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Vandana Ramnani

Associate Editor, Real Estate

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MC explains: Why housing rentals in Delhi-NCR have shot through the roof

BUSINESS

MC explains: Why housing rentals in Delhi-NCR have shot through the roof

It’s primarily on account of a large number of investors exiting ‘saturated' markets and selling units to end users, leading to a paucity of housing units on rent.

Increase in benchmark lending rate will push up loan EMIs, reduce home affordability

BUSINESS

Increase in benchmark lending rate will push up loan EMIs, reduce home affordability

Potential homebuyers may opt to rent a home if loan costs exceed their budget

Devvrat Developers buys five premium apartments in Mumbai for Rs 113 crore

BUSINESS

Devvrat Developers buys five premium apartments in Mumbai for Rs 113 crore

The name of the project is 25 South and is located in Prabhadevi. The apartments are spread across a built-up area of 19,922 sq. ft.

NCLT reserves order on Suraksha's bid to acquire Jaypee Infratech and complete over 20,000 housing units

BUSINESS

NCLT reserves order on Suraksha's bid to acquire Jaypee Infratech and complete over 20,000 housing units

The NCLT president Justice Ramalingam Sudhakar had reserved the order on November 22, the last date of hearing, but a written order was uploaded today.

Homebuyers in West Bengal continue to be ‘mercilessly exploited’ as RERA remains non-functional in state: FPCE

BUSINESS

Homebuyers in West Bengal continue to be ‘mercilessly exploited’ as RERA remains non-functional in state: FPCE

New buyers have no mechanism to check the track record or file complaints against the builders, Forum For People's Collective Efforts has said

SC may have to hand over Amrapali Group’s management to UP govt if financial issues not resolved: Receiver

BUSINESS

SC may have to hand over Amrapali Group’s management to UP govt if financial issues not resolved: Receiver

The Amrapali matter was listed before the bench on December 2 for fixing the next date of hearing. The case will now be taken up on December 8.

In Bad Shape: Bridge collapses can be easily prevented in India

BUSINESS

In Bad Shape: Bridge collapses can be easily prevented in India

: The number of bridge collapses has come down over the years, but even one bridge that crumbles is one too many.

Branch of former Travancore royal family to sell share in Travancore House and Bengaluru property for Rs 250 crore

REAL-ESTATE

Branch of former Travancore royal family to sell share in Travancore House and Bengaluru property for Rs 250 crore

The intending buyer is a builder who must first get the Kerala state government to hand over the property back to the former royal family members.

Developers seek one-time settlement from Noida-Greater Noida authorities

BUSINESS

Developers seek one-time settlement from Noida-Greater Noida authorities

Homebuyers said that their main concern was getting their homes registered.

Builders may have to pay land dues to Noida, Greater Noida Authorities at a higher rate

BUSINESS

Builders may have to pay land dues to Noida, Greater Noida Authorities at a higher rate

Supreme Court recalls its earlier orders capping the rate of interest at 8 percent; Noida Authority terms order as 'big victory', buyers want registries to begin, builders disappointed.

Tower in Gurgaon's Chintels Paradiso that killed two in February to be demolished: Officials

BUSINESS

Tower in Gurgaon's Chintels Paradiso that killed two in February to be demolished: Officials

The deputy commissioner is expected to fix the date of demolition on Monday.

Morgan Stanley leases two floors in Mumbai's Worli for 10 years

BUSINESS

Morgan Stanley leases two floors in Mumbai's Worli for 10 years

The company will pay a lease of more than Rs 300 crore for the office space spread across an area of 86,200 sq ft located on the 39th and 40th floors of the Raheja Altimus Building coming up in Mumbai

PM Modi inaugurates 3,024 flats built for slum dwellers in Delhi

INDIA

PM Modi inaugurates 3,024 flats built for slum dwellers in Delhi

Modi handed over the keys of flats to eligible slum dwellers in south Delhi. The flats were built as part of a slum rehabilitation project

Yotta data centre in Greater Noida expected to boost commercial real estate in the region: Niranjan Hiranandani

