SquareFeatIndia

2112 posts
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.
Dharavi, Asia's largest slum

Union Cabinet Sanctions Transfer of 256 Acres for Dharavi Redevelopment Project

The Union Cabinet has sanctioned the transfer of 256 acres of salt pan land to the Maharashtra government for the Dharavi Redevelopment Project. Located in Mulund, Bhandup, and Kanjurmarg, the land will be used for housing non-eligible Dharavi residents and constructing new residential units. The project aims to address Mumbai’s housing crisis, but faces challenges, including delays and community opposition.
Hospitality industry

India’s Hospitality Sector Sees USD 93 Million in Investments in H1 2024

In the first half of 2024, India’s hospitality sector attracted USD 93 million in investments, with a forecasted year-end total of USD 413 million, a 22% increase from the previous year. JLL’s report notes strong contributions from listed hotel companies, significant hotel signings, and robust growth across various market segments, reflecting continued investor confidence and favorable economic conditions.
Suraj Estate Developers acquires a vacant land parcel at Senapati Bapat Marg, Mahim West

CapitaLand Investment to More Than Double Investments in India by 2028

CapitaLand Investment Limited (CLI) has announced a major expansion plan to more than double its investments in India by 2028. The company aims to increase its funds under management in India from S$7.4 billion to over S$15 billion. CLI’s growth strategy includes expanding its business parks, logistics, data centers, and lodging portfolios, while also exploring new opportunities in renewable energy and real estate private credit. This move underscores India’s strategic importance and CLI’s commitment to enhancing its footprint in the country.
Piramal Realty

Piramal Realty Launches Clubhouse ‘Club V’ at Piramal Vaikunth, Thane

Piramal Realty has inaugurated ‘Club V,’ a new 22,000 sq. ft. clubhouse at Piramal Vaikunth in Thane. The facility includes a mini cricket ground, tennis and squash courts, and a range of other amenities such as a library, café, and wellness center. Designed to enhance community living, Club V offers residents a space for sports, relaxation, and social interaction, reflecting Piramal Realty’s commitment to a comprehensive lifestyle experience.
Panvel

Panvel Real Estate Market Sees Robust Growth

The ANAROCK Panvel Micro Market Report highlights a surge in residential property prices in Panvel, Navi Mumbai, with an 8-10% increase over the past year. The report attributes this growth to significant infrastructure developments, including the Navi Mumbai International Airport and the Mumbai Metro Line 12. With a rise in new project launches and improving rental yields, Panvel is emerging as a promising area for real estate investment and development.