BUSINESS
Model builder-buyer agreement is an important matter in public interest: SC
The apex court seeks Centre's reply by November 22, saying this is no "adversarial" matter but important in public interest
BUSINESS
Haryana job quota law may harm commercial office leasing in Gurgaon, say experts
It may lead to an increase in commercial office and industrial space requirements in the adjoining locations of Noida and Rajasthan as businesses might look to relocate in the medium term.
BUSINESS
A homebuyer not an investor despite owning multiple properties with same builder, is entitled to refund: NCDRC
Consumer court ordered the builder Ireo to refund entire principal amount of Rs 2.23 crore to a buyer, along with compensation at an interest rate of 10.25% per annum for delay in handing over possession.
BUSINESS
NCLT appoints IRP in Spaze Tower Pvt Ltd case
This is one of the first matters to be admitted for a real estate company after the 10% or 100 allottees ordinance came into effect
BUSINESS
Real estate developers dole out cash discounts, freebies, 10:90 schemes this Diwali
Absorption of stamp duty by some Mumbai developers takes the cake.
BUSINESS
Court receiver hands over possession letters to 28 Amrapali homebuyers on Dhanteras
NBCC has completed 110 flats in the Centurian Park - Low Rise project utilizing the amount it received from SBICap Ventures
BUSINESS
Madhuri Dixit rents apartment in Mumbai for Rs 12.5 lakh per month
The tenure of the lease is three years and comes with a 5 percent escalation clause every year, the documents showed.
BUSINESS
Sanya Malhotra buys Rs 14.3-crore apartment in Mumbai
She will have Hrithik Roshan for a neighbour—the Krrish star bought two apartments worth almost Rs 100 crore last year
BUSINESS
Despite stamp duty rollback, over 8,500 housing units registered in Mumbai in October 2021
The total government revenues realized through sale registrations equalled Rs 550 crore which was 136% higher y-o-y
BUSINESS
Embassy REIT Q2 net operating income up 30% at Rs 624 cr; distributes Rs 537 cr to unit holders
Office space leased by the company stands at about 7 lakh sq ft during the second quarter, including renewals and new leases. Its new lease pipeline stands at 5 lakh sq ft
BUSINESS
Kareena Kapoor, Karishma Kapoor rent out showroom space for Rs 6 lakh a month to jewellery brand
The property is located in Turner Road, Bandra West, Mumbai. The tenure of the lease is 49 months, the documents showed.
BUSINESS
India’s biggest Maruti car dealer buys property in Hyderabad’s posh Jubilee Hills for Rs 33 crore
In the last five years, Jubilee Hills recorded as many as 120 sale transactions above Rs 10 crore.
BUSINESS
Neighbour’s envy, owner’s pride: Onida promoter buys Mumbai apartment for Rs 73 crore
The apartment comprises Rera carpet area spread across 7428 sq ft and an additional area of 539 sq ft, the documents showed
BUSINESS
SWAMIH Fund exits from its investment in Mumbai's housing project CCI Rivali Park
The fund achieved it’s twin targets – of completing the project and redeeming its investment successfully, the finance ministry tweeted
BUSINESS
Salesforce leases 7 lakh sq ft commercial IT space in Hyderabad for about Rs 5 crore a month
The floors, spread across an area of 6,82,768 sq ft, come with 911 parking slots, the documents showed.
BUSINESS
Smart World Developers to invest Rs 3,000 cr in two low-rise projects in Gurgaon
The projects to be launched in November would comprise low rise condos priced Rs 75 lakh to Rs 1.5 crore and is targeted at millennials
BUSINESS
The dos and don’ts of buying property in an e-auction by banks
State Bank of India has put around 1,000 assets on sale at an e-auction of commercial, residential and industrial properties whose owners failed to pay back loans taken to purchase the assets. Should you buy properties at an e-auction?. Moneycontrol explains the pros and cons a potential buyer needs to negotiate
BUSINESS
150 flats to be handed over to Amrapali homebuyers around Diwali
The court also directed banks to finalise bank funding for Amrapali projects within two weeks and asked banks to file their compliance report.
BUSINESS
Raamdeo Agrawal buys duplex apartment in Mumbai’s Samudra Mahal for Rs 46.26 crore
Samudra Mahal is a nearly five-decade-old luxurious, sea-facing residential complex in Mumbai's posh Worli area and home to Mumbai's rich and famous. Raamdeo Agrawal is co-founder and joint managing director of Motilal Oswal Financial Services.
BUSINESS
Real-estate sector expected to make up 18-20% of the country’s GDP by 2030: Amitabh Kant
COVID-19 has resulted in housing demand consolidating towards branded developers, real-estate experts said at the CII conference
BUSINESS
Golflinks Software Park Private Limited buys office space in Embassy Golflinks in Bengaluru for Rs 341 crore
GSPL is a 50:50 joint venture between the Kelachandra group and the Embassy group
BUSINESS
Tech facilitates Ease of Doing Business; Online building permission system in all cities by March 2022: Housing Secretary
The online system has been fully implemented in 19 states and Union Territories (UTs) and will soon be operationalised across all 36 states and UTs, he said.
BUSINESS
Housing prices across cities largely stable in third quarter; may inch up as demand outgrows supply
Housing sales doubled in the cities in the third quarter, but prices were little changed; prices are likely to inch up gradually as demand exceeds supply, according to analysts
BUSINESS
Mangalam Organics family buys luxury duplex unit for Rs 53 crore in Mumbai
The project 33 South is a marquee property housing super luxury homes with duplex apartments.
