Shradh Spoils Home Sales in September 2024

Mumbai’s home sales plummeted in September 2024, recording just 9,012 registrations, the lowest since the start of the financial year. The decline is attributed to the Shradh period, traditionally viewed as inauspicious for purchasing property. This year’s registrations generated ₹872 crore in revenue, significantly lower than the ₹1,126 crore recorded in September 2023.

Interarch Building Products Limited Acquires Land in Gujarat for New Manufacturing Facility

Interarch Building Products Limited has acquired 51,926 square meters of land in Gujarat for INR 7 crore, marking a significant step in its expansion strategy within the Pre-Engineered Building (PEB) industry. This new facility aims to enhance production capacity and cater to the growing demand for high-quality building solutions in key markets, particularly in Western India. Managing Director Arvind Nanda emphasized the importance of this investment for boosting operational capabilities and delivering customer satisfaction.

CREDAI-MCHI Launches Exhibition to Streamline Redevelopment in Mumbai

CREDAI-MCHI has launched the inaugural “Ease of Doing Redevelopment (EODR)” exhibition in Mumbai, aimed at simplifying the redevelopment processes for over 900 housing societies. The event features direct interactions with more than 40 developers and includes the release of a comprehensive report on the redevelopment landscape, highlighting key industry players and insights into effective strategies.

Excentia Infra to Invest ₹650 Crore in Uber-Luxury Project Tatva in Dehradun

Excentia Infra has unveiled Excentia Tatva, Dehradun’s first uber-luxury residential project, set to invest ₹650 crore in a 5-acre, eco-friendly development on Rajpur Road. With 307 exclusive units, this IGBC-certified complex combines luxury with sustainability, offering high-end amenities and a prime location near key landmarks.

Cricketer Shreyas Iyer paid ₹2.9 Cr for a 525 Sq Ft home in Mumbai

Shreyas Iyer, a prominent member of the BCCI’s Indian Cricket Team, has made headlines with his recent purchase of a 525 sq ft flat in Mumbai’s Worli area for ₹2.9 crore. Acquired along with his mother, the deal was officially registered on September 19, highlighting the cricketer’s growing presence in the real estate market.