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.
BUSINESS
Tall order: Hyderabad’s high-rises hit demand slump, buyers go for affordable options
Developers had been capitalising on the growing appetite for these towering structures, eager to meet demand and maximise profits.
BUSINESS
ASK-Shriram Properties AIF platform to close Rs 500 crore fund by FY25
The company said its first development project in Pune has got deferred again due to approval-related delays.
BUSINESS
Property owners wake up to lucrative prospects of dark stores as demand surges 40% in 3 years
In areas where real estate prices are 25-30 percent lower, particularly near canals or far from prime locations, landlords are now constructing built-to-suit sheds specifically designed for dark stores
BUSINESS
Wealthy Indians rush to buy property in Greece ahead of Golden Visa rule changes
Over the last few years, the popularity and demand for Greece’s Golden Visa Programme, launched in 2013, has surged, leading the Greek government to reconsider the entry points for real estate investment and permanent residency
BUSINESS
Listed developers shy away from affordable housing segment amidst rising costs, lack of incentives
Local developers in real estate hotspots like Bengaluru, Delhi, and Mumbai continue to gain from the demand, triggered by the middle-class aspiration of owning a house.
BUSINESS
Demand for dark stores touched about 24 million sq ft in 2023. Here's a deep dive into the concept
Dark stores are expanding across Indian cities at a rate of 40 percent YoY, experts estimate. However, despite such rapid growth of the dark store network, experts expect that only 10-15 percent of them are organised.
BUSINESS
Embassy REIT investing over Rs 100 crore to develop Bengaluru metro stations, says CEO
New norms have made REITs more transparent and a safe platform for investments, real estate experts have said
BUSINESS
Century Real Estate to invest Rs 3,500 crore to build office spaces in Bengaluru over the next 5 years
The realty firm will develop a total of 4.5 million square feet of office spaces in north Bengaluru due to sustained efforts to develop infrastructure, including Metro construction, in this part of the metropolis.
BUSINESS
Better buy than pay hefty rent: Bengaluru sees a change as Gen Z, millennials turn homebuyers
Brokers point out that demand for homebuying among millennials and Gen Z has surged 30-45 percent compared to the same period last year
BUSINESS
Explained: Upcoming Phase 3 metro line may dent real estate affordability in south Bengaluru
While data from property consultants say the property values in south Bengaluru have risen by 10 percent YoY, local brokers estimate the hike can be as much as 30-40 percent since last year.
BUSINESS
Explained: With rising real estate prices, will Hyderabad's realty boom catch up with Bengaluru?
While analysts agree that Hyderabad's real estate sector is growing at a significant pace, especially after the bifurcation of Andhra Pradesh, they say Bengaluru will continue to dominate in terms of overall supply and absorption.
BUSINESS
Indiranagar property sells for Rs 47 cr in one of Bengaluru's most expensive real estate deals: Sources
One of the buyers are Shrinibash Sahoo, who also is the founder of the Lyfe Hotel in Odisha. Based on data, sources said this is the second-largest residential deal in Bangalore for 2024.
BUSINESS
Larsen & Toubro 3D-printing India's first luxury villas in Bengaluru for over Rs 60 crore
The six villas, sprawling over 4,000 sq ft each, are located in one of the Prestige Group projects, and are being built for over Rs 10 crore each, sources said,
BUSINESS
Godrej Properties to tap into Tier II cities, deliver 15 million sq ft in FY25: CEO
For north Bengaluru, the company said it is looking at a 62-acre mini township project. It will be a mixed-use project close to the Kempegowda International Airport.
BUSINESS
JP Morgan Services leases 5.6 lakh sq ft of office space in Bengaluru for Rs 4.4 crore monthly rent
Spread across the first 10 floors, the office space is located at Embassy Tech Village in Kadabeesanahalli. The office space has a carpet area of 4.3 lakh sq ft — and was rented out at Rs 80 per sq ft per month.
BUSINESS
Blackrock leases 42,700 sq ft of office space in Mumbai's Worli for 5 years
The office space is located on the 13th floor of the office tower Altimus developed by realty developer K Raheja Corp’s subsidiary Whispering Heights Real Estate. The company paid a monthly rent of Rs 300 per sq ft.
BUSINESS
Bengaluru Billionaire Tower: Apartment in iconic Kingfisher Towers up for sale for Rs 50 crore, say sources
The 4BHK apartment sprawls more than 8,000 sq ft. The Kingfisher Towers or the Billionaires’ Tower is a 34-storey luxury residential quarter with about 81 apartments (4 BHKs).
BUSINESS
Hiranandani-Blackstone JV announces 211-acre land acquisition in Chennai, eyes Rs 700-crore investment
This acquisition aims to augment the existing 180 acres already held by the company, fortifying its foothold in the burgeoning Chennai industrial market.
BUSINESS
Shriram Properties aims to clock Rs 250-crore profit by FY27, shifts focus from affordable housing
The company hinted at a changing focus of the company's affordable housing segment with a renewed approach to mid-segment housing.
BUSINESS
Embassy REIT leases 1.4 million sq ft of office space to Commonwealth Bank of Australia in Bengaluru
Embassy REIT expects to deliver the facility including fit-outs in the fourth quarter of the calendar year 2026.
BUSINESS
Prestige Group to invest Rs 10,000 cr in residential real estate by FY25
The Group is looking at expanding in cities like Delhi-NCR, Goa, Hyderabad, Mumbai, Chennai, and Bengaluru. About 75 percent of its launches will be in south India, Srivastava said.
BUSINESS
Embassy Group's hospitality arm Olive plans to roll out franchisee model by 2025
The company is also looking at international brand partnerships to expand its portfolio in India
BUSINESS
Explainer: Will changes to LTCG tax affect long-term investments in the real estate sector?
Indexation could be advantageous in cases where property appreciation is closer to the inflation rate. The new amendments may boost short-term investments in the real estate sector, including a significant fallout in long-term investments, experts add.
