BUSINESS
Will FM grant infrastructure status for Indian real estate in Budget?
Budget 2024 Expectations: In February 2018, the central government granted infrastructure status to affordable housing, allowing the segment to avail the associated benefits such as lower borrowing rates, tax concessions and increased flow of foreign and private capital.
BUSINESS
Bagmane leases 2.23 lakh sq ft in Bengaluru for Rs 1.4 crore monthly rent
The lease tenure is five years and the rental period starts from January 1, 2024.
BUSINESS
REITs to gain traction on likely turn in rate cycle, diversification moves
With interest rates at peak and most likely to head lower from here, REITs are expected to do better. Experts say the quality and diversification of assets, the profile of the rental occupiers and the developer portfolio are key points to watch out for before investing in Indian REITs.
BUSINESS
Exclusive: Karnataka HC pulls up state govt for not filling vacancy in KRERA, piling up cases
A homebuyer’s complaint has been in appeal for three years when the relevant act mandates that the RERA tribunal should dispose of appeals within 60 days of the complaint
BUSINESS
Karnataka RERA orders L&T Realty to hand over common area, pre-maintenance corpus, to RWA
In case of violation of the sanction plan, under the RERA Act, the authority does not have the power to order demolition of the building. Unless this power is given to it, the Authority can only pass orders, KRERA said.
BUSINESS
Prestige Group to add 10 million sq ft of office space in Bengaluru in 2 years
The company also said it is also looking to close deals for two 50-60 mw data centres in Bengaluru this year.
BUSINESS
KRERA holds real estate agent responsible for failing to refund booking amount to homebuyer
Advocates say it is necessary to penalise and make real estate agents share the responsibility in home selling as they are important mediators in terms of transactions.
BUSINESS
Budget 2024: CREDAI pushes for lower tax, shorter holding period for long-term capital gains
Budget 2024 Expectations: The real estate sector body added that there should also be a provision of a credit guarantee scheme for housing loans up to Rs 40 lakh and house improvement loans up to Rs 20 lakh.
BUSINESS
Puravankara to develop 3 million sq ft of residential space in Chennai, announces launch of largest plotted development
The group is currently looking at major real estate expansion in Hyderabad, Kochi, Mumbai, and Pune for Purvaland, its plotted development arm.
BUSINESS
Century Real Estate to develop 4.5 million sq ft of residential space in Bengaluru for Rs 1,700 crore
A pipeline worth Rs 5,000 crore will be created from these developments, the company added.
BUSINESS
Budget 2024 Expectations: From senior living to co-working, here are top real estate expectations for policy measures
Budget 2024 Expectations: The slow pace at which issues facing the sector are resolved does not mean that they are not pressing, say experts.
BUSINESS
Brigade Group plans to develop 15 million sq ft in Chennai by FY27, to expand office footprint
The Group is looking at developing an office park in the southern part of the city with a development potential of less than 1 million square feet.
BUSINESS
Bengaluru, Hyderabad lead retail supply in Q4 of CY2023; high streets in demand: Report
Overall, the retail space leasing volume across most of the top eight cities was led by high streets, indicating a lack of space in Grade A malls.
BUSINESS
Commercial real estate transactions in Bengaluru dipped 14% YoY in 2023
The top eight Indian markets witnessed total office transactions of 59.6 msf in 2023, registering 15 percent YoY growth.
BUSINESS
Landowners also liable to pay compensation to homebuyers for delayed projects, says NCDRC
Experts feel that the judgment increases the scope of recoveries for homebuyers significantly in cases where the developer goes absconding or is undergoing insolvency
BUSINESS
Active Covid cases in India rise to 4,394
Three new fatalities due to Covid-- two from Kerala and one from Tamil Nadu -- have been reported in a span of 24 hours, according to the ministry's data updated at 8 am.
BUSINESS
Year Ender: Top commercial real estate deals in Bengaluru that stood out in 2023
Experts say the office supply completions across the top seven cities in India will touch 165 million square feet between 2023 and 2025 while Bengaluru will lead the supply with 29 percent of the total share in India.
BUSINESS
Moving to Bengaluru? Here's where you can still find affordable apartments for rent
According to real estate experts, someone coming to the city will have to shell out at least Rs 20,000 monthly for 1BHK and Rs 30,000 for a decent 2BHK.
BUSINESS
Why South Bengaluru's isolated haven Kanakapura Road is now looking at property price hikes
Local brokers estimate that the way things are going, prices in the area are likely to rise by at least 15-20 percent.
BUSINESS
MC Explains | How over 2 lakh homebuyers benefit from UP nod to Kant panel suggestions
Experts say that the zero period waiver on interest and penalties imposed on developers for financial defaults is also a positive development for various stakeholders in the NCR real estate sector.
BUSINESS
From flood compensation to parking rules: Karnataka RERA’s top five game-changing orders for Bengaluru in 2023
Here are the top 5 KRERA orders of 2023, including the liability of the developer for damage during flooding and taking possession without OC, which will leave a huge impact on the sector.
BUSINESS
Prestige Group launches largest residential project in Kozhikode, eyes Rs 1,200 cr revenue
The company is planning major launches in Bengaluru with a sales potential of more than Rs 2,000 crore in Q4FY24.
BUSINESS
Karnataka RERA order on forming RWA causes a tizzy
Days after flagging unregistered associations, KRERA asks a developer to form RWA under law governing society registrations that legal experts say does not permit the collection of maintenance charges by RWAs
BUSINESS
SC asks Mantri Developers to refund maintenance deposit for Bengaluru project, upholds NCDRC order
Homebuyers in Bengaluru say there have been many instances of promoters or servicing companies not returning the maintenance deposit they have taken from the homebuyers
