Realty

Marsh McLennan renews it lease of 1.7 lac Sq Ft for 60 months

1 minute read

Up next

TATA HOUSING ACHIEVES HIGHEST EVER ANNUAL RESIDENTIAL SALES

Marsh McLennan Global Services India Private Limited has renewed its lease for a period of 60 months starting from January 2023 till December 2025.

According to the data provided by Propstack, the deal was registered on April 12, 2023. The property is located at Powai in Supreme Business Park.

The total leased area is 170256.56 sq ft for a period of 60 months. The rent is Rs 1,02,15,394 per month for period of January 1, 2023 to December 31, 2025

The lease starts from January 1, 2023m the tenant is Marsh McLennan Global Services India Private Limited, whereas the builder is Supreme Developers.

The security deposit is Rs 26 crore of the lease renewal.

Also Read: Butlr Technologies Announces Partnership with Propstack for
Occupancy Sensing in India

Tax Exemption Boosts Housing Demand in Tier 2 Cities, Supply Yet to Catch Up

The recent Union Budget’s income tax exemption for individuals earning up to ₹12 lakh annually is expected to boost demand for affordable housing, particularly in Tier 2 cities. While sales continue to rise, a supply crunch due to fewer new project launches remains a challenge. Experts suggest that reinstating the 100% tax deduction on profits from affordable housing projects under Section 80-IBA could help bridge the gap between demand and supply, ensuring balanced market growth.

SquareFeatIndia
February 4, 2025
2 minute read

Nifty Realty holds at 937 on July 14 after a stunning 3.49% surge on Monday. FII selling of ₹3,062 cr and crude at $79 test the sector's conviction.

Realty

Realty Stocks Open Mixed as Dalal Street Turns Volatile; Large Developers Under Spotlight

Real estate stocks opened mixed on Monday as Indian markets turned volatile amid global uncertainty and macroeconomic concerns. While developers like Godrej Properties and DLF showed resilience, several other realty counters remained under pressure, pointing to a stock-specific and volatile trading session ahead.