INDIA
Bihar Assembly Polls: Final electoral roll out, 1.63 lakh voters added in Patna
The number of voters in the draft roll was 7.24 crore, following deletion of about 65 lakh names declared as "absent", "shifted" or "dead".
INDIA
AAP joins TMC, SP, refuses to nominate members to JPC on bills to remove PM, CMs
Both Houses have passed a resolution to refer the bills to the JPC comprising 21 members from the Lok Sabha and 10 from the Rajya Sabha.
INDIA
Govt defers mandatory broadband gear testing rule till September 1 amid tariff negotiations with US
The US government has specifically termed India’s testing and certification requirements in the telecom sector as burdensome that make it difficult or costly for American companies to sell their products in India.
INDIA
Katra remains shut for 5th day against ropeway project; BJP MLA joins protesters
The Shri Mata Vaishno Devi Sangharsh Samiti, which has called for the shutdown, announced that all activities in Katra would remain suspended during the bandh.
BUSINESS
If illegal floors can't be razed, demolish the building, says Karnataka High Court
The court's order came after Sheriff Construction failed to fulfil its undertaking to raze the two illegally built floors of a residential tower of the IBC Platinum City in Peenya
BUSINESS
Karnataka RERA asks Ozone Group to repay homebuyer's home loan, clears all liabilities on buyer
KRERA noted that while Ozone Group had promised to return an assured profit to the homebuyer, they failed to close the home loan with Indiabulls Housing.
BUSINESS
India turns 2nd fastest-growing data center market in Asia-Pacific with 28% growth in capacity
Mumbai has 12 submarine cables live, connecting directly with Europe, the Middle East, Africa, and the Asia Pacific. Five more cables will be added by 2026
BUSINESS
KRERA orders Shapoorji Pallonji to compensate Bengaluru homebuyer, dismissing COVID-triggered delay claim
Veena Ravishankar had booked a luxury apartment in Phase II Tower 4 (Maple) of the Parkwest project in Bengaluru in 2016, with an initial handover date of 2020.
BUSINESS
Explained: Karnataka's upcoming GCC districts to boost office leasing in north Bengaluru
The announcement to set up dedicated GCC districts holds considerable long-term real estate development potential in north Bengaluru, beyond Yelahanka and areas adjoining Dobbaspet and Doddaballapur.
BUSINESS
Eight Naxals planning attack on security forces held in Chhattisgarh
The arrested cadres were planning to plant an IED between the Usoor- Tekmetla route to target security forces
BUSINESS
Dubai apartment rentals to see more than 18% surge in 2025, rental yield stabilising
In 2023, the number of new rental contracts for both apartments and villas peaked, and current levels in 2024 are already close to 90 percent of the peak, data from Square Yards shows.
BUSINESS
Maha RERA pulls up Godrej Properties, orders refund of booking amount for a pre-RERA project
The regulator concluded that the project was ongoing at the time of enactment of the real estate law and asked the developer to refund the entire Rs 15 lakh to an aggrieved homebuyer.
BUSINESS
Gen Zers are buying their first homes earlier than Millennials, bank heavily on home loans
Till last year October, those falling in the millennial and Gen Zs groups constituted 53 percent of the total demand for home loans in India.
POLITICS
Male cops entering women's rooms 'wrong': Priyanka Gandhi on Palakkad hotel raid
The police conducted searches on Wednesday, including in hotel rooms where prominent Congress women politicians, such as Bindu Krishna and Shanimol Usman, were staying
BUSINESS
High street rentals rise 15 percent YoY in Q3 2024 amid tightening vacancies, decline in mall leasing
High streets are making a comeback across top cities in India, as Moneycontrol had previously reported, with higher rental yields compared to malls. Industry experts estimate rental yields on high streets to be 10-12 percent, while malls command around 8 percent.
BUSINESS
Real estate in Bengaluru on cooldown after major uptick
The rental inquiries in the city, especially for prime areas such as Indiranagar and Koramangala, have dropped by at least 20 per cent in the last three months. Industry experts anticipate a correction in rents by up to 15 per cent within the next 2-3 months because of a slowdown in the realty sector.
BUSINESS
Developers opt for integrated malls over standalone shopping centres amid surge in ghost malls, rising costs
This comes at a time when ghost malls (with occupancy of less than 40%) across India saw an almost 60 percent surge to 13 million sq ft just between 2022 and 2023.
BUSINESS
On a shopping spree: Why high-street retail is making a big comeback in India?
As high-street retail continues to develop, it is poised to become a strong contender for luxury retail in India. The combination of rising rentals, better sales conversions and improving infrastructure is making It increasingly attractive to both local and global brands
BUSINESS
RMZ to invest over $2.2 billion in Indian real estate over 5 years
The Bengaluru-headquartered company said it is also scouting for opportunities to expand its operations offshore in countries like the US and the UK.
BUSINESS
Certus Capital to roll out its first Rs 500-crore real estate AIF this fiscal
The firm, founded by a former KKR director, also plans to invest over Rs 1,000 crore through secured credit in the real estate sector by the end of this fiscal
BUSINESS
Housing sales in NCR decline amid lack of inventory, surge in home prices
After affordable housing, now the mid-segment has shown a continued downward slide in terms of sales
BUSINESS
Karnataka recovers only 12% of homebuyers' money pending from delayed projects, to recover Rs 627 crore
The state has managed to recover only Rs 79.9 crore, or about 12 percent of the total money, as of August 2024, the document showed. This includes 185 cases filed at Karnataka RERA for recovery, amidst a total of 1354 cases.
BUSINESS
Shriram Properties to invest over Rs 400 crore this fiscal, shifts focus from affordable housing
The company said that among all the cities, Kolkata remains one of the most affordable markets with residential prices of Rs 4,000 per sq ft or a ticket size of Rs 45-50 lakh.
BUSINESS
Explained: Why developers want GST relief on Joint Development Agreements and input credits
Developers highlighted the contradiction between the government's goal of "housing for all" and the current tax regime which could increase their costs and that os the projects.
