The Noida Authority‘s proposed auction for group housing plots located in Sectors 43 has received great response from top developers, including a Birla Group company. The plot measuring 41,145 square metres (Plot No. GH 1/C, Sector 43, Noida) attracted five bids from real estate developers. According to news reports, the…
hBits, an Indian fractional real estate ownership platform, has secured regulatory approval from the Securities and Exchange Board of India (SEBI) to raise more than Rs 500 crore through a Category II Alternative Investment Fund (AIF). The raised funds will be utilized to invest in commercial real estate investments across…
The Securities and Exchange Board of India (SEBI) is considering the regulation of platforms offering fractional ownership of real estate assets to retail investors. Through its Consultation Paper titled “Regulatory Framework for Micro, Small, and Medium REITs (MSM REITs),” SEBI seeks to bring fractional ownership platforms (FOPs) under the existing…
Gulshan Group, a Noida-based real estate developer, has launched an ultra-luxury residential project — Gulshan Avante — in Sector 16B of Greater Noida (West), also known as Noida Extension (Delhi-NCR). Spanning across 1.3 acres of prime land, Gulshan Avante will have 92 4BHK luxury apartments, each spanning 3200 square feet…
Godrej Properties, the real estate arm of the renowned business conglomerate Godrej Group, has acquired two plots in Gurugram for around Rs 900 crore. The company aims to develop luxury housing projects on these plots, targeting a sales revenue of Rs 3,100 crore after development of the land parcels. The…