
AAI introduces new ambulift service at Rajkot Airport Gujarat

RBI Buys 4.16-Acre Nariman Point Land for Rs 34.72bn
In one of the largest real estate transactions in recent years, the Reserve Bank of India (RBI) has acquired a 4.16-acre land parcel at Nariman Point, Mumbai, from the Mumbai Metro Rail Corporation (MMRC) for Rs 34.72 billion. The deal, registered on 5 September, attracted a stamp duty of Rs 2.08 billion, according to CRE Matrix, a real estate data analytics firm.The prime property, located near the backbay reclamation area, lies in the heart of Nariman Point—one of Mumbai’s most prestigious commercial districts. Flanked by Marine Drive, Mantralaya, consulates, and landmark office towers, ..

Indian Real Estate Draws $80bn in 15 Years, 57 per cent from Foreigners
India’s real estate sector has attracted nearly $80 billion in institutional investments over the past 15 years, with foreign investors contributing 57 per cent, according to a joint report by CREDAI and Colliers India.The report, Indian Real Estate: Fostering Equity and Fuelling Economic Growth, was released during CREDAI’s annual event, NATCON. CREDAI, the apex body representing more than 13,000 developers, highlighted the significant growth in institutional inflows, which include family offices, foreign corporate groups, foreign banks, pension funds, private equity, listed REITs, sovere..

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets
Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..