Bengaluru real estate: COVID-19 sees flurry of property deals worth Rs 10-35 crore
The size of real estate deals in Bengaluru is around Rs 10 crore to Rs 35 crore
Q3 GDP data: Real estate sector sees improvement in Oct-Dec quarter on rise in demand
With opening up of the economy in a phased manner, construction activities resumed and this was evidently visible during the last quarter of 2020. Similarly, the leasing activities in commercial real estate and sales and launches in residential segment reflected robust signs of recovery.
Listed developers from Delhi, Bengaluru planning to launch housing projects in Mumbai
As the realty market favours players with a proven record on project execution, pedigree developers see fresh opportunity in Mumbai. DLF, Puravankara lead trend. Maharashtra decision to cut premium on real-estate projects by half till Dec 31, 2021, also attracting builders from other states
One out of five Indian UHNWIs plan to buy new home in 2021: Knight Frank Wealth Report 2021
Thanks to the pandemic, the ultra-rich are most likely to procure asset in a resort or a coastal area; 46 percent of them are interested in environmental, social and governance (ESG) -focused property for investments
Global prime residential markets register nearly 2% price rise in 2020: Knight Frank Wealth Report 2021
Auckland tops the PIRI 100 list by registering an annual price rise of 17.5%. Prime property markets in Delhi (-0.1%), Mumbai (-1.5%), Bengaluru (-2.0%), register annual decline in prices in 2020
India’s ultra-rich population to grow by 63% over next five years, second-fastest globally: Knight Frank Wealth Report 2021
India’s billionaire count to increase from 113 in 2020 to 162 by 2025; Cities with the highest concentration include Mumbai’s with 920 billionaires, Delhi 375 and Bengaluru at 238
10 big-ticket property deals inked during COVID-19
Sea-facing apartments, bungalows in tree-lined boulevards in the country’s power district and ultra-luxury homes with private lifts to guard privacy—when the rich and powerful go shopping, they go big. The need for a spacious home with a dash of green was never felt more acutely than it was during the lockdown. A cut in stamp duty in markets like Mumbai made the shopping experience even more gratifying.
Tollywood actor Nandamuri Balakrishna buys house in Hyderabad for Rs 15 crore
The property is in the Jubilee Hills area of the city which has been seeing quite a lot of action of late. Just last month, a businessman bought an independent house in the same area for a whopping Rs 41.3 crore.
SWAMIH Fund to deliver over 6,000 housing units by end of FY22; 1,310 to be completed by April 2021
The trust has so far given approvals to 164 projects involving an investment of more than Rs 15,000 crore, which will help complete around 1,00,000 homes
Has a builder pulled a fast one on you? Here’s what you should know
Stickers for elevators, one swimming pool instead of six, an ugly block of apartments in place of a park—there are thousands of instances of builders failing to deliver on promises. Buyers can seek legal help but can avoid the mess by doing some due diligence.
India Sotheby’s International Realty launches full-service platform White Glove
On offer are services such as tax and wealth advisory, design, mortgage, relocation, home renovation, furniture consignment, asset valuation and even redevelopment
COVID-19 impact: Real estate market set for consolidation; large developers to acquire mega status, say experts
Consolidation of real estate assets is a reality and the sector is likely to witness more joint developments, joint ventures and development management agreements between small developers and established players
Mumbai’s luxury rental market bounces back, many deals sealed at pre-COVID rates
January 2021 witnessed the highest number of rent agreements registered in the last five years. As many as 22,655 agreements were registered during the month, against the 21,220 in January 2020.
Today is the last day to apply for DDA Housing Scheme 2021, window closes at midnight
DDA has so far received around 30,000 applications largely in the high-income and mid-income segments.
COVID-19 impact: Noida’s stamp duty department likely to incur loss of around Rs 500 crore this fiscal
While property registrations are gradually inching up, the department is behind meeting its revenue target for this fiscal
Developers woo homebuyers with revamped sample flats in posh ready-to-move-in real estate projects
Real estate firms are roping in designers for ready-to-move-in flats and villas to speed up sales and to ensure that the apartment commands a premium
Pharma boss buys property in Hyderabad’s posh Jubilee Hills for Rs 41.3 crore
N Venkata Reddy, owner of pharma company Virchow Laboratories, was the buyer of the 1,537 sq. mt. property
Embassy REIT’s Q3 profit down 15% at Rs 215 crore; firm announces investment of Rs 2,300 crore
To develop 5.7 mn sq ft of commercial space in different cities and locations over the next four years.
UP RERA cracks whip on Ansal API, deregisters two Lucknow projects
The regulator also found severe financial irregularities, diversion and siphoning of funds amounting to Rs 606 crore for the two projects.
Prestige Group and Awfis partner to provide 2 lakh sq ft of grade-A flexible working spaces; to invest Rs 40 crore
The collaboration is expected to create 4,000 seats in six strategically located centres across Bengaluru, Chennai and Hyderabad
Housing sales in India shrink by 31% due to COVID-19; NCR witnesses maximum drop followed by Bengaluru
Unit sales in NCR dropped around 45% to 26,344 units in CY20 over last year, according to the report. The sales value was also lower by a similar percentage at Rs 17,145 crore in CY20
DDA Housing Scheme 2021 update: Authority receives over 16,000 applications
Out of the 7,270 people who have paid up the booking amount, 4,699 have applied for HIG and MIG units that are available in the range of over Rs 1 crore and Rs 2 crore.
The RERA rule that gives hope to homebuyers stuck with real estate projects
This model of homebuyers taking over stuck projects is becoming popular and once some of the projects do get completed, it could become a test case for other projects to emulate
Amrapali’s 52 units completed by NBCC in Noida and Greater Noida up for sale
The residential units include five villas and 27 penthouses and six commercial properties with prices ranging from around Rs 64 lakh to Rs 2.04 crore; applications open until March 10
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