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Vandana Ramnani

Associate Editor, Real Estate

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Govt to launch interest subvention scheme for home loans soon: Hardeep Puri

BUSINESS

Govt to launch interest subvention scheme for home loans soon: Hardeep Puri

Puri also said that more than 6.4 lakh sites have been adopted across the country as part of a nationwide cleanliness drive on October 1, responding to Prime Minister Narendra Modi's appeal for "one hour of shramdaan for swachhata".

IndoSpace plans to double its industrial real estate and logistics parks portfolio to 58 mn sq ft by 2028

BUSINESS

IndoSpace plans to double its industrial real estate and logistics parks portfolio to 58 mn sq ft by 2028

The company plans to invest $1 billion to acquire warehousing assets over three years to construct an additional 22 million sq ft

Indore bags Best Smart City spot at National Smart Cities Conclave 2023

BUSINESS

Indore bags Best Smart City spot at National Smart Cities Conclave 2023

Madhya Pradesh was adjudged the Best State in India, followed by Tamil Nadu.

All about Sumitomo Realty’s land deals and their impact on Mumbai’s commercial real estate market

BUSINESS

All about Sumitomo Realty’s land deals and their impact on Mumbai’s commercial real estate market

Sumitomo Corporation had won the bid for the two neighbouring plots in 2019 but the deal has been finalised now.

Oberoi Realty’s Commerz III looking to close remaining 2.4 mn sq ft of commercial space in next 2-3 years: CEO

BUSINESS

Oberoi Realty’s Commerz III looking to close remaining 2.4 mn sq ft of commercial space in next 2-3 years: CEO

Oberoi Realty has been receiving enquiries from flex space companies,  pharma, technology firms and education firms among others and expects good demand. It will also consider foraying into Delhi if there is a good opportunity.

All that you need to know about Dubai’s newly launched Jebel Ali luxury villas project

BUSINESS

All that you need to know about Dubai’s newly launched Jebel Ali luxury villas project

Buyers are of late flocking to the Dubai real estate market on account of factors such as infrastructure, safety and investments giving good returns in two to three years, said a Dubai-based property consultant.

Bafna Motors sells four-acre land parcel in Navi Mumbai for Rs 146 crore

BUSINESS

Bafna Motors sells four-acre land parcel in Navi Mumbai for Rs 146 crore

The leasehold land has been sold to Greenscape IT Park LLP, the Agreement for Assignment document showed

Public issue to help strengthen Signature Global’s foothold in Gurugram market: Chairman

BUSINESS

Public issue to help strengthen Signature Global’s foothold in Gurugram market: Chairman

“Our company, which is a pioneer in the affordable housing segment in Gurugram, has now shifted focus to the mid-income housing segment as demand for branded developers in this segment has increased and there are barely any developers in this segment,” says Pradeep Aggarwal.

Fall in India's headline retail inflation augurs well for real estate sector: Experts

BUSINESS

Fall in India's headline retail inflation augurs well for real estate sector: Experts

This gives some wiggle room for the RBI to keep interest rates unchanged and maintain a wait-and-watch policy at its October meeting. 

Should you buy or rent a property?

BUSINESS

Should you buy or rent a property?

The answer hinges on one’s budget and the availability of ready finance.

Retail space stock across the country witnesses 2% fall: JLL

BUSINESS

Retail space stock across the country witnesses 2% fall: JLL

Existing retail stock across the top seven cities offers a potential of around 43-44 million sq ft of REIT-worthy retail assets.

Nearly 60% homebuyers prefer mid-range & premium homes despite price hike: ANAROCK survey

BUSINESS

Nearly 60% homebuyers prefer mid-range & premium homes despite price hike: ANAROCK survey

The survey found that homes priced Rs 45 to 90 lakh are most favoured by 35 percent of the homebuyers, while 24 percent prefer homes in the range of Rs 90 lakh to Rs 1.5 crore

Amitabh Bachchan, Kartik Aryan and Sarah Ali Khan buy commercial properties in Andheri, Mumbai

REAL-ESTATE

Amitabh Bachchan, Kartik Aryan and Sarah Ali Khan buy commercial properties in Andheri, Mumbai

All the properties are located in Signature Building, off Veera Desai Road, Andheri West. Moneycontrol had earlier reported that actress Kajol has bought commercial space in the same building. 

G20 | International events should trigger creation of more ‘national real estate assets’: Urban design experts

REAL-ESTATE

G20 | International events should trigger creation of more ‘national real estate assets’: Urban design experts

These real estate assets should be created in cities other than the national capital. Proper plans should in place for their long-term use so that these venues do not turn into white elephants for the host city, they said.

DLF lines up Rs 20,000 crore residential launch pipeline across the country

BUSINESS

DLF lines up Rs 20,000 crore residential launch pipeline across the country

Among the launches include two projects in Gurgaon, with an upcoming super-luxury residential project in DLF 5, a high-rise luxury residential development in Chennai, and a residential low-rise in Chandigarh Tri-city.

Venture capitalist Rajat Khare acquires property in Delhi for Rs 76 cr

BUSINESS

Venture capitalist Rajat Khare acquires property in Delhi for Rs 76 cr

The sale deed also shows that a stamp duty of Rs 3.8 crore has been paid on the deal. An email has been sent to Vijay Khare, whose coordinates are mentioned in the sale deed.

DLF eyes Rs 400 crore in revenue from newly launched 92 independent floors in Gurugram

BUSINESS

DLF eyes Rs 400 crore in revenue from newly launched 92 independent floors in Gurugram

These are of sizes ranging from 2400 to 3100 sq ft, company’s joint managing director and chief business officer Aakash Ohri said.

Delhi RERA makes it compulsory to register commercial and retail real estate projects being built to lease

BUSINESS

Delhi RERA makes it compulsory to register commercial and retail real estate projects being built to lease

Authority chairman Anand Kumar told Moneycontrol that this was not a new rule. “We have merely clarified the issue as several people who were leasing properties were not registering the lease with us," he said

Anant Raj starts data centre business; to invest Rs 10,000 crore in 4-5 years

BUSINESS

Anant Raj starts data centre business; to invest Rs 10,000 crore in 4-5 years

A 3 MW facility in Manesar has become operational and another 3 MW will be added in three months.

Details of new home loan scheme to be unveiled by September

BUSINESS

Details of new home loan scheme to be unveiled by September

During his Independence Day speech, Prime Minister Narendra Modi had announced the scheme for middle-class families residing in rented accommodation, chawls or tenements and illegal colonies in cities.

Defaulting builders should not get three-year blanket extension to complete stalled projects: Homebuyers' body

BUSINESS

Defaulting builders should not get three-year blanket extension to complete stalled projects: Homebuyers' body

Builders whose projects are stalled or delayed for more than two years should be blacklisted and barred from launching new projects in future, FPCE’s president said in a letter to housing and urban affairs minister Hardeep Puri

Bungalow in Delhi’s Nizamuddin area sold for Rs 62 crore

BUSINESS

Bungalow in Delhi’s Nizamuddin area sold for Rs 62 crore

The total built-up area of the bungalow is 10,000 sq ft and comprises ground, first and second floors

Haryana allows registration of independent floors as commercial units in licensed colonies

BUSINESS

Haryana allows registration of independent floors as commercial units in licensed colonies

The decision will lead to increased demand from professionals who can now own their office spaces or business locations, experts said.

Kajol buys office space in Mumbai for Rs 7.64 crore

BUSINESS

Kajol buys office space in Mumbai for Rs 7.64 crore

The office space is spread across a RERA carpet area of 194.67 sq m

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