WeWork India raises Rs 200 crore, Real Estate News, ET RealEstate

NEW DELHI: WeWork India has raised Rs 200 crore from investors, through a mix of debt and equity, the company said in a media release. Karan Virwani, CEO, WeWork India, said, “The new capital we have raised will help us in continuing our upwards momentum and truly explore the potential of flexible workspaces in the […]

Twenty bouncers in tow, OSB Group tells buyers project delayed, Real Estate News, ET RealEstate

GURUGRAM: After repeated requests of meeting, two representatives sent by the builder of OSB Expressway Towers, an affordable housing project in Sector 109, met a group of aggrieved homebuyers in the presence of 20 bouncers on Sunday. According to the buyers, since its launch in 2016, only 50% of the work has been completed. The […]

CPP Investments to invest Rs 1,500 crore in its JV with RMZ Corp to build office spaces, Real Estate News, ET RealEstate

NEW DELHI: Realty firm RMZ Corp has tied up with Canada Pension Plan Investment Board to develop office complexes in Chennai and Hyderabad and the latter will invest Rs 1,500 crore (USD 210 million) in the joint venture. Bengaluru-based RMZ Corp, which is one of the leading commercial real estate player, said it has entered […]

HDFC chairman’s family buys Rs 50-crore sea-view apartment in Mumbai’s Worli, Real Estate News, ET RealEstate

Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh’s family has purchased a sea-view apartment spread over 7,450 sq ft in K Raheja Corp’s super-premium project Raheja Artesia in Mumbai’s plush Worli locality for Rs 50 crore. The deal was registered in the name of his wife Smita Parekh on March 30, just a day before […]

Pandemic impact may weigh on commercial real estate recovery in US, Real Estate News, ET RealEstate

LOS ANGELES: The distribution of COVID-19 vaccines is fueling optimism that Americans will increasingly return to the ways they used to shop, travel and work before the pandemic. That would be a welcome change for companies that own office buildings and hotels, or those that lease space to restaurants, bars, department stores and other retailers. […]

New housing projects after progress on old ones, centre tell states, Real Estate News, ET RealEstate

No new affordable housing projects will be sanctioned till old ones are completed, the Centre has told the states as barely 22% of the houses sanctioned under the flagship programme have been completed. The ministry of housing and urban affairs has told the states that no new projects would be sanctioned under affordable housing in […]

Punjab-based Motia Group to invest Rs 150 crore in a residential project, Real Estate News, ET RealEstate

Punjab-based real estate developer Motia group will invest Rs 150 crore to develop a residential project in Zirakpur, adjoining Sector 20, Panchkula. Spread over 7 acres, the project will have 272 units of different composition. “With Chandigarh on the map for NRIs, the opening of properties in Zirakpur near Airport Road has provided them with […]

Power woes in colonies as 16 builders fail to pay dues, Real Estate News, ET RealEstate

GURUGRAM: Several residential colonies are facing power woes as 16 developers have failed to clear dues of over Rs 317 crore for creating infrastructure for the hassle-free electricity supply to thousands of families. The developers of these residential colonies, where around 40,000 people live at present, have failed to set up around 20 sub-stations, required […]

Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1, Real Estate News, ET RealEstate

Property markets of Mumbai Metropolitan Region (MMR) and Pune are driving the most housing sales among the country’s top seven cities as indicated by the rising contribution of these markets in total sales led by reduction in stamp duty, discounts and appropriate product strategies of developers. MMR and Pune accounted for 53% of total sales […]

Record rise in Swedish house prices raises overheating fears, Real Estate News, ET RealEstate

STOCKHOLM: The price of single family homes in Sweden rocketed 17% in the first three months of the year, data showed on Wednesday, increasing concerns that the market is overheating. The rise was a record, according to Svensk Maklarstatistik, an association of real estate agents, since it started collecting data in 2005. Apartment prices rose […]

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