MGM Healthcare expands in Chennai with land purchase from Shriram Properties
MGM Healthcare Private Limited, a large healthcare and educational group, continues to expand its presence in South India by acquiring
October 24, 2026
MGM Healthcare Private Limited, a large healthcare and educational group, continues to expand its presence in South India by acquiring
Bengaluru-based Brigade Group has signed a definitive agreement for a land parcel located on Whitefield-Hoskote road. The residential project planned
Shriram Properties Limited (SPL), a leading real estate developer, has sold 3.9 acre land parcel in Chennai to a large
Building a new benchmark in super-luxury living, Kalyan Developers has announced the launch of its 25th project in Thevara near
Select real estate markets in India – across three southern states, namely Andhra, Telangana and Karnataka – and Pune are
Strong homebuyer demand and hardening property prices coupled with the general and state elections dented India’s residential growth momentum in
Blackstone is likely to float an IPO or infrastructure investment trust (InvIT) next year for its India logistics arm, Horizon
Blackstone is likely to float an IPO or infrastructure investment trust (InvIT) next year for its India logistics arm, Horizon
Bengaluru dominated the demand for Grade A office space in 2024, recording a leasing volume of 21.7 million square feet
Oberoi Realty said it has executed an agreement for the development of an 81-acre parcel of land situated at village Tekali,
The ongoing quarter is proving to be not so good for the residential real estate sector with both new supply
Logistics and warehouses developer Welspun One, is looking to raise ₹4,000 crore, to double its portfolio size to 32 million square
The Telangana Government has introduced Bhu Bharati (Record of Rights) Act 2024 replacing a similar act, Dharani, enacted during the
TVS Emerald, a subsidiary of TVS Holdings Ltd (formerly known as Sundaram-Clayton Ltd), will acquire Radial (Phase II) IT Park
Securities and Exchange Board of India has permitted real estate investment trusts and infrastructure investment trusts to invest in unlisted
Chennai-based real estate development firm Golden Homes Pvt Ltd plans to expand to other cities, including Tiruchi, Coimbatore and Madurai.
Attached property of economic offenders valued over ₹22,000 crore has been restored to public sector banks and other legitimate claimants,
Fund raising by Infrastructure Investment Trusts (InvITs) have fallen significantly in FY25 so far compared to last year partly due
India’s residential real estate sector is witnessing a phenomenal price rise, banking on new infra-additions, better urban transportation, and rising
Brookfield India Real Estate Trust has raised capital of ₹3,500 crore (around $ 415 million) through a qualified institutional placement
Chennai Metro Rail Limited has signed a contract agreement for the Preparation of a Detailed Project Report (DPR) for Property
Standard Chartered group has put its 5.78-acre property at the heart of the city in Haddows Road for sale. The
Days after the Gujarat government proposed a revision of “jantri” rates — benchmark land rates decided by the government —
Small and medium real estate investment trusts (SM REITs) will have their own self-regulatory organisation as an apex body, a
Bengaluru-based Century Real Estate is projecting to achieve a sales target of ₹2,000 crore by the end of FY25, driven
India’s affordable housing segment is expected to reach ₹67 trillion by 2030 and demand is expected to be around 31.2
Real estate developers are optimistic of a continued growth in southern markets, particularly in Kerala despite tailwinds amid changing dynamics,
World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft
Small and medium real estate investment trusts (SM REITs) will have their own self-regulatory organisation as an apex body, a
India’s top seven cities — Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, NCR and Pune, hold nearly 526.3 million sq ft (msf)
Godrej Properties has raised ₹6,000 crore by selling shares to institutional investors on qualified institutional placement (QIP) basis as it
Bengaluru-based property developer Gopalan Enterprises is planning to triple its residential portfolio with 2 million square foot (msft) of launches
Real estate attracted the highest share of alternative investment funds (AIFs) in the first half of FY25. According to SEBI
Other sectors that received AIF investments included IT/ITeS, financial services, NBFCs, banks, pharma, FMCG, retail, renewable energy, and others
Chennai-based real estate developer DRA, today announced that it has signed on actress Rashmika Mandanna, as its brand ambassador. The
Emami Realty, an Emami Group company, is planning to develop two new residential projects, covering a total area of around
