Shivalik Group's GIFT City residential tower sells 250+ apartments

Shivalik Group's debut fund receives SEBI nod for Rs 3 billion raise

The Shivalik Group, a real estate developer headquartered in Ahmedabad, has secured regulatory clearance from the Securities and Exchange Board of India (SEBI) for its inaugural fund, Shivalik Investment Fund, designated as a Category II Alternative Investment Fund (AIF).

The planned AIF is set to garner funds of up to Rs 3 billion through private placement, with an additional Rs 1.5 billion Green Shoe Option that can be exercised at the discretion of the investment manager...

Shivalik Group achieves sales in GIFT City

For its future residential tower project in GIFT City, Shivalik Group, a prominent real estate developer in Ahmedabad, has gotten an extraordinary reaction. Within just 15 days of the project's announcement, the business sold more than 250 flats worth $3,000,000,000.

The incredible achievement demonstrates the high demand for opulent residential options in GIFT City as well as the everlasting confidence clients and investors have in Shivalik Group's products. 2BHK and 3BHK flats are among the sold condominiums.

NRIs, as well as residents of Gujarat and elsewhere, are among t..

Surge in joint dev. projects as land price soar in Ahmedabad

The city's real estate scene is seeing an increase in joint development deals, with two famous developers teaming up with landowner groups to start new projects.

This tendency is considered as a reaction to the enormous increase in land prices over the last few years, which has made it difficult for developers to dedicate significant resources for land purchase.

Collaborating with landowners through joint ventures provides developers with much-needed relief, relieving their financial responsibilities, especially given the higher jantri rates and the accompanying pricey p..

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..

BMC Finds 188 Dilapidated Buildings in Mumbai

The Brihanmumbai Municipal Corporation (BMC) has identified 188 dilapidated buildings across Mumbai, with a significant concentration of 47 in the eastern suburbs alone. This move comes as part of the BMC's ongoing efforts to ensure structural safety and mitigate risks associated with ageing infrastructure in the city.

The identification of these dilapidated structures underscores the pressing need for proactive measures to address potential hazards and safeguard the lives of residents. The BMC's focus on monitoring and assessing the structural integrity of buildings reflects its commit..