Business

Noida authority, which has to recover dues of Rs 3,319 crore from the project, has asked KIAL to deposit Rs 50 crore with the authority and an agreement will be done between Supertech, KIAL and Noida authority to open an escrow account. Kotak Investment Advisor Ltd (KIAL) has agreed to invest Rs 450 crore in Supertech’s stuck project in sector 94, Noida. The company will also pay Rs 310 crore to...

India's real estate sector is experiencing an unprecedented boom, driven by rapid urbanization, economic growth, and evolving consumer preferences. As one of the fastest-growing industries in the country, real estate presents vast opportunities for investment, development, and wealth creation. However, navigating this complex and dynamic market requires more than just capital—it demands...

Investors with wealth creation as their goal continue to choose real estate over other asset classes. The growth trajectory of the real estate industry in India, along with stability and security makes it a great option to diversify the asset portfolio. However, the property market in India is greatly diversified, and there’s no single investment option for everyone. Particularly, you might be caught in...

Infrastructure DevelopmentIf there have been recent upgrades or additions to infrastructure such as roads, metro connectivity, airports, or utility services, it can make the area more attractive and convenient for residents, leading to higher property values. Economic GrowthAn upsurge in local economic activities, including the establishment of new businesses, industries, or commercial zones, can lead...

Prestige Group's project spans over 10 million sq ft of saleable area, with a projected gross development value (GDV) surpassing Rs 10,000 crore. NEW DELHI: Prestige Group has acquired 62.5 acres land in Indirapuram Extension, Ghaziabad. The cost of acquisition amounts to Rs 468 crore, along with a revenue share. The project spans over 10 million sq ft of saleable area, with a projected gross...

Mahindra Lifespace Developers is looking to focus on joint developments, housing society redevelopments, and the acquisition of land parcels on an outright basis to augment its gross development value (GDV) during this period.

Ever since the pandemic has begun to subside, people have become more judicious and mindful about what they wish to do with their money and assets. There are multiple ways in which the money can be saved for future purposes. In a recent survey however, it has been found that investing in the Real Estate sector is the favourite choice of the youth of the present times. Because of lesser risks and more...

Proptech has been the buzz word in the realty world for quite some time now, and its prominence surged in the year 2020 when the novel coronavirus hit the world leading to our increased dependence on technology. If one begins tracing the genesis of technology integrating with the property sector, some industry experts claim that the waves of digitisation began in the 1980s. But what exactly is Proptech,...

Artificial Intelligence or commonly known as AI is transforming our lives at an incredibly fast pace. From Siri and Alexa to Google Maps to recommendations on E-commerce sites or OTT platforms and a lot more, AI has been impacting our daily lives for some time. The impact of AI has further come to the fore with the popularization of ChatGPT and other generative AI tools.

an article by Rajiv Dixit, Head – Estate Masters India - Commercial India, with its vibrant business landscape and rapidly expanding economy, offers a flourishing market for commercial real estate. As the country continues to attract local and international investors, the commercial property sector has been witnessing significant growth and presenting an array of lucrative opportunities. In this...