Property registrations in Mumbai for November crossed 10,000 units, as demand for residences sustained and revenue from stamp duty was
Leasing of retail space in shopping malls and prominent high streets rose nearly 5 per cent during January-September this year
Real estate major DLF on Friday said one of its subsidiaries has entered into a definitive agreement to sell its
TARC Limited announced today that it has sold 50 per cent of its TARC ISHVA residential project, valued at ₹1,350
Arihant Foundations & Housing Ltd, the Chennai-based real estate developer, on Wednesday announced an investment of ₹109 crore through preferential
Global Capability Centres (GCCs) would lease 3-3.2 mn sq ft. in 2025 in Chennai. Over the years, Chennai has solidified
Around 60 per cent of Indians’ wealth has been created around real estate. And following RERA—with the security and safety
India’s 26 major listed real estate firms have sold properties worth nearly ₹35,000 crore during the September quarter with Godrej
Asset JGT, a joint venture between JGT Living Spaces — a CGH Earth Group company with over seven decades of
Provident Housing Ltd, a large-scale community developer, a 100 per cent subsidiary of the Bengaluru-based Puravankara Ltd, will launch its
Bengaluru-based real estate major Brigade Group’s startup accelerator arm- Brigade REAP plans to invest in six to eight startups each
Chennai has always been a low height residential city, but not anymore. There are many high rise buildings of about
Godrej Properties said it has acquired a 53-acre land parcel in Joka, Kolkata, on which it plans a residential plotted
After a lull in H1, real estate players are gearing up for a revival with multiple launches in the second
Fractional ownership platform hBits has launched a new asset in Thane, offering ₹54.66 crore investment opportunity. The Grade A commercial
The real estate arm of the Adani group, Adani Realty, is coming up with around 6-8 million square feet of
Sobha Ltd, a real-estate major based out of Bengaluru reported a consolidated profit after tax of ₹26.1 crore for the
The doyen of real estate, KP Singh – also the Chairman Emeritus of DLF Ltd – feels India needs to
Emaar India has launched its luxury residential project, ‘Amaris’ at Sector 62, in the Golf Course Extension Road micro market
National Housing Bank (NHB) on Thursday entered into separate Memorandums of Understanding (MoUs) with 116 Primary Lending Institutions (PLIs) for
Driven by the increased demand from GCC (global capability centres) and rising demand from Indian corporates, commercial space leasing in
Bengaluru-based property developer Brigade Enterprises reported a consolidated profit after tax (PAT) up by 2 percent year-on-year (YoY) at ₹115
Coming down hard on instant ‘bulldozer justice,’ the Supreme Court on Wednesday laid down pan-India guidelines on property demolition and
India stands as an outlier in the global real estate market, which is just returning to normalcy with some uptick
Schloss Bangalore (Leela Palaces Hotels Resorts), an institutionally owned and managed pure-play luxury hospitality company, plans to venture into multi-use
Interarch Building Products, a leading player in the pre-engineered building industry, is planning to double its turnover to ₹2,500 crore
Offices and specifically real estate investment trusts are no longer relying on IT services tenants, whose share in office occupancies
Experts in the construction sector has called for the use of cutting-edge technology to reduce carbon footprint as well as
Macrotech Developers has acquired Bain Capital’s stake in three joint digital infrastructure platform entities for Rs 307 crore, the company
Bengaluru-based real estate developer Brigade Group has signed a Joint Development Agreement to develop a residential project of around 1
Insolvency regulator IBBI has come up with slew of proposals to improve real estate resolutions under IBC including mandating the inclusion
Brookfield India Real Estate Trust reported net operating income of ₹485.8 crore in Q2 of FY25, up 40 per cent
The shares of The Indian Hotels Company Limited (IHCL) were trading at ₹682.55 up by ₹14.55 or 2.18 per cent
Ultra-luxury residential projects in Gurgaon and premium plotted developments of North and West India – are witnessing active buyer interest
Realty major DLF will invest around ₹8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to
The Sattva Group has lined up residential and commercial projects with an aggregate built-up area of 80 million square feet
Real estate has been one of the best performing sectors and over the last one-year period it has given absolute
Over 12,900 properties have been registered in Mumbai in October, a month marked by festivities, starting with Navratri and Dussehra
For many middle-class families, the dream of owning a home is often overshadowed by the challenging task of building it.
