Conscient Infrastructure to invest ₹1,200 crore to develop residential project in Gurugram, ET RealEstate

[ad_1] representative image NEW DELHI: Conscient Infrastructure plans to invest ₹1,200 crore to develop a residential project – Elaira Residences in sector 80, Gurugram. Spread across over 5.5 acres, this project comprises 536 apartments and will be developed in multiple phases. The company is targeting a topline of over ₹1,000 crore through the sale of…

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Goa HC orders compliance reports on illegal constructions by June 12, ET RealEstate

[ad_1] representative image PANAJI: In the suo motu PIL concerning illegal constructions across Goa, panchayats and municipalities have sought time to file compliance reports in the high court. When the petition came up for hearing on Wednesday, govt told the HC it is reviewing the court’s order and requested three weeks to streamline matters. The…

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REITs to drive institutional investment in India’s office spaces: Nuvama Report, ET RealEstate

[ad_1] representative image NEW DELHI: Higher Institutional investments in office spaces can be attracted through real estate investment trusts (REITs) in India, says a report by Nuvama. “Over the medium term, attractive REIT opportunities in India are likely to lead to higher institutional investments in the office space,” said the report. REITs or real estate…

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Uttar Pradesh government forms panel to probe charges against Ansal group, ET RealEstate

[ad_1] representative image LUCKNOW: Tightening further the noose on Ansal Properties and Infrastructure Ltd, the state govt on Tuesday constituted a high-powered committee to look into various charges and anomalies that surfaced during the preliminary inquiries against the group. The nine-member committee, to be headed by Lucknow’s divisional commissioner, will go through a five-point agenda…

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EPR framework to tackle C&D waste in India from April 26, ET RealEstate

[ad_1] representative image India’s cities and towns – along with their roadsides, green spaces water bodies – are being swallowed by mounds of construction and demolition (C&D) waste. On top of it being an eyesore, they also worsen air and water pollution. With India generating some 150-500 Mt of C&D waste annually, GoI’s newly notified…

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Home sales in Canada decline in March over tariff uncertainty, ET RealEstate

[ad_1] TORONTO: Canadian home sales and house prices declined in March, while the outlook for the full year turned less rosy, as U.S.-led global trade tensions threatened to upend the domestic economy, data from the Canadian Real Estate Association (CREA) showed. Home sales fell 4.8% in March from February, and together with declines in the…

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Building permits for apartments in Germany fall 2.3% in February, ET RealEstate

[ad_1] representative image FRANKFURT: Building permits for apartments in Germany fell 2.3% in February from a year earlier, statistics office data showed on Thursday, underscoring the fragility of the nation’s troubled property industry. The drop is a setback following two consecutive months of increases that provided some hope of a recovery after three years of…

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Kolhapur civic body reclaims 11 shops near Keshavrao Bhosale Natyagruha for redevelopment, ET RealEstate

[ad_1] representative image KOLHAPUR: The civic administration has reclaimed 11 shops adjacent to the historic Keshavrao Bhosale Natyagruha, previously rented for commercial purposes, to expand the auditorium’s area as a part of its redevelopment and restoration plan. The Kolhapur Municipal Corporation (KMC) reclaimed the shops in the presence of a heavy police force on Tuesday….

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SC denies interim relief to Aravalli miners, Real Estate News, ET RealEstate

[ad_1] representative image JAIPUR: The Supreme Court Wednesday declined to grant interim relief to miners seeking permission to continue operations in Rajasthan’s Aravalli region, and warned against speculative and repetitive applications. The operations were halted following the court’s May 9, 2024 order, which made prior approval from court mandatory for any mining activity in the…

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