Administrator

Xander did not provide the investment details, but a source close to the situation claimed the deal is worth around 400-500 crore.

“The revenue ministry has emphasised e-registration of properties. The selling and acquisition of housing developments will be possible thanks to the digital registration procedure,” Thorat added.

Indiabulls Real Estate said in February that the proposed merger will establish one of India's largest listed real estate development platforms, with 80.8 million square feet of launched and planned development over 30 projects in all of India's major cities.

According to a JLL report, gross lease volume increased by 138 percent quarter-over-quarter to 14.7 million sq ft in the third quarter of 2020.

However, because of the limitations enforced due to the second wave of the pandemic, there was a 53.9% decrease in RevPAR in Q2 2021 compared to Q1 2021 across India.

Real estate is gaining up speed and rebounding from the impacts of Covid-19 now that construction workers have returned to the national capital region.

The Union Cabinet approved the Model Tenancy Act for distribution to all States and Union Territories for adaptation through the enactment of new legislation or appropriate amendments to present rental laws.

The ‘Dekho Apna Desh' offer allows travellers to make cherished memories in breathtaking settings and relaxing vacations all across India.

Approximately 450 homeowners are likely to profit from this.

The TA will help to promote awareness about climate risk reduction.

Two famous five-star hotels have become the latest victims of Covid-imposed limitations in Pune, with their managements declaring that they are unable to run them any longer due to a severe financial constraint and an unclear future.

Mahmood also asked for industry status for developers in a letter to Prime Minister Narendra Modi.

India's hotel sector has experienced a continuing improvement in occupancy due to the progressive approach to vaccines in major areas throughout the country, following a sharp decrease due to a second COVID-19 wave.

ITC chairman Sanjiv Puri said that the company is open to reorganizing its various operations, including hotel demergers and the bourse listing of ITC Infotech, a part of the FMCG-to-hotel-to-tobacco conglomerate.

To arrange the public offering, Ritesh Agarwal's business is in negotiations with lenders such as JP Morgan, Citi, and Kotak Mahindra Capital.

There are around 5,000 registered hotels and 3,000 unregistered hotels in Punjab. 20-25 hotels have shuttered across the province, with 70% of employees losing their employment.

According to Aditya Jhaveri, Founder & CEO, Blox, with 7% of the country's GDP, India's real estate market has traditionally been one of the most developing industries. Furthermore, by 2025, it is projected that its contribution would have increased to a staggering 13%.

On a consolidated basis, Indian Hotels Ltd recorded a 139.92% increase in overall sales revenues for the June-21 quarter, totaling Rs 344.55 crore.

The average size of residences has decreased from 1,550 square feet (sqft) to 1,250 sqft in the second part of the last decade, according to a research issued by Anarock Property Consultants

CII, an industry body, said that it has collaborated with ITC Hotels to provide vocational education training in the hotel industry via the Switzerland-based hotel school EHL.

Residential sales increased by 83% year over year in June and July 2021, indicating strong demand in the real estate industry. In Mumbai, property registrations have also risen to a 10-year high.

The Gautam Buddh Nagar government has proposed raising existing circle rates and adding an extra fee on select properties, thus property prices in Noida are expected to rise.

The Mahindra Group's hospitality business, which is built on the vacation ownership model, has set aside Rs 1,000-1,200 crore for expansion, which would comprise a mix of greenfield resort construction and long-term rentals.

This sum was invested by Dalmia Nisus Finance Investment Managers LLP, an alternative asset manager, from its Real Estate Credit Opportunities Fund - I.

Residential sales increased by 83% year over year in June and July 2021, indicating strong demand in the real estate industry. In Mumbai, property registrations have also risen to a 10-year high.