EFC (I) Limited has secured SEBI registration for EMBERSTONE SM REIT, India’s first Small & Medium Real Estate Investment Trust
The real estate sector has contributed about a sixth to the amount raised by way of qualified institutional placements (QIP)
Housing developers are ecstatic with the positive house buying sentiment this festive season record sale this calendar year with both
Luxury Home Builders manage project timelines Whether you’re building your dream home or a high-end renovation project, it takes time
Residential prices have moved up 2-19 per cent in 2024 so far and according to a survey homebuyers expect prices
Realty firm Macrotech Developers Ltd will launch nearly 8 million square feet of residential space in the second half of
Mindspace Business Parks REIT leased gross 2.1 million sq ft in Q2 of FY25, and net operating income crossed the
Realty major DLF’s sales bookings increased 66 per cent to ₹7,094 crore in the first half of this fiscal on
Home rents are really going up, hurting tenants and leaving them with very little room for discretionary spending. Residential rents
Real estate major, DLF saw a 121 per cent rise in consolidated net profit to ₹1,381 crore for the quarter-ending
Embassy Office Parks REIT reported a 12 per cent rise in both net operating income and revenue in Q2 of
Godrej Properties reported consolidated net profit of ₹335.2 crore in the second quarter of the current financial year, up 5
The steep 250 basis points increase in policy rates by the Reserve Bank of India (RBI) since May 2022 appears
Pune, along with Pimpri-Chinchwad, witnessed a significant surge in registered home sales value for the July-September quarter of 2024, as
As the famous Crowne Plaza hotel has been completely razed down, a new high-rise commercial-cum-residential development will soon slowly start
Following an episode of slow growth in the IT sector, poor hikes and the scare created by demolitions by government
Co-living operator Housr plans to open around 30 new centres comprising 3000 beds by March next year as part of
Transactions in the real estate sector in the third quarter of 2024 saw a steep sequential fall of 71 per
Micromitti Real Estate Ventures, a leading proptech company, plans to launch Real Estate Investment Trusts (REITs), AIF Category 2 Real
Godrej Properties Limited (GPL) has emerged as the highest bidder for three adjacent land plots totaling 6.54 acres in Sector
Shapoorji Pallonji Real Estate (SPRE) has entered into a joint venture with Kanodia’s real estate venture KREEVA to develop a
Bengaluru Airport City Ltd (BACL), a wholly owned subsidiary of Bangalore International Airport Ltd (BIAL), broke ground for its 2 million
Chennai’s suburbs are propelling the surge in the high-rise residential buildings. Locations such as Kelambakkam, Kundrathur and Mangadu are key
Purchase of affordable houses through resale could be impacted as interest subsidy under the new Pradhan Mantri Awas Yojana –
Realty firm Godrej Properties acquired six new land parcels in the July-September quarter to develop housing projects worth ₹9,650 crore
Real estate developer Puravankara recorded an 18 per cent uptick posting ₹1,331 crore in sales for the second quarter of
KBC Global, a construction and real estate company, has launched a new residential project in Nashik with six commercial units
Bengaluru-based Brigade Enterprises plans to construct a high-rise residential building complex at Perumbur in the heart of the city with
Nyati Group, a leading player in Pune’s real estate sector, has made a significant leap by adopting Qubit’s next-generation 3D
Godrej Properties reported bookings of ₹5,200 crore in Q2 of FY25, from the sale of 5.1 million square feet of
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has collaborated with the Indian Institute of Management Ahmedabad (IIMA)
Real estate company Poulomi Estates has announced its expansion to the Bengaluru market with an ₹800crore premium high-rise project in
Macrotech Developers, which sells houses under Lodha brand, sold houses worth ₹4,290 crore in Q2FY25, up 21 per cent on
Home sales in the first nine months of 2024 rose 9 per cent on year to over 2.6 lakh units
Institutional investments in real estate grew 45 per cent to nearly $1.15 billion in July-September with investors looking to encash
A little over 9000 properties were registered in Mumbai in September, showing a fall both year-on-year and sequentially as the
Property Share Investment Trust, registered as a small and medium real estate investment trust, has filed the draft scheme document
Housing sales fell 11 per cent during July-September to 1.07 lakh units in seven major cities on lower launches and
Non-banking finance company (NBFC) Shriram Finance has raised $500 million through a 3.6-year tenure social bond at a 6.15 per
Shriram Properties Ltd (SPL), a leading real estate developer in South India and part of the Shriram Group, has launched
Mindspace Business Parks REIT has entered into an agreement to build three built-to-suit data centres for Princeton Digital Group at
