BUSINESS
Sonam Kapoor sells apartment in Mumbai for Rs 32 crore
The built-up area of the third-floor flat is 5,533 sq. ft, the agreement for the sale and transfer showed.
BUSINESS
Here’s what you must keep in mind before buying property in 2023
Should you buy, or rent? Should it be a ready-to-move-in apartment or an under-construction one? Here’s a list of to-dos, may-dos, and most certainly don’ts.
BUSINESS
Year-end Review: Office leasing hits second-highest on record in 2022 but faces headwinds next year
Co-working constituted almost 20 percent of the total 39 million square feet commercial real estate absorption this year, indicating that occupiers continue to favour a flexible strategy towards their growth plans.
BUSINESS
Business tycoons, Bollywood stars, and startup entrepreneurs fire up luxury homes worth over Rs 7500 crore in 2022
Experts see the trend continuing in 2023 as India continues to see a rise in the number of billionaires
BUSINESS
Housing ministry releases City Finance Rankings, launches City Beauty Competition
The City Finance Rankings aim at evaluating, recognising, and rewarding urban local bodies on the basis of their strengths across key financial parameters, while the City Beauty Competition aims at encouraging cities and wards in India to create beautiful, innovative and inclusive public spaces
BUSINESS
Apple renews lease for 52,000 sq ft of office space in Bengaluru @Rs 1.42 crore per month
It has also paid a licence fee of 71.19 lakh and a security deposit of Rs 4.58 crore. The deal is evidence of Apple’s growing presence in India
BUSINESS
Realty in 2022 | A year of record housing sales, soaring rentals, and rising mortgage costs
About 3.6 lakh units were sold this year, higher than the last peak in 2014, but interest rate hikes pinched borrowers. 2023 may see developers introducing offers to push sales.
BUSINESS
2022 Year in Review: Noida’s twin towers demolition & land deals grabbed headlines
The demolitions, along with new regulations, are meant to clean up Noida’s realty sector, and send a strong signal to developers and colluding officers. These are also meant to show buyers that it is safe to invest in Noida.
BUSINESS
MC Explains | Can property tax be imposed on monuments?
Some legal experts say property tax cannot be charged on protected monuments as the municipality is not engaged in ‘improvement on the land’. However, others say it may well be within its rights to do so for services rendered.
BUSINESS
CDSL acquires 46,000 sq ft of office space in Mumbai for Rs 163 crore
The depository paid a stamp duty of Rs 9.79 crore for the registration of the two deals
BUSINESS
Budget 2023 must focus on affordable and rental housing: Experts
Homebuyers want the government to introduce a provision that will allow them to get full deduction of the interest component of their home loans.
BUSINESS
Here’s a look at properties Bollywood celebrities bought and sold in 2022
Bollywood celebrities seem to be in the middle of a home-shopping spree. Many of them buy properties both as an investment and for self-use
BUSINESS
Noida authorities freeze ex-cricketer Munaf Patel’s bank accounts to recover homebuyers' money
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) had issued recovery certificates against Munaf Patel, a director in real estate firm Niwas Promoters Pvt. Ltd, after receiving complaints of non-repayment from several investors in the Oneleaf Troy project in Greater Noida West.
BUSINESS
Trump-Tribeca Developers announce plan to add Rs 2,500-crore worth of projects
The announcement was made during the company's 10th-anniversary event that was attended by Donald Trump Jr. Trump brand would be adding two more asset classes in India---Trump villas and offices
BUSINESS
Damco India leases 2.43 lakh sq. ft. of warehousing space in Bhiwandi
The starting monthly rent is Rs 47.62 lakh. The company has paid a security deposit of Rs 1.90 crore for the document, the documents showed.
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.
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
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.
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.
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
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.
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.
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.
BUSINESS
Developers seek one-time settlement from Noida-Greater Noida authorities
Homebuyers said that their main concern was getting their homes registered.
