Hyderabad: UFERWAS draws up action plan to assist Covid-affected apartments – ET RealEstate

Representational image HYDERABAD: With apartments and housing complexes across Hyderabad reporting a high number of Covid-19 cases, the United Federation of Residential Welfare Associations (UFERWAS), an apex body of RWAs in the city, has come up with an action plan to assist residents. Through various social media platforms, its members are dispersing important information — […]

CPP Investments to invest Rs 1,500 crore in its JV with RMZ Corp to build office spaces – ET RealEstate

NEW DELHI: Realty firm RMZ Corp has tied up with Canada Pension Plan Investment Board to develop office complexes in Chennai and Hyderabad and the latter will invest Rs 1,500 crore (USD 210 million) in the joint venture. Bengaluru-based RMZ Corp, which is one of the leading commercial real estate player, said it has entered […]

TDR turns lifeline for major projects in Hyderabad – ET RealEstate

HYDERABAD: Despite the pandemic denting the coffers of the Greater Hyderabad Municipal Corporation (GHMC), transfer of development rights (TDR) turned out to be the biggest lifeline for the city ensuring execution of several infrastructure projects. The civic body saved over Rs 1,500 crore towards cash compensation due to TDR and ensured projects — especially construction […]

Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1 – ET RealEstate

Property markets of Mumbai Metropolitan Region (MMR) and Pune are driving the most housing sales among the country’s top seven cities as indicated by the rising contribution of these markets in total sales led by reduction in stamp duty, discounts and appropriate product strategies of developers. MMR and Pune accounted for 53% of total sales […]

Varde Partners funds $155 million for two office developments in Hyderabad – ET RealEstate

Global alternative investment Varde Partners has provided senior construction financing on two pre-leased office assets of the Phoenix Group in the Gachibowli financial district of Hyderabad, India. The $155 million or Rs 1,137 crore facility will be used to refinance and fund to completion over 2.5 million sq ft across the two grade A developments […]

GIC to buy 1.1 million sq ft Phoenix Group’s IT SEZ in Hyderabad for Rs 1,050 crore – ET RealEstate

Singapore sovereign wealth fund GIC has entered into an agreement to buy an Information Technology-Special Economic Zone (IT-SEZ) spread over 1.1 million sq ft in Hyderabad’s Gachibowli locality from the Phoenix Group for Rs 1,050 crore, persons with direct knowledge of the development said. The entire development, Phoenix Aquilla, has two towers spread over 1.8 […]

Residential sales recover over 90% to pre-covid levels in Q1 2021: Report – ET RealEstate

NEW DELHI: Residential sales in Jan-March 2021 recovered to more than 90% of the volumes witnessed in Q1 2020 across the top seven cities, according to a recent report by JLL. The cities including Chennai, Hyderabad, Kolkata, and Pune surpassed the sales volumes of Q1 2020. Mumbai has consistently been the largest contributor to sales […]

Sky’s the limit for flats in Hyderabad as builders race to build 40+ floors – ET RealEstate

HYDERABAD: Soon, Hyderabad’s skyline could be peaking to new heights. This, courtesy a flurry of projects set to spring up along the IT corridor over the next four-five years which are all racing to tower past the 40-floor mark. Most are even hoping to walk home with the ‘tallest building in the city’ award. In […]

Telangana HC tells housing board to register Indu Aranya Pallavi flats in owners’ names – ET RealEstate

HYDERABAD: In a judgment that can bring cheer to scores of home-buyers who invested in the Indu Aranya Pallavi project, in Bandlaguda, Justice T Amarnath Goud of the Telangana high court has directed the state housing board to register flats in the name of the buyers, who’ve paid the entire consideration, and deliver the properties […]

Varde Partners invests Rs 1,150 crore in Phoenix Group’s two office projects – ET RealEstate

Global alternative investment advisor Varde Partners has invested over Rs 1,150 crore in Hyderabad-based Phoenix Group’s two under-construction information technology special economic zone (IT-SEZ) projects in Gachibowli locality of the southern city, said persons with direct knowledge of the development. Both the projects, with a total 3 million sq ft development, are located in Gachibowli […]