Casagrand Premier Builder, the Chennai-based developer in the residential sector, has filed its draft red herring prospectus (DRHP) with the
Blackstone-backed Nexus Select Trust is in talks to buy Axis Mall in Kolkata, but the transaction could be complicated because
IPO-bound OYO has agreed to acquire G6 Hospitality, economy lodging franchisor and parent company of the Motel 6 and Studio
RMZ offers Chevron Global Technology and Services Private Limited 0.3 million sqft of commercial space to set up its GCC,
Residential demand and supply, in the top nine cities in India, fell in the third quarter of 2024, both sequentially
Ivanhoe Cambridge has exited three digital infrastructure platforms by selling its stakes in them to joint venture partner Macrotech Developers
Investments by non-resident Indians (NRIs) into the Indian real estate market has surged over the past 20 months, growing at
With over 30 million square feet of forthcoming housing inventory, of which 16 million square feet will be delivered over
Over 50 per cent of retail/consumer packaged goods (CPG) global capability centres (GCCs) in India have been established in the
Birla Estates, the real estate arm of the Aditya Birla Group, has acquired a 24.5-acre land parcel in the Mumbai
India’s residential market is witnessing a phenomenon where the rise in price of houses could possibly crowd out end users
Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by Brookfield Asset Management, along with affiliates of investors, including British Columbia
Microsoft Corp’s Indian arm has acquired 16.4 acres of land in Pune for around ₹520 crore, documents showed. The land,
Bangalore-based Brigade is expanding its presence in Chennai with another residential project in Velachery costing nearly Rs 600 crore. It
If you’re planning to buy a house in a preferred location, there’s no need to worry about additional GST. The
Bengaluru’s residential real estate market is experiencing notable price hikes, driven by rising demand and a shortage of inventory. As
Dholera Special Investment Region (SIR) in Gujarat is attracting fresh investment of ₹2,000-3,000 crore annually in realty assets, with investors
The government’s ambitious plan to build 1 crore urban houses under the PM Awas Yojana is likely to falter as
Realty firm Prestige Estates Projects Ltd has raised ₹5,000 crore by selling equity shares to institutional investors through private placement.
Meghna Infracon Infrastructure Limited (MIIL) announced today the acquisition of a new residential project in Goregaon, Mumbai. The project, named
On a spending spree, real estate companies in India have raised over ₹1 lakh crore over the last 19-20 months
Residential property prices in Bagaluru, situated in North Bengaluru, have surged by nearly 90 per cent in the past five
Realty firm Godrej Properties has won bid for two residential plots in Gurugram costing ₹515 crore and will develop luxury
Ajoy Mehta, Chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA), hangs up his boots this month, leaving behind a
Real estate company Omaxe Group, on Monday, announced an investment of nearly ₹2500 crorefor its new project, The Omaxe State.
Ravi Menon, co-chairman of Sobha Group, has been elevated as chairman, effective November 18r. The announcement was made in Dubai.
Pulkit TMT, a leading brand in the steel industry, has introduced its innovative ‘Lab on Wheels’ initiative in the Kerala
Promoters of MSN Pharma have set up a new company called MSN Realty to tap the opportunities in the real
Bank credit to the commercial real estate sector rose to ₹4.85 lakh crore outstanding as of July 26, 2024, from
A day after Enforcement Directorate (ED) provisionally attached immovable properties valued at ₹834 crore and belonging to EMAAR India and
Shriram Properties Ltd, which is celebrating 25 years, expects to quadruple its net profit to over ₹200 crore in FY27.
Small and medium REITs have received a positive response from the industry, SEBI chairperson Madhabi Puri Buch said on Thursday.
NBCC (India) Ltd has sold 100 per cent of the office space inventory at the World Trade Centre (WTC) Nauroji
Larsen & Toubro (L&T) Construction is using 3D printing technology to reduce construction timelines by up to 50 per cent,
Metro Group, a leading real estate player in the Mumbai Metropolitan region, plans to generate ₹1,000 crore revenue over the
India is in consultations with Indonesia at the WTO on the latter’s proposal to extend safeguard duties on import of
Global property consultant JLL on Tuesday said that India’s top real estate markets have entered into a ‘transparent’ zone for
Chennai-based Arihant Foundations and Housing Ltd, through its SPV (Special Purpose Vehicle) Vilaya Properties LLP, has partnered with Empee Hotels
HouseEazy, a full stack marketplace for resale homes, has raised $7 million in Series-A funding. This round was a mix
FPV transmitter The FPV transmitter is what sends the video signal from your drone’s camera to a receiver on a
Hyderabad’s office stock has surged to 127 million sq ft, accounting for 14 per cent of India’s total office space.
