UAE’s Arada launches $2.2 billion Masaar project in Sharjah – ET RealEstate

DUBAI: A United Arab Emirates real estate developer launched an 8 billion dirham ($2.2 billion) upmarket, gated community project on Sunday in the emirate of Sharjah. The announcement comes as fewer projects are being launched in neighbouring Dubai, where the real estate sector is in a deep downturn caused by excessive development over the past […]

Secunderabad: 264 dwellings inaugurated in Sairam Nagar & Gandhi Nagar – ET RealEstate

HYDERABAD: Houses built under the state government’s dignity housing project were handed over to beneficiaries. On Friday 264 dwellings in Sairam Nagar and Gandhi Nagar were inaugurated, both areas are located in Secunderabad Cantonment Board(SCB). Out of the total houses, 200 houses located in Gandhinagar were built with Rs 15.50 crore and Sairam nagar Rs […]

UP-RERA allows JAL to complete Jaypee Greens Knight Court with buyers’ support – ET RealEstate

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has allowed Jaiprakash Associates (JAL) to complete the long-stalled work of the project Jaypee Greens Knight Court in co-operation with Association of Allottees namely, ‘Knight Court Social Welfare Association’ within 15 months. The total cost of completing the remaining work of this project comes to […]

After a decade, TNHB to again sell housing plots in Chennai’s suburbs – ET RealEstate

CHENNAI: The Tamil Nadu Housing Board (TNHB) is returning to its core housing plots vertical again on the city’s peripheries. Decades after focusing on building tenements in and around Chennai, the state owned board will be launching a slew of layouts on the outskirts. Nearly 200 housing plots at Ponneri will be the first of […]

Co-working startup Inspire Co-Spaces raises $4 million in seed funding – ET RealEstate

MUMBAI: Co-working and flexible office space provider, Inspire Co-Spaces, raised $4 million in seed funding from angel investor Ashish Chandna. The funds will be utilised to support the startup’s expansion and future plans. Inspire Co-Spaces has office spaces in Mumbai Metropolitan Region’s key micro markets of Andheri, Goregaon, Navi Mumbai and Thane. The company is […]

Gujarat second in PMAY-Urban funds availed – ET RealEstate

AHMEDABAD: Gujarat has emerged as a prominent beneficiary under the Centre’s Pradhan Mantri Awas Yojana (Urban) as the state has received the second-highest central assistance after Uttar Pradesh. Out of the total Rs 13,899 crore sanctioned, central assistance worth Rs 9,717 crore has been released to Gujarat under PAMY (U) as on January 25, 2021, […]

Sonipat: 7,000 buyers in 15-year wait for plots at TDI City Kundli township – ET RealEstate

GURUGRAM: They’ve been waiting for 15 years but over 7,000 plot buyers of TDI City Kundli, a residential township project in Sonipat, say they still have no idea when they will get possession of the piece of real estate they bought, if at all they do. They allege that the developer has not yet demarcated […]

Jaipur development body to audit EWS, LIG houses built under private schemes – ET RealEstate

JAIPUR: The developers who have failed to construct houses for the Economically Weaker Section (EWS) and Lower Income Group (LIG) in their schemes as per the mandatory norms will be under Jaipur Development Authority (JDA)’s radar. The Jaipur Development Commissioner (JDC) Gaurav Goyal on Wednesday directed to constitute a panel of chartered accountants to audit […]

TikTok ban puts brake on parent ByteDance’s India office space expansion plan – ET RealEstate

TikTok parent ByteDance’s move to lay off employees, following its permanent ban in India, has effectively shuttered the Chinese company’s office expansion plans here. The company is unlikely to go ahead with its plan to occupy big space in Mumbai’s Goregaon suburb as committed in July, right in the middle of the pandemic and uncertainty […]

WeWork in talks to go public through SPAC deal – ET RealEstate

BENGALURU | TOKYO: WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC) and is also exploring raising funds from private investors, a little over a year after its botched initial public offering (IPO), according to a source familiar with the matter. The office-sharing startup’s plans for its […]