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Real Estate

Altern Capital launches ₹250 crore real estate fund JIREF I

Altern Capital has launched its maiden SEBI-approved Category II Alternative Investment Fund (AIF), JIRAAF AU INDIA REAL ESTATE FUND — I (JIREF I). The target size of this fund is ₹250 crore initially, with an additional greenshoe option of ₹100 crore….

Gigamon expands operations in Chennai with new office

Gigamon, the US-based leader in deep observability, has opened a 76,767 sq ft office in the new Olympia Cyber Space building in Chennai. The new facility will become the second largest Gigamon office outside the company’s Santa Clara headquarters. The…

CBRE-CII Report: Realty boom in south with leasing increasing in Chennai, Bengaluru, Kochi, Hyderabad

The real estate market in the South is geared for substantial growth, driven by increasing leasing activities in Chennai, Bengaluru, Kochi, and Hyderabad. Ram Chandnani, Managing Director, Advisory & Transactions Services, CBRE India, said he attributed this growth to advancements…

MahaRERA fines over 600 housing projects in Mumbai, Pune & Nagpur for not displaying registration numbers

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken suo motu action against 628 housing projects across the state for not displaying registration number as well as QR code in the advertising materials. Collectively, these projects have been penalised ₹88.90…

Signature Global Q1 sales bookings jump 3.5 times on strong demand

Realty firm Signature Global on Sunday reported a 3.5 times jump in sales bookings to ₹3,120 crore for the April-June quarter on high demand for its housing projects. The company’s sales bookings stood at ₹820 crore in the year-ago period….

Cement volume growth expected to remain muted at 3% in Q1: ICRA

Rating agency ICRA expects cement volume growth in the June quarter to remain muted at 2-3 per cent year-on-year due to a slowdown in construction activities because of the General Elections. However, it is expected to bounce back and rise…

AP govt to supply sand free of cost, to unveil new policy next week

In a significant policy move, the Andhra Pradesh government will implement free supply of sand within a week. A decision in this regard was taken by Chief Minister N Chandrababu Naidu and the new sand policy is likely to come into effect…

Raymond board approves real estate business demerger

Raymond has demerged its real estate business into its wholly owned subsidiary under Raymond Realty. Upon completion of this demerger, Raymond and Raymond Realty will operate as separate listed entities within the Raymond Group, post all statutory approvals. Each Raymond…

Mahindra Lifespaces closes deals worth ₹2,050 cr in Mumbai, Bengaluru

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has announced the closure of two deals in Mumbai and Bengaluru worth Rs 2050 crore in gross development value (GDV). It has bagged a third redevelopment…

Bengaluru residential market sees 57% increase in average prices: ANAROCK

Bengaluru residential prices rose by 57 per cent in the last five years, owing to soaring construction costs coupled with rising investor and buyer demand, according to a report released by property consultant ANAROCK.  In the first half of the…