Satyanarayan Bajaj, deputy secretary, Maharashtra income division, issued a notification on March 31 conveying the state authorities’s decision to maintain up the established order on prepared reckoner rates. The built‐up area of Sunteck Icon is approximately two lakh sq ft with an approximate rental of Rs 300 per sq ft per thirty days on carpet space basis. This will permit Sunteck Realty to generate a revenue of near Rs 2,000 crore over the tenure of 29 years.

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The builder said it’ll develop about 800,000 sq ft of mixture of retail and serviced apartment, with a total investment of Rs 426 crore, which includes the land cost as properly. In a troublesome 12 months for industrial real estate, Cathy Marcus reflects on lessons learned through the savings and loan disaster of the 1980s and ’90s. PGIM Real Estate has expanded its agriculture financing platform into Australia, a market key to its global growth strategy. NeoLiv raises Rs 300 crore for Inliv Real Estate Fund, targeting MMR, NCR, tier 2 cities. There are a few serviced condo projects also developing in the space, native brokers active in the area stated.