[recent_post_slider design="design-1" limit="5" show_category_name="false" show_author="false"]

Flex Spaces to Play Major Role in Office Expansion, Survey Reveals

A recent survey by Colliers India reveals that over 80% of office occupiers intend to increase their use of flex spaces in the next 3-5 years. This shift highlights a growing preference for flexible work environments and strategic locations in major cities, with large corporates increasingly adopting flex spaces for core business operations.

IndiaMART Report Reveals Strong Cement Industry Growth and Buyer Trends

IndiaMART’s inaugural cement industry report, “Cementing Growth,” showcases the sector’s robust growth with 15.5 million enquiries from 2019-2023. It outlines future projections, government initiatives, and highlights from key states, reflecting the significant role of cement in India’s economy.

CTIL Acquires 10 Acres of Prime Land in Worli, Mumbai for Rs. 1100 Cr

CTIL has acquired 10 acres of prime leasehold land in Worli, Mumbai, from Mr. Nusli Wadia for Rs. 1100 crore. The land, set to be developed by Birla Estates, significantly enhances CTIL’s real estate holdings, contributing an estimated Rs. 14,000 crore in booking value potential and expanding their contiguous land portfolio to 30 acres with a combined value of Rs. 28,000 crore.

India Reaffirms Commitment to Sustainable Development During World Green Building Week

India celebrates World Green Building Week 2024 with a renewed focus on sustainability through CII-IGBC’s initiatives. The campaign, #BuildingTheTransition, emphasizes reducing energy use, transitioning to low-carbon electricity, and adapting infrastructure to climate change. Key activities include webinars, waste management sessions, and student chapter launches to promote sustainable building practices.

GST Council’s Latest Decision Targets Revenue Leakage with New Rules on Commercial Property Rentals

GST Council’s 54th meeting introduces significant changes to commercial property rentals, applying Reverse Charge Mechanism (RCM) to transactions involving unregistered landlords to curb revenue leakage. Additionally, location and Preferential Location Charges are now classified under construction services with reduced GST rates, improving transparency and reducing friction in the real estate market.