The India arm of global logistics and supply chain solutions major Yusen Logistics has entered into an agreement with listed realty developer Macrotech Developers to pick up nearly 200,000 sq ft of warehousing space in Palava near Mumbai through a long-term lease agreement of over five years.The built-to-suit facility is part of Lodha Industrial &…
READ MOREShriram Properties has sold around 3.9-acre land parcel located on the GST Road in Chennai to a large healthcare and educational group in South India. The company, through its wholly owned subsidiary–SPL Shelters–owned this land parcel, currently with approvals for the development of a retail asset.ET Year-end Special ReadsThe land parcel is strategically located adjacent…
READ MOREIndia’s housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in terms of the sector’s performance across the top seven cities, led by steady economic growth and infrastructure improvements driving increased urbanization and sustained demand.The top seven cities, Mumbai, Delhi-NCR, Bengaluru, Pune,…
READ MOREMicrosoft Corporation (India) Pvt Ltd bought a prime land parcel for Rs 181.25 crore near Hyderabad from Natco Pharma Ltd, adding to its recent land acquisitions.The 121,000 square yard plot is located in the Nandigama village in Telangana, according to a sales deed shared by Propstack.The deal marks a major investment by Microsoft, reflecting its…
READ MORERealty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53…
READ MOREVastu colours for home have a significant psychological effect on people as specific colours stimulate different emotions in people. These colours are suggested based on the associated elements. It is important to have a balance of these colours in your home as these encourage creativity, bring in wealth and help lead a healthy and positive…
READ MOREInvestment and asset management firm Alta Capital has acquired over 2.5 million sq ft logistics built and fully-leased assets from IndoSpace in a deal valued at over $100 million or Rs 840 crore, said persons with direct knowledge of the development.This is one of the largest deals involving warehousing and logistics assets in India this…
READ MOREPrestige Group, a real estate development company, has acquired approximately 17.45 acres of land in Whitefield, Bengaluru, for Rs 462 crore. The newly acquired land has the potential to develop over 2.68 million square feet for a residential project, according to the company.“We are excited to expand our presence in Bengaluru with the acquisition of…
READ MOREProperty prices in India’s 8 prime residential markets firmed up further in the past one year amid a spike in the cost of construction, according to the data by online property brokerage firm PropTiger.com. Average property prices in most cities analysed experienced double-digit growth in the third quarter of 2024 (Q3CY2024) compared to the same…
READ MOREBengaluru: Embassy Office Parks REIT, the first listed real estate investment trust (REIT) in India and the largest office REIT in Asia by area, revised its leasing guidance for fiscal 2025 to 6.5 million sq ft from 5.6million sq ft, citing robust demand from corporate occupiers, including global capability centres (GCCs). In the second quarter…
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