Residential Rentals Surge in Mumbai’s Western Suburbs Amid High Demand

rental market in Mumbai’s western suburbs is seeing a sharp increase in prices, fueled by high demand and a limited supply of quality homes. Localities like Andheri, Goregaon, Malad, and Borivali are at the forefront of this trend, attracting both locals and expatriates seeking modern living spaces. Experts predict this upward trend will continue as infrastructure development progresses, creating lucrative opportunities for investors.

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.

Godrej Properties Wins Bid for Luxury Housing Plots in Gurugram

Godrej Properties Ltd. has secured two premium group housing plots in Gurugram through an e-auction by Haryana Shehri Vikas Pradhikaran (HSVP). The plots, one measuring 3.6 acres on Golf Course Road and the other 1.97 acres in Sector 39, have a combined bid value of INR 515 crore. They offer over 1 million square feet of development potential and an estimated revenue exceeding INR 3,400 crore. This acquisition expands GPL’s NCR portfolio, with four major projects now estimated to generate over USD 1 billion in revenue.

Urban Development Ministry Unveils Updated Guidelines for Green Building Certifications

New Delhi, August 28, 2024 — The Ministry of Urban Development has…

Cabinet Approves Rs 28,602 Crore Plan for 12 New Industrial Smart Cities to Boost Economic Growth

The Indian Cabinet has greenlit a transformative initiative to develop 12 industrial…