office realty project in Pune
Real estate developer Kohinoor Group has planned to invest around ₹750 crore to develop an over 1.8 million sq ft commercial office project, Kohinoor World Towers, in Pimpri Chinchwad of Pune. The project will be developed in two phases of 0.9 million sq ft each and the first phase with a 60,000-sq-ft retail space component is expected to be completed in 36 months. Vineet Goyal, MD, informed that the Kohinoor World Towers is being built keeping in mind the work and commercial requirements. The demand for such offices is high and certain large corporations are already in talks with the company for the space. Pimpri-Chinchwad would need about 25 million sq ft area, of which the company expects to cater 10-20% of market share. Kohinoor Group is currently in talks with certain private equity firms and other institutional investors to induct them as financial partners in this project that is expected to generate revenue of over ₹2,100 crore.
NBCC has recently signed an agreement with the External Affairs Ministry to redevelop a housing complex in central Delhi worth ₹175 crore. In this connection, the company has signed a memorandum of understanding (MoU) with MEA Housing Complex

Read more ...

Demand for home loans from country’s tier 3 and 4 cities and districts have been growing at a faster pace than the top two tier districts, including Mumbai and Delhi (NCR), while the country’s home loan market is likely to double in five years

Read more ...

In an attempt to soften the impact of the rising interest rate on home buyers, real estate developers have started to undertake mitigating measures. Realty developers including Tata Housing, Lodha Developers, and Runwal Group are stepping in to protect

Read more ...

Adding more projects to its portfolio in the realty sector, the Brigade Group has recently signed agreements for prime land parcels in Chennai and Bengaluru and will build real estate projects on both the cities. The agreement to purchase the Mount Road

Read more ...

The Chandigarh Housing Board (CHB) has decided to auction 154 properties - 101 commercial and 53 residential. All the properties are mainly in

Read more ...

Lodha Group has planned to develop a high-end residential luxury project in Pune with a small component of retail space. This project has

Read more ...

Godrej Properties has decided to develop a luxury project near Carmichael Road, an upmarket residential area in Mumbai. The new project for

Read more ...

MahaRERA is planning to revive more than 2,800 stalled and lapsed housing projects involving a staggering investment of ₹78,684 crore. It has set up a dedicated

Read more ...

The City and Industrial Development Corporation (CIDCO) has completed construction of a 12-storey residential tower with 96 flats under the Prime Minister

Read more ...

Adani Group has decided to develop real estate projects alongside its airports across the country in addition to its aeronautical and non-aeronautical terminal

Read more ...

Joyville Shapoorji Housing has planned to invest ₹700 crore in land acquisition together with exploring the option for the next round of funds. Managing

Read more ...

Singapore-based sovereign wealth fund GIC has decided to invest ₹2,800 crore in a commercial project in Bengaluru being built by the Bhartiya Group. In return

Read more ...

Gujarat government has approved four town planning (TP) schemes in Ahmedabad, Surat and Junagadh, where 15,200 low-cost housing units will be built

Read more ...

Macrotech Developers, with an aim to be a net-zero carbon company by 2035, has targeted to invest ₹3,950 crore in various sustainable residential and commercial

Read more ...

L&T Realty has entered into an agreement to jointly develop realty projects in South Mumbai on the western fringes of Mumbai and Thane entailing

Read more ...

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, via its wholly owned subsidiary

Read more ...

The Kolkata-based real estate builder, Merlin Group, has planned to develop both residential and commercial projects on an area of over 3

Read more ...

Real estate building major Sobha Developers has entered into a joint development agreement (JDA) to build a housing project in Chennai where the project pact

Read more ...

Brigade Group has signed a Joint Development Agreement to develop around 2.1 million square feet space in Chennai where the land, located at Perumbakkam

Read more ...

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has set up a dedicated team to help revive stalled and lapsed housing initiatives

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.