NBCC Sells 446 Noida Flats for Rs 14.68 Bn
State-owned NBCC (India) Ltd has successfully sold 446 apartments in Noida for a total value of Rs 14.68 billion, conducted via e-auction.In a regulatory filing on Friday, NBCC confirmed the sale of 446 residential units at Aspire Silicon City, Phase IV, located in Sector 76, Noida, Uttar Pradesh. The total transaction amounted to approximately Rs 14.679 billion, and NBCC will earn a 1 per cent marketing fee on the sale value.The sales are part of the broader directive issued by the Supreme Court, which established the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE)..
Mahindra Lifespaces Eyes Rs 100 Bn Sales by FY30
Mahindra Lifespace Developers, the real estate arm of the Mahindra Group, is aiming to more than triple its sales to Rs 100 billion by FY30, up from Rs 33 billion achieved in FY25.Managing Director and CEO Amit Kumar Sinha stated that the company already holds 70–80 per cent of the land bank required to meet this target. “We’ve significantly scaled up our GDV (gross development value), but we’re not under pressure to chase land deals,” he said. GDV represents the estimated revenue a development project could generate upon completion.Mahindra Lifespaces’ annual GDV has expanded from..
TCS Leases 6.3 Lakh Sq Ft in Chennai for Rs 28 Mn Monthly
Tata Consultancy Services Ltd (TCS) has leased 630,000 square feet of office space at Ozone Techno Park in Navalur, Chennai, at a monthly rent of Rs 28 million, according to documents accessed by property analytics firm Propstack.The lease, which spans seven floors, commenced on 15 March 2025, and has a ten-year tenure with a three-year lock-in period until March 2028. The landlord for the property is Platinum Holdings Pvt Ltd, and TCS has reportedly paid a security deposit of Rs 255 million.The rent is priced at Rs 45 per sq ft per month, with a 12 per cent escalation every three years. The p..
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