Real Estate Mumbai
World Bank Warns: Mumbai, Surat, and Kolkata at Severe Risk of Coastal Flooding
The World Bank's latest report highlights Mumbai, Surat, and Kolkata as highly vulnerable to coastal flooding due to rising sea levels. The urban poor are particularly at risk, and the economic toll could reach $75 billion by 2050 if no action is taken.
Real Estate
GUJRERA Suspends Aroma Heights Scheme Registration in Surat
The Gujarat Real Estate Regulatory Authority (GUJRERA) has suspended the registration of Aroma Heights, a Surat-based project, and banned its marketing, booking, and sale following the cancellation of its development permission by the Surat Urban Development Authority (SUDA).
real estate news
Baroda Rayon Corporation Secures Rs 100 Crore Loan from SBI for Real Estate Project
Baroda Rayon Corporation Limited (BRCL) has secured a Rs 100 crore loan from the State Bank of India (SBI) to fund a commercial real estate project, marking a strategic pivot from textiles to property development.
real estate news
Diamond Industry Woes Impact Surat's Real Estate Market
The slowdown in Surat's diamond industry is causing a ripple effect, affecting the city's real estate sector. New construction projects and approvals are on the decline.
Real Estate Pune
Surat Revenue Official Detained in Multi-Crore Land Cheating Case
A Surat revenue department official, Anant Patel, has been detained in connection with a massive land fraud involving plots worth Rs 2,000 crore. The case, lodged by real estate developer Azad Ramolia, involves multiple officials and a ghost company named Samruddhi Corporation.
Real Estate Pune
NDR InvIT Trust Acquires Strategic Warehouse Near Surat: A Major Move in the Real Estate Sector
NDR InvIT Trust has made a significant acquisition by securing a warehouse near Surat, further solidifying its position in the Indian real estate market. This move underscores the growing importance of warehousing and logistics in the region.