Swedish home furnishings giant IKEA India Private Limited has leased 37,259 sq ft of retail space at Phoenix Marketcity Mall, Viman Nagar Road, Pune, for a total rent of ₹23.54 crore for 4 years and 11 months, according to property registration documents accessed by CRE Matrix. The ground-floor space will have a starting monthly rent […]
Nikhil Nanda, chairman and managing director of Escorts Kubota Limited, and son-in-law of Amitabh Bachchan, has purchased a luxury apartment in Mumbai’s Juhu area for around ₹28 crore, according to documents accessed by Liases Foras, a non-broking real estate research and data analytics company specialising in registration data and market intelligence. The transaction was executed […]
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 […]
MUMBAI: After a gap of over 15 years, the Mumbai Metropolitan Region Development Authority (MMRDA) is preparing to auction a prime plot of land near the Wadala Truck Terminal, with a reserve price pegged at a staggering ₹1,629 crore. The 10,860 sq m plot, part of the Wadala Notified Area, will be leased to private […]
Real estate developer Ashiana Housing has launched a residential project in Jamsedpur for a revenue potential of ₹350 crore, the company said in a regulatory statement. The project Ashiana Amaya is located in Dobo. Spread over 3.86 acres with a total saleable area of 4.64 lakh sq. ft. The development will feature 230 premium apartments, […]
CaratLane founder Mithun Sacheti’s brother Siddhartha Sacheti has purchased two luxury apartments in Mumbai’s Worli area for a total of ₹160 crore, documents accessed by Zapkey showed. The apartments are located in building named Three Sixty West by Oberoi Realty. Each unit, priced at ₹80 crore, offers a carpet area of 6,130 sq ft and […]
The Confederation of All India Traders (CAIT) has estimated that trade across India on the occasion of Dhanteras is expected to cross ₹1 lakh crore, with gold and silver sales alone exceeding ₹60,000 crore nationwide. Gold necklaces at a Umedmal Tilokchand (U.T) Zaveri jewelry store at Zaveri Bazaar ahead of the festival of Dhanteras in […]
Real estate developer M3M India has announced an investment of ₹2,100 crore to develop Jacob & Co. Residences, an ultra-luxury residential project by Jacob & Co, in Noida. The project is expected to generate a topline of about ₹3,500 crore, the company said in a statement. Spread across six acres in Noida’s central business district, […]
India’s retail-focused Real Estate Investment Trusts (REITs) market is projected to become a ₹60,000–80,000 crore market by 2030, according to a report by ANAROCK. This would account for nearly 30–40% of India’s overall REIT market, which is expected to touch $25 billion ( ₹2 lakh crore) by the end of the decade. India’s retail REIT […]
Bollywood actor Sonu Sood and his son Eshaan Sood have purchased a land parcel worth ₹1.05 crore in Shirdon, Panvel, near Mumbai, according to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. Bollywood actor Sonu Sood and his son Eshaan Sood bought a land parcel worth ₹1.05 crore […]
