Pgim Real Estate News
Satyanarayan Bajaj, deputy secretary, Maharashtra income division, issued a notification on March 31 conveying the state government’s choice to maintain up the established order on ready reckoner charges. The built‐up area of Sunteck Icon is approximately two lakh sq ft with an approximate rental of Rs 300 per sq ft per month on carpet space basis. This will allow Sunteck Realty to generate a income of close to Rs 2,000 crore over the tenure of 29 years.
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The builder mentioned it will develop about 800,000 sq ft of mix of retail and serviced condo, with a complete funding of Rs 426 crore, which includes the land price as nicely. In a troublesome 12 months for business real estate, Cathy Marcus displays on lessons realized 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 international progress strategy. NeoLiv raises Rs 300 crore for Inliv Real Estate Fund, targeting MMR, NCR, tier 2 cities. There are a couple of serviced apartment projects additionally developing in the space, native brokers active within the space said.
