Vikas Nigam (RVNL), URCC…
Enforcement Directorate Conducts Searches at India Cements Offices in FEMA Probe
The Enforcement Directorate (ED) has initiated searches at the offices of India Cements Ltd., a prominent Chennai-based cement manufacturer, as part of an investigation into foreign exchange violations under the Foreign Exchange Management Act (FEMA), according to official sources on…