Real Estate Mumbai
Adani Group Eyes 4 Prime Sahara Properties: A Strategic Move in Real Estate
The Sahara Group, embroiled in a long-standing legal battle, has approached the Supreme Court to sell 88 of its prime properties to the Adani Group. This move, aimed at settling outstanding dues, includes significant assets in Mumbai, Maharashtra, and Lucknow.
real estate news
Adani Group Eyes Prime Sahara Properties: A Strategic Move in Real Estate
The beleaguered Sahara Group has approached the Supreme Court to sell 88 of its prime properties to the Adani Group for approximately ₹12,000 crore. This move aims to settle outstanding dues to investors. Here are four key properties that could change hands.
Real Estate Mumbai
ADIA-backed Entity Acquires Thane’s Viviana Mall for Rs 1,900 Crore
Lake Shore India Advisory, backed by ADIA, has acquired Thane’s Viviana Mall for Rs 1,900 crore, marking a significant transaction in India’s retail real estate sector.
Real Estate
Godrej Properties Secures 7.82-Acre Land in Hyderabad for Rs 547.75 Crore
Godrej Properties has emerged as the highest bidder in an e-auction conducted by the Telangana Housing Board, securing a 7.82-acre plot in Kukatpally, Hyderabad, with an estimated revenue potential of Rs 3,800 crore.
Real Estate
Bengaluru Real Estate: PES Acquires Prime Properties for ₹110 Crore in Sadashiva Nagar
People's Education Society (PES) has purchased two high-value properties in Bengaluru’s upscale Sadashiva Nagar area for a total of ₹110 crore, signaling a strategic expansion in the city's real estate market.
Real Estate Mumbai
JM Financial Acquires 1.4 Lakh Sq Ft Commercial Space in Mulund
JM Financial has made a significant move in the real estate market by acquiring 1.4 lakh square feet of commercial space in Mulund, Mumbai. This acquisition is part of a larger trend of corporate investments in prime commercial properties.
Real Estate
JM Financial Acquires 1.4 Lakh Sq Ft Commercial Space in Mumbai's Mulund from Prestige Estates
JM Financial Products Ltd has acquired 1.4 lakh sq ft of commercial space in the Prestige Trade Centre in Mulund, Mumbai, for an estimated market value of ₹149 crore. This acquisition is part of a court settlement linked to the restructuring deal when Prestige Estates took over the project from Aristo Realty.
real estate news
G Square Group Acquires 714-Acre Township Project in Coimbatore for ₹707 Crore
Chennai-based real estate firm G Square Group has acquired a 714-acre project from Rakindo’s Kovai Hills project in Coimbatore for ₹707 crore. The project, now rebranded as G Square Seven Hills, will be developed as an integrated township.
Real Estate
NCW Prime Offices Fund Secures 3 Lakh Sq Ft Commercial Property in Delhi for ₹750 Crore
Prime Offices Fund (PRIME), managed by Nuvama and Cushman & Wakefield, has acquired a 3 lakh sq ft operational commercial property in South Delhi's Saket for around ₹750 crore from a Kotak-led consortium.
real estate news
Four Corners Property Trust Secures $2.9M Acquisition of Chuy's Property
Four Corners Property Trust (NYSE:FCPT), a leading real estate investment trust, has acquired a Chuy's property for $2.9 million, further expanding its portfolio in the restaurant sector.
Real Estate Pune
Vibe Realty Expands Presence in Pune and Mumbai with Two New Property Acquisitions
Vibe Realty, a prominent player in the Indian real estate market, has announced the acquisition of two new projects, further solidifying its footprint in the bustling cities of Pune and Mumbai. This strategic move underscores the company's commitment to expansion and delivering high-quality properties to discerning buyers.
Real Estate Mumbai
Rishabraj Developers Acquires Prime 3.8 Acre Land in Borivali West for Rs 539 Crore
Mumbai-based Rishabraj Developers has made a strategic move by purchasing four adjoining land parcels in the bustling Borivali West area for a substantial sum of Rs 539 crore. This acquisition marks a significant milestone in the company's growth and expansion plans.
real estate news
Adani Group Subsidiary Secures Prime 48,000 Sq Ft Land in South Mumbai
Adani Group's real estate subsidiary has made a significant move by acquiring over 48,000 square feet of land in the prestigious South Mumbai area, signaling a strong vote of confidence in the local real estate market.
Real Estate Pune
Casagrand Millenia Expands in Pune with Major Land Purchase in Wagholi
Casagrand Millenia, a prominent real estate developer, has made a significant move by acquiring a piece of land in Wagholi, Pune, for Rs 126.04 crores. This strategic acquisition is set to bolster the company's presence in the bustling real estate market
Real Estate
DLA Piper Advises OFI Invest Real Estate on Major Logistics Property Acquisitions
DLA Piper, a leading global law firm, has provided legal counsel to OFI Invest Real Estate on the acquisition of two significant logistics properties. The firm's expertise in real estate management, including fund management, investment, property developm
real estate news
Godrej Family Acquires Property in Mumbai's Prestigious Juhu Area
The recent acquisition by a Godrej family-owned entity in Juhu underscores the persistent interest in Mumbai's real estate market. This move highlights the family's strategic investment in prime locations and their long-term commitment to the sector.
Real Estate
Amitabh and Abhishek Bachchan's Real Estate Ventures in 2024 Exceed ₹100 Crore
Amitabh Bachchan invested over ₹76 crore in the Mumbai real estate market, while Abhishek Bachchan invested over ₹30 crore, according to SquareYards data. The father-son duo's combined investments in residential and commercial properties crossed the ₹100
real estate news
M3M India Acquires Prime Noida Plot for Rs 400 Crore
M3M India has made a significant move in the real estate sector by acquiring a 24,000-square-metre plot in Noida for Rs 400 crore. This acquisition marks the company's third project in the city, aiming to expand its footprint to 7.5 million square feet.
real estate news
M3M India's Strategic Move: Acquiring a Major Plot in Noida
M3M India, a leading real estate firm, has acquired a significant 24,000-square-metre plot in Noida, marking its third project in the region. This strategic move, costing Rs 400 crore, underscores the company's commitment to Noida's real estate developmen
real estate news
Clarifying Capital Gains on Real Estate: Possession as Acquisition Date
The author recommends that the Finance Minister consider adding a clarification to treat the date of possession as the date of acquisition for under-construction properties under Sections 54 and 54F to ease litigation and provide clarity to taxpayers.