
BUSINESS
Tata AutoComp Systems sells 13+ acres in Pune
Tata Autocomp Systems sold a 13.26-acre land and 1 lakh sq ft structure to Titania Industrial Development in Pune for Rs 134 crore. Pune's real estate thrives, driven by industrial growth.

BUSINESS
Amitabh Bachchan gifts Juhu home, Prateeksha, to daughter
The bungalow in Juhu, Mumbai, was the actor’s first property in Mumbai and was where he lived with his parents.

BUSINESS
Mumbai real estate: Runwal Group plans to acquire 10 mn sq ft land for mixed-use development
The company is looking at a 20% growth in sales revenue over Rs 3,000 crore this year.

BUSINESS
Omaxe plans to invest close to Rs 4,000 cr in Tier II, Tier III cities in next four years
The company is planning forays into smaller towns over the next few years. The projects will be a mix of residential and commercial ventures, in Tier II cities where the company sees greater scope.

BUSINESS
Puravankara secures redevelopment projects with GDV potential of Rs 1,500 crore
The company believes that redevelopment is the way forward and is scouting for redevelopment projects in western suburbs, South Mumbai and in central suburbs.

BUSINESS
Infrastructure development, budgets fuelling demand for housing projects in smaller cities, towns
Some developers are also launching luxury projects in Tier II and III cities that are seeing buyers seeking alternatives to matchbox apartments and urban sprawl

BUSINESS
Planning to buy a house this Diwali? Here are tips to get the best deal
Evaluate festive offers and freebies on their intrinsic value for you, rather than their flashiness; also note that no appreciation is expected in the short term.

BUSINESS
Will housing sales this festive season outpace last year’s numbers?
The general outlook is that the residential housing sales will comfortably outpace last year’s figures on account of the real estate market being in the middle of a productive cycle, said real estate experts

BUSINESS
IBBI’s five proposals expected to give relief to homebuyers awaiting possession of homes for years
This discussion paper, inviting comments from stakeholders, seeks to implement the recommendations made by the committee on stalled real estate projects chaired by Amitabh Kant. This stems from the logistical impediments and shortcomings of the statutory framework faced by the insolvency processes of real estate companies, said legal experts.

BUSINESS
NBCC plans to sell off commercial, residential projects to raise Rs 600 crore
NBCC recently sold almost 4 lakh square feet of office space in Nauroji Nagar, South Delhi, for Rs 1,557.51 crore in the 21st auction for the sale of commercial space in the World Trade Centre to six bidders

BUSINESS
Anant Raj Limited expects to rake in Rs 4,000 crore from four projects
The company is planning to launch two housing projects in Gurgaon, expand an existing commercial space in South Delhi and construct close to 1,900 industrial affordable units in Andhra Pradesh

BUSINESS
Will you have to pay GST if electricity charges are bundled with rent or maintenance fees?
Some experts say they do not see any material change from the GST standpoint post the CBIC clarification. However, in instances relating to renting of commercial spaces, if the electricity is being charged on a cost to cost basis (with adequate justification), then a position may be taken to not levy GST on such amount

BUSINESS
Indian home buyers may account for 15% in 3 years in the UK: Barratt London
Buying property in UK: Since land is a scarce resource in London, the real estate company is regenerating old brownfield sites such as the former Kodak and Nestlé factories to construct modern housing projects similar to redeveloped mill projects in Mumbai.

BUSINESS
Lodha to launch 2-3 luxury housing projects in FY24 to meet demand
The luxury segment is expected to account for 25 percent of the total revenue potential

BUSINESS
Prestige Group plans to launch housing projects across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai and Goa
Prestige Group also intends to get into the senior living segment; the company is currently working on a pilot in Bengaluru and once that succeeds it plans to replicate it in other cities.

BUSINESS
DLF flat in Gurgaon sold for Rs 100 crore: Luxury property deal narrows gap with Delhi
Although the price may have been at par with some bungalows in the national capital, it was not reflective of the entire Gurgaon real estate market

BUSINESS
Former Godrej Properties MD promoted NeoLiv plans to develop 10 housing projects in Delhi-NCR and Mumbai
The company is in the process of raising $150 million currently and is targeting the first close by December end. As much as 40 to 50 percent may get raised by the first closing, said founder and CEO Mohit Malhotra.

REAL-ESTATE
All about China’s real estate crisis and India’s property market boom
China’s real estate challenges are directly linked to their GDP—in China, the real estate sector’s contribution to GDP is almost 30 percent; in India 5.5 to 6 percent. Even in the next 25 years it will not be more than 15 percent, say real estate experts

BUSINESS
Mercedes-Benz R&D renews lease for 5 years in Bengaluru at Rs 2.5 cr per month rent
The renewal is for commercial space totalling 5.42 lakh sq ft in the Embassy Crest building in Whitefield.

BUSINESS
Prestige Group targeting sales of Rs 20,000 cr this fiscal: Irfan Razack, MD
The company had guided sales of around Rs 16,000 crore in FY23-24, but it’s already done Rs 11,000 crore. The maximum numbers are expected to come from Bengaluru and Mumbai.

BUSINESS
India to urbanise at around 50% by 2050; Real estate growth focus to shift to Tier-2 cities: Report
The focus will shift to tier-2 cities such as Bhubaneswar, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Nagpur, Surat, Thiruvananthapuram and Visakhapatnam, the report said.

BUSINESS
DLF to invest Rs 3,400 crore in IT block and data centre facility in Noida
Spread over 25 acres, the massive facility has the potential to create nearly four million square feet of space.

BUSINESS
Here’s why high net worth individuals are lapping up uber luxury apartments in Mumbai
Mumbai Luxury Apartments: Large-size sea-facing apartments are a rarity in space-constrained Mumbai. This, along with high demand from industrialists, Bollywood stars, and high-salaried employees is causing the rush for such uber luxury real estate in India’s financial capital.

BUSINESS
Param Capital's Asha Mukul Agrawal buys 3 luxury flats in Mumbai for Rs 263 crore
These apartments are located in Lodha Malabar in Mumbai's Malabar Hill, and have been bought from Macrotech Developers