The Uttar Pradesh cabinet on Tuesday approved a proposal for a major reform simplifying intra-family transfers by extending the stamp duty relief to gift deeds among family members even for commercial and industrial properties. Chief minister Yogi Adityanath presided over the meeting of the UP cabinet that approved 13 proposals. (HT file) Chief minister Yogi […]
Hrithik Roshan’s father, Rakesh Roshan and his wife, Pramila Rakesh Roshan, have leased out a commercial space to Fabindia Limited for a monthly rent of ₹14.5 lakh in Mumbai, according to documents accessed by CRE Matrix. Hrithik Roshan’s father, Rakesh Roshan, and his wife, Pramila Rakesh Roshan, have leased a Mumbai commercial space to Fabindia […]
India’s Small and Medium Real Estate Investment Trusts (SM REITs) market is likely to cross $75 billion, backed by more than 500 million sq ft of eligible office, logistics and retail assets, according to a report released by CBRE South Asia Pvt. Ltd. India’s Small and Medium REITs market is set to exceed $75 billion, […]
Mindspace Business Parks REIT said on November 28 that it has acquired three central business districts commercial assets in Mumbai and Pune for ₹2,916 crore from K Raheja Corp to expand its REITs portfolio. Mindspace Business Parks REIT said on November 28 that it has acquired three central business districts commercial assets in Mumbai and […]
Sporta Technologies Private Limited (Dream11), an online gaming app, has leased multiple office spaces of approximately 1.70 lakh sq ft in the Worli area of Mumbai for over ₹334 crore, according to property registration documents accessed by CRE Matrix. Mumbai real estate update: Sporta Technologies Private Limited (Dream11), an online gaming app, has leased multiple […]
(Bloomberg) — Saudi Arabia said it’s progressing as planned with reforms that will allow foreigners to own a wide range of real estate — including in the holy cities — starting in January. Saudi Arabia real estate update: Non-Saudis will be able to buy residential, commercial, agricultural and industrial properties, in addition to acquiring land […]
Dubai-based Danube Properties, part of the $2 billion Danube Group, will develop a 55-storey commercial tower on Sheikh Zayed Road named after Bollywood superstar Shah Rukh Khan, perhaps the first tower in the world to be named after an actor. The company’s signature 1% payment plan will be available to buyers, along with a 10-year […]
Kalpataru Group has sold six built-to-suit office spaces in its commercial project Kalpataru Virtus in Mumbai’s eastern suburb of Vikhroli to global maritime firm Bernhard Schulte Shipmanagement (BSM) for ₹304.05 crore, according to documents accessed by Propstack. Kalpataru Group has sold six office floors in its Kalpataru Virtus project in Vikhroli, Mumbai, to Bernhard Schulte […]
Adani Realty and Mumbai-based listed developer Marathon Nextgen Realty Limited have partnered to develop a commercial and retail project in Byculla, Mumbai, with a gross development value (GDV) of ₹3,400 crore. The project, named Monte South Commercial, will be executed as a joint venture between Marathon Nextgen Realty and Adani Realty, spanning approximately 1.2 million […]
