Gold
Tata Realty plans to invest Rs 4,000 cr in real estate business
Tata Realty Acquires 25-Acre Bengaluru Land for £110M
Tata Realty and Infrastructure Ltd (TRIL), the real estate arm of Tata Group, has acquired a 25.3-acre land parcel in Doddanekundi near Whitefield, Bengaluru, for over Rs 9.86 billion. The land was purchased from Graphite India through TRIL's wholly-owned subsidiaries, TRIL Bengaluru Real Estate Five Ltd and TRIL Bengaluru Real Estate Six Ltd. The deal values the plot at nearly Rs 400 million per acre, marking it as the costliest transaction for a land parcel in the vicinity. Industry experts believe this acquisition reflects the ongoing market consolidation favoring large and established deve..
Tata Realty & Infra acquires 25-acre Bengaluru land for Rs 9.86 bn
Tata Realty and Infrastructure (TRIL), which is the real estate development arm of the Tata group, has announced its intention to procure a land parcel that spans 25.3 acres in Doddanekundi, located near the Whitefield area in Bengaluru. This acquisition comes at a substantial cost of more than Rs 9.86 billion.
The entity is in the process of acquiring this land parcel from Graphite India. This transaction is being carried out through two wholly-owned subsidiaries, namely TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six.
The transaction's definitive documen..
CPPIB to invest Rs 2,600 cr in TATA Realty's two office buildings
The Canada Pension Plan Investment Board (CPPIB) will invest Rs 2,600 crore in Tata Realty and Infrastructure's two premium commercial office buildings in Chennai and Gurugram to acquire a 49% stake.
Its joint venture (JV) plans to spend an additional Rs 2,000 crore inland and finished assets for future expansion. Sanjay Dutt, Tata Realty and Infrastructure MD and CEO, told the media that the company created a partnership with CPPIB to build and own commercial real estate assets because it is optimistic about the future potential of the office market in major Indian cities.
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..
Opinion Poll
Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?
Latest updates
