In the last couple of years, the demand for retail real estate in India has been vibrant. In 2023, it touched an all-time high of 7.1 million square feet across the top eight cities in India, 47 per cent higher than in 2022, as per data shared by CBRE. With this, several global luxury brands … Read more
Strong buyer confidence has kept property registrations in Mumbai above the 10,000 mark for the first six months of the 2024 calendar year | Photo: Shutterstock 2 min read Last Updated : Jun 30 2024 | 1:06 PM IST The registration of properties in the Mumbai municipal region rose 12 per cent annually in June … Read more
The families of Jamshyd N Godrej and Smita V Crishna are setting up a family council following the business realignment in April, said people with knowledge of the matter. In addition to this, the Crishna branch will set up a family office comprising Smita Crishna and her daughters Freyan and Nyrika. Nyrika, who is executive … Read more
Lodha said the rising demand for homes “is a fifteen-plus year cycle. We are only in year four and there is a long, long way ahead to go before India has real estate at its rightful share in its economic mix” | Photo: Bloomberg 2 min read Last Updated : Jun 13 2024 | 6:52 … Read more
The founding family of 127-year-old Godrej Group, which spans from soaps and home appliances to real estate, has reached an agreement to split the conglomerate, with Adi Godrej and his brother Nadir keeping Godrej Industries that has five listed firms, while cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates as well … Read more
It would require 6.4 crore more homes by 2036 to match the housing demand of India’s increasing population, according to CREDAI-Liases Foras. “The additional housing requirement by 2036 due to the population growth is 64 million in India,” read the joint report released by realtors’ apex body CREDAI, in collaboration with data analytic firm Liases … Read more
Gautam Singhania, the CMD had publicly announced his separation from his wife Nawaz Modi on November 13. In the aftermath, Nawaz Modi, also a board member, had alleged that she and her daughter were physically assaulted by Singhania in September 2023. On November 28, 2023, Institutional Investor Advisory Services (IIAS), an Indian proxy advisory firm, … Read more
A government move to protect homebuyers in bankrupt real estate projects is yet to take concrete shape given the way developers structure their projects, two people aware of the matter said. The so-called reverse bankruptcy framework was first proposed by the ministry of company affairs in a discussion paper in January. It would apply the … Read more