Table Space files DRHP for ₹800 crore IPO

Tablespace Technologies, which operates managed workspace brand Table Space, has filed its draft red herring prospectus with SEBI for an IPO. The proposed issue comprises a fresh issue of up to ₹800 crore and an offer for sale of up to 6.55 crore equity shares.

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Mumbai: ₹1,351 crore bid for Century Mills plot to come up before BMC panel on August 12

The BMC's improvement committee will greenlight a 30-year lease for the Century Mills site located in Lower Parel. Peddar Realty Ltd's bid, amounting to Rs 1,351 crore, topped the offers for the redevelopment initiative. Presently, the site is home to 476 eligible mill workers' families and ten shops. Families will receive new 405 square feet flats for permanent housing.

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Maharashtra makes structural fitness, provision for rainwater harvesting a must for old buildings

Maharashtra's old buildings must now acquire structural certificates before obtaining new utility connections. Compliance with essential practices like rainwater harvesting and bio-sludge management is mandatory for these approvals. As a result, municipal authorities are tasked with verifying adherence to these ecological standards to enhance convenience in living and business activities.

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Entrepreneur Manav Sardana buys DLF The Dahlias penthouse in Gurugram for record ₹271 crore

Manav Sardana purchased a penthouse for ₹271 crore, setting a new record. This luxury unit boasts 17,200 sq ft of super area and 10,500 sq ft carpet area. DLF's The Dahlias project has seen significant sales, with prices exceeding ₹1 lakh per square foot. The developer noted strong interest from tier-two cities and NRI buyers. Earlier, Madhusudan Kela bought a flat in the same project for ₹120.7 crore.

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Birla Estates' subsidiary buys FSI from Parinee entities for ₹159 crore

Birla Estates has successfully acquired almost 90,000 sq ft of FSI for over Rs 159 crore, a strategic move aimed at bolstering their society redevelopment efforts in Khar, Mumbai. This FSI was secured via a Slum Rehabilitation Authority scheme from Kandivali. The development rights will be transferred and applied to a larger property in Khar, enhancing the region's premium living environment.

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MahaRERA invokes force majeure; extends project completion timeline by four months

Maharashtra's real estate regulator has granted a four-month extension for project completion deadlines, addressing the challenges developers face due to ongoing supply chain disruptions. This respite applies to all projects set to conclude on or after February 28, 2026, and comes in light of a Union Ministry advisory related to the consequences of the West Asia conflict.

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SC pulls up banks over alleged nexus with builders in real estate cases

In a significant ruling, the Supreme Court has ordered lenders to proceed with prosecuting their officers implicated in a questionable alliance with builders. The court's directive includes the allocation of extra police forces to bolster the CBI's ongoing probe. Additionally, pertinent case details will be handed over to the Enforcement Directorate, as the CBI scrutinizes allegations tied to certain real estate firms.

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