BUSINESS

Yotta data centre in Greater Noida expected to boost commercial real estate in the region: Niranjan Hiranandani

Data centre company Yotta Infrastructure, a Hiranandani group arm, has pledged to invest Rs 39,000 crore in Uttar Pradesh over the next five-seven years

Rs 23,380 crore investment required for sustainable upgrade of Grade A office stock in the top four cities: JLL

BUSINESS

Rs 23,380 crore investment required for sustainable upgrade of Grade A office stock in the top four cities: JLL

Bengaluru, Mumbai, Delhi NCR, and Hyderabad account for 77% of Grade A office stock in India amounting to over 569 million sq. ft; Around 61% of this stock is eligible for upgradation/ retrofitting, totalling 347 million sq. ft of which 89% of this upgradable stock has no sustainability certifications

UP CM Yogi Adityanath inaugurates North India's first hyperscale data centre Yotta D1 in Greater Noida

BUSINESS

UP CM Yogi Adityanath inaugurates North India's first hyperscale data centre Yotta D1 in Greater Noida

The launch also saw Yotta entering into an MoU with the Government of Uttar Pradesh to invest Rs 39,000 crore in a phased manner over 5 to 7 years.

Consumer court directs Godrej Projects to refund Rs 51.36 lakh to homebuyer

BUSINESS

Consumer court directs Godrej Projects to refund Rs 51.36 lakh to homebuyer

The National Consumer Disputes Redressal Commission has directed Godrej Projects to refund Rs 51.36 lakh to homebuyer for failure to provide 24 metre road connecting the project

Amazon Web Services acquires 60 acres of land in Thane for Rs 1,800 crore

BUSINESS

Amazon Web Services acquires 60 acres of land in Thane for Rs 1,800 crore

The land parcel is expected to be utilised for setting up a data centre facility

When homebuyers turn developers: RERA provision turning out to be a mixed bag for pushing stuck projects

BUSINESS

When homebuyers turn developers: RERA provision turning out to be a mixed bag for pushing stuck projects

Homebuyers who took over stuck projects across the country are finding it to be a Herculean task that requires all of them to be on the same page and trust a third-party builder or the former developer who may be brought in to complete the project.

Diwali 2022: Lesser number of freebies and discounts, new real estate launches in Mumbai and upgrades/resale in Delhi-NCR

BUSINESS

Diwali 2022: Lesser number of freebies and discounts, new real estate launches in Mumbai and upgrades/resale in Delhi-NCR

The affordability factor is facing some challenges. Home loan rates have risen in the past six months, and realty prices are facing upward pressure. Yet, this sentiment disruptor could be temporary, a JLL report noted.

Omkar Milind Shirhatti, chief product officer at Perfios, buys luxury apartment for Rs 47.70 crore in Mumbai

BUSINESS

Omkar Milind Shirhatti, chief product officer at Perfios, buys luxury apartment for Rs 47.70 crore in Mumbai

Demand for luxury projects in Mumbai has risen and the tilt has been in favour of ready or near-ready real estate projects. Tech startups, flushed with money, promoters and other stockholders are snapping up high-end luxury residences

Are UHNI homebuyers shopping for farmhouses this festive season?

BUSINESS

Are UHNI homebuyers shopping for farmhouses this festive season?

Before the pandemic struck, the farmhouse market was witnessing a down cycle. Post COVID-19, almost 80 percent of properties that were on sale have been sold. Property experts say that the value of farmhouses has increased by almost 40 percent after the pandemic.

Indiabulls Commercial Credit buys Anand Lok property for Rs 60 crore

BUSINESS

Indiabulls Commercial Credit buys Anand Lok property for Rs 60 crore

The purchase comprises four floors of a property in the posh South Delhi locality, and was made from Sheela Gehlot, wife of Ambience Group’s Promoter Raj Singh Gehlot

Urban planning should focus on generating jobs as well: Housing secretary

BUSINESS

Urban planning should focus on generating jobs as well: Housing secretary

Joshi also spoke about the immense scope for industry-government collaboration in water treatment and in overcoming the resistance to residential usage of treated-water in urban areas