21 May 2025

San Francisco-based business software company Rippling has opened its second office in Bengaluru, expanding its operations within Embassy Tech Village. The new facility, covering over 100,000 square feet, will accommodate teams across engineering, product, sales, and customer support. The company, valued at USD 16.8 billion, has also announced plans to double its workforce in India from 1,000 to 2,000 employees within the next three years. Founded in 2016, Rippling operates offices in key global cities, including San Francisco, New York, Austin, London, Dublin, Sydney, and Bengaluru.Read more

20 May 2025

Eternal Ltd, formerly known as Zomato, has leased 84,157 sq ft of office space in Andheri (East), Mumbai from Histyle Retail Pvt Ltd for a period of five years. According to CRE Matrix, the monthly rent is set at INR 160 per sq ft, amounting to approximately INR 1.34 crore. The rental agreement, which was registered last week, includes a 15% rental escalation after three years. Demand for office spaces has surged over the past two years, driven by domestic and foreign corporations, with 2024 witnessing a record-breaking year in gross office leasing activities. Zomato officially rebranded itself as 'Eternal Ltd' on the stock exchanges last month.Read more

20 May 2025

Gokhale Constructions has acquired a 3.5-acre land parcel from HND Trust in Pune for INR 311 crore to develop a premium residential and retail project. The project is expected to generate revenue of INR 2500 crore through the construction of 16 lakh sq ft of residential space and high-end retail. Additionally, a 51,000 sq ft hostel with modern amenities is also part of the development. The starting price for a condominium is projected to be INR 7 crore. The company is also expanding its portfolio in Pune, with 2 million sq ft of residential and 3 million sq ft of commercial space under development. Furthermore, Gokhale Constructions is in advanced negotiations to enter the Mumbai real estate market, aiming to acquire properties in prime locations.Read more

20 May 2025

CREDAI MCHI Thane successfully hosted the 11th Sports Day at Leno Sports Park, Balkum, with a cricket tournament featuring 20 teams, including those from the Thane Municipal Corporation's Fire Department, PWD, and TDO. The event emphasised athleticism, unity, and camaraderie within Thane's real estate sector, with notable attendees including actor Tanuj Virwani at the toss and actors Nyra M Bannerjee and Eijaz Khan at the prize distribution ceremony. A new norm mandated each team to have a female player bowl at least one over, promoting inclusivity. JVM Spartans from JVM Group emerged as champions, while Raymond Royals secured the runner-up position.Read more

16 May 2025

Rajasthan has launched eight new residential projects to boost urban housing, unveiled by Urban Development and Housing Minister Shri Jhabar Singh Kharra. The Jaipur Development Authority introduced three plot-based schemes-Ganga Vihar, Yamuna Vihar, and Saraswati Vihar-offering a total of 765 plots via a lottery system, with prices ranging from INR 14,000 to 15,500 per sq m. Meanwhile, the Rajasthan Housing Board launched five projects across Jaipur, Baran, Bundi, and Dholpur, adding 427 units. These include premium HIG flats in Jaipur and affordable homes in smaller towns, reflecting the state's push for inclusive urban development and housing access across income groups.Read more

16 May 2025

Abhinandan Lodha has unveiled a new identity for his holding company, now named Abhinandan Ventures, a rebranding that occurred shortly after settling a branding dispute with his elder brother, Abhishek Lodha, the head of Macrotech Developers. Previously operating under the Lodha Ventures moniker, the entity has been restructured to align with its tech-driven, consumer-centric business philosophy. Established in 2015, Abhinandan Ventures has evolved into a diversified group with interests spanning real estate, private equity, education, and emerging consumer sectors. The group's portfolio comprises prominent ventures like The House of Abhinandan Lodha, Tomorrow Capital, BeyondSkool, and the Sheetal Lodha Foundation.Read more

16 May 2025

Brigade Enterprises Ltd has acquired a 5.41-acre land parcel on Velachery Road in Chennai for INR 441.7 crore, aiming to develop a housing project with a gross development value (GDV) of approximately INR 1,600 crore. The Bengaluru-based real estate firm announced the acquisition in a regulatory filing earlier this week. The project is expected to offer around 0.8 million square feet of residential space. Managing Director Pavitra Shankar stated that the acquisition aligns with the company's strategy to expand its footprint in Chennai, which has now become its second largest market after consistent investments in business development.Read more

15 May 2025

The Indore Municipal Corporation (IMC) has given in-principle approval for constructing over 1,000 affordable housing units in Gram Sindhora under PMAY 2.0, targeting economically weaker sections. The plan was approved during a mayor-in-council meeting, reflecting IMC's focus on addressing housing shortages. The meeting also cleared the formation of a Disaster Management Cell, appointing trained volunteers in each ward. Additional initiatives include city beautification through public participation, a survey and registration drive for street vendors, reimbursement for concessional travel passes, and a PPP-led clothes reuse project under the 3R model. These efforts aim to build a more inclusive, resilient, and sustainable Indore.Read more

15 May 2025

SGRE Fund, an Alternative Investment Fund (AIF) launched by the promoters of Nirala World and Sea Fund, has invested INR 125 crore in two distressed housing projects in Delhi-NCR, with plans to further expand its investment portfolio. Registered under Category II with the Securities and Exchange Board of India (Sebi), the fund aims to provide financial support to struggling real estate projects for their revival and completion. Suresh Garg, the fund's lead promoter, revealed that SGRE Fund has applied for a second scheme targeting up to INR 500 crore. The fund will consider investments in both residential and commercial projects, focusing on those that are economically viable, legally clear, and seeking initial funding to qualify for SWAMIH funding.Read more

14 May 2025

Hiranandani Communities, Krisala Developers, and Della Resorts and Adventure have partnered to develop a racecourse-themed township near Pune, with a budget of INR 550 crore. This 40-acre development will have a revenue potential of INR 1,100 crore. Della's Chairman, Jimmy Mistry, mentioned that this type of themed project increases builder receivables by 40%. The project will include a resort, conference and wedding venues, villas, and an 8-acre racecourse. Della aims to launch 10 such themed townships by FY26, targeting a revenue potential of INR 20,000 crore.Read more