Amid an ongoing legal battle on GST’s application on Joint Development Agreement (JDA) in the real estate sector, the GST
Godrej Properties Limited (GPL) announced today the acquisition of a 90-acre land parcel in Khalapur, Maharashtra, just three days after
In a first-of-its-kind project in India, the Tamil Nadu government on Saturday inaugurated an industrial housing facility at SIPCOT Industrial
The senior living market is expected to grow significantly, from its current size of $2-3 billion to $12 billion by
Realty firmKolte-Patil Developers Ltd’s Chief Financial Officer (CFO) Khiroda Jena has resigned from the company. The company informed that Jena
Realty firm Macrotech Developers Ltd’s net debt rose 43.5 per cent to ₹4,320 crore during the first quarter of this
The first quarter of FY25 was marked by subdued leasing by real estate investment trusts (REITs), modest growth in distributions
The traditional real estate sector known for its complexities, is adopting more AI solutions to enhance precision and efficiency. These
Axis Asset Management Company Ltd (Axis AMC) and Tishman Speyer have announced that Axis Commercial Real Estate Fund has acquired a 1.5-acre plot at
The Delhi-based Ashiana Housing Ltd has partnered with the Chennai-based Arihant Foundations & Housing to launch Swarang, a senior living
About a fifth of under-construction homes in India aggregating to over five lakh units, belonging to stalled projects, are lying
Ajmera Realty & Infra India’s bank debt and corporate credit has been assigned A- rating from CRISIL, with a stable
The Insolvency and Bankruptcy Code (IBC) has emerged as a crucial instrument in the rejuvenation of the Indian real estate
Bengaluru leads the green building adoption with 16.5 million square feet leases between January 2023 and July 2024 totaling to
Blackstone-sponsored Nexus Select Trust is in talks with the Kolkata-based Ambuja Neotia group to add two malls in the city
Pune’s real estate market has experienced a remarkable surge, with registered transactions increasing by 50 per cent in the June
Real estate developers are selling more homes than ever before and collections from bookings are seen rising 19-21 per cent
Nitco Ltd has sold a prime land parcel located in Kanjurmarg East to Runwal for ₹232 crore. The land parcel,
Godrej Properties has emerged as the highest bidder for two land parcels with a total combined bid value of ₹842
RMZ Corporation and Canada Pension Plan Investment Board have completed the sale of One Paramount 1 to Singapore-based Keppel Ltd
India ranked fifth in cross-border real estate investments in the APAC region, attracting 9 per cent of the total volume
Puravankara Limited, a realty company headquartered in Bengaluru, announced its quarterly results on 31st July. The company reported quarterly sales
India’s construction equipment industry is expected to grow at a CAGR of 12 per cent to reach $25 billion by
Aptus Value Housing Finance Ltd has reported a 21 per cent rise in its profit after tax at ₹172 crore for
Property registrations in Mumbai in July rose 20 per cent y-o-y and 5 per cent m-o-m to 12,266 units, as
Mindspace Business Parks REIT reported a 9.2 per cent rise in net operating income in the June quarter, while revenue
Godrej Properties reported an over 4 times increase in net profit in Q1 of FY25 at ₹520 crore while revenue
Macrotech Developers reported a net profit of ₹480 crore in the June quarter, up 186 per cent on year, while
Ashar Group has sold 500 units of its latest residential project, ‘Ashar Merac,’ within five weeks of its launch on
An unpleasant note was struck in the Budget proposals with the removal of indexation benefits on long term capital gains
Tamara Leisure Experiences Pvt Ltd, a Bengaluru-based hospitality firm, has announced the opening of Lilac Hotels in Kumbakonam, Tamil Nadu, as part
Finance Ministry asserted on Wednesday that the Budget 2024 proposal to eliminate the indexation benefit for property sales was not
Revenue Secretary Sanjay Malhotra on Wednesday said that interest cost and stamp duty paid for purchasing immovable property will not
The Silicon Valley of India has dominated the residential real estate market with 16,537 unit launches and sales of sales
Kolkata witnessed a record growth in residential property registrations in June, as the West Bengal government withdrew rebates on stamp
The removal of indexation benefit in respect of capital gains on secondary sale of properties will be beneficial where growth
Let out house not business income The taxman has observed that some taxpayers are reporting their rental income generated by
Finance Minister Nirmala Sitharaman on Tuesday announced the second phase of the Pradhan Mantri Awas Yojana (PMAY) Urban – a
Real estate players have lauded the Union Budget for its strong emphasis on urbanisation, infrastructure development, and women’s empowerment. Sushil
The Tamil Nadu government on Monday introduced a new scheme offering instant online approval for building permits for houses built
CapitaLand India Trust (CLINT) has acquired a 8.2-lakh-sq-ft multi-tenanted IT non-SEZ office building at a business park in Navi Mumbai
ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, has invested ₹190
Hanto Workspaces, a leading provider of managed commercial real estate solutions, has announced the launch of 200,000 square feet of