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Real Estate

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MHADA

MHADA Earns ₹5.68 Crore Ahead of Upcoming Lottery for 2,030 Homes

The Maharashtra Housing and Area Development Authority (MHADA) has generated ₹5.68 crore ahead of its upcoming lottery for 2,030 homes in Mumbai. With over 113,000 applicants completing their payments, the lottery, scheduled for October 8, 2024, aims to provide affordable housing options in the city.

Adani Realty Illuminates Projects for Ganesh Chaturthi Tribute in Mumbai

Adani Realty has unveiled an illuminated tribute to Lord Ganesha at its Views and Ten BKC projects in Mumbai for Ganesh Chaturthi. This initiative combines modern architecture with cultural significance, attracting attention from the local community and reinforcing the company’s commitment to community engagement.
The-Phoenix-Mills-Limited

Phoenix Mills Subsidiary Declared Highest Bidder for Prime Mohali Plots

Phoenix Mills Limited has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. With a winning bid of approximately Rs. 891 crores, its subsidiary, Casper Realty, plans to develop a landmark retail-led mixed-use destination aimed at fulfilling the retail and entertainment needs of the Chandigarh Metropolitan Region.
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Indoor Amusement Centers in India to Expand by 67% by 2028

A new JLL report forecasts a 67% increase in India’s Indoor Amusement Center (IAC) space by 2028, expanding to 11 million square feet. The growth, driven by rising consumer demand and shifting retail trends, highlights the expanding role of IACs in transforming shopping malls into entertainment hubs. The report notes significant leasing activity in major cities and emerging markets, reflecting a broader trend towards immersive and diverse retail experiences.

Maharashtra Government Announces Affordable Housing Scheme for 5,000 Dabbawalas

The Maharashtra government has announced an affordable housing scheme to provide 5,000 dabbawalas with homes under PMAY. The project, located on a 46-acre site in Thane, will feature 500 sq ft homes costing up to ₹25 lakh. MHADA will oversee the development, and the state government is considering a reduction in prices following requests from the dabbawalas.