Browsing Tag

Real Estate

393 posts
WeWork

WeWork India Raises INR 500 Crore via Rights Issue to Reduce Debt

WeWork India has successfully raised INR 500 crore through a rights issue, focusing on debt repayment and strengthening its financial position. CEO Karan Virwani emphasized that the move underscores investor confidence and supports long-term growth. Operating in eight cities, WeWork India offers over 1 lakh desks, catering to businesses of all sizes.
Ajmera

Ajmera Realty Achieves INR 270 Crore Sales in Q3 FY25, Driven by Launch of ‘Ajmera Iris’

Ajmera Realty & Infra India Ltd posted a robust performance in Q3 FY25, recording INR 270 crore in sales, a 7% YoY growth, bolstered by the launch of its Ajmera Iris project in Bengaluru. The company also saw a 10% YoY increase in collections, reflecting strong customer demand. With its continued focus on launching new projects and benefiting from favorable market conditions, Ajmera Realty is optimistic about further sales growth in the upcoming quarters.
MahaRERA

MahaRERA Suspends Registration of 1,950 Real Estate Projects for Non-Compliance

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 lapsed housing projects due to non-compliance with regulatory norms. Developers failed to provide updates on their projects’ status, resulting in frozen bank accounts and restricted transactions. With responses received from 5,324 projects, MahaRERA continues its crackdown on errant developers to ensure transparency and protect homebuyers’ interests in the real estate sector.
MahaRERA Order

Mumbai Developers Face 3 Months Imprisonment in Landmark RERA Case

The Maharashtra Real Estate Appellate Tribunal has ordered the arrest and three-month imprisonment of Neptune Developers’ judgment debtors for failing to comply with attachment warrants and notices under RERA provisions. This landmark ruling highlights stricter enforcement to protect homebuyers and ensure developer accountability.
Nirmala Sitharaman to present the union budget

Real Estate Sector Pins Hopes on Union Budget 2025-26 for Revival Measures

The real estate sector is looking to Union Budget 2025-26 for much-needed support amidst declining activity. Affordable housing remains a key focus, with industry experts urging measures such as the reinstatement of the Credit-Linked Subsidy Scheme, revised price caps, and tax incentives. Infrastructure development is also expected to drive long-term growth.