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SAP India renews lease for one lakh sq ft office in Vatika Towers in Gurugram

Representative Image Software major SAP India Pvt Ltd has renewed lease for its nearly 100,000 sq ft office in VatikaTowers on Golf Course Road in Gurgaon, two people aware of the development said. SAP has been operating in VatikaTowers for over 14 years and has extended its lease for a new term of nine ...

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October 7, 2021

Sobha’s Q2 sales bookings up 49 per cent at ₹ 1,030 cr on improved demand

Bengaluru-based real estate firm Sobha Ltd on Wednesday said it has clocked 49 per cent growth in sales bookings at ₹1,030.2 crore during the second quarter of this fiscal on better housing demand. The company had sold properties worth ₹ 689.9 crore in the year-ago period. In a regulatory filing, Sobha informed that sales ...

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October 6, 2021

New HUD rule aimed at preventing public housing evictions in U.S.

File photo WASHINGTON: The Biden administration is trying to prevent evictions from public housing for nonpayment of rent, seeking to shore up protections following the end of the nationwide eviction moratorium. Under a new rule from the Department of Housing and Urban Development, tenants in HUD-subsidized public housing cannot be evicted for nonpayment without ...

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October 6, 2021

315Work Avenue signs deal for 700-seat workspaces in Bengaluru

A co-working space provider, 315Work Avenue has signed up 700-seats with two companies spread over 37,000 sq ft in Koramangala and HSR layout. One of these companies is a New York-based American advertising company and the other is a global manufacturing company with world-wide presence in 15 countries. With these two agreements, the company ...

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October 6, 2021

RERA has brought housing sector out of fraud and mistrust: PM Modi

Prime Minister Narendra Modi on Tuesday. said that the Real Estate Regulatory Authority (RERA) Act has helped overcome serious problems of the urban middle class as regards home buying. Inaugurating the Azadi@75 – New Urban India: Transforming Urban Landscape conference-cum-expo in Lucknow, Modi emphasised that RERA Act has helped in getting the entire housing ...

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October 5, 2021

Great Portland sells London office building for $247 million

BENGALURU: Commercial landlord Great Portland Estates Plc said on Tuesday it had sold a central London office building for 181.50 million pounds ($246.59 million), as the company reported its “strongest” quarterly performance since the pandemic took hold. The London-focused firm said its joint venture with BP Pension Fund – Great Ropemaker Partnership – sold ...

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October 5, 2021

Builder-buyers meetings planned to resolve dispute in Greater Noida

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has scheduled meetings with home buyers and real estate developers from October 7 onwards in a bid to resolve issues between them, officials said on Tuesday. The GNIDA has put out a list of six group housing projects and said the number of home buyers and ...

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October 5, 2021

Office leasing jumps over 2.5 fold in eight cities in July-Sept: Report

Representative Image NEW DELHI: Leasing of office spaces witnessed a sharp uptick in the July-September period at 12.5 million square feet across top eight cities on better demand, especially from the IT sector, with economy coming back to normalcy and corporate workforces slowly returning to work from office, according to Knight Frank India. The ...

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October 5, 2021

Chandigarh admin objects to Rs 643 crore for 728 flats without covered area information

Representative Image CHANDIGARH: After the board of directors of the Chandigarh Housing Board (CHB) approved a financial estimate of Rs 643 crore for the construction of 728 flats under the general housing scheme in 16.6 acres of land in two pockets at IT Park last month, the UT administration has now raised objection over ...

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October 4, 2021

Serum CEO can’t occupy Rs 750 crore sea view mansion in Mumbai

MUMBAI: Six years after he successfully bid for the sprawling US consulate property at Breach Candy, India’s vaccine king, Adar Poonawalla, hasn’t been able to move into his Rs 750-crore acquisition. Reason: The Indian government has so far refused permission for the 2015 sale of the two-acre, sea-facing mansion built by the Maharaja of ...

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October 3, 2021

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