Here’s why Hyderabad is outpacing Bengaluru in attracting Global Capability Centres

With more than 70 Global Capability Centres (GCCs) of companies such as Netflix, Eli Lilly, Costco and McDonald’s, now operating in Hyderabad, the city continues to cement its position as a global hub for enterprise innovation. Adding to this momentum, Hyderabad has reportedly attracted the GCC of French beauty major L’Oréal, the world’s largest cosmetics […]

Allahabad HC stays UP govt’s order on Sunworld City project

GREATER NOIDA: The Allahabad High Court has stayed Uttar Pradesh government’s order that approved interest waivers and other benefits to realty firm Sunworld City in its 414,000 square metres mixed-land use township located in Sector 22D along the Yamuna Expressway. Yeida argued that the government had ignored the high court’s 2012 directions, ordered lease execution […]

HC orders fresh check on ‘illegal flat’ claim that split Marlboro House Society in Pedder Road

MUMBAI: The Bombay High Court has ordered a fresh verification of whether a small premises inside the historic Marlboro House Cooperative Housing Society on Pedder Road can legally be treated as an independent flat, a question that has fuelled a bitter divide among the Art Deco building’s residents. HC orders fresh check on ‘illegal flat’ […]

NCRTC finalises ₹15,000 cr DPR for Namo Bharat RRTS linking Gurugram, Faridabad and Noida

Gurugram: The National Capital Region Transport Corporation (NCRTC) has finalised the detailed project report (DPR) for the proposed Namo Bharat RRTS project, connecting Gurugram, Faridabad, and Noida at an estimated cost of ₹15, 000 crore. Initially, 10 six-coach trains will operate on this route, with a total carrying capacity of 1,928 passengers per train, including […]

Urban Vault strengthens GCC push, secures leases from three Japanese firms for 21,000 sq ft of office space in Bengaluru

Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, Nachi, Pioneer, and Komatsu, in Bengaluru, leasing 21,000 sq ft of office space to them, the company said on December 7. Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, […]

SC greenlights conditional OCs in Noida’s Sector 150; What it means for Sports City projects

In a major relief for thousands of homebuyers awaiting possession since 2014, the Supreme Court has directed the Noida Authority to issue conditional occupancy certificates for housing projects in Sector 150 under the Sports City scheme, and to allow registries wherever developers have complied with building norms. In its order dated November 24, a bench […]

Think you profited from your property investment? Here’s why a price jump isn’t always a real gain

A home bought years ago may now be worth crores, but most buyers rarely calculate the true lifetime cost. stamp duty, maintenance, repairs, property tax, interest outgo, or compare it with the returns their money could have earned elsewhere. Homebuyers suffer from a common ‘optical illusion’ in real estate: looking only at the sale price […]

Maharashtra govt grants full legal validity to digitally signed land records, here’s what you should know

The Maharashtra government’s Revenue Department announced on December 4 that it has accorded legal validity to digitally issued land records, including documents such as 7/12 and 8A land title extracts, as well as mutation records. The initiative was announced by Maharashtra Revenue Minister Chandrashekhar Bawankule. Maharashtra government’s Revenue Department has accorded legal validity to digitally […]

Sanjali Bajaj purchases a luxury apartment in Mumbai’s Worli for ₹66 crore

Sanjali Bajaj, daughter of Sanjiv Bajaj, chairman and MD of Bajaj Finserv Limited, has acquired a ₹66 crore luxury apartment in Mumbai’s Worli area, according to property registration documents accessed by Zapkey. Mumbai real estate update: Sanjali Bajaj, daughter of Sanjiv Bajaj, chairman and MD of Bajaj Finserv Limited, has acquired a ₹66 crore luxury […]

Brokerage firm Sharekhan Ltd sells office space in Mumbai’s Dadar for ₹45 crore

Indian stock broking firm Sharekhan Limited has sold an office space in Mumbai’s Dadar area for ₹45 crore, according to property registration documents accessed by CRE Matrix. Mumbai real estate update: Indian stock broking firm Sharekhan Limited has sold an office space in Mumbai’s Dadar area for ₹45 crore.(Representational Image) (Unsplash ) The company had […]