TCS leases 1.9 million sq ft in Hiranandani's project at Thane and other top Real Estate news of the day

A Round up of the major headlines that dominated the Real Estate sector, nationally and internationally.

The Finance Ministry's annual Union Budget is will be announced on February 29, and every Indian will be following the announcements closely to understand how individuals and industries alike will be affected. The real estate industry in particular is extremely sensitive to many announcements made in the annual budget, since they can have a direct impact on home buying sentiment. Almost every Indian plans to buy a home as and when it becomes financially feasible to do so, and every year brings a new section of Indians who enter the stream of employed, salaried individuals harbouring this aspiration.

Tata Consultancy Services (TCS) has picked up nearly 1.9 million square feet of office space in Hiranandani Constructions’s commercial project in Thane, reports a business daily.

Mahindra Lifespace Developers Ltd announced that Mahindra World City (Jaipur) Limited (MWCJL) is a subsidiary of the Company and a 74:26 Joint Venture between Mahindra Lifespace Developers Limited (the Company) and Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) (a Rajasthan Government Undertaking).

Peninsula Brookfield Investment Managers, a venture of real estate firm Peninsula Land Ltd and global alternative asset manager Brookfield Asset Management, has invested Rs 95 crore in residential projects of Bengalurubased property developer Mahaveer Group