real estate news
JAL Insolvency: Lenders Reject Jaypee Infratech's Bid, Five Others Submit Plans
Lenders of Jaiprakash Associates Ltd (JAL) have rejected Jaypee Infratech's bid to acquire the bankrupt company. Five other companies have submitted resolution plans, including Adani Enterprises, Vedanta Group, and Dalmia Bharat Cement.
Real Estate
GMRL to Develop Commercial Hubs Along Metro Expansion Route for Financial Viability
Gurugram Metro Rail Ltd (GMRL) is set to approach the Haryana government to allocate land parcels for commercial development along the new metro alignment. This move aims to enhance the financial sustainability of the project through transit-oriented development (TOD) and diversify revenue streams.
real estate news
JP Morgan Leases 1.16 Lakh Sq Ft in Sumitomo’s BKC Tower for ₹7 Crore Monthly Rent
US-based financial services giant JP Morgan has secured a 1.16 lakh sq ft lease in a commercial tower being developed by Goisu Realty in Mumbai’s Bandra Kurla Complex (BKC), with a starting monthly rent of ₹6.91 crore.
Real Estate
Delhi to Meerut in Minutes: How the Namo Bharat Corridor Will Transform Property Prices
The Namo Bharat Regional Rapid Transit System (RRTS) connecting Delhi to Meerut is set to revolutionize regional real estate. With shorter travel times and strategic Transit-Oriented Development (TOD), property prices in these areas are expected to soar.
Real Estate Mumbai
Hines and Sumitomo Launch Luxury Condo Project in Mumbai's Powai
US-based Hines and Japan's Sumitomo Corp. have formed a joint venture to develop a luxury condominium project in Mumbai's high-value Powai locality. This marks Hines' entry into the Mumbai residential market.
Real Estate Mumbai
MMRDA Allocates BKC Plots to Sumitomo and Brookfield for Rs 3,840 Crore
The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated plots in BKC to Sumitomo and Brookfield for Rs 3,840 crore, with plans for mixed-use and office developments, including a luxury hotel.