Godrej Properties has entered Hyderabad’s thriving real estate market with its first residential project, Godrej Madison Avenue, in Kokapet, a hub for multinational companies. The 50-storey tower, spanning three acre, will be the company’s tallest in South India, offering premium 3- and 4-BHK apartments across 1.2 million sq ft of saleable area. Inspired by Manhattan’s architecture, the project caters to the demand for sustainable, wellness-focused living. Expected to generate `13 billion in bookings, the development capitalises on Kokapet’s strategic location. Hyderabad’s residential market saw a 12 per cent sales growth and an 8 per cent price rise in 2024.

Brigade Group set to Expand its Footprint in Kerala

Brigade Enterprises has signed an MoU with Technopark to develop a World Trade Center (WTC) and supporting infrastructure, including a business hotel, in Thiruvananthapuram. Spanning 1.5 million sq ft across multiple towers, the WTC will attract IT MNCs and offer Grade A office space, creating over 10,000 direct and indirect jobs. Following the success of WTC Kochi, where its third tower is underway, Brigade plans to invest `15 billion in Kerala. M.R. Jaishankar noted the project will become a landmark.

Contact: Brigade Enterprises

Website: www.brigadegroup.com

Private Equity Investment in Indian Real Estate Hits $2.82 Billion

Private equity (PE) investment in Indian real estate grew by 6 per cent to $2.82 billion in the first nine months of FY25, despite a decline in the number of deals, from 30 in FY24 to 24 in FY25, reports Anarock Property Consultant . The report further noted a 32.5 per cent increase in average deal size, rising from $88.5 million to $117.3 million. The industrial sector dominated, capturing 62 per cent of total investments. Bengaluru led transactions with 11 per cent. The residential sector PE investment increased to 15 per cent, commercial real estate activity remained subdued due to high interest rates.

Contact: Anarock Property Consultant

Website: www.anarock.com

Bihar Issues e-tenders for 3 Five-Star Hotels in Patna

The Bihar Government has initiated plans to build three five-star hotels in Patna to promote tourism and strengthen the state’s industrial ecosystem. The Bihar State Tourism Development Corporation (BSTDC) has

issued e-tenders for developers under a publicprivate partnership model. The hotels will be built at Hotel Patliputra Ashok, Bankipore Bus Stand, and Sultan Palace. Approved on September 10,2024, developers will receive 90-year lease rights, with a 60-year initial lease. Bids are due by February 10, 2025 employment.

MHADA Offers Relief to Master List Beneficiaries

The Mumbai Building Repair and Redevelopment Board of Maharashtra Housing and Area Development Authority (MHADA) has decided to grant conditional possession of tenements to the close heirs of eligible original tenants from the master list lottery. Announced by MHADA Vice President, the decision follows a lottery for 265 eligible tenants from old cess buildings. Many original tenants had passed away, and delays in obtaining legal heirship certificates were causing holdups. MHADA directed that eligible heirs (spouses, children, or parents) could be granted conditional possession with a “No Objection Certificate” from other relatives within six months.