SquareFeatIndia

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Varun Singh, is a Senior Journalist who has extensively covered the Real Estate Sector for over one and half decade. His articles, insights, and opinion on the sector are widely read.

Rockdove Whisky Makers Acquire 10 Flats Worth ₹199.34 Crore in South Mumbai

Hermes Distillery Pvt. Ltd., known for its premium liquor brand Rockdove Whisky, has made a major real estate investment in Mumbai by acquiring ten luxury flats in Marine Lines for ₹199.34 crore. The Prestige Ocean Tower apartments, each spanning 2,482 sq. ft., are part of a growing trend where business leaders invest in South Mumbai’s prime real estate market. With Mumbai’s luxury housing demand soaring, this deal underscores the increasing appeal of high-end residences among corporate buyers.
Maharashtra Government Directs Builders to Not Hire Bangladeshi Workers

Maharashtra Government Directs Builders to Not Hire Bangladeshi Workers

The Maharashtra government has instructed builders and contractors in Mumbai to not hire Bangladeshi workers and to report any such workers to the police. BJP MLA Atul Bhatkhalkar announced the directive, emphasizing compliance as a security measure. Industry stakeholders are discussing its impact on the labor force.
India’s real estate is set for massive growth by 2047. Homes will be bigger, smarter, and more affordable, with better connectivity, lifestyle options, and sustainable features—making it a golden era for homebuyers.

Embassy Developments Ltd. Signs Rs 1,125 Crore Land Deal with Lam Research in Bengaluru

Embassy Developments Ltd. has entered into a Rs 1,125 crore agreement with Lam Research for the sub-leasing and sale of 25 acres in Whitefield, Bengaluru. The deal reflects the growing demand for industrial real estate in the city’s technology sector.
Maharashtra Government Allocates Rs. 19.50 Crore for Mumbai Metro Line-5 Project

Maharashtra Government Allocates Rs 19.50 Crore for Mumbai Metro Line-5 Project

The Maharashtra Government has sanctioned ₹19.50 crore as a soft loan for the Mumbai Metro Line-5 (Thane-Kalyan-Bhiwandi) project under MMRDA. This funding aims to accelerate metro construction, improve urban transport connectivity, and facilitate economic growth in the region. The government has allocated this amount under the 2024-25 budget, ensuring smoother execution of this crucial infrastructure project.
India’s InvITs are set to grow their AUM to over ₹8 lakh crore by FY27, led by mature trust acquisitions in the roads sector. Despite higher leverage, credit profiles remain strong due to regulatory guardrails and stable cash flows.

Maha Govt Approves 15 Acres of Land for Pimpri-Chinchwad Police Infrastructure

The Maharashtra government has granted administrative approval for the acquisition of 15 acres of land in Wakad, Pune, for the expansion of the Pimpri-Chinchwad police infrastructure. This land will be utilized for the establishment of the Deputy Commissioner’s office, other administrative offices, and residential quarters for senior police officers. The move is aimed at enhancing law enforcement facilities in the rapidly growing urban region.